About LoanAssistant

LoanAssistant is a loan servicing solution for QuickBooks that assists lending businesses across various segments including residential mortgages, education loans and installment sales with preparation and management of loans. It allows money lenders to manage credit lines and track and monitor transactions in real-time. The application enables finance teams to conduct audit logs and calculate interest based on Actual/365, Actual/360 and 30/365 methods. Features of LoanAssistant include accounting, automated alerts, borrower management, collateral tracking and more. Additionally, it comes with a reporting module, which lets supervisors generate reports related to billing statements, escrow collection, portfolio summary and due payments. LoanAssistant helps managers review transaction history and track investors’ certificates of deposits (CD). Pricing is available on an annual subscription and support is extended via phone, email and other online measures.
LoanAssistant Software - LoanAssistant home screen
LoanAssistant Software - LoanAssistant payment screen
LoanAssistant Software - LoanAssistant transactions
LoanAssistant Software - LoanAssistant home screen - thumbnail
LoanAssistant Software - LoanAssistant payment screen - thumbnail
LoanAssistant Software - LoanAssistant transactions - thumbnail

LoanAssistant pricing

LoanAssistant does not have a free version but does offer a free trial. LoanAssistant paid version starts at USD 999.00/year.

Starting Price:
USD 999.00/year
Free Version:
No
Free trial:
Yes

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LoanAssistant Reviews

Feature rating

Value for Money
5
Functionality
4.5
Ease of Use
5
Customer Support
5
5 reviews of 10 View all reviews
Verified Reviewer
  • Industry: Financial Services
  • Company size: 10,000+ Employees
  • Used Daily for 1+ year
  • Review Source
Value for Money
5
Features
5
Ease of Use
5
Customer Support
5

5
Reviewed on 28/08/2018

Flexible, Comfortable and affordable software in managing loans

Pros

LoanAssistant is a loan management software that my team and I suggest for some of our clients, especially those with loans due to business start-ups. It is a great beginner’s software. It calculates interests, manages billing and pay off statements and it is highly integrative with QuickBooks system. It also covers your mortgages, which is bothersome to most of our clients.

Cons

The software is only applicable for Windows users which limit their possible clients. But for those who are Windows users, none so far have shared any complaints with this software and this helps our institution.

Kathleen W.
  • Industry: Banking
  • Company size: 2-10 Employees
  • Used Daily for 2+ years
  • Review Source
Value for Money
5
Features
4
Ease of Use
5
Customer Support
5

4
Reviewed on 11/09/2020

Mortgage Loan Software integrated with Quickbooks

I've been very impressed with the entire process of Loan Assistant. We have been using this program for over 3 years. Our company has addressed issues, given ideas, and asked for help many times. The Loan Assistant team always responds promptly and with resolutions to our questions or concerns. When something doesn't work quite like we need it to they have always provided assistance and advice on whether we can make adjustments in the software to accommodate our needs. Outstanding Service!

Pros

Integrating with our existing accounting software (Quickbooks) is the most important aspect for us using this software. The ease and simplicity of the program is second and the affordably pricing is also important. The program offers customization to your specific needs if necessary. The superior customer service responsiveness is amazing. I've never waited long for any response and the staff is always pleasant.

Cons

The only con would be that I have not used another loan servicing software program....so I cannot offer comparisons.

Nitish B.
  • Industry: Financial Services
  • Company size: 1,001-5,000 Employees
  • Used Weekly for 6-12 months
  • Review Source
Value for Money
4
Features
4
Ease of Use
4
Customer Support
3

4
Reviewed on 26/10/2018

Good software for managing loans

Overall it's great software to work on as it can reduce to laborious work of managing loans into the simple one.

Pros

Loan assistant is loan management software that our team recommend and suggest to our clients. Most important function of this software is it
can organise large of loans that is very difficult for a manual job. It is simple in use and learn curve is simple. It can manage bills and amortization schedule easily and it works well with QuickBooks.

Cons

It can be used only on windows platform which some may find it a disadvantage but most of the user don't bother about it. Customer support is imporving but still lacks in its service.

Alex Z.
  • Industry: Real Estate
  • Company size: 2-10 Employees
  • Used Daily for 2+ years
  • Review Source
Value for Money
5
Features
5
Ease of Use
5
Customer Support
5

5
Reviewed on 18/06/2018

Great software

reporting

Pros

Great software for my business; saves my team a lot of time - amazing job integrating with QuickBooks!
The software is very user friendly and intuitive; reporting is excellent.
The support staff has been very helpful with issues not covered in the help file.

Cons

Would be soo much better if they had 24x7 tech. support. Other than that, i cant think of anything else.

Maria M.
  • Industry: Automotive
  • Company size: 201-500 Employees
  • Used Weekly for 2+ years
  • Review Source
Value for Money
5
Features
5
Ease of Use
5
Customer Support
5

5
Reviewed on 27/01/2020

Great software!

Very satisfied.

Pros

Loan Assistant is a great tool in tracking loan activity. It has definitely made my job easier posting payments and automating/updating the amortization schedules. Reporting in the system is also very easy and useful.

Cons

Sometimes the system closes out on its own, but all in all the software is very useful. If there are any issues, our rep [SENSITIVE CONTENT HIDDEN] is very helpful and knowledgeable. Always ready to help quickly and efficiently.

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