Fundingo
Last Updated
Overview
Fundingo streamlines loan management for alternative lenders by centralizing origination and servicing within the Salesforce ecosystem. However, post-implementation customization is sometimes limited by its managed package structure. Nonetheless, the platform simplifies complex underwriting and provides exceptional pipeline visibility, ensuring teams manage deal flow with speed and accuracy.
Fundingo Specifications
- Financial Reporting
- Invoice Management
- Expense Tracking
- Tax Management
Fundingo Features
Syndication Tracking
Fundingo features the management of multi-lender deals by automating syndication tracking and investor reporting. Users can manage fractional ownership, track individual investor contributions, and automate the distribution of repayment waterfalls. This ensures transparency and accurate accounting for all stakeholders involved in a syndicated loan.
Automated Offer Generation
Using the built-in Offer Wizard and Pricing Matrix, lenders can instantly generate multiple pricing scenarios based on specific risk factors and credit policies. This tool eliminates manual calculations, allowing sales teams to present accurate, compliant term sheets and payment options to borrowers immediately after underwriting approval.
Digital Borrower Portal
The platform offers a secure, custom-branded portal where borrowers can submit applications, upload required stipulations, and view their loan status in real-time. This self-service capability reduces administrative overhead for loan officers and accelerates the document collection process, significantly improving the overall customer experience.
Automated Underwriting
Fundingo incorporates a rules-based engine that automates the verification of credit, income, and deal-specific criteria. By removing manual underwriting tasks, the system generates pricing options and offer letters in minutes. This speed allows lenders to make data-driven risk decisions quickly while maintaining consistent compliance standards.
Pros And Cons of Fundingo
Pros
Supports seamless Salesforce ecosystem integration
Offers comprehensive pipeline visibility
Enables automated funding submission wizards
Cons
Occasional downtime may disrupt operations
The interface may require optimization
Fundingo Reviews
Total 2 reviews
4.5
All reviews are from verified customers
Rating Distribution
5
Stars50%
4
Stars50%
3
Stars0%
2
Stars0%
1
Stars0%
Share your experience
Small Business, 11-50 employees
“powerful fit for lending teams”
Pros
From the start it already lined up well with how we handle both origination and servicing which helped us get up and running in a short amount of time. The onboarding was modified to what we needed and it managed the process closely to make sure we were live by our target date. People across our entire company use it every day and I genuinely think it gives us a competitive edge.
Cons
After launch some changes simply aren't possible since it's a managed application and they have to balance requests against the needs of other customers as well. It really depends on the type of change being asked for although we have still been able to roll out a handful of updates after installing.
Rating Distribution
Ease of use
10
Value for money
10
Customer Support
10
Functionality
9
Small Business, 11-50 employees
“flexible loan views”
Pros
Managing client loans is much more organized with this system since it offers several different ways to view and sort everything.
Cons
The user interface could be more user friendly and work more efficiently.
Rating Distribution
Ease of use
8
Value for money
8
Customer Support
8
Functionality
8
Frequently Asked Questions
Does Fundingo offer an API?
Yes, Fundingo offers API access.
Does Fundingo have a mobile app?
No, Fundingo does not have a dedicated mobile app.
What types of Fundingo pricing plans are available?
Fundingo offers subscription-based pricing starting at $975/user/month; for a custom Fundingo price, contact us.
What language does Fundingo support?
Fundingo is available in English.
Who are the typical users of Fundingo?
Typical users include financial service providers, private lending, real estate lending, small business lending, and community-based lending services.
What other apps does Fundingo integrate with?
Fundingo integrates with multiple systems and platforms, including Dropbox, Linkedin, Five9, Pardot, and Experian.
What level of support does Fundingo offer?
Fundingo offers customer support via phone, email, chat, and an online ticketing system to address user queries.