LendingPad

Loan origination system for mortgage brokers and lenders

About LendingPad

LendingPad is an innovative, secure & powerful cloud-based mortgage loan origination system (LOS) created by mortgage banking professionals to optimize the complex loan origination process today. LendingPad is endorsed by NAMB, AIME, an MBA member, and a winner of the 2019 HW's Tech100 award. Designed for bankers and brokers alike, it is fully integrated with vendors, offers the ability to customize, intuitive UI, easy setup, multi-user same-file edits, and real-time loan pushed updates.

For brokers, LendingPad can be used to originate loans from anywhere that has internet connection. Users can integrate with third party lead providers to connect with and manage leads in real time, and data can be gathered from consumer online portals, retail branches, in-house loan officers, and call centers. Lender edition offers secondary, underwriting, closing, funding and post closing functionalities, For institutions, a range of customization features is offered to maximize operating efficiency and connectivity.


Key benefits of LendingPad

  • Manage compliance with LendingPad licensing compliance configuration and standard compliance rules, and ensure data is protected with security measures including SSAE16 reports.

  • Control day-to-day tasks and processes with customizable workflows, forms, and business logic which can be configured to fit the needs of individuals and teams.

  • Access a large number of service providers and third party partners such as lead providers or secondary market investors through the LendingPad network which can be accessed by all users of LendingPad.

  • Benefit from real-time connection to lead providers, campaign management tools, loan tracking, and real-time loan pushed updates through the LendingPad system.

  • Gain insight into business metrics with customizable, real-time reporting and dashboards for an at-a-glance overview of all channels.

  • Images

    LendingPad Software - The analytics dashboard provides reports on key performance indicators and loan statistics
    LendingPad Software - Users can originate and access loans from anywhere using the LendingPad platform
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    LendingPad Software - The analytics dashboard provides reports on key performance indicators and loan statistics
    LendingPad Software - Users can originate and access loans from anywhere using the LendingPad platform

    Not sure about LendingPad? Compare with a popular alternative

    LendingPad

    4,4 (133)
    VS.

    Starting Price

    US$50,00
    month
    US$99,00
    month

    Pricing Options

    Free version
    Free trial
    Free version
    Free trial

    Features

    42
    156

    Integrations

    10
    9

    Ease of Use

    4,2 (133)
    4,7 (41)

    Value for Money

    4,5 (133)
    4,7 (41)

    Customer Service

    4,6 (133)
    4,7 (41)
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    Reviews

    Overall rating

    4,4 /5
    (133)
    Value for Money
    4,5/5
    Features
    4,2/5
    Ease of Use
    4,2/5
    Customer Support
    4,6/5

    Already have LendingPad?

    Software buyers need your help! Product reviews help the rest of us make great decisions.

    Showing 5 reviews of 133
    Mark
    Overall rating
    • Industry: Financial Services
    • Company size: 11–50 Employees
    • Used Daily for 1+ year
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support
    • Likelihood to recommend 10.0 /10

    Lending Pad LOS Review

    Reviewed on 2023/03/09

    Been great. Will continue to use it over other LOS's dues to, in my opinion, superior ease and...

    Been great. Will continue to use it over other LOS's dues to, in my opinion, superior ease and fundtionality.

    Pros

    Ease of use and functionality. If I have all the documents required I can enter a loan application, run credit, run AUS and be ready to export an accurate and complete 3.4 file in 10-20 minutes.Customer Service is available right away and they have always been able to solve an issue within minutes.

    Cons

    There are a few quirks/work arounds that don't quite line up with other LOS's including lenders we export the 3.4 to -Example - to get AUS to read correctly for VA loans > REO > gross rents offsetting monthly payment - you have to give 100% gross rents and have it be $0.01 less than the PITI resulting in $0.01 cost per month.Example - When a borrower is on the mortgage and title for an REO as a co-borrower, but omitting a mortgage because the other party to the mortgage loan has made the payments for the last 12 months, you must make sure the mortgage is not linked to the REO for AUS to omit it.

    Austin
    Overall rating
    • Industry: Real Estate
    • Company size: Self Employed
    • Used Daily for 2+ years
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support
    • Likelihood to recommend 10.0 /10

    Easy Origination

    Reviewed on 2023/03/15

    Pros

    The full online function can be used anywhere at anytime.

    Cons

    Wish there was more customizable screens.

    Response from LendingPad Corp

    I wanted to take a moment to personally thank you for taking the time to provide us your feedback. It's always great to hear from our users!

    Your review not only helps us understand what we're doing right but also helps others who are considering using our platform. We're so glad that you've had a positive experience with LendingPad and we hope to continue providing you with exceptional service.

    Regarding the customizable screens, we highly monitor our Feature Suggestions located in your support tab in your LendingPad portal. Please don't hesitate to add in new feature suggestions for more customizable screens and based on client request, we will review it for potential future implementation. We greatly appreciate your understanding.

    Once again, thank you so much for your support and for choosing LendingPad. We look forward to serving you in the future.

    Bela
    Overall rating
    • Industry: Financial Services
    • Company size: 11–50 Employees
    • Used Daily for 6-12 months
    • Review Source

    Overall rating

    • Ease of Use
    • Customer Support
    • Likelihood to recommend 0.0 /10

    be ware

    Reviewed on 2021/02/26

    disappointed

    disappointed

    Pros

    didn't like the service - and now am forced to pay

    Cons

    I asked for directs how to cancel service because my renewal was coming. And because I asked, they cancelled my service and took my data and refused to give it back without an extra fee of over $1,000 to get my own data back, even thought i did not give permission

    Alternatives Considered

    Calyx Point

    Reasons for Choosing LendingPad

    switched back

    Switched From

    Calyx Point

    Reasons for Switching to LendingPad

    never again

    Response from LendingPad Corp

    Dear Ms. Basile,

    We looked at our records and found that we did cancel your service and close the account at your request. Data and documents in the account will be deleted permanently in 7 days after closure.

    However, in a later message, you contacted us to log back into the account to move your data. At that time the account was already closed, and the contract has already expired (1/19/2021).

    As instructed by our support, the only option at that time, prior to complete data deletion was to purchase one seat so we can re-activate the account. However, you were unwilling to do that.

    We hope this clarifies your questions and will take this feedback to further improve our service in the future.

    LendingPad CSR

    Rocke
    Overall rating
    • Industry: Real Estate
    • Company size: 2–10 Employees
    • Used Daily for 2+ years
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support
    • Likelihood to recommend 10.0 /10

    Lending Pad , all around origination LOS

    Reviewed on 2024/02/01

    Easy to use, almost always up and running versus other LOS'

    Easy to use, almost always up and running versus other LOS'

    Pros

    functionalities and support. Integrations with AUS and vendors

    Cons

    Learning curve was a little rough after 20 years with encompass but very happy after

    Cedric
    Overall rating
    • Industry: Real Estate
    • Company size: Self Employed
    • Used Daily for 2+ years
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support
    • Likelihood to recommend 10.0 /10

    Lending Pad perfect for mortgage orgination

    Reviewed on 2024/02/01

    Excellent because it's easy to use and is perfect for a smaller company

    Excellent because it's easy to use and is perfect for a smaller company

    Pros

    Easy to use, costs less than other options, and customer service is solid.

    Cons

    Nothing that comes to mind as the product met all needs

    Showing 5 reviews of 133 Read all reviews

    LendingPad FAQs

    Below are some frequently asked questions for LendingPad.

    LendingPad offers the following pricing plans:

    • Starting from: US$50,00/month
    • Pricing model: Subscription
    • Free Trial: Not Available

    Brokers: starting at $50/user/month Lenders/banks/credit unions: billed per closed loan Institutions: contact LendingPad for more information on custom pricing plans

    LendingPad has the following typical customers:

    Self Employed, 2–10, 11–50, 51–200, 201–500, 501–1 000, 1 001–5 000

    LendingPad supports the following languages:

    English

    LendingPad supports the following devices:

    Android (Mobile), iPhone (Mobile), iPad (Mobile)

    LendingPad integrates with the following applications:

    BNTouch Mortgage CRM, DocMagic, Floify, Insellerate, Jungo, LeadMailbox, Loanzify, MeridianLink Mortgage, Shape, Zapier

    LendingPad offers the following support options:

    Email/Help Desk, Knowledge Base, Phone Support, Chat

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