Lendstream Reviews
Overall rating
Filter by
Time used
7 Reviews
- Industry: Information Technology & Services
- Company size: 11–50 Employees
- Used Weekly for 1-5 months
-
Review Source
Overall rating
- Value for Money
- Ease of Use
- Likelihood to recommend 9.0 /10
Easy and powerful
Reviewed on 2023/01/23
Pros
Reports allowed investors to slice information according to various criteria, such as disbursement dates, loan types, property insurers, and many more. This was very useful when preparing and completing loan sales to investors. Delinquency Reports were also beneficial, as they kept track of loan repayments by providing amounts due, the number of days late, and a detailed breakdown of late amounts into penalties, interest, and principal. Additionally, these reports included information about previous contacts with the client, making them a great tool for improving loan repayment key indicators.
Cons
Backend UI looks outdated. Looking forward to see it improved.
- Industry: Financial Services
- Company size: 51–200 Employees
- Used Daily for 2+ years
-
Review Source
Overall rating
- Ease of Use
- Customer Support
- Likelihood to recommend 9.0 /10
User Friendly Software
Reviewed on 2019/12/18
From my experience it is a user friendly software that can be quickly mastered and can very well...
From my experience it is a user friendly software that can be quickly mastered and can very well support both loan origination, loan service and more. Based on the available data, it can be used to generate a vast variety of different reports about existing client database and general tendencies. I must say that I miss the times when I was using this software at work.
Pros
I used this software in my previous working place for mortgage loan origination purposes. After the customer data were input into the system, the software created its conclusion and analyses depending on the criteria and requirements provided into the system. The programme provided results for compliance to the required lending criteria immediately, and it was able to generate different kinds of reports for various periods of time that were clear to understand, the information on them was easy to follow. In addition, each user could have access to different reports depending on their job role, and reports were available in different formats (pdf, excel) and in several languages (I used English, Latvian, Russian). The company could ask the software administrators to change the criteria set up according to the business requirements. This software was used for loan portfolio pledge as well.
Cons
There was time needed to enter all required criteria, but as a user I did not experience any difficulties, because the entered information could be saved even if the application was not fully finished and one could return to it any time. I believe the biggest challenge is to decide what data to collect, but the good thing is that the software allows to supplement the criteria and the information when required, only I cannot comment on the administrative part of how easy that is, I only know that everything that was required was done.
- Industry: Financial Services
- Company size: 2–10 Employees
- Used Daily for 1+ year
-
Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 8.0 /10
Review of Lendstream IT loan origination software
Reviewed on 2021/11/18
Pros
Lendstream provided needed flexibility. Adoption and changes of current workflow to the required needs implemented smoothly. The manager of the company also guided our company through finding and making required integrations with third-party service providers.
Cons
Additional functionality to end user accessed through self-service customer portal must be added.
- Industry: Banking
- Company size: 201–500 Employees
- Used Daily for 2+ years
-
Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 9.0 /10
Great product for loan origination
Reviewed on 2020/01/31
Great program and great development and support team!
Great program and great development and support team!
Pros
I was one of the first Lendstream users and at the same time was like an intermediary between business management system users and development team. Many years later I can state with assurance that all new functionalities and modules has been added to the system in response to a real needs of front and back-office personnel, borrowers, affiliates and investors. Every tick-box, button, row or column has been added after many YES from different users. Lendstream is the true production software. Great team which supports the product.
Cons
Complexity, but on the other hand lending business is not a trivial one, but once the system is set up it runs very smoothly
Alternatives Considered
MortgageFlexOneReasons for Choosing Lendstream
Volume and complexity of the businessSwitched From
Microsoft ExcelReasons for Switching to Lendstream
Value for money and market knowledge- Industry: Financial Services
- Company size: 2–10 Employees
- Used Daily for 2+ years
-
Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 10.0 /10
Lendstream Review by DMC
Reviewed on 2020/09/10
Very satisfied, the technology and people are very easy to work with and continuously improve our...
Very satisfied, the technology and people are very easy to work with and continuously improve our environment.
Pros
The software allows for excellent customer service as vital customer data is sourced and calculated in real time improving the customer experience and reducing cycle times and saving us a lot of money.
Cons
The core system is very detailed with tables and rules that require reference materials.
Alternatives Considered
MortgageFlexOneReasons for Switching to Lendstream
My previous experience.
- Industry: Marketing & Advertising
- Company size: 11–50 Employees
- Used Daily for 1-5 months
-
Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 9.0 /10
A software I was looking for!
Reviewed on 2022/12/05
Pros
You are getting a lot value out of the price you are paying for it. It's a user-friendly system, which you can quickly understand how to work with. One of the features I particularly liked was the “notes” option. This allowed me to easily track the history and content of all contacts with the clients, including automatically generated notices, SMS, phone calls. This feature made it much easier to keep track of all the interactions with the clients.
Cons
Interface can be too complex at some times. Took me awhile to know the way around.
- Industry: Financial Services
- Company size: 2–10 Employees
- Used Daily for 6-12 months
-
Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 8.0 /10
Very decent tool
Reviewed on 2022/02/09
Pros
Overall complexity of the product to encompass all minute intricacies and requirements of the Polish financial sector
Cons
Steep learning curve. Challenge in making the product fit the requirements
