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Choosing finance broker software

finance broker software
By Sylva Sivz BComm. Reviewed by: James Rose. Last Updated July 22, 2024

Whether you spend your days dealing with mortgages, personal loans, business loans, or insurance, your typical day as a finance broker no doubt involves a mix of client interaction, financial analysis, and administrative tasks. It only makes sense to rely on finance broker software to improve your efficiency, accuracy, and client service. 

Perhaps you already use a tool you’re happy with, or maybe you’re looking to explore what else is out there. Either way, this post is for you. We’ll share the benefits of using modern finance broker software and some top options on the market. 

Read on to discover how to achieve greater efficiency, maximize client satisfaction, and cover your compliance bases in your highly regulated industry. 

Finance broker software

Why you need finance broker software 

Let’s chat a little bit about what dedicated finance broker software can help you accomplish touching on some common software features typically offered in popular software and how they benefit you.

Centralizing information

Finance broker platforms store all client information, documents, and transaction records in one centralized database, making data retrieval and management more efficient.

Saving time on repetitive tasks

Automation features streamline tasks like data entry, document gathering, and loan processing, enabling you to handle more clients and transactions without compromising service quality.

Improving workflows

Task management and scheduling tools help organize daily activities, plan capacity, prioritize tasks, and meet deadlines efficiently.

Reducing errors

Automation minimizes costly errors from manual data entry and calculations, ensuring accurate data processing.

Personalized communication

CRM features automate client communications like follow-up emails, status updates, and personalized messages, enhancing client engagement and service.

Faster loan processing

Automated systems expedite loan applications and financial transactions, leading to quicker turnaround times and higher client satisfaction.

Reducing operational costs
Automating tasks reduces manual labor and costly errors, resulting in significant operational cost savings.

Scalability

Automation allows seamless scaling of operations, managing more clients and transactions without a proportional workload increase.

Staying competitive

Leveraging technology to improve efficiency and service quality differentiates brokers from competitors, attracting more clients and building a stronger reputation.

Analyzing business performance

Automated reporting tools provide insights into business performance, client trends, and market opportunities, facilitating informed decision-making.

Regulatory compliance
Software automates compliance checks and documentation, ensuring regulatory adherence and reducing the risk of penalties. It also maintains detailed audit trails for regulatory audits and internal reviews.

5 examples of leading finance broker software 

We’ve picked 5 finance broker software solutions for you to explore. These tools provide a broad range of functionalities to support finance brokers in managing different types of financial products and services efficiently. 

1. LoanPro - for complete configurability 

Loan pro finance broker software

LoanPro is a comprehensive loan management and servicing software designed for various types of loans, including personal, auto, business, and equipment financing. It offers features like loan origination, payment processing, and compliance management, making it suitable for finance brokers handling multiple loan types.

The platform is suitable for: 

  • Financial institutions
  • Consumer lending
  • Business lending
  • Auto Lending
  • Neobanks

LoanPro prides itself on being an incredibly intuitive and configurable program compared to legacy systems. With a big emphasis on being API-first, it’s built to integrate easily with most industry tech stacks. 

2. Salestrekker - for easy data entry flows  

Salestrekker finance broker software

Although often used by mortgage brokers, Salestrekker is versatile enough to handle various financial products, including personal loans and business finance. It offers CRM capabilities, lead management, and workflow automation to streamline the entire brokering process.

Salestrekker caters to:

  • Lenders
  • Aggregators
  • Mortgage brokers 
  • Finance brokers

Salestrekker offers extensive data entry flows specifically built for the industry. Its tools work to provide you with a list of the best product options based on data entered, will run analysis to check applicants' capabilities, and will allow you to do comparisons and scenario analysis. The platform also automatically generates relevant compliance questions and documents for your applications, helping you save plenty of time on administrative work. 

3. Calyx Software - for packaged solutions 

Calyx finance broker software


Calyx Software caters to mortgage brokers but also supports other loan types such as personal and commercial loans. It provides tools for loan origination, processing, and management, along with compliance tracking and document management.

Calyx Software prides itself on being one of the most user-friendly and aesthetically appealing software solutions on the market. It offers a suite of 3 dedicated solutions depending on your needs:

  • Zenly - Everything a broker needs to efficiently complete a full mortgage application and deliver it, with accompanying documentation, to a wholesale lender.
  • Point - With Point, financial institutions have everything they need from prequalification through origination and processing with all the features, forms, and reports needed to get more done, faster.
  • Path - A cloud-based LOS is designed to meet the dynamic needs of enterprise-level financial institutions and mortgage bankers.

It also offers two more solutions for banks and financial institutions. 

4. Infinity Software - for short-term lending

Infinity software

Infinity software  

Designed for brokers handling equipment and commercial financing, Infinity Software provides tools for lease management, loan processing, and client relationship management. It helps brokers manage their portfolios, track deals, and ensure compliance with industry regulations.


Infinity software is designed for the short-term lending industry. It’s also built specifically to meet the needs of alternative credit lenders. The platform gives you the flexibility to configure unique rules around every state, store, portfolio, area, loan, and product. You can also configure interest rates, payment schedules, fees, custom underwriting, and the list goes on.

5. Content Snare - for client intake and document management

Content Snare

Content Snare is a data collection tool brokers use to streamline data collection from clients. Rather than having to read through long email threads and chase clients for income statements, payslips, and other documents needed for borrowing, you can instead use Content Snare to simplify how you gather this information and collect it all in one place. 

The tool helps you build customized questionnaires to send to your client. You can even choose to save time by using one of its templates. From there, all you have to do is send the questionnaire to your clients to complete by a certain deadline. Content Snare will even remind the client to get their responses to you on time.

Content Snare finance template

Content Snare also helps you reduce delays in the loan process by helping you catch the times when clients submit the wrong information to you. With approve/reject/comment features in the platform, you can quickly notify a client if their documents are out of date, illegible, or if the information they’ve submitted is insufficient. 

With Content Snare, your clients will never be in doubt about what’s needed. And your team will always know the status of the application process. 

Looking for mortgage broker software tools?

We have a couple of other posts dedicated to mortgage professionals seeking mortgage software. 

Process loans faster with Content Snare 

Speed up client intake, prevent errors, and collect borrower documents in half the time with Content Snare. 

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Key things to consider when choosing your software

There are plenty more options to consider on the market. Before investing in finance broker software, consider these three key factors:

1. Feature set and customizability

Make a list of must-have features based on your organization’s specific needs. Make sure that the software you choose has all of those essential features, whether that’s document management, compliance tracking, or commission tracking. 

Secondly, spend some time understanding whether or not the software can be customized to your liking and to the way you run your business. Dig in to see if it’s possible to customize your reports, workflows, or dashboard according to what you need most. 

2. Integration and compatibility

Make sure that the software you go for can seamlessly integrate with your current tools and systems, such as CRM platforms, email services, and accounting software. This helps in maintaining a smooth workflow and prevents data silos.

Also be sure to verify that the software is compatible with your operating system, devices, and any other technology infrastructure you use. Consider whether it supports mobile access if you need to work on the go.

3. Security and compliance

Evaluate the software’s security features to protect sensitive client information. Look for encryption, secure data storage, and user access controls. Ensure the software helps you comply with industry regulations and standards, such as GDPR, HIPAA, or specific financial regulations relevant to your region. The software should provide tools for maintaining detailed audit trails and compliance documentation.

Taking these factors into account will help you choose a finance broker software that meets your needs, integrates well with your existing systems, and ensures the security and compliance of your operations.

Process loans faster with Content Snare 

Speed up client intake, prevent errors, and collect borrower documents in half the time with Content Snare. 

Start your free trial

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Sylva Sivz

Sylva Sivz is a seasoned copywriter here at Content Snare, based out of Vancouver, Canada. She has spent years working in agency environments and moonlights as a touring house DJ!

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