Bryt Pricing, Features, Reviews & Comparison of Alternatives

Bryt

Loan management software for lenders

4.71/5 (7 reviews)

Bryt overview

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.

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.
www.brytsoftware.com

Pricing

Starting from
$99/month
Pricing options
Value for money
View Pricing Plans

Devices

Business size

S
M
L

Markets

United States

Supported languages

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

Bryt reviews

Excellent
5

Very good
2

Average
0
Poor
0
Terrible
0
Value for money
Features
Ease of use
Customer support
  4.6
  4.4
  4.4
  5.0
Marsha Peffers

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

Used daily for 2+ years
Reviewed 2018-07-24
Review Source: Capterra

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.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Mitchell Vicknair

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

Used daily for 1-2 years
Reviewed 2018-07-18
Review Source: Capterra

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.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Kali Pino

Great software with a few places to improve.

Used daily for 1-2 years
Reviewed 2018-11-26
Review Source: Capterra

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. :)

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 5/10

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Tim Graham

Ease of use is amazing and the price is unbeatable

Used daily for 2+ years
Reviewed 2018-07-02
Review Source: Capterra

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

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Veronica Vazquez

Bryt makes my job easier.

Used daily for 6-12 months
Reviewed 2018-07-03
Review Source: Capterra

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.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Bryt pricing

Starting from
$99/month
Pricing options
Free trial
Subscription
View Pricing Plans

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 features

Automatic Notifications
Electronic Payments
Financial Analysis
Workflow Management

API (229 other apps)
Accounting Integration (151 other apps)
Accounting Management (157 other apps)
Activity Dashboard (173 other apps)
Audit Trail (109 other apps)
Billing & Invoicing (157 other apps)
Compliance Management (148 other apps)
Customizable Reporting (141 other apps)
Data Import/Export (149 other apps)
Expense Tracking (139 other apps)
Invoice Management (202 other apps)
Invoice Processing (130 other apps)
Multi-Currency (136 other apps)
Real Time Data (136 other apps)
Reporting & Statistics (201 other apps)
Third Party Integration (160 other apps)

Additional information for Bryt

Key features of Bryt

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

Benefits

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.