TLDR: Short on time and want to jump straight to the answer?
As per our research, the best Loan Origination Software for most people is OpenClose.
Loan origination software is used to help provide financing opportunities to businesses and consumers for both short-term and long-term needs. These systems are used across various industries including retail, real estate, hospitality, healthcare, education, technology, and more. The goals of the software companies who provide this origination software include improving sales detection, reducing loan processing times, and increasing customer satisfaction with their loan applications by eliminating human error. Loan origination is software used by borrowers to qualify for new loans and reduce their interest rates.
After researching dozens of Loan Origination Software options available in the market today, we have compiled this list of top 8 Loan Origination Software to help you find the perfect solution based on your specific needs.
The 8 Best Loan Origination Software
Here are our top picks for the best Loan Origination Software,
- OpenClose – Overall Best Loan Origination Software
- Fiserv – Simple and Easy to Use Loan Origination System for Beginners
- The Mortgage Office – Most Popular Loan Processing Software
- Black Knight’s Empower – Most Versatile Consumer Loan Origination Software for Flexibility and Customization
- MeridianLink – Best Mortgage Loan Origination Software with Fast and Reliable Support
- Finastra – Most Affordable Mortgage Origination Software
- Calyx Software – Best Freemium Lending Software
- Emcompass LOS – Top Rated Loan Origination System
So, let’s read on further to get a complete idea of our top Loan Origination Software picks for this year.
1. OpenClose – Overall Best Loan Origination Software
Mortgage loan origination software that is an end-to-end, multi-channel, and fully web-based los for mortgage lenders, banks and credit unions. Loan origination software for residential mortgage origination.
2. Fiserv – Simple and Easy to Use Loan Origination System for Beginners
Fiserv offers loan origination software that fits the needs of diverse lenders, streamlines lending operations and strengthens customer and member relationships. Loan origination software – fiserv.
3. The Mortgage Office – Most Popular Loan Processing Software
The mortgage office provides software to help you originate loans funded by private lenders efficiently so that you close more loans, quickly and with less personnel. Loan origination software – lender software.
4. Black Knight’s Empower – Most Versatile Consumer Loan Origination Software for Flexibility and Customization
Technology and insights lenders need to generate leads, mitigate risk and expand business in their loan origination portfolios. Loan origination solutions from an industry leader.
5. MeridianLink – Best Mortgage Loan Origination Software with Fast and Reliable Support
Provide your customers an easy digital lending experience with meridianlink consumer (Formerly loanspq) And meridianlink mortgage (Formerly lendingqb). Cloud loan origination software: Consumer & mortgage – meridianlink.
6. Finastra – Most Affordable Mortgage Origination Software
Finastra is redefining loan origination with end-to-end software solutions that allow financial institutions to automate, streamline & save. Loan origination software & systems – finastra.
7. Calyx Software – Best Freemium Lending Software
Streamline all phases of the loan process to close more loans faster with our full suite of loan and mortgage origination software. We offer server and cloud-based solutions for mortgage brokers, bankers and financial institutions. Mortgage origination and loan processing solutions – calyx software.
8. Emcompass LOS – Top Rated Lending Software
Receive an average of $813 in savings and operational improvement per loan. See why lenders across the industry trust our encompass® digital mortgage solution to help them originate more loans, lower costs, reduce time to close, and make smarter decisions. Encompass loan origination system (Los) – ice mortgage technology.
Final Thoughts – Best Loan Origination Software
The right Loan Origination Software for you, depends on your specific needs, of course. Most of our top Loan Origination Software picks include a free trial, so don’t be shy about trying a few different brands until you find a perfect fit.
In review, here are our top 8 picks for the best Loan Origination Software.
|Name||Use Case||Website Link|
|1. OpenClose||Overall Best Loan Origination Software||Try Now|
|2. Fiserv||Simple and Easy to Use Loan Origination System for Beginners||Try Now|
|3. The Mortgage Office||Most Popular Loan Processing Software||Try Now|
|4. Black Knight’s Empower||Most Versatile Consumer Loan Origination Software for Flexibility and Customization||Try Now|
|5. MeridianLink||Best Mortgage Loan Origination Software with Fast and Reliable Support||Try Now|
|6. Finastra||Most Affordable Mortgage Origination Software||Try Now|
|7. Calyx Software||Best Freemium Lending Software||Try Now|
|8. Emcompass LOS||Top Rated Loan Origination System||Try Now|
We hope that you found this guide helpful in choosing the best Loan Origination Software for your specific needs. Feel free to share the article with your friends and help spread the knowledge.