A Loan Management System (LMS) is a comprehensive platform designed to automate and manage the entire lifecycle of a loan. From origination to closure, an LMS provides tools and functionalities that streamline loan processes, ensure regulatory compliance, and enhance customer service. It is used by financial institutions like banks, credit unions, mortgage companies, and lending institutions to handle various types of loans such as personal loans, mortgages, auto loans, student loans, and business loans.
