LendingPad

About LendingPad

Deep Dive with Clara AI

LendingPad is a cloud-based loan origination software that offers a complete platform for loan origination solutions for institutions, mortgage brokers, banks, service providers, and lenders. It is specially designed to streamline the lending process, minimize mortgage lending costs, and strengthen communication. This innovatively built platform is fully secured and potently optimizes the complex loan origination process designed by mortgage banking professionals. Moreover, this software allows the user's to originate loans from anywhere with a proper internet connection. Users can incorporate with third-party data providers to manage and connect with leads promptly. This tool can gather data from retail branches, consumer online portals, call centers, and in-house loan officers. The Lender edition comprises functionalities that offer secondary, closing, underwriting post-closing, and funding. Furthermore, to enhance the connectivity and operating efficiency, a range of customization features are offered for Institutions to scale the business to the next level. With processing centers, users can equip contract processing teams to cater to more clients with extensive volumes. LendingPad follows a quotation-based and subscription-based pricing strategy that includes institution edition and broker edition.

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Pricing

Free Trial Not Available
Starts at $55.0. Offers Custom plan.
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SW Score Breakdown The SW Score breakdown shows individual score for product features.Read more

Features The Feature Score % is calculated using the weighted average method, where core features hold more weight in the final calculation. Read more

93%
Reviews

91%
Momentum

66%
Popularity

82%

Platforms Supported

Browser Based (Cloud)
Mobile App (iOS)

Organization Types Supported

All (Small, Medium, Large)

API Support

Available

Modes of Support

Business Hours, Online

LendingPad Features

Show Feature Explanation

Show Missing Features

Loan Origination Features

Features: The Feature Score % is calculated using the weighted average method, where core features hold more weight in the final calculation. Read more

93%

Audit Trail

A record of changes made in chronological order of a user or activity

Compliance Management

Helps in making an assessment of risks, ensures policy comprehension and that policies/procedures are being followed

Workflow Management

Helps in managing and ensuring smooth flow of the tasks assigned to a team or organization

Chat (Messaging)

Allows users to collaborate better by exchanging views and collect information through chatting or texting

e-Signature

Electronic Signatures help users to sign their digital documents remotely

Client Management (Customer)

Facilitates strong necessary data about clients/customers and allows access to it when required

Document Management

Ability to store and manage various information and documents in electronic format.

Custom Workflows

Facility to create workflows with custom stages, process, and status.

Mobile Access

Allows accessing the software and product/service related information from a mobile device

Collaboration

Helps you safely share data with only those who matter and enhances your teamwork

LendingPad Pricing

Free Trial

Not available

Pricing Options

Premium Plans ( Subscription / Quotation Based )

Broker Edition $55.00 $55.00 per month

Features

Simplified, Intuitive Screens.
Multi-user Processing and Real-time Notifications.
Complementary POS Facilitating a Seamless Borrower Experience.
Direct Wholesale Integration and More.

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Lender Edition Custom

Features

Secondary, Funding and Post Closing Functions with an Unlimited Number of Users.
Capability to Perform Banking Functions and Warehousing Activities.
Administration of Third-party Channels, and Complete Secondary Tasks with Institutional Investors.
Unparalleled Enterprise API.

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Processing Edition Custom

Features

Single Sign-on Access to act as an Extension of Any Client's Existing Back-office Team.
Task Segmentation to Efficiently Streamline Multi-client Pipeline Management.
Multiple Role Definitions Including Processor, Manager, Closer, Funder and Post Closer.
Minimize Data Transfer Issues with a Centralized Source System.

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Screenshots of Vendor Pricing Page

Disclaimer: The pricing details were last updated on 29/10/2024 from the vendor website and may be different from actual. Please confirm with the vendor website before purchasing.

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LendingPad Alternatives

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88% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

Encompass Leading loan origination software with built-in ROI read more

4.4 1,175 user ratings

Visit Website LendingPad Vs Encompass

88% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

CloudBankin One Stop Loan Origination and Management Software read more

5 81 user ratings

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78% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

PerfectLO Mortgage Application Software read more

5 9 user ratings

Visit Website LendingPad Vs PerfectLO

85% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

Loan Producer Provides one location to review the loan read more

3.5 2 user ratings

Visit Website LendingPad Vs Loan Producer

78% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

LenderAssist End-to-End, Multi-channel Loan Origination System read more

3 1 user ratings

Visit Website LendingPad Vs LenderAssist

80% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

OpenClose Lending S... A mortgage specialist that automates workflows and business channel... read more

3 2 user ratings

Visit Website LendingPad Vs OpenClose Lending Solution

79% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

LoansPQ Online lending and banking solution at your service read more

4.4 29 user ratings

Visit Website LendingPad Vs LoansPQ

82% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

ComplianceOne Loan origination and processing solution read more

Visit Website LendingPad Vs ComplianceOne

87% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

Anovaa Best Loan Origination Software read more

5 2 user ratings

Visit Website LendingPad Vs Anovaa

82% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

LOANS! for .Net The Commercial Lending Solution read more

4 2 user ratings

Visit Website LendingPad Vs LOANS! for .Net

LendingPad Reviews

User Rating

4.6/5 (Based on 195 Ratings)

Rating Distribution

Excellent
73.3%
Very Good
20%
Average
3.6%
Poor
1.5%
Terrible
1.5%

User Sentiments

User-Friendly Interface, Efficient Customer Support, Comprehensive Loan Origination System, Seamless Integrations

Occasional System Slowness, Limited Loan Program Options, Occasional Glitches/Errors, Lack of Cumulative Amortization Schedule

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Review Summary

User reviews of LendingPad highlight its user-friendly interface, fast processing, and excellent customer support. Users appreciate its intuitive design, making it easy to navigate and complete tasks quickly. The platform’s web-based nature and seamless integration with other systems are also commended. However, some users mention occasional lag or slow loading times, and a few express concerns about limited customization options and a lack of integration with certain third-party services. Overall, the reviews suggest LendingPad is a valuable tool for mortgage brokers and lenders, offering a streamlined and efficient loan origination process.

Pros

LendingPad is a userfriendly, webbased LOS platform that simplifies mortgage origination.
The platform has an intuitive interface and allows for efficient collaboration between team members.
LendingPad offers realtime support and is constantly being updated with new features.

Cons

The platform sometimes experiences latency, especially during peak usage times.
While the support is good, some users have reported inconsistent responsiveness.
Some users desire more comprehensive instruction guides and video tutorials.

AI-Generated from the text of User Reviews

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LendingPad FAQs

What is LendingPad used for?

LendingPad is Loan Origination Software. LendingPad offers the following functionalities:

Audit Trail
Compliance Management
Workflow Management
Chat (Messaging)
e-Signature
Client Management (Customer)
Document Management

Learn more about LendingPad features.

What are the top alternatives for LendingPad?

Here`s a list of the best alternatives for LendingPad:

Does LendingPad provide API?

Yes, LendingPad provides API.

LendingPad Contact

Vendor Details

McLean, Virginia Founded : 2015

Contact Details

+1 202-796-2790

https://www.lendingpad.com/

Social Media Handles

Linkedin 5K

Twitter 207

Facebook 772

Youtube 4K

Apple App Store 15

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LendingPad

About LendingPad

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LendingPad Features

Loan Origination Features

LendingPad Alternatives

LendingPad Reviews

User Rating

Rating Distribution

User Sentiments

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Review Summary

Pros

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SaaSworthy helps stakeholders choose the right SaaS platform based on detailed product information, unbiased reviews, SW score and recommendations from the active community.

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LendingPad

About LendingPad

Screenshots & Videos

LendingPad Features

Loan Origination Features

LendingPad Alternatives

LendingPad Reviews

User Rating

Rating Distribution

User Sentiments

Do You Use LendingPad?

Be The First One To Review!

Review Summary

Pros

Cons

Videos on LendingPad

LendingPad FAQs

LendingPad Contact

Grid Report for LendingPad

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Disclaimer

We understand SaaS better

SaaSworthy helps stakeholders choose the right SaaS platform based on detailed product information, unbiased reviews, SW score and recommendations from the active community.

Buyers

Makers