Automate and streamline lending process.
Connect borrowers with short-term lenders.
Enable businesses' immediate cash flow.
Connect investors directly with borrowers.
Cloud based Payday lending platform.
Cloud based Invoice factoring platform.
Streamlined NBFC financial management.
Streamlined MSME Business Loan management.
Streamlined Microfinance management.
Quick and Easy Loan Estimator
Onboard Borrower faster then ever
Secure access to loan information
Manage loans and administrative tasks
Quick and Easy Loan Eligibility Estimator
See how Fastboard helps you better as compared to other No-Code Web Apps builder and compare pricing, features, reviews and more.
When choosing the right loan origination software for your business, it's important to compare platforms based on their features, user experience, and overall value. Below is an in-depth analysis of FastBoard and LendingWise, two popular loan origination systems that cater to different business needs.
FastBoard is a no-code loan origination platform designed for businesses that require customization and scalability. It allows users to build, integrate, and deploy loan origination solutions quickly, without needing advanced coding skills. FastBoard is ideal for those looking for a flexible and powerful platform with drag-and-drop tools.
LendingWise is an end-to-end CRM and loan origination software built specifically for lenders. It offers loan processing, underwriting, and servicing features in a unified platform, making it a robust solution for established financial institutions. LendingWise emphasizes automating workflows and providing lenders with tools to manage loans from application to servicing.
Both FastBoard and LendingWise are popular fin-tech platforms for building loan origination software. Here’s a breakdown of their key features to help you compare:
Empowering Loan Origination: No-Code Flexibility vs. Comprehensive Compliance Solutions
FastBoard focuses on ease of use by providing a no-code platform. Its drag-and-drop interface is perfect for users who want to quickly build loan origination apps without the hassle of complex coding. The platform is user-friendly and empowers businesses to customize their loan processes easily. FastBoard's emphasis on no-code development makes it an excellent choice for smaller businesses, startups, and growing fintech companies that need flexibility.
LendingWise Platform in contrast, is built with lending professionals in mind. While the platform offers a comprehensive set of tools for managing the entire loan lifecycle, its user interface has a steeper learning curve. Lenders may need to spend more time getting acquainted with the platform, but once accustomed, the workflow automation and built-in CRM streamline daily operations. LendingWise is better suited for large-scale institutions that prioritize efficiency and a structured loan process.
Streamlined Solutions: User-Friendly No-Code Design vs. Advanced Developer-Centric Customization
Both FastBoard and LendingWise are designed to handle loan origination processes effectively. They support various loan types, from personal and business loans to more complex lending scenarios. Both platforms offer workflow automation to streamline operations, enabling users to save time and improve accuracy in their loan processes.
Where they differ is in how these solutions are implemented. FastBoard allows for more customization and flexibility, especially for businesses that prefer a no-code environment. LendingWise, meanwhile, is highly specialized and offers more pre-configured features designed for lenders, but lacks the no-code flexibility of FastBoard.
FastBoard is ideal for companies looking for flexibility, customization, and ease of use through no-code capabilities. It's perfect for startups and businesses that want to quickly create and scale loan origination applications without deep technical expertise.
LendingWise, on the other hand, is the go-to choice for established lending institutions that need a full-featured CRM combined with robust loan origination software. It provides everything required to manage loans from start to finish, but it may require a larger budget and a more technical setup.
When it comes to choosing between FastBoard and LendingWise, the decision ultimately depends on your business needs. If you're a growing business seeking a solution that allows for rapid deployment and full customization, FastBoard is the clear winner. However, if you're an enterprise lender with a focus on efficiency and pre-built processes, LendingWise may be the better option.