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LendingPad

4.5
(64)

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Loan origination system for mortgage brokers and lenders

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(6)

LendingPad Pricing, Features, Reviews and Alternatives

LendingPad FAQs

Q. What type of pricing plans does LendingPad offer?

LendingPad has the following pricing plans:
Pricing model: Subscription

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Q. Who are the typical users of LendingPad?

LendingPad has the following typical customers:
Freelancers, Large Enterprises, Mid Size Business, Small Business

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Q. What languages does LendingPad support?

LendingPad supports the following languages:
English

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Q. Does LendingPad support mobile devices?

LendingPad supports the following devices:
Android, iPad, iPhone

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Q. Does LendingPad offer an API?

Yes, LendingPad has an API available for use.

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Q. What other apps does LendingPad integrate with?

LendingPad integrates with the following applications:
MeridianLink Mortgage, Floify, BNTouch Mortgage CRM, Zapier, Shape, Jungo

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Q. What level of support does LendingPad offer?

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

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LendingPad product overview

What is 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.

Key benefits of using LendingPad

  • Manage compliance with LendingPad licensing compliance configuration and standard compliance rules, and ensure data is protected with security measures including SSAE16 reports.

  • Control day-to-day tasks and processes with customizable workflows, forms, and business logic which can be configured to fit the needs of individuals and teams.

  • Access a large number of service providers and third party partners such as lead providers or secondary market investors through the LendingPad network which can be accessed by all users of LendingPad.

  • Benefit from real-time connection to lead providers, campaign management tools, loan tracking, and real-time loan pushed updates through the LendingPad system.

  • Gain insight into business metrics with customizable, real-time reporting and dashboards for an at-a-glance overview of all channels.
  • Typical customers

    Freelancers
    Small businesses
    Mid size businesses
    Large enterprises

    Platforms supported

    Web
    Android
    iPhone/iPad

    Support options

    Phone Support
    Email/Help Desk
    Chat
    Knowledge Base

    Training options

    Webinars
    In Person
    Documentation
    Live Online
    Videos

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    LendingPad pricing information

    Value for money

    4.6

    /5

    64

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    Value for money contenders

    LendingPad features

    Functionality

    4.3

    /5

    64

    Total features

    43

    3 categories

    Most valued features by users

    Third Party Integrations
    API
    Compliance Management
    Workflow Management
    Real Time Reporting
    Audit Trail
    Document Management
    Amortization Schedule

    Functionality contenders

    LendingPad users reviews

    Overall Rating

    4.5

    /5

    64

    Positive reviews

    Rating breakdown
    • Value for money
    • Ease of use
    • Features
    • Customer support
    • Likelihood to recommend8.93/10
    Rating distribution

    5

    4

    3

    2

    1

    42

    14

    5

    1

    2

    Pros
    I love the fact that the system is web-based system. It is super easy to use and the support is awesome.
    What did I ever do without the CHAT, this is amazing help if you are in a jam and need an answer quickly, someone is always ready to assist. Borrowers find the application process smooth and easy.
    I love the software it is easy to use once you get used to finding what you are looking for. There is room for improvements as with any other software.
    Cons
    And because I asked, they cancelled my service and took my data and refused to give it back without an extra fee of over $1,000 to get my own data back, even thought i did not give permission.
    I've been in the mortgage business since 1999. Lending Pad is the worst LOS I've worked in.
    I've been in the mortgage business since 1999. Lending Pad is the worst LOS I've worked in.

    Overall rating contenders

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    Jenny A.

    Banking, self-employed

    Used daily for 2+ years

    Review source

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

    Share this review:

    Great!

    Reviewed 18 days ago
    Pros

    I like how easy this program is and the online chat support.

    Cons

    Wish we could export the 1003 into the Lenders portal..

    Vendor response

    We appreciate you for taking the time to share your experience with LendingPad. Our company places great importance on our clients' feedback to continually enhance our services. Having a direct lender integration is one of our top priorities in the coming future. Please keep an eye out for our system updates and product releases that announce any changes in the system. Thank you for choosing LendingPad, and we are eager to continue serving you.

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    Austin D.

    Real Estate, self-employed

    Used daily for 2+ years

    Review source

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

    Share this review:

    Easy Origination

    Reviewed 17 days ago
    Pros

    The full online function can be used anywhere at anytime.

    Cons

    Wish there was more customizable screens.

    Vendor response

    I wanted to take a moment to personally thank you for taking the time to provide us your feedback. It's always great to hear from our users! Your review not only helps us understand what we're doing right but also helps others who are considering using our platform. We're so glad that you've had a positive experience with LendingPad and we hope to continue providing you with exceptional service. Regarding...

    RS
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    Richard S.

    Real Estate, 1,001-5,000 employees

    Used daily for 6-12 months

    Review source

    Overall Rating
    • Value for money
    • Ease of use
    • Features
    • Customer support

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    Lending pad needs a lot of work

    Reviewed 23 days ago

    I've been in the mortgage business since 1999. Lending Pad is the worst LOS I've worked in. I'll just throw in the fact that in your drop downs for this survey, for "what is your business" there are like 30 categories, 28 of which don't even remotely apply to mortgage loan origination! I realize this survey is a third party service, but couldn't you "pony up" a couple of bucks to add "loan officer" or "loan originator?" If I were not mandated by NEXA to use your product, I would have trashed it after 2 loan files.

    Pros

    I don't see any that outweigh the "cons."

    Cons

    Numbers get transposed when uploading to the lender portal. e.g I've had ss# space populated by cell phone numbers. There is no option to create templates. Every file needs each fee manually input every time. We have no real interface with lenders or investors. It times out way to fast. No ability to switch company profiles i.e I'm a NEXA broker AND an AXEN (mini corr) branch manager. Therefore I,...

    LH
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    Lauran H.

    Financial Services, 1-10 employees

    Used daily for 1-2 years

    Review source

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

    Share this review:

    Beyond Outstanding! Don't Hesitate To Make The Move!

    Reviewed 22 days ago

    It's downright PHENOMENAL!!! One of the best business decisions we have ever made.

    Pros

    The interface is incredibly simple and intuitive. Love the web based platform. It's seamless and effortless. Customer service has been incredible! I love how responsive and helpful they are and they take suggestions for new features and improvements. They're always rolling out updates and improvements. This team is absolutely incredible! It meets absolutely everything we were looking for in an LOS and continues to amaze us weekly with just how easy and wonderful it is. I cannot rave about them enough. We went from DESPISING our LOS system to just being spoiled rotten. LendingPad knocks our socks off on a daily basis and we could not be more thrilled!

    Cons

    Occasionally the system will freeze up and when you hit save it just spins. BUT, most software doesn't save your changes/updates when it freezes. And LendingPad saves what you've done EVEN when it freezes, which is a huge plus. You just refresh the page when it's unresponsive and your work is still there. My only other con WOULD HAVE been the desire for a scenario comparison function and THEY ROLLED THAT OUT LAST WEEK!! YAY!!! LendingPad is the best!

    Vendor response

    We appreciate you for taking the time to share your experience with LendingPad. Our company places great importance on our clients' feedback to continually enhance our services. We are so grateful for your in depth review of your experience. Stay tuned for many more exciting updates to come! Thank you for choosing LendingPad, we are eager to continue serving you.

    MW
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    Mark W.

    Financial Services, 11-50 employees

    Used daily for 1-2 years

    Review source

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

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    Lending Pad LOS Review

    Reviewed 23 days ago

    Been great. Will continue to use it over other LOS's dues to, in my opinion, superior ease and fundtionality.

    Pros

    Ease of use and functionality. If I have all the documents required I can enter a loan application, run credit, run AUS and be ready to export an accurate and complete 3.4 file in 10-20 minutes.Customer Service is available right away and they have always been able to solve an issue within minutes.

    Cons

    There are a few quirks/work arounds that don't quite line up with other LOS's including lenders we export the 3.4 to -Example - to get AUS to read correctly for VA loans > REO > gross rents offsetting monthly payment - you have to give 100% gross rents and have it be $0.01 less than the PITI resulting in $0.01 cost per month.Example - When a borrower is on the mortgage and title for an REO as a co-borrower, but omitting a mortgage because the other party to the mortgage loan has made the payments for the last 12 months, you must make sure the mortgage is not linked to the REO for AUS to omit it.

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