LoanAssistant Software Review

LoanAssistant is a loan management solution for QuickBooks that assists lending activities in various segments including residential mortgages, education loans and installment sales. It allows you to administer lines of credit and to track and monitor transactions in real time. The application allows financial teams to conduct audit records and calculate interest based on the Actual/365, Actual/360 and 30/365 methods. LoanAssistant features include accounting, automatic alerts, borrower management, collateral tracking, and more. In addition, it comes with a reporting module, which allows supervisors to generate reports on account statements, collection of commitments, portfolio summaries and payments due.


Let’s look at this short tutorial that shows you how to manage a customer with this loan management software:


  • Unlimited number of loans and credit lines
  • Simple and intuitive integration with unlimited QuickBooks Online/QuickBooks Desktop files
  • Combined report of loan portfolios in from different QuickBooks files
  • Amortization tables and payment coupons
  • Comprehensive billing statements
  • Pay-off statements
  • Borrower account statements
  • Managerial reports and summary of payments
  • Collection of commitment and payment reports
  • Overdue Accounts Summary and Payments Due Reports
  • IRS 1098 and 1096 Forms – automated data collection/reporting to borrowers (Form 1098) and Mortgage Interest Statement (Form 1096)
  • Access to a wide range of QuickBooks® reporting features
  • Assignment of multiple borrowers and guarantors to a single loan
  • Escrow module for third party payments such as taxes, insurance, etc
  • Multi-user network set up
  • LTV tracking with multiple collateral items referenced to specific accounts
  • Tracking notes/images can be stamped with user name and date for audit purposes
  • Tasks/images and deadlines assigned to different users through Microsoft Outlook
  • Up to three levels of security for administrators
  • Changing many loan parameters in the future
  • Interest calculation based on Actual/365, Actual/360 and 30/365, 30/360
  • Interest compounding with flexible settings
  • Support for adjustable rate loans with periodic and random rate changes
  • Interest deferral and non-interest bearing loan amounts
  • Tracking of investors’ certificates of deposits
  • Participation pools with one or multiple investors
  • Investor allocation based on fixed percentages or the amount of capital invested
  • Multiple management fee options automatically recorded in QuickBooks
  • Comprehensive investor participation reports exportable into Excel.


LoanAssistant is a loan management software that helps managers review transaction history and track investor certificates of deposit (CDs).

Express your opinion by reviewing this program.

You may also be interested in: Loan Servicing Soft

Usability: 9 /10 Speed: 9 /10 Features: 8.5 /10 Support: 8.5 /10 Pricing: 8.5 /10

Review this product

How would you rate this?

Your email address will not be published. Required fields are marked *

By submitting this review, you are confirming that it meets the Accurate Reviews Program Guidelines. Your Privacy is important to us