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Editors’ Review

Download.com staff

LoanShark helps lenders keep work tidy, focusing on tracking obligations and reconciling receipts. With loan payment management and payment documentation, teams centralize activity and avoid scattered files. The goal is simple: make due dates visible, reduce handoffs, and keep proof of every action so staff move faster without losing detail.

LoanShark suits teams that value routine and control over flash. It supports predictable steps during intake and servicing, keeping actions traceable from approval to posting. Rails helps new staff onboard quickly, while consistent checklists improve productivity. By reducing spreadsheet drift and clarifying roles, it lowers errors and keeps lenders aligned.

Where this platform fits best

LoanShark, from Data Designs, is positioned as a mortgage and loan management tool for recording and documenting incoming payments. Its core mechanics emphasize payment recording that ties each receipt to a borrower account and multi-loan tracking to view obligations in one place. This keeps servicing steady: staff post entries, reconcile variances, and move on. The value story is predictable routines that reduce ad-hoc handling and preserve an auditable history.

User feedback on G2 is mixed. Several reviewers praise ease of managing loan information and convenient loan conversion options, while others report long support waits and ask for clearer monthly installment details. Some comments even discuss lending rates, suggesting a blurred line between platform and service expectations. Most visible reviews come from small businesses, so experiences may skew toward lean teams handling many tasks.

Teams needing straightforward payment-centric workflows may compare CloudBankin, Finflux, or Mortgage Automator for breadth beyond payment posting. Against those, this platform’s strengths are centralized tracking, reliable audit trails, and low training overhead; weaknesses include sparse public profile activity, few recent reviews, and a modest overall rating. Net-net, it fits small, process-driven lenders that favor simple, repeatable mechanics over expansive product configuration, provided stakeholders accept limited signals on vendor engagement.

  • Pros

    • Centralized tracking reduces manual reconciliation
    • Auditable history supports oversight and reviews
    • Low training overhead for new staff
  • Cons

    • Mixed public sentiment and mid-range rating
    • Sparse profile activity and few recent reviews
    • Reports of slow support and unclear installments

Bottom Line

Clear, payment-centric lending operations pick

LoanShark is best for teams that want disciplined, repeatable servicing rather than sprawling product configuration. Its focus on tracking obligations, documenting receipts, and posting consistently helps reduce errors and training time. Given mixed public sentiment, limited profile activity, and stronger all-around competitors, it works well as a simple, payment-first backbone — especially for small lenders — while larger shops should evaluate breadth, reporting depth, and support commitments before standardizing.

What’s new in version 7.0

  • Released version


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Full Specifications

GENERAL
Release
Latest update
Version
7.0
OPERATING SYSTEMS
Platform
Windows
Operating System
  • Windows 10
  • Windows 2000
  • Windows 7
  • Windows Vista
  • Windows XP
Additional Requirements
None
POPULARITY
Total Downloads
2,362
Downloads Last Week
7

Report Software

Program available in other languages


Last Updated


User Reviews

3/5

1 User Votes


Developer’s Description

Track and manage mortgage payments and loans.
Track monthly, biweekly, weekly, or random mortgage payment receipts. It features provisions for penalty or late-payment charges, balloon payments, additional principals, applied tax, and or insurance payments received and disbursed.

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