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SparkLMS VS DocMagic

Compare SparkLMS VS DocMagic and see what are their differences

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SparkLMS logo SparkLMS

Streamline loans effortlessly with Loan Management Systems. Our loan servicing software offers solutions for efficient loan tracking, processing, & servicing.

DocMagic logo DocMagic

DocMagic is a web-based platform that is used to digitalize your mortgage and payment process by offering you tools that are easy to use and simple.
  • SparkLMS Loan Management Software
    Loan Management Software //
    2024-03-16
  • SparkLMS E-Sign
    E-Sign //
    2024-03-19
  • SparkLMS Integration
    Integration //
    2024-03-19

SparkLMS is a unified loan management suite, encompassing Lead Management, CRM, Loan Product Management, Underwriting, Loan Origination, Collections and Reporting.

It is perfect solution designed for short-term and micro-loan lending industry designed for lenders to manage their Payday, Instalment, CAB/CSO, Auto Title and Line of Credit Portfolios from a single platform.

Built from the ground up for the cloud, SparkLMS lowers costs and reduces hassle for IT. One data model spanning back office financials to customer records provides complete visibility and simplified integration.

As a fast-growing lender, you need a modern, agile business solution that is cost-effective, scales rapidly and future-proofs your company for long term innovation and growth.

You could be a lender wanting your own software or a lender getting started with the business looking for a cost effective solution, SparkLMS is the way to go!

  • DocMagic Landing page
    Landing page //
    2022-07-28

SparkLMS

Website
sparklms.com
$ Details
paid
Platforms
Node JS ReactJS MS SQL
Edit details

DocMagic

Website
docmagic.com
$ Details
-
Platforms
-
Edit details

SparkLMS features and specs

  • Web based LMS with multi-tier architecture: Yes
  • Customer facing website with integrated Loan Application: Yes
  • Supports Instalment Loan and Short-Term Loan Products as demonstrated: Yes
  • A comprehensive dashboard with a snap-shot view of KPIs and metrics: Yes
  • Lead Acquisition, Tracking and Management with API for Lead Providers: Yes
  • API for marketing website integration and organic leads: Yes
  • Self-contained Lead Insert Feature for CSRs to insert lead into the system: Yes
  • Hierarchy based 3 Level of User Profiles: Yes
  • Manage Portfolio, Products and Campaigns: Yes
  • Support for multiple payment methods like ACH, RCC, Cash, Card and Check: Yes
  • Extensive Analytics and Reporting: Yes
  • Interface for Messaging, Email and Notes: Yes
  • Search functionality with multiple filter options: Yes

DocMagic features and specs

No features have been listed yet.

SparkLMS videos

+ Add

Overview of Loan Management Software

DocMagic videos

+ Add

Total eClose by DocMagic - End-to-End eClosing Solution

More videos:

  • Tutorial - How to Use DocMagic Integration in LendingPad LOS?

Category Popularity

0-100% (relative to SparkLMS and DocMagic)

SparkLMS

DocMagic

Fintech
14 14%
Fintech
86% 86
Finance
14 14%
Finance
86% 86
Loan Management
100 100%
Loan Management
0% 0
ERP
4 4%
ERP
96% 96

Questions and Answers

As answered by people managing SparkLMS and DocMagic.

What's the story behind your product?

SparkLMS's answer

A group of Seasoned professionals having prior experience in the lending industry trying to provide a robust LMS addressing the gaps and issues faced by the lenders.

Why should a person choose your product over its competitors?

SparkLMS's answer

As a rapidly growing lender, you need a modern loan management system that offers scalability, cost-effectiveness, and future-proofing for long-term innovation and growth. Whether you're a seasoned lender looking for a new loan management system or a lender just starting out, SparkLMS is the optimal choice.

Which are the primary technologies used for building your product?

SparkLMS's answer

Node, React, Microsoft Technologies & MS SQL.

Who are some of the biggest customers of your product?

SparkLMS's answer

As per the agreements and the general directives followed in the industry, we cannot disclose customer names.

How would you describe your primary audience?

SparkLMS's answer

Our Primary focus is on 5 different types of lenders. 1) Small and medium sized lenders 2) Lenders just getting started 3) Lenders planning to migrate from legacy LMS 4) Lenders migrating to Online from Brick & Mortar 5) Lenders planning to have their own LMS

What makes your product unique?

SparkLMS's answer

Built from the ground up for the cloud, SparkLMS provides a cost-effective, hassle-free solution that lowers IT costs and offers simplified integration. The platform features a single data model that spans back-office financials to customer records, providing complete visibility and enhanced data management.

User comments

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What are some alternatives?

When comparing SparkLMS and DocMagic, you can also consider the following products

LoanPro - LoanPro is a web-based loan management software solution that is used to generate a dynamic portfolio and seamlessly automate your processes.

MBS Highway - MBS Highway is a web-based loan or mortgage management software solution that allows you to connect all your parties and stakeholders and helps you to complete the process quickly.

The Mortgage Office - The Mortgage Office is a web-based loan serving platform that allows you to automate your loan process and close the loan deals quickly.

Qualia - Qualia empowers organizations to deliver seamless consumer experiences across all devices, from intent to conversion.

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