Glossary entry
Loan management system (LMS)
A loan management system (LMS) is software used to service loans after origination, covering repayments, balances, statements, and ongoing account maintenance.
Category
Lending technology
Definition
LOS vs LMS
An LOS focuses on application capture, assessment, decisioning, documentation, and settlement. An LMS focuses on servicing once funded. Many organisations integrate both.
Integration considerations
- Clear handoff events and data mapping
- Reconciliation and evidence trails
- Error handling for failed provisioning
Related terms
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