LoanAssistant Description
LoanAssistant is a powerful and versatile loan management software developed by a dedicated team of successful software developers, bankers and accountants. The solution is the only loan servicing add-on for QuickBooks that enables users to seamlessly manage multiple loans and credit lines. With Loan Assistant, loan data easily shows up to QuickBooks without double entry, enabling real-time reporting. The software will dynamically calculate interest/principal based on the payment date/amount, allowing tracking/processing possible charges and fees. Operating the program is simple and does not require extensive accounting and/or bookkeeping training. The loan management feature of LoanAssistant covers various segments of the lending industry such as residential and commercial mortgages, education loans, motor finance, construction loans, installment sales, leases, Investor Participation and others.
Extensive reporting, including custom letters and documents, 1098 tax reporting. Simple setup, no additional hardware required. No cost added for number of loans, customers, accounts, transactions.
--- Accrual Accounting option available;
---- Stand-alone and Borrower side servicing options available.
FREE 30-days trial
Pricing
No limit/additional charges on number of loans/accounts/transactions/borrowers/lenders
Company Details
Media
Product Details
LoanAssistant Features and Options
Loan Servicing Software
Mortgage and Loans Software
LoanAssistant Lists
LoanAssistant User Reviews
Write a Review-
Likelihood to Recommend to Others1 2 3 4 5 6 7 8 9 10
Great Software for Servicing Loans Date: May 25 2023
Summary: Used this software for years. Has everything we need to service our loans and continues to improve.
Positive: Easy to use and customize for our in-house loan servicing. Constant updates. Great integration w/ QB.
Negative: Does not have "fancy" dashboards, etc. Haven't tried with QB online.
Read More... -
Likelihood to Recommend to Others1 2 3 4 5 6 7 8 9 10
Summary: Great product, constantly adding new features, integration with QuickBooks works awesome. Good support.
Positive: I have used this software for our four QuickBooks companies. The program is easy to use and you can figure out most things by yourself, but there is a robust support available if needed. Participation module rocks! QuickBooks integration is a gem for my business!!
Negative: No automatic updates, no ACH built-in, no web portal.
Read More... -
Likelihood to Recommend to Others1 2 3 4 5 6 7 8 9 10
Summary: We have been using this system for about ten years now and no one else can compete. I can't wait to see what else this program expands to and can't wait for new updates! It is great.
Positive: As an accountant and systems analyst, this program is the best I've used so far. The best thing about it is that it is capable of calculating installment gains. It connects directly with QuickBooks, so no need to transfer data, it's all automatic. We service our own loans for hundreds of properties so this is perfect! Loan assistant is also quickly responsive with any questions or new capabilities to suit our needs. It's capable of creating custom reports too!
Negative: They won't give me the password to the database 😁
Read More... -
Likelihood to Recommend to Others1 2 3 4 5 6 7 8 9 10
Summary: The software is user-friendly and easy to implement and integrate.
Customer service has been excellent, including help with accounting features and QuickBooks.
Great integration of loan servicing with accounting. Excellent reporting module.
Will recommend it to anyonePositive: We have been using this software since 2016. It does exactly what we need; constantly growing functionality and options.
Having QuickBooks integration saves a lot of effort and money as we have limited accountant involvement.
Handles many types of loans and provides ability to customize multiple reports, which worked very well with our several business lines.
Fixed price, no additional pricing based on features or volume.
Works on any PC, no additional software or hardware needed.
Reasonable price is great for the value.Negative: No direct ACH module – we have to use QuickBooks functionality
Read More...
No mobile app as of time of writing. -
Likelihood to Recommend to Others1 2 3 4 5 6 7 8 9 10
Summary: If you are looking for loan software that will help you scale your business look no further than Loan Assistant.
Positive: You will have the ability to board your loans, tract payments, send 1098s etc in a professional way with Loan Assistant. The seamless integration with QuickBooks makes this software extremely powerful and reduces the amount of time it takes to tract and input loan payments. The reports are top notch and will give you a snapshot of your portfolio in an instant. Each report is customizable and allows you to view the information that is most important and critical to your business. I would highly recommend Loan Assistant!
Negative: N/A.
Read More...