Finastra Loan IQ vs Nortridge Loan System
Finastra Loan IQ
finastra.comNortridge Loan System
nortridge.comSide by side
| Figure | Finastra Loan IQ | Nortridge Loan System |
|---|---|---|
| Price from | — | $57/mo |
| Free plan | — | — |
| Free trial | — | — |
| Open source | — | — |
| Web | Yes | Yes |
| Windows | — | Yes |
| API | Yes | Yes |
| Self-hosted | Yes | Yes |
| Plans published | 1 | 9 |
| Spec score · Commercial Loan Software | 7.3 (#6) | 7.4 (#5) |
| Spec score · Loan Management Software | 7.4 (#14) | 7.6 (#13) |
| Company history | Finastra was formed in 2017 through the integration of Misys and D+H. | Nortridge Software says it has operated since 1981 and provides automation for lenders and loan servicers to originate, service, collect, and report on loan portfolios. |
| Deployment | Loan IQ supports on-premises and container-based cloud deployment, with hosting available through Finastra Lending Cloud Service. | Nortridge supports cloud-hosted and on-premise deployment models. |
| Headquarters | London, United Kingdom | Foothill Ranch, California, United States |
| Security | Finastra says its Lending Cloud Service offers protection against security and technology risks. | Nortridge describes end-to-end encryption, enterprise firewalls, nightly off-site backups, regular security scans, and SOC 2 certification for its cloud platform. |
| Support | Finastra Preferred Active Support offers priority case management, access to dedicated experts, diagnostic sessions, and pre- and post-go-live checks. | Phone support is available Monday through Friday from 6 a.m. to 6 p.m. Pacific, with user guides, community support, webinars, and training services. |
Plans
Nortridge Loan System
- Loan Origination System IntegrationPriced on request
- Read-Only User$57 a month
- Advanced Modules$115 a month
- SQL Data Table Access Setup$220, paid once
- SQL Data Table Access$280 a month
- Additional Full User$400 a month
- Loan Management System$1,200 a month
- Platform Setup & Database Configuration$1,750, paid once
- Enterprise LicensePriced on request
In their own words
Finastra Loan IQ
Finastra Loan IQ is a commercial loan servicing platform for banks, third-party asset servicers, and private credit lenders. It centralizes lending portfolios and supports onboarding, servicing, syndication, and trading across the loan lifecycle. Supported lending includes SME, bilateral, middle-market, complex, syndicated, SBA, asset-based, commercial real estate, project finance, and export finance loans. It handles payment-in-kind interest, non-pro-rata structures, unitranche facilities, and club deals. Payment scheduling, a borrower portal, and API access are available. Loan IQ Nexus links internal and external systems through Finastra-maintained open APIs. Deployment can be on premises or container-based cloud, with hosting through Finastra Lending Cloud Service, which uses Azure capabilities and OpenAPIs. Finastra describes built-in controls and automation for reducing errors and manual intervention. Preferred Active Support includes priority case management, dedicated experts, diagnostic sessions, and pre- and post-go-live checks. Pricing is on request.
Nortridge Loan System
Nortridge Loan System has no write-up on Specifiction yet; its figures are above.