Lokta vs The Mortgage Office
Lokta
lokta.aiThe Mortgage Office
themortgageoffice.comSide by side
| Figure | Lokta | The Mortgage Office |
|---|---|---|
| Price from | Free | — |
| Free plan | Yes | — |
| Free trial | — | — |
| Open source | — | — |
| Web | Yes | Yes |
| Windows | — | Yes |
| macOS | — | Yes |
| Linux | Yes | — |
| API | Yes | Yes |
| Self-hosted | Yes | — |
| Plans published | 5 | 1 |
| Spec score · Loan Management Software | 8.9 (#3) | 7.1 (#21) |
| Integrations | Ready integration examples include Digio, Cashfree, Gupshup, SMTP email, Tally and bureau reporting, while each provider is mapped and tested for the deployment. | The vendor says the platform integrates with QuickBooks and other systems, and provides an open API for connections such as Salesforce. |
| Support | Starter includes bureau reporting, email support and phone support, while Enterprise offers dedicated engineering support. | The vendor offers a customer support team, AI-driven chat, a knowledge base, implementation and training support, seminars, and webinars. |
| What it does | Lokta combines loan management, accounting, servicing, collections and reporting on one governed platform for banks, NBFCs, fintech lenders and lending service providers. | The Mortgage Office is a web-based platform for managing loan origination and servicing through payoff. |
Plans
Lokta
- Lokta Next 100Free
- Starter (Lokta Next 100)Free
- Lokta Next 100 after free term₹1 a month
- Scale-up$100 a month
- EnterprisePriced on request
The Mortgage Office
- The Mortgage Office (loan management platform)Priced on request
In their own words
Lokta
Lokta is an agentic loan servicing platform for work after loan approval, including servicing, monitoring, collections, and recovery. It supports personal, consumer durable and BNPL, vehicle and EV, home, loan-against-property, business/MSME, and supply-chain or invoice-finance books. Agents propose actions; a deterministic core checks policy and approvals before changes reach the ledger.
The platform connects to NACH and UPI rails, payment aggregators, core banking and escrow, credit bureaus, co-lending partners, collection agencies, and WhatsApp. Each feed is risk-rated and tested in a controlled path before it can write to a live book. Deployment options include AWS, Microsoft Azure, Google Cloud, on-premises, or a customer virtual private cloud. Stated controls include role-based access, maker-checker workflows, audit trails, tenant-separated databases, field-level PII encryption, TLS, and optional mTLS.
The Mortgage Office
The Mortgage Office is a cloud platform for managing loans from origination through payoff. Its origination tools handle applications, underwriting, approvals, documents and funding, then transfer funded loans to servicing without data re-entry. Servicing supports automated payments, interest and escrow calculations, investor accounting, construction draws and regulatory reporting. The platform also covers payment processing, fee calculations, accounting, reporting, compliance tools, and fund and investor management. Borrower and investor portals provide access to account information, documents, statements and payment activity. Supported loans include conventional, commercial, construction, adjustable-rate, HELOC, rehab, DSCR, bridge, auto and equipment loans. The vendor also lists performing and non-performing loans and complex structures. Integrations include QuickBooks and other systems, with an open API for connections such as Salesforce. The platform is web-based and requires no installation when accessed from a device with a high-speed internet connection. The vendor states it maintains SOC 2 Type II compliance and uses Azure managed encryption for data in transit and at rest. Pricing is available from sales on request.