Payment allocation
Automatic allocation to fees, interest and principal according to your waterfall.
Loan servicing software
In short
Loan servicing software handles everything that happens after a loan is disbursed: payment allocation, schedule changes, early and partial repayments, restructuring, payment holidays, statements, customer communication and interest recalculation. Finsora automates routine servicing and keeps a complete audit trail, so a small operations team can service a large portfolio.
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Loan servicing software
Key features
Changes and restructuring
Term changes, payment holidays, top-ups and restructuring with recalculated schedules.
Early repayment
Full and partial early repayment quotes and settlements calculated instantly.
Statements and notices
Statements, interest certificates and notifications generated automatically.
Customer service desk
Complete customer view with history, documents, tasks and communication log.
Who it's for
Who it's for
- Lenders scaling operations
- Third-party loan servicers
- Lenders with complex restructuring
- Portfolio buyers and investors
Capabilities and integrations
- Payment waterfall
- Bank statement import
- Statements
- Customer portal
- Audit trail
- REST API
How implementation works
How implementation works
01
Servicing rules
Payment waterfall, change policies and document templates.
02
Configuration
Automation, notifications and service desk roles.
03
Migration
Active loans and history migrated and reconciled.
04
Operation
Go-live and continuous improvement of automation.
Loan servicing software
Frequently asked questions
What is loan servicing software?
It is software that manages active loans after disbursement: payments, changes, early repayment, statements, customer communication and reporting.
Can it service loans for other lenders?
Yes. Portfolios can be separated by owner, with reporting for each portfolio owner.
Are early repayment amounts calculated automatically?
Yes. Quotes include outstanding principal, accrued interest and any fees under your product rules.
Is every change recorded?
Yes. Each change, payment and document is recorded in an audit trail with user and time.
Related solutions
Demo
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- Fast to launch
- Configurable, not rigid
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