About Bryt

Bryt is a loan management system for lending professionals which offers tools for loan origination, loan servicing, document creation and storage, trust accounting, payment processing, and more. The cloud-based tool caters to a range of different loan types including term, non-revolving, commitment, and more, and offers web portals got both borrowers and lenders to manage their accounts in a self-service manner.

Designed to aid lenders in managing their accounts and customers, Bryt automates tasks, manages compliance, provides real-time reporting, and offers custom configuration to suit business needs. Businesses can configure their own loan documents, outline procedures, setup custom fee structures, and more in order to make the Bryt system work seamlessly with current business workflows. Tasks such as document creation, client notifications, ACH payment processing, and more can be automated, and communication between lenders and borrowers is enhanced through in-built messaging and the ability to share documents.

Bryt facilitates loan servicing with tools for managing an unlimited number of loans and viewing loan summaries, repayment schedules, related documents, properties, fees, notices, and more, all within the loan file. Multiple loan products can be managed within Bryt including installment loans, mortgages, secured loans, lines of credit, and more, with the ability to setup custom repayment schedules for each client. Late fees can be calculated and processed automatically, and dated payments can be automatically removed. The Bryt loan origination tools aid lenders in approving loans and creating pipelines, and the trust accounting module allows users to manage escrow and impound trust accounts and reconcile trust accounts to bank statements.

Pricing starting from:

US$99,00/month

  • Free Trial
  • Subscription

Key benefits of Bryt

  • Manage loan servicing within Bryt with tools for managing tasks such as late fee processing, payment application waterfall creation, ACH payment processing, service fee configuration, policy monitoring, and more.

  • Use the Bryt loan origination tools to approve and fund loans within the dashboard which shows the entire loan pipeline and allows users to create tasks and assign them to employees.

  • Manage escrow and impound trust accounts, real estate transactions, impound trust accounts, and borrower-deposited funds within the trust accounting module, and reconcile trust accounts to bank statements.

  • Gain insight into return on investment, servicing history, loan status’, transactions, and more with the reporting and analytics suite, and schedule reports to run automatically at daily, weekly, or monthly intervals.

  • Create and store documents within the Bryt platform and send them to clients for review and approval. All documents can be customized and stored within the platform, within the related loan file.

  • Devices

    Business size

    S M L

    Markets

    United States

    Supported Languages

    English

    Pricing starting from:

    US$99,00/month

    • Free Trial
    • Subscription

    Images

    Gain insight into business performance with real-time reporting and analytics
    Manage loan servicing with tools for setting up a range of loan types and configuring repayments, interest, late fees, and more
    View 3 more
    Bryt screenshot: Gain insight into business performance with real-time reporting and analytics Bryt screenshot: Manage loan servicing with tools for setting up a range of loan types and configuring repayments, interest, late fees, and more

    Features

    Total features of Bryt: 23

    • ACH Payment Processing
    • Account Reconciliation
    • Activity Tracking
    • Automatic Notifications
    • Client Portal
    • Configurable Workflow
    • Credit Card Processing
    • Dashboard Creation
    • Document Storage
    • Electronic Payments
    • Employee Management
    • Financial Analysis
    • Financial Management
    • Monitoring
    • Performance Reports
    • Real Time Analytics
    • Real Time Reporting
    • Scheduled Reporting
    • Self Service Portal
    • Task Management
    • Task Scheduling
    • Visual Analytics
    • Workflow Management

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    Reviews

    Overall rating

    4,7 /5
    (7)
    Value for Money
    4,6/5
    Features
    4,4/5
    Ease of Use
    4,4/5
    Customer Support
    5/5

    Already have Bryt?

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

    Write a Review!
    Showing 5 reviews of 7
    Marsha P.
    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

    This software makes the Loan Servicing process very easy and timeless.

    Reviewed on 2018/07/24

    I've been using this software for about 2 years and all of its features have allowed me to cut...

    I've been using this software for about 2 years and all of its features have allowed me to cut Loan Servicing and Document Processing portion of my job time in half. Actually more then half.

    Pros

    I Love the Loan Document Feature. Makes processing Loan Documents very simple and quick. I also love the automated notices that are sent from the software. Customer Support is always available to answer any questions relating to any section of the software.

    Cons

    Still have a few questions on Mandatory reports for specific filings. For Example BRE required reports.

    Mitchell V.
    Overall rating
    • Used Daily for 1+ year
    • Review Source

    Overall rating

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

    This is best value for any software I have ever purchased.

    Reviewed on 2018/07/18

    Intuitive, easy to use, does what I need and keeps me in control.

    Intuitive, easy to use, does what I need and keeps me in control.

    Pros

    It does everything I need to manage my loan portfolio and I am in control. I now spend less time than I did when we had a 3rd party servicer because I no longer have to correct their mistakes.

    Cons

    The conversion was the hardest part but there is nothing that can be done about that. The customer support has been very responsive to our needs. Every time I find something that could be improved, I call customer support and they fix it.

    Kali P.
    Overall rating
    • Industry: Real Estate
    • 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 5.0 /10

    Great software with a few places to improve.

    Reviewed on 2018/11/26

    Overall this software is great! After a little bit of a learning curve (maybe just me), and some...

    Overall this software is great! After a little bit of a learning curve (maybe just me), and some help from the team, you'll be up and running and having no issues in no time.
    Thanks to Rep and the entire Bryt software team!

    Pros

    I love the automated features (sending notices, invoices and receipts for payment). There are several great things about this system that are very useful.

    Cons

    1.) Report writer needs work. With this being said, however, whenever I have a problem, customer support ALWAYS is there to help and create the report, or if they can't create the exact report that I need, they come up with a solution that works!
    2.) No help section - if it is after hours or a different time zone, there is no one to offer support or any help whatsoever. Again, this is only when work is being done outside of the normal office hours for Bryt customer service.
    3.) Takes some getting used to. Although I am new the mortgage software field. I have done property management for over 15 years, and then we switched to mortgages. So that may be my fault.
    4.) No direct mortgage holder option. If you are not the "Servicing Company" of the loans, set up is a bit tricky and takes some getting used to. In my case, I have 1 individual who has mortgages under 4 different companies. This get's complicated when writing reports, letters, or notices, that are mortgage holder specific, but as always, rep and the team have always figured out a way (sometimes even changing the way the software is written) for me to get the information I need. :)

    Tim G.
    Overall rating
    • Used Daily for 2+ years
    • Review Source

    Overall rating

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

    Ease of use is amazing and the price is unbeatable

    Reviewed on 2018/07/02

    very cost effective, efficient, friendly software that is cloud based, accessible from anywhere

    very cost effective, efficient, friendly software that is cloud based, accessible from anywhere

    Pros

    User friendly, customer support is always available, covers all lending aspects plus more than I can even use

    Veronica V.
    Overall rating
    • Used Daily for 6-12 months
    • Review Source

    Overall rating

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

    Bryt makes my job easier.

    Reviewed on 2018/07/03

    It saves time

    It saves time

    Pros

    What I like the most about Bryt, is that it is user-friendly. Everything is clean and straight forward. It didn't take long to learn how to navigate.

    Cons

    The only complaint I have is that it doesn't work as well on Safari. I use Safari as my main browser so when I use Bryt I have to change to google chrome. It's not a big deal.

    Showing 5 reviews of 7 Read all reviews

    Bryt FAQs

    Below are some frequently asked questions for Bryt.

    Bryt offers the following pricing plans:

    • Starting from: US$99,00/month
    • Pricing model: Subscription
    • Free Trial: Available

    Bryt offers user-based subscription starting at $99/month for 1 user. $180/month for 2 users $250/month for 3 users $295/month for 4 users $325/month for 5 users Contact Bryt for pricing plans for more than 5 users.

    Bryt offers the following features:

    • ACH payment processing
    • Account reconciliation
    • Activity tracking
    • Amortization schedule
    • Automatic funds distribution
    • Automatic notifications
    • Client database
    • Client portal
    • Collateral tracking
    • Configurable workflow
    • Credit card processing
    • Dashboard creation
    • Document distribution
    • Document storage
    • Electronic payments
    • Escrow management
    • Fee management
    • Financial analysis
    • Financial management
    • Investor management
    • Loan consolidation
    • Loan origination
    • Loan processing
    • Loan servicing
    • Loan submission control
    • Online application
    • Payment tracking
    • Performance reports
    • Property tax management
    • Real time analytics
    • Real time reporting
    • Risk management
    • Scheduled reporting
    • Self service portal
    • Task management
    • Task scheduling
    • Visual analytics
    • Workflow management

    Bryt has the following typical customers:

    Small Business, Mid Size Business

    Bryt supports the following languages:

    English

    We do not have any information about what devices Bryt supports

    We do not have any information about what integrations Bryt has

    Bryt offers the following support options:

    Phone Support, Online Support, FAQs

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