Complete loan servicing software for private lenders in Australia
Automate your entire lending process with Biz Core’s complete LMS.
Table of contents
Who Is Biz Core Built For?
Biz Core is a loan servicing software package for private lenders that want a single, fully-integrated platform to manage the complete loan lifecycle. It enables you to manage everything from loan origination through to repayments, reporting, and collections.
Developed here in Australia for established non-bank lenders, Biz Core was designed to replace disconnected systems and manual spreadsheets with an end-to-end loan management system that includes all features off the shelf, with no lock-in contracts or per-module pricing.
If you’re a private lender looking to upgrade from a legacy system that no longer meets your business needs, book a Biz Core demo today and discover what we can do for your loan management operations.
Service a Range of Loan Types
Whether it’s personal loans, commercial loans, equipment loans, construction loans, or any other kind, Biz Core’s LMS is fully equipped with the tools to grow your business.
Simple Loan Servicing Software for Private Lenders
Built for private lenders in the Australian financial industry, Biz Core is here to provide you with a complete loan servicing and processing solution.
Biz Core supports private lenders to:
- Save time, money, and effort all while providing a better lending experience for customers.
- Streamline the loan process by identifying and removing bottlenecks leading to faster loan turnaround times.
- Manage their entire portfolio on a simple digital platform. The system and data are accessible at any time from anywhere and updates occur in real-time.
- Eliminate slow and messy paper applications in favour of fast, accurate, and secure digital applications.
Loan Lifecycle Automation
Biz Core provides everything a fixed-rate or variable-rate loan lender needs in a loan servicing software platform. From start to finish, you will have the tools you need to service each stage of the loan lifecycle.
Process automation tools for fixed-rate and variable-rate personal loan lenders include:
- Payment scheduling and processing
- Automatic SMS/email notifications and alerts
- Daily reports
- Workflow automation
- Loan status updates
- Customer contact history
- Manage entire portfolio
- Collections management
Improve Customer Experience
Digitising both your loan book and the management processes as a private lender gives you more time to provide the best customer service in the lending industry. Biz Core’s simple and user-friendly system allows your team to stay on top of everything and work more efficiently.
Take advantage of the Client Portal and allow customers to sign in and check their loan payments themselves. That way, you can reduce the fielding of questions about scheduled payments, transactions, and remaining loan balance.
Integrated Payment Processing
Collect automatic recurring payments with ease. With e-signatures and prefilled API information from your online application form, Biz Core makes setting up automatic payments simpler and more secure than ever for both you and your customers.
By setting up automatic recurring payments with your customers, your business will benefit from a steady and reliable cash flow. You’ll be able to monitor and track your revenue with up-to-date reports, data dashboards, and a forecast of scheduled transactions. Plus, offer your customers more payment choices with flexible payment plans – weekly, fortnightly, or monthly.
Document Storage & Data Security
To build trust with your customers and operate a truly secure lending business, managing document storage and data security effectively is essential.
At Biz Core, we have you covered with our state-of-the-art security infrastructure powered by Microsoft Azure. Our cloud-based SaaS will ensure that any collecting, processing, and storing of customer information is secure and easily accessible.
Contact Biz Core today to find out how we can keep you and your customers secure.
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Why Use Biz Core Loan Servicing Software for Private Lenders?
Private lending businesses across Australia can benefit greatly by implementing Biz Core as their lending management platform of choice. Whether you’re looking to replace legacy systems that have been in place for too long, or are considering making the switch from an alternative LMS, here are some of the numerous ways that Biz Core can benefit private lenders.
Security
Biz Core safeguards your data using the multilayered Microsoft Azure Cloud Security. It comes with built-in security controls and real-time global cybersecurity intelligence to rapidly identify and stop new threats.
Improve Organisation & Consistency
With a built-in workflow process, your staff and clients can rely on an efficient, pain-free application assessment and approval process.
Eliminate Human Error
With a seamless and automated process to follow, you don’t have to worry about data entry mistakes holding you back. By tracking every step, you can build trust in your business management and processes.
Data Visualisation & Daily Reports
Track your daily applications, transactions, and leads. And view your monthly revenue all on the same page.
Easy Integration
No need for third-party solutions; we have the tools to integrate all phases of the loan process into one simple and user-friendly management system.
Real-Time Control
Make live changes as you work. Real-time data to keep you in the know and in control.
Loan Management Software for Private Lenders
At Biz Core, we appreciate that the best private lenders across Australia value a client-centred approach to loan management; one that benefits both the business and customers alike. We’ve built our lending software specifically around those needs, with an adaptable and scalable lending management solution that will help your business reach new heights.
Loan Life Cycle
A complete end-to-end lending platform to support you through every stage of the digital lending journey.
Loan Book Management
Our simple and intuitive system makes loan book management easy. Single-point customer records, payment automation, and cash flow visualisation are just the beginning.
Loan Servicing
Streamline the loan servicing process and keep things running smoothly. Our loan servicing features are built to save you time, money, and effort.
Loan origination
Get customers onboarded faster with fast processing, unlimited cloud storage, e-signatures, automation, and more.
Private lenders FAQs
View all FAQsWhat software can private lenders use to manage the whole loan lifecycle?
For established private lenders in Australia who want to replace their legacy system and streamline their loan management practices, Biz Core ticks all the essential boxes. With our all-encompassing LMS, we can help you manage every step of the loan lifecycle. Unlike many of our competitors, we’ve included all features as standard with no lock-in contracts, and a dedicated local support team available from day one.
Is private lending legal in Australia?
Yes, private lending is legal in Australia. However, private lenders must comply with relevant regulations depending on the nature of their lending activity. Consumer lending is governed by the National Consumer Credit Protection Act 2009 (NCCP Act), which requires lenders to hold an Australian Credit Licence (ACL) issued by ASIC. Business/commercial lenders practise under a different regulatory framework with fewer requirements, but lenders should seek independent legal advice to confirm their obligations before commencing operations.
What CRM do loan officers use?
Many private lenders in Australia use general-purpose platforms like Salesforce or HubSpot. However, because these tools are not purpose-built for lending, they typically require major and costly customisation to handle complex loan workflows. An all-in-one loan management system like Biz Core provides built-in CRM functionality seamlessly unified with loan origination, servicing, automated payments, and reporting. This eliminates the hassle of disconnected systems and provides lenders handling volume a single, highly efficient source of truth.