- LoanPro launched three new products spanning payments, card-based loan disbursement, and AI-assisted servicing: LoanPro DirectPay, Beyond Credit, and LoanPro MCP.
- The launches bring more of the lending lifecycle onto LoanPro’s platform, helping lenders reduce reliance on separate vendors and integrations for payments, disbursements, and servicing.
- LoanPro MCP allows lenders to connect AI agents to servicing workflows while applying the same permissions, compliance guardrails, and audit trails used for human employees.
Lending and credit platform LoanPro revealed its three newest launches this week. The Utah-based company unveiled multiple new products covering payments, card-based loan disbursement and AI-assisted servicing.
Among today’s launches are LoanPro DirectPay, Beyond Credit, and the LoanPro MCP (Model Context Protocol). The company also announced RiskRadar delinquency prediction, ongoing compliance monitoring, LoanPro Connect, full support for secured cards, and added two new payment partners, Moov and CheckAlt.
“Lenders have asked us for years to handle more of this for them, with one contract and one team to call,” said LoanPro CEO and co-founder, Rhett Roberts. “Payment processing, real-time card disbursement and AI guardrails are now built into LoanPro’s core, and all of it is live today. A lender can now get funds to a borrower on a Friday night or have an AI agent help service an account, and all of it stays inside LoanPro.”
LoanPro is rebranding its payments suite to LoanPro Payments, which centers around LoanPro DirectPay, the company’s payment processing service that moves about $4 billion per month in loan repayments and disbursements. Because LoanPro holds the loan and processing data in-house, loan officers can view the entire lifecycle of a payment, see why a payment failed, and process a dispute all on the same platform.
Beyond Credit is a virtual Mastercard through which lenders can disburse installment loan funds that borrowers can access via Apple Pay or Google Pay wallet. Lenders have control over where funds from the fee-free card are spent, and can limit card usage by merchant name, merchant ID, location, or merchant category code.
The company’s new MCP powers its Intelligence Suite, which gives loan servicing agents a summary of health indicators, recent activity, and suggested next steps for each account. Lenders can use the MCP to connect AI agents and models of their choice to LoanPro. Each action is also recorded in the audit trail under the name of the employee using the agent, giving lenders a way to introduce agentic AI into servicing while maintaining oversight and accountability.
Taken together, LoanPro’s new product launches show a push to consolidate more of the lending lifecycle onto a single platform. Bringing payment processing, real-time loan disbursement, servicing, and AI capabilities into the same environment will help LoanPro reduce the number of vendors and integrations lenders need to manage while giving them a more complete view of the borrower and loan lifecycle.
The MCP launch adds another dimension to LoanPro’s strategy to minimize third party partners because it allows AI agents to operate within the same permissions, compliance guardrails, and audit trails already used for human employees. As lenders move from using AI to summarize information toward allowing agents to actually take actions on accounts, that governance layer could become just as important as the AI models themselves.
“You will only ever drive as fast as you trust your brakes to stop you,” said LoanPro Chief Product Officer Colin Terry. “Lenders have spent years building controls around their human agents, and the LoanPro MCP runs through those same role-based access controls and compliance guardrails. We bring the context, the action and the trust. You bring the thinking, and you have an AI strategy in a box.”
Founded in 2015, LoanPro helps banks, auto lenders, and credit providers automate workflows, process payments, underwrite applications and manage collections. The company has participated in our developers conference, FinDEVr 2021, and demoed its loan management system at FinovateSpring 2021.