LoanPro Revenue and Competitors

The LoanPro platform was started through necessity-driven innovation. In our early days as lenders ourselves, we found some frustrations of inadequate software to service loans. As serial entrepreneurs with a love of lending, we decided to build the loan-servicing operating system ourselves. This new, custom solution significantly increased our lending success. Encouraged by this success, and looking to recuperate the significant investment in software development, we decided to offer this new software to other lenders. Fast forward 14 years and that internal project has turned into what is now LoanPro. LoanPro's products are used in all 50 US states and all Canadian provinces, by lenders of all shapes and sizes. Our solutions specifically address the pain points we experienced when trying to use other, inadequate software. We achieve this by focusing on lending processes and communication. We provided greater transparency and data access than most leaders are accustomed to. We offer a modern, well-organized user interface built on a full, RESTful API, to make it easy to integrate LoanPro into existing operations. LoanPro manages $12+ Billion in loan balances with over 3 Million loan accounts (and growing rapidly), across all of its lenders. We process over $400 Million in payments each month and have a user base of over 18,000. We are a tech company at heart. For many of our Fintech clients, we are the tech in their Fintech. We seek out cutting-edge technology and implement the right solutions so our products efficiently organize and streamline lending operations in a transparent and timely manner.