Small Dollar Loan Software for Lenders

Equipping small dollar and subprime lenders with the most configurable, omnichannel fintech solution available.

Managing short-term loans can be challenging, given the volume of loans you have to track as well as the tighter time frames that come with them. This is why it’s important to have robust lending software for small lenders to help you stay on top of everything. Fortunately, Vergent is here to provide a solution that gives you all the tools you need. From origination through servicing, our small loan software supports you at every stage of the loan lifecycle.

No other short-term loan software platform makes it as easy to run your small dollar lending or line of credit business, efficiently and profitably. Vergent is dedicated to delivering the most advanced technologies in the fintech lending space. These technologies allow you to provide an extraordinary digital experience for your customers. Vergent LMS enables customer engagement through omnichannel communication tools, helping with retention and borrower outreach. Grow your business geographically or digitally, all in one comprehensive installment loan software. Vergent LMS provides tools to help manage regulatory compliance efficiently.

Why Choose Vergent LMS?

Our loan servicing software leverages powerful automation to streamline operations and enhance efficiency. For example, its powerful automation ensures you can keep workflows moving smoothly without depending on old-fashioned manual processes that drag down your efficiency and introduce the risk of errors. We also provide you with advanced regulatory compliance tools that take the guesswork out of your due diligence and keep you in sync with all the latest updates to the laws.

Our omnichannel customer engagement capabilities help you stay in touch with borrowers and potential customers through text messages, email, social media and other channels. On top of everything else, our solution is scalable to help provide the proper level of support no matter how many loans you service. It’s capable of supporting multiple loan types, as well, including installment, payday, auto title and more.

Key Features and Benefits of Vergent LMS

Vergent’s core leadership team is more than a group of experienced software engineers. We’re also lending professionals just like you, with long histories of dealing with the same challenges you face on a daily basis. That’s why we’ve designed Vergent LMS to address the widest range of needs and provide the highest levels of support for whatever comes your way.

We help you do more for your customers with end-to-end loan servicing capabilities. With automated payment processing and reporting, you can streamline operations and integrate with collection partners as needed.  Vergent LMS integrates with AI-powered underwriting tools to enhance loan origination and decisioning. Automated borrower communications via email and text help improve engagement and retention. The real-time reporting and analytics built into our platform ensure you can access loan performance insights whenever you need them.

Our software is built to integrate seamlessly into your accounting operations, with GL export, financial tracking and CPA-led support all right at your fingertips. Best of all, Vergent LMS is highly configurable and scalable to help you no matter how large or small your operations are. When you choose our platform, you’ll experience benefits including:

Frequently Asked Questions

Q: How does Vergent LMS streamline short-term loan processing?

A: Automated processes remove much of the burden from your shoulders, allowing you and your team to concentrate on other areas of your business. This adds numerous efficiencies and prevents costly headaches that can come about due to traditional manual processes.

Q: Can Vergent LMS support multiple loan types?

A: Yes, our software is capable of supporting installment, payday, auto title and various other types of small-dollar loans with ease.

Q: Is Vergent LMS customizable for my lending business?

A: We know that no two lenders conduct business in the exact same way for the exact same customer bases. That’s why we’ve designed our software to be as flexible and customizable as possible, so it fits seamlessly into your operations.

Q: How does Vergent LMS handle compliance and regulatory updates?

A: With built-in compliance tools and regular automatic updates, you’ll always be confident that your business is operating under the applicable standards and rules.

Q: What integrations are available with Vergent LMS?

A: Our platform integrates with a wide range of tools, including credit decisioning engines, payment processors, collection services, and CRM platforms. Get in touch with us to learn more about how this software can fit into your existing tech stack.

Software Built With Short Term Lenders in Mind

At Vergent, we understand how challenging doing business can be for small dollar lenders. Between keeping up with regulatory compliance, struggling with inefficient processes and staying on top of customer retention, there’s a lot to juggle. That’s why we developed our installment loan management system to take as much of the burden off your shoulders as possible. Our comprehensive multichannel solution provides you with end-to-end capabilities, combining multiple functionalities without sacrificing anything.

Using our installment loan servicing software means you can adapt quickly to your specific regulatory requirements. You also will be able to streamline your operations through AI-driven automation for many tasks. In addition, our platform keeps you in touch with your customers with automated email and text messaging as well as comprehensive data on every interaction. Best of all, it’s completely configurable so you can have all the functions that make the most sense for your needs.