Capterra Logo
Helping businesses choose better software since 1999
LendingPad

LendingPad

4.4 (134)
Capterra offers objective, independent research and verified user reviews. We may earn a referral fee when you visit a vendor through our links.

What is LendingPad?

LendingPad is an innovative, secure & powerful cloud-based mortgage loan origination system (LOS) created by mortgage professionals to modernize the complex and costly loan origination process today. The solutions LendingPad offers elevate the efficiency, compliance, and information security for brokers, lenders, banks and credit unions. Fully integrated with vendors, ability to customize, intuitive UI, easy setup, multi-user same-file edits and real-time loan pushed updates.

LendingPad Integrations

Zapier logo
Zapier
Jungo logo
Jungo
BNTouch Mortgage CRM logo
BNTouch Mortgage CRM
Floify logo
Floify
Shape logo
Shape
Intuitive Modern UI
Comprehensive Support
Easy Administration
SOC2 Annual Info Sec Audi
Winner of HW Tech100

Software like LendingPad

Based on other buyer's searches, these are the products that could be a good fit for you.

by Bryt Software

4.8 (19)
Starting Price:$59/month

by Jurismedia

4.8 (48)
Starting Price:$3995/one time

by Applied Business Software

4.8 (277)
Starting Price:No pricing found
Mortgage Automator

by Mortgage Automator

4.9 (110)
Starting Price:No pricing found
The Loan Office

by Applied Business Software

4.8 (41)
Starting Price:$389/month

How much is LendingPad?

Starting From:
$50 Per Month
Pricing Model: Per Feature
  • No free trial
  • No free version
Pricing Details (Provided by Vendor):
Brokers: starting at $50/user/month Lenders/banks/credit unions: billed per closed loan Institutions: contact LendingPad for more information on custom pricing plans

LendingPad Features

What solutions does LendingPad provide?

Alternatives to LendingPad

LendingPad
LendingPad

Starting from:
$50/Per Month
Pricing Model:
Per Feature

Overall Rating:

Ease of Use
4.2
Customer Service
4.6
Features
4.2
Value for Money
4.5
The Mortgage Office

Starting from:
Not provided by vendor
Pricing Model:
Not provided by vendor

Overall Rating:

Ease of Use
4.7
Customer Service
4.8
Features
4.7
Value for Money
4.7
BNTouch Mortgage CRM

Starting from:
$165/Per Month
Pricing Model:
Per User

Overall Rating:

Ease of Use
4.2
Customer Service
4.5
Features
4.4
Value for Money
4.4
Bryt

Starting from:
$59/Per Month
Pricing Model:
Flat Rate

Overall Rating:

Ease of Use
4.6
Customer Service
5.0
Features
4.5
Value for Money
4.7

Key user insights about LendingPad

Based on of verified reviews collected between November, 2018 and February, 2024
avatar 1

Loan management

Based on 43 reviews
Users find LendingPad effective for borrower application completion and loan origination, appreciating its efficiency and ease of use. They highlight the smooth application process and the ability to access the software from anywhere, which enhances their workflow. However, they note the lack of amortization features and basic loan management tools, as well as limitations with the eSign functionality, which can be cumbersome when dealing with extra payment scenarios or requiring signatures from non-loan participants.

Customer service

Based on 30 reviews

Reviewers consistently praise LendingPad for its excellent customer service, noting the quick response time and knowledgeable support team. They find the customer service team to be very helpful, making the platform easier to use even for those who are not tech-savvy. Users also appreciate that the customer service is linked to necessary tools for processing loan applications, enhancing their overall experience with the software.

Pros

  • So far I'm delighted that it's easy enough for beginners and the ability to manipulate and create rules in real time is amazing.

  • It has been a great experience, I highly recommend as it is a user friendly LOS with good features and the best customer service team.

  • 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.

  • Great experinece, not to many issues at all - if I have any at all the chat is very responsive.

Cons

  • If I had more time, I could tell you about more problems. The real point of me even replying is to see how serious you are about "getting feedback.

  • My guess is I'll hear crickets from you after I hit "send.

  • I'm also receiving feedback on the application from my borrowers. They find the application a little confusing.

  • Knowledge base very light and weak. Confusing and complex setup.

Most Recent Video User Review for LendingPad

SEE ALL VIDEO REVIEWS
Video Review

LendingPad Review: The Ultimate Cloud Solution for Mortgages

5.0
Posted on February 14, 2024POSTED BY:

Amir N.

OwnerReal Estate
Reviewer Source

Most Helpful Reviews for LendingPad

Andre N. avatar
Andre N.
Director of Operations
Financial Services, 201-500 employees
Used the software for: 2+ years
Overall Rating
4.0
Ease of Use
3.0
Customer Service
5.0
Features
3.0
Value for Money
4.0
Likelihood to Recommend
9/10
Reviewer Source
Source: Capterra
February 6, 2024

"LendingPad for Mortgage Lenders"

Overall: It has been good, but again sometimes upper management and our AE are hard to get ahold of, support can be standoffish, and it slows down during heavy usage.

Pros: LendingPad is accessible anywhere, on both mobile and computer devices. It is very easy to use, well organized and extremely well documented. Their chat support is awesome, and the support staff are very knowledgeable, responsive about the platform and loans as well.

Cons: LendingPad does well for brokers. It is not set up as much for Lenders, although it is getting better, there are still a lot of GAPs. Some things are not intuitive and it is not nimble when it comes to specialty loan programs. Overall its a nice platform with lots of potential to add some AI to make it better.

Reasons for Choosing LendingPad: better and more intuitive, more cost effective and ease of use.
Switched From: Calyx Point
Reasons for Switching to LendingPad: Wanted a fully cloud based solution that did not have the standard licensing model.
Ronald W.
Owner
Financial Services, 1-10 employees
Used the software for: 2+ years
Overall Rating
5.0
Ease of Use
5.0
Customer Service
5.0
Features
5.0
Value for Money
5.0
Likelihood to Recommend
10/10
Reviewer Source
Source: Capterra
February 13, 2024

"Love LendingPad"

Pros: I can do everything from one tool to make my loan process easy and smooth and it integrates easily with other software that I use.

Cons: You can sign up for basic training or watch videos for more in-depth training. I would prefer to have the option for formal training on the system as watching the videos does not always give the information that I am looking for or is not always clear.

Alternatives Considered: Calyx Point, PerfectLO, Encompass and BYTE
Reasons for Choosing LendingPad: Mostly due to the compatibility with my other origination software such as my CRM of BNTouch and my POS of Floify. It allows a seamless process from application to funding and marketing. On top of that the cost was lower than the other and the system was easier to use. Another great feature is it is web-based and I can access it anywhere from any computer if needed.
Erin R.
Loan Officer
Real Estate, 1,001-5,000 employees
Used the software for: 1-2 years
Overall Rating
3.0
Ease of Use
3.0
Customer Service
5.0
Features
3.0
Value for Money
3.0
Reviewer Source
Source: Capterra
February 9, 2024

"Borrow other companies ideas."

Overall: It's fine, and basic. I wouldnt use it if my company didnt make me use it for payroll. Customer sevice is excellet, always!

Pros: Pros - customer service. The chat feature to talk to a live person is the best thing about lending pad.

Cons: The application - the view is confusing. While I am use to it now because I am forced to use it there are MUCH better software programs. If you want people to love your product find something that looks and acts like Loan Depot's MELLO software. So easy to read, I could run through application questions and have it fille out completely in minutes. With lending pads I have to review, then double check then check again because somethings probably missing.

Reasons for Switching to LendingPad: Loan Depot is a chop shop, big lender. Great place to start and learn but no one stays long term.
Marvin H.
Mortgage Loan Originator
Real Estate, 1-10 employees
Used the software for: 2+ years
Overall Rating
4.0
Ease of Use
4.0
Customer Service
5.0
Features
3.0
Value for Money
4.0
Likelihood to Recommend
7/10
Reviewer Source
Source: Capterra
February 9, 2024

"LendingPad Review"

Overall: It has been a good experience, and am looking forward to it improving.

Pros: The “customizability” of various features of the program.

Cons: The lack of features that should be inherent in a program designed to assist mortgage brokers and lenders serve their clients as thoroughly as possible.

Reasons for Choosing LendingPad: Per-user pricing (and ease of adjusting this) and the reviews that were researched.
Switched From: Calyx Point
Reasons for Switching to LendingPad: Price at the time was comparable to Point Central when shopping the feature of remote work capability.
Leticia A.
Loan Officer
Financial Services, 1,001-5,000 employees
Used the software for: 1-2 years
Overall Rating
5.0
Ease of Use
5.0
Customer Service
5.0
Features
5.0
Value for Money
5.0
Likelihood to Recommend
10/10
Reviewer Source
Source: Capterra
February 1, 2024

"A+ Origination System"

Overall: It is user friendly and good to work with a tool that is on your side.

Pros: Love the flow of the application and how fast the responds are when requesting help on items within LendingPad.

Cons: That I can't speak to a person when needed. Sometimes we are going back and forth messaging each other for 15 minutes when a phone call would have taken 1 minute.

Switched From: Calyx Point
Reasons for Switching to LendingPad: My Broker made the switch for us. They found it to be more useful when it came to reporting and a great tool to use for Origination.