FUNDINGO
Loan Servicing
By FUNDINGO, Inc.Accounting
- Rating
- 5.0
- Reviews
- 10
- Pricing
- Paid
- From $1 per user per month
- Listed since
- 2016
About FUNDINGO
Centralize all loan management tasks in one single platform
FUNDINGO Loan Servicing automates and centralizes all operations related to servicing loans, starting from the booking (or creation) of a loan and all the way through loan closing. This solution was the result of working with hundreds of lenders with common needs and in search of a powerful yet intuitive loan management platform.
FUNDINGO can handle virtually any alternative loan type that is non-agency, including small business, personal, installment, commercial real estate, construction, and community development, among others.
At its core, FUNDINGO Loan Servicing automates the following key servicing activities, including but not limited to:
- Loan booking
- Disbursements, payments, and payoffs
- Amortization schedules (including complex scenarios)
- Loan modifications / deferments
- Draws management
- Construction budgets
- Payment waterfalls
- Loan Reserves
- Funds / investor management
- Collections
- Borrower portal
- GL integration
Highlights
- BEST-IN-CLASS LOAN SERVICING PLATFORM: Automate your entire loan servicing operation for virtually any loan type from loan booking through loan maturity. All in one central solution. Contact sales@fundingo.com to book a demo today!
- FASTEST-GROWING LENDING PLATFORM ON SALESFORCE: Over 200 lenders, including Enterprise customers use FUNDINGO every day to service billions in loans. Banks, Credit Unions, Community lenders, MCAs are core users of our lending platform.
- STREAMLINED LOAN BOARDING Create loans from scratch in minutes with FUNDINGO's loan booking wizard that includes templates, auto-completes loan terms, amortization schedules, and even loan participants.
- AUTOMATE PAYMENTS PROCESSING Manage all things payments from payment waterfalls, payment history, ACH processing, balloon payments, fees, one-off payments, and payoffs. FUNDINGO automatically sends invoices/statements and payment confirmations.
- LOAN MODIFICATIONS MADE EASY Modifying loan terms can be done in minutes by using FUNDINGO's loan modification interface, allowing to modify terms, interest periods, amounts, etc. Loans can also be put on forbearance/deferment.
- DRAWS MANAGEMENT Whether for construction or LOC loans, FUNDINGO enables teams to manage draws with a streamlined workflow from draw request, document collection, review, all the way to approval. The process can be single or multi-step.
- FUND / INVESTOR MANAGEMENT Create and manage different funds and/or investors participating on a loan. Automatically generate and track fund transactions linked to loan payments.
- TICKLERS, COLLATERAL, AND COVENANT TRACKING Our tickler manager handles reminders for major events such as investor reporting, requesting updated insurance, and taxes. FUNDINGO also tracks covenants with timely reminders and document collection.
- BORROWER EXPERIENCE Offer your borrowers a world-class experience with FUNDINGO's borrower portal where they can see balances, submit payments, request payoffs/draws, submit docs, etc. FUNDINGO also centralizes communication with borrowers.
Screenshots
Image 1 of 10
Pricing
Paid, from $1 per user per month.
| Plan | Price | Billed |
|---|---|---|
| Default Plan | $1 per user | Monthly |
A variety of licensing options are available based on requirements. For more information, please contact us.
Compatibility
- Works with
- Sales Cloud
- Financial Services Cloud
- Government Cloud
- Requires
- Platform Cloud
- Salesforce editions
- Professional
- Enterprise
- Unlimited
- Performance
- Developer
- Salesforce Platform
- Lightning Experience
- Supported
- Salesforce mobile app
- Supported
- Salesforce security review
- Passed on September 6, 2016
- Languages
- English
More Accounting apps
The most reviewed Accounting apps on the AppExchange, to compare before you choose.