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LendingWise Pricing, Features, Reviews and Alternatives
LendingWise FAQs
Q. Who are the typical users of LendingWise ?
Q. Does LendingWise support mobile devices?
Q. What other apps does LendingWise integrate with?
LendingWise product overview
What is LendingWise ?
LendingWise is a loan origination software and CRM solution that helps brokers and lenders of all sizes streamline the loan closing process. This solution is designed to provide a modern borrower experience with online, mobile-friendly lending portals, custom workflows, and paperless loan origination. LendingWise can be integrated into websites to fast-track submissions and accurately collect required docs. It offers bank-level security as well as real-time collaboration features for brokers, borrowers, and third parties.
Key benefits of using LendingWise
Create accurate & complete loan files with all required docs with ease.
Workflow automation to send emails, create tasks & send webhooks based on your own rules & business logic.
Built-in marketplace connects 100s of brokers to 100+ lenders across lending verticals.
Typical customers
Platforms supported
Support options
Training options
Not sure about LendingWise ? Compare it with a popular alternative
LendingWise
Starting from
149
/user
Per month
Starting from
No pricing info
LendingWise pricing information
Value for money
4.4
/5
48
Starting from
149
/user
Per month
Pricing options
Value for money contenders
LendingWise features
Functionality
4.2
/5
48
Total features
77
2 categories
Most valued features by users
Functionality contenders
LendingWise users reviews
Overall Rating
4.5
/5
48
Positive reviews
- Value for money
- Ease of use
- Features
- Customer support
- Likelihood to recommend8.19/10
33
9
5
1
0
Overall rating contenders
Jonathan S.
Financial Services, 11-50 employees
Used daily for 2+ years
Review source
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Overall good and easy program.
Customizing loan programs and application is very user friendly. Customer service has been great. [SENSITIVE CONTENT] has always been to take our call or email.
Calculation are a little off. Won't allow to calulate day 1 LTV of purchase price or LTV lessor of the 2.
Beth J.
Financial Services, 1-10 employees
Used daily for less than 6 months
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Very happy with LendingWise and still haven't tapped into a majority of the functionality like email drip campaigns, full auto-doc generation, loan servicing. But what we use so far is great minus a few hiccups here and there that the LW team helps us figure out.
We love the white label online application form that is easily customizable to our needs. We also use the loan origination/pipeline management every day as a team to help us track loans in their various stages of completion. I have done a ton of research on non-conventional lending software and this really checks most of the boxes we were looking for as a small company. There are some bugs that definitely need to be worked out but we are able to find workarounds and for a small company, you really can't beat the implementation and monthly costs. It's worth it to us to figure out how to make it work for us rather than paying 10x for other software applications that don't provide all the functionality we need.
Difficulties in changing specific fields, especially in the loan terms, some tags just aren't available yet so we have to put values in other fields to make our auto docs work properly. Sometimes understanding how to configure the application and tap into it's many great features can be challenging. I come from a technical PM background so I get software and apps more than most - we are able to work...
Sukumar T.
Financial Services, 51-200 employees
Used daily for 2+ years
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It is a good user friendly application, document store is very good.
Maintaining different tabs to store customer information for respective necessary task, easy to use the UI, easy to understand the labels for each task and capture and fill the data required field and save.
Refresh rate should be more fast, float save button to avoid scroll to down of form, edit and rename the uploaded document, expiry date field is not disabled, make to it enable to save time to scroll down, multiple editable options for expiry date, implement auto calculation for first payment date and maturity date based on closing date and loan term. Implement keyboard shortcut methods to navigate the loan tabs
Joe W.
Law Practice, 11-50 employees
Used daily for 2+ years
Review source
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I have used this product from 2 law firms.Daigle Law and Forghany Law.While the product itself works 90% of what is needed. The remaining 10% is very difficult to get customer service to implement. They are quick to take my concerns over the phone and by zoom. However almost never end up with any results. Not even as far as calling and even telling me it can't be done at this time; or here's...
Ease of use and it is cloud based
Customer service vs implementation of changes.Sluggish.
Sheila E.
Financial Services, 1-10 employees
Used daily for less than 6 months
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Extremely difficult beginning to the point I second guessed my purchase. The last 2 month are getting better although still some aggravation lingers. I gave myself 6 months to fully absorb and use every aspect of the software before making a change. I am hopeful that with [SENSITIVE CONTENT] help, LendingWise will evolve into what I was promised and turn out to be my long haul software. Fingers crossed.
My favorite part of the software is [SENSITIVE CONTENT], my developer! I love being able to load my own forms into the system and through "merge tags" auto populate for the paper file w/o me handwriting 5 forms for every borrower. I like the email wizard and auto populating the file/borrower specific information for standard emails like doc prep request or title search request and wires. I REALLY like the idea of the software automation sending a reminder text/email to myself and my borrower a few days prior to payment due date monthly, a reminder email about insurance expiration and loan maturity.
Our sale rep was great but over promised and undelivered on the key features we were looking for because they are still in the development stage (giving the benefit of the doubt on team communication). My onboarding was difficult at best but [SENSITIVE CONTENT] has managed to salvage my thoughts on LW and is working to make it everything I need (and thought) it to be. Some of the features I mentioned...
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