10+ Best Loan Origination Software 2023
An LOS is defined as a system that automates and manages the end-to-end steps in the loan process – from the application, through underwriting, approval, documentation, pricing, funding, and administration.
| ||nCino||4.5||Pierre Naude||Custom||2012||$138.2 M||934+||Wilmington||1587+ Reviews||N/A|
| ||Finflux||4.6||Nayan Ambali||Custom||2010||$4 M||21+||Bangalore||1587+ Reviews||N/A|
| ||Turnkey lender||4.5||Dmitry Voronenko||Custom||2014||$21 M||100+||Austin||1698+ Reviews||N/A|
| ||Encompass||4||Jonathan Corr||Custom||2000||$1.1 B||1750+||Pleasanton||1698+ Reviews||N/A|
| ||CreditOnline||4.9||Juozas Rupsys||Custom||2007||$2 M||50+||Kaunas||1698+ Reviews||N/A|
| ||Floify||4.8||Dave Sims||Custom||2013||$6 M||35+||Boulder||1698+ Reviews||N/A|
| ||Persistent||4||Sandeep Kalra||Custom||1990||$481 M||10000+||Pune||1598+ Reviews||N/A|
| ||Fiserv||4.3||Frank Bisignano||Custom||1984||$10.2 B||44000+||Brookfield||1874+ Reviews||N/A|
| ||Nelito||4||Punit Jain||Custom||1995||$6.2 M||1403+||Navi Mumbai||1666+ Reviews||N/A|
| ||Comarch Loan origination||4.7||Janusz Filipiak||$1000||1993||$382.7 M||6500+||Krakow||1985+ Reviews||715+|
nCino was formed in late 2011 by a group of bankers and entrepreneurs who saw a need for a single end-to-end cloud-based solution that would allow financial institutions to boost transparency, efficiency, and profitability while ensuring regulatory compliance. The system was first implemented at a community bank in Wilmington, North Carolina, and was quickly adopted by other financial institutions across the country.
Finflux was established in 2010 in Bangalore, Karnataka, India. Customers include non-banking financial institutions (NBFIs), microfinance, SACCOs, banks, FIs, fintech, business correspondents, aggregators in the origination process, agent networks, and others. It provides next-generation digitization, process automation, and secure lending products to help financial institutions stay ahead of the competition.
Dmitry Voronenko and Elena Ionenko, the company's founders, resolved to address the compelling need to disrupt the digital lending industry's status quo by developing a lending infrastructure that would enable creditors to start and scale rapidly, efficiently, and intelligently. TurnKey Lender was founded in 2014 with the goal of democratizing credit worldwide, and it quickly gained traction.
Encompass assists its lenders to help them navigate changing regulations, complex workflows, and thinning margins in order to close loans quickly, maximize profit, and stand out in a crowded and competitive marketplace. The company was founded in 1997 by Sig Anderman and Limin Hu and is headquartered in Pleasanton, California.
CreditOnline, a team of skilled and innovative fintech specialists, has been successfully functioning since 2007, and has been working to satisfy your system development and support needs. Accountability, long-term relationships, and direct communication with customers are key elements of the company's work culture. It is headquartered in Kaunas, Kauno, Lithuania.
The objective of Floify is to make it simple for lenders to receive loan applications, collect and verify documents, communicate with borrowers and referral partners, and efficiently manage each loan in their pipeline. Co-founders Dave Sims and Michele Sims launched the company in 2013, and it is headquartered in Boulder, Colorado.
Persistent Systems is a globally recognized solutions provider that specializes in digital business acceleration, enterprise modernization, and digital product engineering. Persistent, created in 1990, has more than 30 years of experience in software engineering and digital transformation for clients in the BFSI (Banking, Financial Services, and Insurance), HCLS (Healthcare and Life Sciences), and software and hi-tech industries.
Since its establishment in 1984, Fiserv has been helping individuals move money and information. It now serves thousands of financial institutions and millions of businesses in over 100 countries, making it a global leader in payments and fintech. The corporation is based in Brookfield, Wisconsin, and employs over 40,000 efficient people.
Nelito Systems Ltd. develops and sells software for the banking, financial services, microfinance, and government sectors worldwide. With over 400 customers in 20 countries across four continents since its founding in 1995, Nelito has developed a unique reputation for its solutions and delivery excellence. Application development and maintenance, consulting, and IT outsourcing are among the company's IT services.
Comarch Loan origination
Janusz Filipiak, a professor at AGH University of Science and Technology, founded Comarch in 1993 in Krakow, Poland. Since then, the organization has grown to include a global network of affiliates. Today, the Comarch Group employs approximately 6,500 people in over 30 countries throughout the world and excels in providing technology solutions to various industries.