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Numerated

Full LOS

Numerated is a data-driven digital loan origination platform for business banking, acquired by Moody's in 2024, known for dramatically reducing manual data entry and proven at scale during the PPP lending surge.

Community and regional banks ($500M–$50B) that want to digitize business banking origination with automated data gathering, spreading, scoring, and document preparation

Banks
Small Business Commercial Equipment Cloud

Quick Facts

Company
Moody's
Founded
2017
HQ
Boston, MA
Best Fit
Small to Midsize
Pricing
SaaS subscription
Market
Widely adopted among U.S. community and regional banks; grew rapidly during PPP
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Overview

Numerated is a data-driven SaaS digital loan origination system for business banking, acquired by Moody's in 2024 to expand its lending technology solutions. The platform automates the end-to-end small business and commercial loan process — from data gathering and financial spreading to credit scoring and document preparation — dramatically reducing the manual work that relationship managers traditionally handle. Numerated gained widespread adoption during the PPP lending surge and has since established itself as the go-to digital origination layer for community and regional banks that want to modernize business banking without replacing their entire tech stack. Its integration into Moody's Lending Suite adds credit analytics depth.

Key Features

  • ▸ Automated data gathering from borrower financials and public sources
  • ▸ Digital financial spreading with automated analysis
  • ▸ Credit scoring and decisioning engine
  • ▸ Automated document preparation and generation
  • ▸ Digital borrower application portal
  • ▸ Relationship manager workflow and pipeline tools
  • ▸ Pre-filled applications using existing bank customer data
  • ▸ Integration with core banking and CRM systems
  • ▸ Portfolio monitoring and renewal automation
  • ▸ Moody's credit analytics integration

Pricing

What we know about Numerated pricing:

Custom pricing; estimated $75K–$300K/year for mid-size community banks

Like most enterprise LOS vendors, Moody's doesn't publish standard pricing. Quotes are customized based on institution size, loan volume, and module selection. We recommend requesting all-in three-year TCO quotes that include implementation, training, and ongoing fees.

Core Banking Integrations

Numerated offers pre-built integrations with the following core banking platforms:

FiservJack HenryFIS

Ideal Customer Profile

Asset Size
$500M–$50B
Loan Volume
Active small business and commercial lending portfolio
Staff Size
5–50 relationship managers
Best When
You want to digitize business banking origination quickly without a full LOS replacement, and you value automated data gathering and spreading

Pros & Cons

Strengths

  • ✓ Dramatically reduces manual data entry in business lending
  • ✓ Proven at scale during PPP — battle-tested under high volume
  • ✓ Now backed by Moody's financial stability and credit analytics
  • ✓ Fast implementation compared to enterprise LOS replacements
  • ✓ Strong focus on community and regional bank workflows

Limitations

  • ✗ Business banking focus only — no mortgage or consumer lending
  • ✗ Best as a digital origination layer, not a full-suite commercial LOS
  • ✗ Moody's acquisition may shift product direction toward enterprise
  • ✗ Less mature commercial credit analysis than Abrigo or Baker Hill
  • ✗ Limited traction outside the U.S. market

User Reviews & Reputation

Review scores and snippets from third-party sources. Ratings reflect aggregate user reviews and may change over time.

Frequently Asked Questions

How much does Numerated cost?
Numerated uses custom SaaS pricing estimated at $75K–$300K per year for mid-size community banks. Pricing varies based on institution size and the scope of business banking products being digitized. As part of Moody's Lending Suite, bundled pricing with Moody's credit analytics may be available.
Does Numerated integrate with Fiserv and Jack Henry?
Yes. Numerated integrates with all three major core banking platforms: Fiserv, Jack Henry, and FIS. It also integrates with CRM systems and can pre-fill loan applications using existing bank customer data, dramatically reducing manual data entry for relationship managers.
Is Numerated good for community banks?
Yes, Numerated is specifically designed for community and regional banks in the $500M–$50B asset range seeking to digitize business banking origination. It gained widespread adoption during PPP lending and is now established as a leading digital origination layer for small business and commercial loans.
Does Numerated replace a full commercial LOS?
Numerated is best described as a digital origination layer for business banking rather than a comprehensive commercial LOS. It excels at automating data gathering, spreading, and document preparation but may lack the depth of credit analysis and portfolio management found in full-suite platforms like Abrigo or Baker Hill.

Last updated: April 4, 2026

Looking for AI-powered underwriting that works alongside Numerated? Aloan integrates with any LOS.