LAPS Overview

LAPS (Loan Administration and Processing System) is a specialized loan servicing software designed to manage the complexities of loan portfolios for financial institutions. This comprehensive platform offers tools for tracking loan performance, managing payments, and automating communication with borrowers. With features such as customizable workflows, compliance monitoring, and detailed reporting, LAPS enables organizations to efficiently handle loan servicing while minimizing risks. The software’s user-friendly interface allows staff to easily access account information and monitor performance metrics, facilitating timely decision-making. By enhancing operational efficiency and borrower engagement, LAPS empowers financial institutions to improve their loan management processes and overall customer satisfaction.

Read More

Contact Details

  • Vendor Name Laps-IT.com
  • Founded 2009
  • Location United Kingdom

Support

  • 24x7 Support 24x7 Support

Training

  • In-person In-person
  • Live Online Live Online

Licensing & Deployment

  • Proprietary Proprietary
  • Cloud Hosted Cloud Hosted
  • Web-Based Web-Based

Typical Customers

  • Self-Employed Self-Employed
  • Small-Business Small-Business
  • Midsize-Business Midsize-Business

Languages Supported

English


Industries

Banking, Financial Services

You May Also Like

Calyx Point

Calyx Point

Contact Vendor

Construction Loan Manager

Construction Loan Manager

Contact Vendor

LendingPad

LendingPad

Contact Vendor

LAPS Features

  • Arrow Icon Document Management
  • Arrow Icon Amortization Schedule
  • Arrow Icon Automatic Funds Distribution
  • Arrow Icon Investor Management
  • Arrow Icon Collateral Tracking
  • Arrow Icon Accounting
  • Arrow Icon Payment Collection
  • Arrow Icon Third-Party Integrations
  • Arrow Icon Compliance Management
  • Arrow Icon Reporting/Analytics
  • Arrow Icon Audit Trail
  • Arrow Icon Contact Management
  • Arrow Icon Data Import/Export
  • Arrow Icon Loan Portfolio Management
  • Arrow Icon PCI Compliance

LAPS Pricing

Pricing Type

  • Pricing Type Per User

Preferred Currency

  • GBP (£) GBP (£)

Free Trial

  • NA

Free Version

  • NA

Payment Frequency

  • One-Time Payment One-Time Payment

Plans & Packages

Basic

$40000 Per User

LAPS FAQs

LAPS (Loan Administration and Processing System) is a specialized loan servicing software designed to manage the complexities of loan portfolios for financial institutions. This comprehensive platform offers tools for tracking loan performance, managing payments, and automating communication with borrowers. With features such as customizable workflows, compliance monitoring, and detailed reporting, LAPS enables organizations to efficiently handle loan servicing while minimizing risks. The software’s user-friendly interface allows staff to easily access account information and monitor performance metrics, facilitating timely decision-making. By enhancing operational efficiency and borrower engagement, LAPS empowers financial institutions to improve their loan management processes and overall customer satisfaction.

  • No, LAPS does not offer a free version.

  • Yes, LAPS offers a free trial.

  • No, Credit Card details are not required for the LAPS trial.

  • LAPS offers the following pricing plans & packages:

    Basic

    $40000 Per User

  • LAPS supports the following payment frequencies:

    • One-Time Payment

  • No, LAPS does not offer an API.

  • LAPS offers support with the following options:
    • 24x7 Support

  • LAPS offers training with the following options:
    • In-person , Live Online

  • LAPS supports the following languages:
    • English

  • Following are the typical users of the LAPS:
    • Self-Employed , Small-Business , Midsize-Business

  • LAPS supports the following deployment:
    • Cloud Hosted

  • LAPS supports the following devices and operating systems:
    • Web-Based