LoanAssistant

LoanAssistant

Integrated Accounting Solutions
5.0 out of 5 stars
CompassWay LoanAssistant

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CompassWay:

About

CompassWay Loan Management Software for All Lending Solutions Enhance your lending operations with our digital platform, designed to streamline and automate the entire lending process. Our end-to-end lending software delivers the fastest time-to-market, equipped with smart automation features for a seamless borrowing experience. What We Offer: Streamlining Online Loans with Advanced AI-Powered Lending Platform Maximizing Efficiency and ROI with White-Label Online Lending Platforms for Fintech SAAS Lending Software
LoanAssistant:

About

LoanAssistant is a powerful and versatile loan amortization software developed by a dedicated team of successful accountants, software developers, and bankers. The solution is the only loan servicing add-on for QuickBooks that enables users to seamlessly manage multiple loans and credit lines. With Loan Assistant, loan data easily shows up to QuickBooks without double entry. The loan management feature of LoanAssistant covers various segments of the lending industry such as residential and commercial mortgages, education loans, motor finance, construction loans, installment sales and others. Our sophisticated Investor Participation module simplifies managing external/internal loan investments tracking/accounting, processing, and reporting. Accrual Accounting option available. Stand-alone option available. Borrower side servicing available. No limit/additional charges on number of loans/accounts/transactions/borrowers/lenders. No additional hardware required. Annual subscription.
CompassWay:

Platforms Supported

Windows Supported
Mac Supported
Linux Supported
Cloud Supported
On-Premises Not Supported
iPhone Supported
iPad Supported
Android Supported
Chromebook Not Supported
LoanAssistant:

Platforms Supported

Windows Supported
Mac Not Supported
Linux Not Supported
Cloud Not Supported
On-Premises Not Supported
iPhone Not Supported
iPad Not Supported
Android Not Supported
Chromebook Not Supported
CompassWay:

Audience

Credit unions
LoanAssistant:

Audience

LoanAssistant serves accountants, hard-money lenders, note servicers, bankers, cities, municipalities, private lenders, credit unions, and more.
CompassWay:

Support

Phone Support Supported
24/7 Live Support Supported
Online Supported
LoanAssistant:

Support

Phone Support Supported
24/7 Live Support Not Supported
Online Supported
CompassWay:

API

Offers API Not Supported
LoanAssistant:

API

Offers API Supported
CompassWay:

Screenshots and Videos

LoanAssistant:

Screenshots and Videos

CompassWay:

Pricing

$99
$199
Free Version Not Supported
Free Trial Supported
LoanAssistant:

Pricing

$999
Starting at $999

No limit/additional charges on number of loans/accounts/transactions/borrowers/lenders
Free Version Not Supported
Free Trial Supported
CompassWay:

Reviews/Ratings

Overall 0.0 / 5
ease 0.0 / 5
features 0.0 / 5
design 0.0 / 5
support 0.0 / 5

This software hasn't been reviewed yet. Be the first to provide a review:

Review this Software
LoanAssistant:

Reviews/Ratings

Overall 5.0 / 5
ease 5.0 / 5
features 4.8 / 5
design 4.6 / 5
support 5.0 / 5
LoanAssistant:

Pros & Cons from Real Users

Pros

  • Easy to use and customize for our in-house loan servicing. Constant updates. Great integration w/ QB.
  • I have used this software for our four QuickBooks companies. The program is easy to use and you can figure out most things by yourself, but there is a robust support available if needed. Participation module rocks! QuickBooks integration is a gem for my business!!
  • As an accountant and systems analyst, this program is the best I've used so far. The best thing about it is that it is capable of calculating installment gains. It connects directly with QuickBooks, so no need to transfer data, it's all automatic. We service our own loans for hundreds of properties so this is perfect! Loan assistant is also quickly responsive with any questions or new capabilities to suit our needs. It's capable of creating custom reports too!
  • We have been using this software since 2016. It does exactly what we need; constantly growing functionality and options. Having QuickBooks integration saves a lot of effort and money as we have limited accountant involvement. Handles many types of loans and provides ability to customize multiple reports, which worked very well with our several business lines. Fixed price, no additional pricing based on features or volume. Works on any PC, no additional software or hardware needed. Reasonable price is great for the value.
  • You will have the ability to board your loans, tract payments, send 1098s etc in a professional way with Loan Assistant. The seamless integration with QuickBooks makes this software extremely powerful and reduces the amount of time it takes to tract and input loan payments. The reports are top notch and will give you a snapshot of your portfolio in an instant. Each report is customizable and allows you to view the information that is most important and critical to your business. I would highly recommend Loan Assistant!

Cons

  • Does not have "fancy" dashboards, etc. Haven't tried with QB online.
  • No automatic updates, no ACH built-in, no web portal.
  • They won't give me the password to the database 😁
  • No direct ACH module – we have to use QuickBooks functionality No mobile app as of time of writing.
  • N/A.
CompassWay:

Training

Documentation Supported
Webinars Supported
Live Online Not Supported
In Person Not Supported
LoanAssistant:

Training

Documentation Supported
Webinars Supported
Live Online Supported
In Person Not Supported
CompassWay:

Company Information

CompassWay
Founded: 2022
Ukraine
compassway.org
LoanAssistant:

Company Information

Integrated Accounting Solutions
Founded: 1999
United States
www.iasolutions.info/
CompassWay:

Alternatives

HES LoanBox

HES LoanBox

HES FinTech
5.0 out of 5 stars
LoanAssistant:

Alternatives

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Mortgage Automator

4.9 out of 5 stars
CompassWay:
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LoansNeo

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4.8 out of 5 stars
LoanAssistant:
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ABLE Platform

5.0 out of 5 stars
CompassWay:
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LoanAssistant:
MORSERVw

MORSERVw

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CompassWay:
LoanAssistant:
LoanShark

LoanShark

Data Designs
CompassWay:
LoanAssistant:
CompassWay:

Categories

AI Lending Supported
Loan Management Supported
Loan Servicing Supported
LoanAssistant:

Categories

Accounting Supported
Finance Supported
Loan Management Supported
Loan Servicing Supported
Mortgage and Loans Supported
Real Estate Supported
LoanAssistant:

Loan Servicing Features

Accounting Management Supported
Amortization Schedule Supported
Application Management Supported
Auto Loans Supported
Automatic Funds Distribution Supported
Business Loans Supported
Collateral Tracking Supported
Collections Management Supported
Compliance Management Not Supported
Construction Loans Supported
Customer Database Supported
Fee Management Supported
Investor Management Supported
Loan Processing Supported
Student Loans Supported

Mortgage and Loans Features

Amortization Schedule Supported
Client Database Supported
Closing Documents Not Supported
Commercial Mortgages Supported
Contact Management Supported
Credit Reporting Not Supported
Customer Statements Supported
Document Management Supported
Electronic Applications Not Supported
Government Loans Supported
Loan Origination Not Supported
Loan Servicing Supported
Pipeline Management Not Supported
Pre-Qualification Not Supported
Refinance Management Not Supported
Residential Mortgages Supported
CompassWay:

Integrations

Microsoft 365 Not Supported
Microsoft Access Not Supported
QuickBooks Accountants Not Supported
QuickBooks Cash Not Supported
QuickBooks Commerce Not Supported
QuickBooks Desktop Premier Not Supported
QuickBooks Desktop Pro Not Supported
QuickBooks Enterprise Not Supported
QuickBooks Online Not Supported
LoanAssistant:

Integrations

Microsoft 365 Supported
Microsoft Access Supported
QuickBooks Accountants Supported
QuickBooks Cash Supported
QuickBooks Commerce Supported
QuickBooks Desktop Premier Supported
QuickBooks Desktop Pro Supported
QuickBooks Enterprise Supported
QuickBooks Online Supported
CompassWay:
Claim CompassWay and update features and information
Claim CompassWay and update features and information
LoanAssistant:
Claim LoanAssistant and update features and information
Claim LoanAssistant and update features and information