Understanding LoanPro’s credit reporting options

Published August 19th, 2024 by Lauren Krieger

Credit reporting is an essential function for lenders, providing valuable insights into borrowers’ creditworthiness and helping to pinpoint high-risk individuals to safeguard the industry. To support this function, LoanPro’s LMS offers three distinct options for credit reporting: Enhanced CSV, Metro 2 CSV, and a Bloom Credit integration. Each method

Custom holiday schedule configuration

Published July 17th, 2024 by Lauren Krieger

Banks do not process payments on bank holidays, which can delay the confirmation of payment success or failure by several days. To increase efficiency, LMS and Secure Payments allow you to automatically reschedule payments to an available banking day. While both tools default to U.S. banking holidays, you have the flexibility to customize holidays