LoanPro

An API-first lending core for servicing installment loans, lines of credit and credit cards.

LoanPro is an API-first lending and credit platform that lenders, banks and fintechs use to service installment loans, lines of credit and credit cards on a shared ledger, with modules for origination, payments and collections. For credit card programs it provides the credit ledger and servicing layer and connects to the issuing processor the client chooses; it does not describe itself as the card issuer. LoanPro’s corporate offices are in Farmington, Utah, and it describes its market as the US and Canada. Pricing is not published.

Website
loanpro.io
Infrastructure layers
Loan servicing, lending and loan origination, credit card ledger
Products (as published)
Modern Lending Core
Origination Suite
Servicing Suite
Payments Suite
Collections Suite
Card Issuing Platform (credit card programs)
Client types
Lenders, banks and financial institutions, sponsor banks and their fintech partners, B2B and B2C lenders
Regions served
United States and Canada
API documentation
developers.loanpro.io
Date checked
Profile type
Standard

Questions

What does LoanPro do?
It runs the lending core: the ledger and servicing for loans, lines of credit and credit cards, plus origination, payments and collections modules.
Is LoanPro a card issuer?
No. For credit card programs LoanPro provides the credit ledger and servicing and connects to the client’s chosen issuing processor.
What is the difference between loan origination and loan servicing?
Origination covers the application, underwriting and funding of a loan; servicing covers everything after, from payments and statements to collections.

See also

Sources

Source: each provider’s own documentation, product pages, official announcements and filings, and official registers for licences, as linked in each profile. Fields a provider does not publish stay empty. How we build profiles: methodology.

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