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LoanPro vs. Nortridge Loan System

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    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    LoanPro

    Score9.8 out of 10
    N/ALoanPro is software with features including payment solutions, data management, customer communication, and reporting. LoanPro also provides data management features such as verification tools, storage, and live amortization. LoanPro is an API-based, fully-scalable, lending solution in the US/Canadian marketplace. Its configuration first approach allows for custom rules and wizards to make loan tracking easier, automated workflow, and scalability. LoanPro is…N/A

    Nortridge Loan System

    Score8.2 out of 10
    N/AThe Nortridge Loan System is a loan servicing platform from Nortridge Software in Lake Forest, California.N/A
    Pricing
    LoanProNortridge Loan System
    Editions & Modules
    No answers on this topic
    No answers on this topic
    Offerings
    Pricing Offerings
    LoanProNortridge Loan System
    Free Trial
    YesNo
    Free/Freemium Version
    NoNo
    Premium Consulting/Integration Services
    YesNo
    Entry-level Setup FeeNo setup feeNo setup fee
    Additional Details
    More Pricing Information
    User Ratings
    LoanProNortridge Loan System
    Likelihood to Recommend
    8.9
    (3 ratings)
    10.0
    (1 ratings)
    User Testimonials
    LoanProNortridge Loan System
    Likelihood to Recommend
    LoanPro
    Any lender that needs to manage a portfolio, provide servicing or have a thoughtful collection process.
    Read full review
    Nortridge Software
    Some areas where Northridge Loan Systems is best suited is for mid to large-sized companies who are handling thousands of loan applications on a day-to-day basis. Since this program has a sizeable IT infrastructure, this software is best suited for companies that have a mid to large-size IT team with scalable infrastructure. I would not recommend Northridge Loan System to smaller-sized companies with a low volume of loans as it can be a mid-complex to manage and maintain when there are other solutions out that cater to smaller businesses.
    Incentivized
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    Pros
    LoanPro
    • Smooth Sleek UI and Zero Bugs (so far!)
    • Customizable Segmentations (Loan Statuses/Portfolios)
    • Several Bolt-On Ready-To-Go Integrated Vendors for items like SMS Email Phone etc.
    Incentivized
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    Nortridge Software
    • It can be deployed in the cloud making it easier to implement.
    • There are many different options for implementation in our IT environment including on-prem.
    • It can integrate with our Active Directory allowing for easy user management.
    Incentivized
    Read full review
    Cons
    LoanPro
    • Screen spacing can be improved or optimized better.
    • Contract is somewhat rigid to Loan Volumes.
    Incentivized
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    Nortridge Software
    • In some instances, we have noticed there are some latency issues when reading and writing from SQL databases as new code bases get released.
    • API library upgrades could be tested a bit better in each new release.
    • Cloud implementation could be a bit more streamlined.
    Incentivized
    Read full review
    Alternatives Considered
    LoanPro
    No answers on this topic
    Nortridge Software
    We chose Nortridge Loan System to handle our loan management going forward to due to the fact that we can implement this crucial business function in the cloud. Unlike Shaw Systems, which is completely on-premise, we have to manage many aspects of this software for the business from servers to segregated networks, and backups to ensure availability. With Northridge Loan Systems being able to be implemented in the cloud, we can ensure higher availability to our loan servicing teams and increased insurance that data will be safe with the DR procedures surrounded in the cloud.
    Incentivized
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    Return on Investment
    LoanPro
    • Better Customer Experience
    • More Control over Security Levels (Employees & Vendors)
    • Increased Scalability to Grow
    Incentivized
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    Nortridge Software
    • One pro to Northridge Loan System is that we can migrate off of old on-premise servers that are out of compliance.
    • With Northridge Loan System being compatible in the cloud we can deploy it within AWS promoting for long term scalability
    • We are able to manage and organize all loan-related data easily and more streamlined with Northridge Loan System
    Incentivized
    Read full review
    ScreenShots

    LoanPro Screenshots

    Screenshot of New loan setupScreenshot of Loan terms setupScreenshot of Admin statsScreenshot of Loan summary page