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
Compare with Popular Alternatives
Key benefits of LendingPad
Devices
Business size
Markets
Supported Languages
Pricing starting from:
US$40,00/month
- Free Trial
- Subscription
Compare with Popular Alternatives
Images
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
CREDITONLINE
Qualia
Total Expert
Reviews
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Write a Review!- 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!
- 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.
- 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.
- 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.
- 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
LendingPad FAQs
Below are some frequently asked questions for LendingPad.Q. What type of pricing plans does LendingPad offer?
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
Q. What are the main features of LendingPad?
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
Q. Who are the typical users of LendingPad?
LendingPad has the following typical customers:
Small Business, Large Enterprises, Mid Size Business
Q. What languages does LendingPad support?
LendingPad supports the following languages:
English
Q. Does LendingPad support mobile devices?
LendingPad supports the following devices:
Android, iPhone, iPad
Q. What other apps does LendingPad integrate with?
LendingPad integrates with the following applications:
Zapier
Q. What level of support does LendingPad offer?
LendingPad offers the following support options:
Phone Support, Online Support, Knowledge Base, Video Tutorials
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