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Bryt Pricing, Features, Reviews and Alternatives

Bryt product overview

Price starts from

29

Per month

Flat Rate

What is 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.

Key benefits of using 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.
  • Typical customers

    Freelancers
    Small businesses
    Mid size businesses
    Large enterprises

    Platforms supported

    Web
    Android
    iPhone/iPad

    Support options

    FAQs/Forum
    Email/Help Desk
    Chat
    Phone Support
    Knowledge Base

    Training options

    Documentation
    Live Online
    Webinars
    Videos

    Bryt pricing information

    Value for money

    4.7

    /5

    17

    Starting from

    29

    Per month

    Flat Rate

    Pricing options

    Free plan
    Subscription
    Free trial
    Pricing range

    Value for money contenders

    Bryt features

    Functionality

    4.5

    /5

    17

    Total features

    89

    4 categories

    Most valued features by users

    Reporting & Statistics
    Activity Dashboard
    API
    Third Party Integrations
    Reporting/Analytics
    Data Import/Export
    Compliance Management
    Alerts/Notifications

    Functionality contenders

    Bryt users reviews

    Overall Rating

    4.8

    /5

    17

    Positive reviews

    Rating breakdown
    • Value for money
    • Ease of use
    • Features
    • Customer support
    • Likelihood to recommend9.12/10
    Rating distribution

    5

    4

    3

    2

    1

    13

    4

    0

    0

    0

    Pros
    The system was very easy to implement and the customer service has been terrific. I have recommended others to use the system as well and will continue to do so.
    The implementation and onboarding team were and are a great resource and I feel like I can reach out any time and receive a response within a day.
    Very cost effective, efficient, friendly software that is cloud based, accessible from anywhere.
    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.
    Not enough functionality, ex. report writer, customer over payments when closing a loan, can delete pay periods but not add them.
    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.

    Overall rating contenders

    Overall Rating
    • Value for money
    • Ease of use
    • Features
    • Customer support
    • Likelihood to recommend10/10

    Share this review:

    Bryt Review

    Reviewed a year ago

    It has been a great experience. The system was very easy to implement and the customer service has been terrific. I have recommended others to use the system as well and will continue to do so.

    Pros

    The loan pipeline dashboard is probably one of my favorite features within the product. Our management team holds a weekly call to discuss the origination pipeline and the dashboard makes it extremely easy to not only discuss the individual loans but also see what stage/process the loan is currently sitting as well as seeing the financial aspects (loan amount, closing date, funding amount, etc.).

    Cons

    I would like to see an expanded borrower pipeline similar to the loan pipeline dashboard that could track the stage of the borrower's application (i.e. missing docs, status of credit check, status of background check, etc.) as they progress through underwriting ultimately to an approval or denial.

    Overall Rating
    • Value for money
    • Ease of use
    • Features
    • Customer support
    • Likelihood to recommend10/10

    Share this review:

    BRYT's software and team have been valuable to our company to help us scale efficiently!

    Reviewed a year ago

    We have used BRYT for almost 2 years now. BRYT has been extremely valuable for our company. It has been an essential piece that has helped us be more efficient and scale our operation, while also delivering great value to our customers. The team at BRYT has been excellent to work with. They are helpful, easy to work with, and very responsive. They are happy to talk with us if we encounter any obstacles, have questions, and have worked with us continuously to customize their product so it fits what best serves our customers. BRYT continues to make great changes and we know there are even greater things ahead - we highly recommend the BRYT platform and the team behind it!

    Pros

    Loan servicing and reporting Creating disbursements to investors ACH/Nacha works wonderfully! Payment reminders and statements are great The staff is awesome and very helpful!

    Cons

    Would love to see: - e-signature integrated - More security features / upgraded - More loan application/origination features (Some of these items I know they are currently working on!)

    Overall Rating
    • Value for money
    • Ease of use
    • Features
    • Customer support
    • Likelihood to recommend5/10

    Share this review:

    Great software with a few places to improve.

    Reviewed 4 years ago

    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...

    Overall Rating
    • Value for money
    • Ease of use
    • Features
    • Customer support
    • Likelihood to recommend8/10

    Share this review:

    Bryt Review

    Reviewed 3 months ago
    Pros

    The customer support from the Bryt team during the implementation phase was excellent and we got it up in no time. The software is very easy to use and navigate. The automation of critical features has made our processes a breeze.

    Cons

    No major issues encountered with the software to this point.

    Overall Rating
    • Value for money
    • Ease of use
    • Features
    • Customer support
    • Likelihood to recommend9/10

    Share this review:

    Bryt software saved the day!

    Reviewed a year ago

    My experience has been great! There was no pressure from a sales team, the development folks were willing to tweak and customize the software for our needs and everything is running smooth! Most importantly, I feel like my questions and concerns were heard timely and solutions rendered in real time....I feel like the team at Bryt is an extension of my team...

    Pros

    I appreciate the ease of use, it is intuitive and has all the essential functions our firm needs. We do not offer traditional loans, we issue project specific loans, a little out of the ordinary and Bryt's solution was able to adapt. The implementation and onboarding team were and are a great resource and I feel like I can reach out any time and receive a response within a day. We don't use many of the features, such as late payment calcs, loan origination, or qualification segments, so I cannot comment about more complex loan scenarios.

    Cons

    One issue is some of menus are buried and there is no active grid view where I can just enter manual payments for borrowers on one screen. Automatic payments will negate this need.

    Bryt FAQs and common questions

    Q. What type of pricing plans does Bryt offer?

    Bryt has the following pricing plans:
    Starting from: $29.00/month
    Pricing model: Subscription
    Free Trial: Available | (No Credit Card required)


    Q. Who are the typical users of Bryt?

    Bryt has the following typical customers:
    Freelancers, Large Enterprises, Mid Size Business, Non Profit, Public Administrations, Small Business


    Q. What languages does Bryt support?

    Bryt supports the following languages:
    English


    Q. Does Bryt offer an API?

    Yes, Bryt has an API available for use.


    Q. What level of support does Bryt offer?

    Bryt offers the following support options:
    FAQs/Forum, Email/Help Desk, Chat, Phone Support, Knowledge Base

    Common Bryt comparisons

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