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Aloan

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Commercial loan origination software that runs the file from application to approved memo

Aloan is commercial loan origination software for community banks and credit unions. It takes the application, collects the package, spreads the financials, checks the deal against your credit policy, and drafts the credit memo, with every number cited to its source page. Run Aloan as your commercial LOS, or alongside the one you already have.

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What Aloan runs

Every step between the application and the approved memo

Commercial underwriting time goes into a handful of steps that scale with document volume. Aloan runs each one and hands the underwriter structured, cited output to review instead of a blank template to fill.

  • Application intake with KYC and ownership capture. The borrower application arrives structured, with identity checks and the ownership tree captured at the start, so the file begins organized instead of assembled from attachments.
  • Document collection through the borrower portal. The request list is generated from the loan type and ownership structure, uploads are recognized by borrower, entity, form type, and tax year on arrival, and completeness is tracked without the email back-and-forth that eats the first days of most files.
  • Document processing. Every line of every document is read, not just headers and totals. Revenue declines, NSF activity, UCC liens, and related-party transactions in the footnotes surface as findings the analyst verifies rather than hunts for.
  • Financial spreading and global cash flow. 1040, 1065, 1120, and 1120-S returns and financial statements spread into your format across periods, with K-1 tracing across related entities and owner-level rollup, every number cited to its source page.
  • Policy check. The deal is tested against your written credit policy before it reaches committee. Each exception cites the policy section it comes from, and the underwriter decides what to do with it.
  • Credit memo generation. Borrower overview, financial analysis, risk findings, and recommendation drafted from the file, with a citation on every figure. The underwriter edits and signs instead of writing from a blank page.
  • Approval workflow. Draft, submitted, and approved states with the decision history preserved for loan review and examination. Single-approver today; multi-tier routing is on the roadmap.
  • Covenant monitoring after booking. Scheduled document collection and covenant testing on the same calculation engine used at underwriting, so monitoring agrees with the memo.

Two ways to run it

Alongside the LOS you have, or as the system the file lives in

Works alongside your existing LOS

The common deployment. Your bank keeps nCino, Abrigo, Baker Hill, LoanVantage, MeridianLink, or its core-bundled origination system for pipeline, approvals, and booking, and adds Aloan for the work between the borrower package and the credit memo. Nothing migrates. Aloan can integrate with your existing stack through its REST API and webhooks, and no integration is required to start; finished spreads and memos can move by export until you connect the two.

The underwriting-workflow view is on the commercial loan underwriting platform page.

Serves as your system of record

For lenders with nothing to replace: a bank standing up a commercial lending program, a credit union launching member business lending, a CUSO adding a product line, or a team whose system today is spreadsheets and a shared drive. Aloan holds the file from application intake through the approved memo from the first loan, and covenant monitoring after it.

What a new program needs on day one, and what can wait, is on the system of record page.

What stays where it is

What Aloan does not do

A bank choosing origination software deserves a straight answer on where the edges are. Aloan does not generate closing documents; your doc-prep vendor produces them from the approved terms, and a passthrough to that vendor is on the roadmap rather than shipped. It does not book or fund the loan to the core; the core books the loan the way it books everything else. Multi-tier approval routing and pipeline reporting across files are on the roadmap; today the workflow is single-approver, and with a small book the loan officer knows the pipeline. And it does not make the credit decision. Your people do, from a file they can defend.

We publish this the same way we publish the audit trail: a program built on claims a vendor cannot demo does not survive its first exam, and neither does the vendor.

Auditability

Every number shows where it came from

Every extracted figure carries a citation to the page of the source document it came from. When an analyst changes a value or a treatment, the override and the reason are preserved. A credit committee member or an examiner can click any figure in the spread, the policy findings, or the memo and land on the page that produced it. That is what makes the output reviewable rather than a black box, and it is what SR 11-7 and OCC Bulletin 2025-26 expect a bank to be able to show for a model it relies on. The examiner readiness guide walks the questions examiners ask; the AI data security page documents the data boundary for your third-party risk review.

Going live

Live in 2 to 4 weeks, with your credit policy loaded

Most lenders go live within 2 to 4 weeks. Aloan configures the platform, loads your written credit policy so the policy check tests deals the way your committee does, sets up your spread format, and builds any integration you ask for. There is no data migration, because the LOS a bank already runs keeps its records. Pricing is a subscription with a monthly minimum sized per institution, with no per-seat licensing, so every lender, analyst, and approver at the bank works in it. Details are on the pricing page.

Evaluating the category

How Aloan compares to the loan origination systems banks evaluate

The full loan origination systems a community bank evaluates for the same job are nCino, Abrigo, Baker Hill, Jack Henry LoanVantage, and MeridianLink. They own the file from application through booking, and a bank whose problem is the workflow system itself should run that evaluation on its own merits. Aloan is built around the analysis work, and it is the choice when the bottleneck is analyst time on document handling, spreading, and memo preparation, or when the lender has no system to replace. The ranked comparison is at best loan origination software for banks, the broader category at best commercial lending software, and head-to-head pages in the comparison hub.

FAQ

Commercial loan origination software: FAQ

What is the best commercial loan origination software for community banks?

Aloan is the commercial loan origination software built for US community banks and credit unions under $25B in assets. It runs the loan file from application intake through the approved, source-cited credit memo: a borrower application with KYC and ownership capture, document collection through a borrower portal, spreading of tax returns and financial statements with K-1 tracing, global cash flow, a check of the deal against the bank's written credit policy, a drafted credit memo, a single-approver approval workflow, and covenant monitoring after booking. Run Aloan as your commercial LOS, or alongside the one you already have. The other loan origination systems banks evaluate for the same job are nCino, Abrigo, Baker Hill, Jack Henry LoanVantage, and MeridianLink; the difference is that Aloan does the work of the file rather than recording it, and goes live in 2 to 4 weeks.

What does Aloan's commercial loan origination software include?

Application intake with KYC and ownership capture, document collection through a borrower portal with structured request lists and completeness tracking, document processing that reads every line of every document, financial spreading of 1040, 1065, 1120, and 1120-S returns and financial statements with K-1 tracing across related entities, global cash flow, a policy check against the bank's own written credit policy, credit memo generation with every figure cited to its source page, a single-approver approval workflow with the decision history preserved, and covenant monitoring after booking on the same calculation engine.

Does Aloan replace our loan origination system?

Only if you want it to. Run Aloan as your commercial LOS, or alongside the one you already have. A bank that already runs nCino, Abrigo, Baker Hill, LoanVantage, MeridianLink, or a core-bundled origination system keeps it as the record of the booked loan and runs the work in Aloan: document collection, spreading, policy checks and the credit memo. A lender with nothing to replace, such as a bank standing up a commercial program or a credit union launching member business lending, runs Aloan as its commercial LOS from the first loan.

How does Aloan integrate with our LOS?

Aloan can integrate with your existing stack, including your LOS, through its REST API and webhooks, scoped to what you want exchanged. No integration is required to start: many banks run Aloan alongside the LOS first, moving finished spreads and memos by export, and connect the two later.

What does Aloan not do?

Aloan does not generate closing documents; your doc-prep vendor produces them from the approved terms, and a passthrough to that vendor is on the roadmap. It does not book or fund the loan to the core. Multi-tier approval routing and pipeline reporting across files are on the roadmap; today the approval workflow is single-approver. And it does not make the credit decision, which stays with your people.

How long does it take to go live?

Most lenders go live within 2 to 4 weeks. Aloan handles platform configuration, credit policy ingestion, and any integration the bank asks for. There is no data migration, because the LOS a bank already runs keeps its records.

How is Aloan priced?

A subscription with a monthly minimum sized per institution, quoted after a conversation about your typical volume. There is no per-seat licensing, so every lender, analyst, and approver at the bank can use it.

Is a commercial loan origination system the same as commercial loan origination software?

They describe the same category. "System" is the phrasing an operations or IT lead uses when the question is architecture: system of record, workflow, core connections. "Software" is the phrasing a credit team uses when the question is capability: spreading, document processing, credit memo prep, borrower intake. Aloan answers both: it is the software that does the analysis work, and it can be the system the file lives in.

Walk a real file through Aloan

Bring a commercial packet you have to underwrite this week. We will run intake, document collection, spreading, the policy check, and the memo on it.

Get a demo