Loan management software is a necessity in the modern business world. If you want to be competitive, you need to make sure your loan management process is up-to-date and efficient.
Infinity Software offers everything that you could possibly need for loan management with several features that are not available anywhere else.
For example, our configurable loan product engine allows your company to offer any type of loan imaginable - from installment loans or payday loans all the way through lines of credit or title loans.
We have made it possible for even the smallest organizations to compete with larger companies by providing an affordable system that can be customized based on what works best for them!
In this article, we'll discuss some of the features that make our loan management software unique and how it can work for your business.
What Does INFINITY Loan Management Software Offer?
Loan management software can help reduce costs by streamlining operations, improving customer satisfaction through enhanced reporting capabilities, automating loan approvals to minimize human error, seamlessly integrating new product features, and improving overall security.
We have one of the most configurable loan product engines in the industry, which means we can offer you a variety of loan products to meet your needs.
Beautiful Website & Member Arena
Our loan management system features a sleek user-friendly website that your employees’ customers will love.
In addition, our member arena allows you to keep track of all transactions in one place. This makes it easy for both you and your customers to stay on top of their account status.
Every interaction between you and your customers can be tracked, including payments, due dates, promises, customer data, and more.
Fully Optimized Loan Agreements
Get fully compliant digital loan agreements that are safely and securely stored in the cloud.
Our documentation includes the date, time, and IP addresses used upon signing, so you can always reference the document for audits and legal proceedings.
Additionally, your loan agreements are automatically configured with all rules, rates, and fees so that you can get up and running as quickly as possible!
Loan Product Life Cycle Management
Manage every step of the life cycle from origination to collections including quotes, applications, underwriting decisions, loans in force, and more.
Infinity Software lets you take control of every step in the loan product life cycle and supports automatic and manual rules that can be set to optimize profitability.
Maximize Revenue with Advanced Accounting and Reporting
Our web-based software gives your organization complete control over financials with extensive reporting capabilities including custom fields, one-click drill-downs, cost allocation reports by location or department, cash flow management tools such as side-by-side loan comparisons, and more.
This optimized loan management system helps you stay on top of your business and gives you the insights you need to make sound decisions that impact your bottom line.
Simplified Collections Suite
We have a built-in collections suite that supports skip tracing, dunning letters/emails, payment plans, and more.
Our Collections Suite can help you maximize recoveries, decrease write-offs/charge-offs, and increase cash flow.
You'll be able to get your delinquent customers back on track quickly and efficiently, leaving more time to focus on growing your business.
Advanced Security and Access Control
Infinity Software loan management software can be set to protect your organization from theft with total access control that ensures only authorized users have access to sensitive data, as well as setting specific permissions for each user's area of responsibility.
Our website is also fully optimized and secured with SSL to keep your data safe.
Automated Underwriting Waterfalls
Streamline loan underwriting processes with our automated waterfall system that lets you set up complex decision flows specific to each product. This helps reduce processing time and speeds up approvals while ensuring you are only lending to the best candidates.
Plus, easily configure how to move the application through our automated underwriting process based on specific criteria for each applicant type.
We'll even do daily updates of auto-approval rates so you know whether or not loans are being automatically approved - which means less work for you!
Configurable Loan Product Engine
Our loan product engine is the most configurable in the industry, built on a modular platform that allows you to configure any type of fee schedule, APR structure, prepayment policy, or maturity date to meet your unique business needs.
This allows you to maximize your revenue with advanced accounting and reporting, a built-in collections suite, and total access control to protect your organization from theft.
Our configurable loan product engine gives you the ability to offer installment loans, title loans, lines of credit, and payday loans, all at the click of a button.
Configure interest rates, payment terms, late fees, and more to create a product that's perfect for your borrowers.
Infinity Software offers precise localization so you can target borrowers in specific areas and maximize your loan portfolio.
We have the ability to localize by state, county, zip code, or radius - so you can get as granular as you need.
Localization improves your loan portfolio by allowing you to take advantage of regional differences in borrower risk.
Additionally, our robust localization features help ensure that your website and member arena are properly localized for each market.
Virtually Any Loan Product
Infinity Software loan management system features the largest range of loan products on the market.
Infinity Software loan management software offers:
- installment loans
- title loans
- lines of credit
- payday loans
- and so much more!
In addition, Infinity software offers payday loans - a high-margin, high-growth loan product.
Our payday loan product is fully configurable, so you can set it up to match your specific business needs.
Configurable CRM Rules
Infinity software offers 100+ configurable CRM rules.
Built to meet the needs of alternative credit lenders, our software lets you easily configure rules between states, stores, portfolios, loan products, and roles within your company.
Electronic Signature Technology
Enjoy simply click-to-sign electronic signature technology that increases efficiency and reduces document errors.
With Infinity Software loan management software, you can track the status of every electronic signature right alongside your full payment history for quick identification and follow-up with delinquent borrowers.
Additionally, we provide a variety of tools that automate underwriting waterfalls and help ensure maximum revenue capture.
Clients who have used our electronic signature technology report a 47% increase in signing completion.
With Infinity Software loan management software, you can configure your workflows to meet the specific needs of your business.
Streamline your loan management process with configurable workflows that let you automate tasks based on triggers such as application status, loan amount, or other criteria you set.
Payment & Funding
Infinity loan management software lets you configure automatic funding and payment accounts for each of your stores.
You can schedule when payments will process, set up automated payment rules, and so much more.
As well, Infinity Software loan management systems offer fast funding options and efficient payment processing options, so you can get your loans funded and paid quickly.
Mobile Responsive Customer Portal
Collect payments anywhere and on any device.
Our loan management system offers a mobile responsive customer portal that is easy to use and engaging.
You can also access account information, make payments, and more from the convenience of your own home or office.
Infinity loan management software is PCI and SOC compliant. We offer world-class security and compliance features to keep your data safe and protect your customers.
We are also licensed in all 50 states, so you can be confident that our software will meet the specific needs of your business.
Most Integrations In The Industry
Our Integration Hub offers the most integrations in the industry, alongside the ability to manage them all in one spot.
All of our partners are vetted and verified by a firm internal process, helping keep you and your business safe.
You can also measure integration effectiveness directly in the system, saving you time and resources.
Service Beyond Software
Our client success and onboarding teams are available to you every step of the way, ensuring a smooth and successful transition onto our software.
We always go the extra mile to help our clients get the most out of their software experience.
When you choose Infinity Software you get:
- A personal customer service representative
- Live and recorded onboarding training
- Data imports from your previous platform
- Access to Infinity Software experts
- Full-service integration support and recommendations
One Platform for All of Your Business Needs
With Infinity Software you can manage every aspect of your business from one platform.
Our loan management software offers a beautiful website and members arena, full optimized loan agreements, automated underwriting waterfalls, precise localization, and loan products such as installment loans, titles loans, lines of credit, payday loans.
We have the most configurable loan product engine in the industry and can help you maximize revenue with advanced accounting and reporting, a built-in collections suite, and total access control to protect your organization from theft.
Manage your entire business from one platform with Infinity Software loan management software. Contact us to book a demo today!