Lendisoft provides a white-label, cloud-based loan management system with integrated risk management and collections optimization tools. Their SaaS solution helps lenders of all sizes manage loan portfolios, mitigate risk, and improve collections performance without requiring custom software development.
Funding
Funding not disclosed
Founders
Product
Problem
Lenders often struggle with inefficient loan management processes, leading to increased risk, poor collections performance, and difficulty in scaling their operations. Many lack access to advanced risk management tools and struggle to maintain compliance with evolving regulations.
Solution
Lendisoft offers a white-label, cloud-based loan management system (LMS) designed to streamline lending operations, mitigate risk, and optimize collections. The platform provides lenders with advanced tools, including risk grading, skill-based assignments, and champion/challenger campaign management, all within a single, integrated platform. Lendisoft's LMS delivers data-driven insights through comprehensive analytics and reporting, enabling lenders to make informed decisions and improve portfolio performance. The system also automates workflows, ensures compliance with industry regulations, and offers role-based access control to enhance security and efficiency.
Target Audience
Lendisoft targets direct and indirect lending companies, including those in the lending, automotive, buy here pay here, healthcare, and loan servicing sectors.
Features
- Risk Grades: Employs six scoring models to assign risk grades (A-E) to each active loan, providing insights for effective risk management.
- Skill-Based Assignments: Matches high-risk accounts with top collectors to optimize team performance.
- Champion vs. Challenger: Facilitates A/B testing of collection strategies to identify the most effective approaches.
- Odds of Roll: Uses predictive delinquency management to assess the likelihood of accounts rolling into deeper delinquency stages.
- LTV Timeline: Visualizes the relationship between principal balance and collateral value throughout the loan term.
- Potential Delinquency: Tracks daily delinquency goals to proactively manage high-risk accounts.
- Compliance Program: Incorporates industry policies, procedures, and regulations, including ECOA, EFTA, FDCPA, FCRA, TILA, and more.
- Secure Infrastructure: Utilizes geo-redundant platforms, encrypted data storage, and an AWS cloud-based platform for data security.