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.

Pricing starting from:

US$40,00/month

  • Free Trial
  • Subscription

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.

  • Devices

    Business size

    S M L

    Markets

    United States

    Supported Languages

    English

    Pricing starting from:

    US$40,00/month

    • Free Trial
    • Subscription

    Images

    The analytics dashboard provides reports on key performance indicators and loan statistics
    Users can originate and access loans from anywhere using the LendingPad platform
    View 3 more
    LendingPad video
    LendingPad video
    LendingPad video
    LendingPad video
    LendingPad video
    LendingPad video
    LendingPad screenshot: The analytics dashboard provides reports on key performance indicators and loan statistics LendingPad screenshot: Users can originate and access loans from anywhere using the LendingPad platform

    Features

    Total features of LendingPad: 21

    • API
    • Applications Management
    • CRM Integration
    • Campaign Management
    • Campaign Planning
    • Collaboration Tools
    • Data Capture and Transfer
    • Data Migration
    • Document Storage
    • Financial Analysis
    • Geolocation
    • Multi-Location
    • Price Management
    • Real Time Data
    • Real Time Reporting
    • Real Time Updates
    • Search Functionality
    • Third Party Integration
    • Visual Analytics
    • Warehouse Management
    • Workflow Management

    Alternatives

    LeadMaster

    4,1
    #1 Alternative to LendingPad
    LeadMaster has been providing affordable white-label web-based Salesforce CRM and Lead Management solutions since 1998....

    CREDITONLINE

    4,9
    #2 Alternative to LendingPad
    CREDITONLINE is a cloud-based solution, which helps lending businesses manage the entire lifecycle of loan origination...

    Qualia

    4,8
    #3 Alternative to LendingPad
    Qualia is a title and escrow management software designed to help home buyers, mortgage lenders, and businesses in the...

    Total Expert

    4,3
    #4 Alternative to LendingPad
    Total Expert is a marketing automation software designed to help credit unions and businesses in the banking and...

    Reviews

    Overall rating

    4,3 /5
    (14)
    Value for Money
    4,8/5
    Features
    4,3/5
    Ease of Use
    4,1/5
    Customer Support
    4,3/5

    Already have LendingPad?

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

    Write a Review!
    Showing 5 reviews of 14
    David H.
    Overall rating
    • Industry: Financial Services
    • Company size: 2-10 Employees
    • Used Daily for 1+ year
    • Review Source

    Overall rating

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

    I did not think it was possible.

    Reviewed on 2019/07/19

    Brilliant

    Brilliant

    Pros

    The number one plus about LP is the cloud technology and ability to work anywhere with decent internet. I was skeptical about coming from deep-pocket lenders to choosing a solution for my own shop. I priced out Encompass the "gold standard" of LOS systems with its own set of quirks and problems. Over $100,000 for the scale needed to do the numbers that we want and that is in the first 18 months. Deployment is nonexistent with cloud-based SAAS platforms. No server, No laborious setup process and under $400 to get my whole team up and going. COST is the elephant in the room in most cases and while not cheap it is in line with the technology needed to do what LOS systems do. In the beginning, Calyx/Encompass was state of the art. However, In today's environment, you can fill a 1003 on a Facebook form. Lending pad makes everything esthetically pleasing and lightning-fast from anywhere on the planet. Kudos and a big Thank you from NorCapital.

    Cons

    There are only a couple and the team is working daily on new tech. We would like to see an app. The ability to have the client upload from a phone directly to the loan file. Additionally PRICING we need everyone to play ball and have a universal pricing formula so the guys and galls at LP don't need 6 months for each engine. As a broker I would like to have the ability to see pricing from all of our lenders in one dashboard for a specific client. These are not cons they are just wants!

    Africa A.
    Overall rating
    • Industry: Financial Services
    • Company size: 2-10 Employees
    • Used Daily for 1+ year
    • Review Source

    Overall rating

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

    Easy to Use for a Disperse Mortgage Company

    Reviewed on 2019/07/19

    I have found it easier to onboard new people with the software because it is cloud-based and thus...

    I have found it easier to onboard new people with the software because it is cloud-based and thus easy to use. Also, because it is cloud-based, data is readily accessible by everyone in the company. Several people can be in the same file at once. Multiple people in the file at the same time was never an option with other loan origination systems.

    Pros

    The software itself is very intuitive. The different areas are organized around topics: borrower details, subject property details, loan details, etc.

    Cons

    Having used several different loan origination systems, I was missing in software marketing and loan term comparison applications.

    Steven B.
    Overall rating
    • Industry: Financial Services
    • Company size: 2-10 Employees
    • Used Daily for 1-5 months
    • Review Source

    Overall rating

    • Ease of Use
    • Customer Support
    • Likelihood to recommend 2.0 /10

    Somewhat confusing system, poor support

    Reviewed on 2019/10/24

    Onboarding call was good, but the system is quite complex and not very intuitive.

    Ongoing support...

    Onboarding call was good, but the system is quite complex and not very intuitive.

    Ongoing support is TERRIBLE. Support is provided through chat. Staff seems not to know their own system and has bad attitude. I even had one staff member intentionally terminate my chat while trying to get a setup question answered. (He seemingly could not answer my question, so he cut me off when I told him he had answered my question.)

    I thought this system had a lot of promise, but I'll probably be looking for something else again.

    Pros

    - Cloud based
    - Seems to be very complete
    - Good integrations

    Cons

    - Very poor support
    - Knowledge base very light and weak
    - Confusing and complex setup

    Response from WEI Technology

    Sorry for your poor experience with our support while on your free trial. After reviewing the support log, the setup issue is with an invalid third-party login credential. Pls call the third-party provider to obtain correct credentials first then call your AE who can help further to complete the setup. Thank you.

    Jay D.
    Overall rating
    • Industry: Banking
    • Company size: 2-10 Employees
    • Used Daily for 1-5 months
    • Review Source

    Overall rating

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

    A turn key solution for a start up brokerage

    Reviewed on 2019/07/29

    LendingPad gets the job done and the call reporting feature is amazing.

    LendingPad gets the job done and the call reporting feature is amazing.

    Pros

    Lending Pad is easy to use and the pricing structure compared to other "legacy" providers is very favorable.

    Cons

    The interface isn't as intuitive as other solutions which can take some time getting used to.

    Brian B.
    Overall rating
    • Industry: Real Estate
    • 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

    Easy to learn, easy to use.

    Reviewed on 2019/07/19

    Being able to connect LendingPad to our CRM has been invaluable to serving our customer base.

    Being able to connect LendingPad to our CRM has been invaluable to serving our customer base.

    Pros

    LendingPad has the user in mind, it is easy to use and learn. The customer service has been phenomenal. They are quick to help and have answers to all almost all our questions!

    Cons

    Would love a customer interface, where customers can submit information directly to LendingPad

    Showing 5 reviews of 14 Read all reviews

    LendingPad FAQs

    Below are some frequently asked questions for LendingPad.

    LendingPad offers the following pricing plans:

    • Starting from: US$40,00/month
    • Pricing model: Subscription
    • Free Trial: Not Available

    Brokers: starting at $40/user/month Lenders/banks/credit unions: billed on per closed loan Institutions: contact LendingPad for more information on custom pricing plans

    LendingPad offers the following features:

    • Applications management
    • CRM integration
    • Campaign management
    • Campaign planning
    • Collaboration tools
    • Data capture and transfer
    • Data migration
    • Database access
    • Document storage
    • Financial analysis
    • Geolocation
    • HUD settlement statements
    • Integrated vendor services
    • Loan origination
    • Loan processing
    • Loan servicing
    • Loan submission control
    • Multi-location
    • Outsource processing
    • Payment tracking
    • Pre-qualification
    • Price management
    • Real time data
    • Real time reporting
    • Real time updates
    • Search functionality
    • Third party integration
    • Visual analytics
    • Warehouse management
    • Workflow management

    LendingPad has the following typical customers:

    Small Business, Large Enterprises, Mid Size Business

    LendingPad supports the following languages:

    English

    LendingPad supports the following devices:

    Android, iPhone, iPad

    LendingPad integrates with the following applications:

    Zapier

    LendingPad offers the following support options:

    Phone Support, Online Support, Knowledge Base, Video Tutorials

    Related categories

    See all software categories found for LendingPad.