Cync Loan Servicing

Comprehensive Loan Servicing to Simplify Loan Management

Supercharge your loan management processes with Cync Loan Servicing for streamlined financial analysis resulting in simplified loan management processes and easy payment collection.

Loan Management Reporting with Engaging Analytics

Cync Loan Servicing has the ability to streamline loan processing for your organization. Watch the video to see how Cync Loan Servicing was customized for Jon.

What’s more, lenders can put the team first with Cync Software’s Reporting as a Service—a full-service option for custom reports to provide even the most granular insights for time and process optimization.

Request a demo with our team to discuss what Cync Software’s reporting services can do for you!

Simplified Loan Management with Features that Optimize Your Time

Managing loans doesn’t have to be daunting anymore. With Cync Loan Servicing, we bring you a comprehensive loan servicing solution designed to simplify your loan management tasks while offering advanced features tailored to meet your specific needs. Request a demo to see for yourself!

  • Efficiency

    Reduce operational costs by automating time-consuming tasks and eliminating manual errors. Our Loan Servicing Product enables you to allocate resources more effectively, ultimately saving you time and money.

  • Enhanced Customer Satisfaction

    Elevate the borrower experience with a user-friendly interface, transparent communication, and reliable service. Happy customers are more likely to remain loyal and recommend your services to others.

  • Compliance Confidence

    Mitigate compliance risks by leveraging our solution's built-in features that adapt to changing regulatory requirements. Stay focused on your business goals without worrying about falling behind on compliance updates.

  • Increased Productivity

    Empower your team to work more efficiently with automated workflows and streamlined processes. This not only reduces the likelihood of errors but also allows your staff to concentrate on high-value tasks.

Eliminate Downtime with Key Features to Optimize Loan Management Processes

Automated Payment Processing

Our system takes the hassle out of payment processing by automating the entire workflow. From collecting payments to applying them to the correct accounts, our solution ensures accuracy and eliminates the risk of human error.

Comprehensive Customer Portal

Empower your borrowers with a user-friendly portal where they can access their loan information. This seamless and intuitive interface enhances customer experience, fostering trust and satisfaction.

Reporting and Analytics

Gain valuable insights into your loan portfolio with our reporting and analytics. Need custom reporting? Partner with Cync Reporting as a Service to get your data delivered your way.

Workflow Automation

Increase operational efficiency by automating repetitive tasks and workflows. From document management to communication protocols, our system streamlines processes, allowing your team to focus on strategic initiatives and customer relationships.

Scalability

Whether you’re a small lending institution or a large financial enterprise, our Loan Servicing Product is scalable to meet your business needs. Grow confidently, knowing that your loan servicing solution can expand seamlessly with your organization.

Secure Data Management

Safeguard sensitive borrower information with our robust security measures. Our product employs advanced encryption and authentication protocols, ensuring that your data remains confidential and protected against potential threats.

Available Loan Types for Servicing

  • Term Loans

    Effortless term loan management, from origination to repayment, simplified.

  • Participation & Syndication Loans

    Simplify collaboration, manage syndicated loans seamlessly with advanced technology.

  • Line of Credit

    Streamline line of credit management with intuitive, scalable servicing.

Interest Rate Support

  • Different types of Interest Rates such as Fixed Rates, Variable Rates are available
  • Simple Interest as well as Compounding Interest Functionality is also supported
  • Multiple interest Calculation methods like 30/360, 30/365, Actual/365, Actual/Actual, and more are supported
  • Multiple Amortization methods like Fixed Principal, Fixed Installment, Interest-Only, and all related features like balloon payments, with schedule creation are available

Fees & Charges Support

  • Normal Fees like Origination Fee, Servicing Fee, etc. can be charged Manually or based on Frequency setup. Frequency can set as Daily, Business Daily, Weekly, Monthly, Quarterly, Annually etc.
  • Fee Amount Calculation can be based on different charge types like Principal Amount, Loan Balance, Over Advance, and more.
  • Penalty Fee can be triggered based on configured condition. Is this late fee? If not, then I’m not aware of a penalty fee other than the one below.
  • Pre-Payment Penalty Fee can be Setup with various conditions.

Your Portal for Document Request Optimization

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Request a demo today to see what our portal can do for you.

Cync Integrations Are Open for Business

Cync Software offers an integration framework that allows lenders to safely and securely hook into open APIs. Looking for a specific integration? Request a demo to see what our integrations team can do for you.

Tableau : The Dashboards & Analytics features integrate with Tableau Data Prep and Tableau Cloud, creating easy-to-use, lightweight reports, and eye-catching visualizations. The ability to choose custom layouts allows users to select multiple visualizations, resulting in a comprehensive dashboard that can be shared amongst team members.
Risk Management Association (RMA) : Cync® Spreading’s integration with the Risk Management Association (RMA) allows lenders to compare the financial statements of their borrowers with RMA’s Annual Statement Studies® and import the latest, most up-to-date ratios to ensure that calculations meet the industry standards set by RMA as the comprehensive source of risk management tools and education.
Experian : Cync LOS integrates with Experian, a consumer credit reporting agency, to automatically pull credit scores into the Cync LOS application, allowing lenders to make decisions based on the most up-to-date data.
TransUnion : Cync Software's integration with TransUnion provides direct consumer reporting for lenders to make decisions.
Codat : Customers can connect to Codat in just a few minutes without a custom connection. Codat keeps records synced in a configured interval and Cync LOS pulls the invoices from Codat whenever required via the Cync Spreading feature that engages with Codat for mapping statements from a borrower’s accounting software directly into LOS.
Plaid : Cync Software's integration with Plaid allows users to authorize access to their financial information by connecting their bank accounts, enabling Cync Spreading to have the most up-to-date information for financial analysis.
Alloy : Our Alloy integration helps banks and fintechs automate and manage their decisions for onboarding, ongoing fraud & AML monitoring, and more.
DocuSign Integration : Docusign gives lenders the ability to send documents to customers for review and electronic signature without having to go through the hassle of printing and mailing physical copies. Docusign allows lenders to manage electronic agreements with borrowers, guarantors, or other entities.

Ready to Optimize Your Loan Servicing?