Who Uses This Software?

Brokers, bankers, lenders, banks and credit unions.


Average Ratings

16 Reviews

  • 5 / 5
    Overall

  • 5 / 5
    Ease of Use

  • 5 / 5
    Customer Service

Product Details

  • Starting Price
    $300.00/month/user
    See pricing details
  • Pricing Details
    Lender's pricing is based on per closed loan with minimum fees/contract.
  • Free Trial
  • Deployment
    Cloud, SaaS, Web
  • Training
    Documentation
    Webinars
    Live Online
    In Person
  • Support
    Online
    Business Hours

Vendor Details

  • WEI Technology
  • www.lendingpad.com/
  • Founded 2015
  • United States

About 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 Features

  • Amortization Schedule
  • Audit Trail
  • Compliance Management
  • Customer Database
  • Digital Signature
  • Document Management
  • Fee Management
  • Loan Consolidation
  • Loan Processing
  • Loan Submission Control
  • Mortgages
  • Online Application
  • Amortization Schedule
  • Client Database
  • Closing Documents
  • Commercial Mortgages
  • Contact Management
  • Credit Reporting
  • Customer Statements
  • Document Management
  • Electronic Applications
  • Loan Origination
  • Loan Servicing
  • Pipeline Management
  • Pre-Qualification
  • Refinance Management
  • Residential Mortgages

LendingPad Reviews Recently Reviewed!


LendingPad is a simple and easy to use web based loan origination platform that all

Jan 23, 2018
5/5
Overall

5 / 5
Ease of Use

5 / 5
Features & Functionality

5 / 5
Customer Support

5 / 5
Value for Money
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Pros: There are actually three things that I like about this software:

1. I like that LendingPad is accessible pretty much from anywhere as long as I have internet access. I'm able to use LendingPad from my desktop computer in the office as well as from my laptop, iPad and iPhone. I often take my iPad to open houses and I can easily pre-approve buyers on the spot and I can easily share the pre-approval letter with the buyer and the real estate agent.

2. I also like that LendingPad is essentially a paperless loan origination system and it keeps all documents easily available in the cloud. LP has a robust document management system that makes it easy to rotate pages, re-order pages, and combine documents. LP also makes it easy to see which documents have been reviewed and accepted by the underwriter.

3. Last but not least is that LP allows multiple users to work in the file at the same time which makes it easy to collaborate with Loan Assistants, Processors, Underwriters and the Closing Department. With LP, there's no more getting locked out of a file because someone else is working in it.

Cons: In the future, I would like LendingPad to integrate with a CRM which would make it easier to send out canned emails to clients at pre-determined points such as 1 day after initial inquiry, 1 week after initial inquiry, 1 month after closing, 3 months after closing, 6 months after closing, etc.... A calendar function with reminders or a to-do list would also be nice. Overall, I would say that LendingPad is the best loan origination software that I have used.

Overall: This software is easy to use and the document management system in the cloud allows me to keep my desk clutter free. It also makes it easy to collaborate with others that need access to the file at the same time.

Exceptional cloud-based loan origination system, it's intuitive and simple, highly recommended!

Jan 23, 2018
5/5
Overall

5 / 5
Ease of Use

5 / 5
Features & Functionality

5 / 5
Customer Support

5 / 5
Value for Money
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Pros: Very interactive system with a cool UI. Multiple people can access same file with live time updates, a lot of cool built ins included with system where other systems you have to pay for (i.e document management, management reports , lead generation integrations, licensing compliance check just to name a few). Also- this system is very quick, I mean screens are refreshing to the second, something I don't see often in other systems. Quick tip- take 15 to 20 min to do a tutorial of the system, really helps anchor down the bells and whistles of the system.

Cons: This is more of a wishlist item, but I'd like to be able to drag and drop my own dashboard to rearrange my pipeline. Also, I think it'll be great if the system can auto update appraisal value on the pipeline screen once appraisal is in.

Overall: It makes communications between my borrower, processor, uw and closers way easier. I can manage my pipeline and access files easily from any location, overall I have more control and visibility with my loans which translates to more loans closed.

LendingPad has helped me originate more loans in less time

Jan 29, 2018
5/5
Overall

5 / 5
Ease of Use

5 / 5
Features & Functionality

5 / 5
Customer Support

5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: LendingPad is a state of the art mortgage LOS that has allowed me as a loan officer to originate more loans. It allows the processor, underwriter, and loan officer to work on a file at the same time without any delay. LendingPad is integrated with multiple title company's and has the ability to populate the title fees with the click of a button. Not only is this user friendly, but more importantly it saves me a large amount of time per loan. If I had to use one word to describe LendingPad it would be "Fast". Fast from start to finish. This is so important in a customer service career. My clients do not have to wait as long as they did previously. This has helped me serve more people and expand my business.

Overall: It helps me close more loans and expand my book of business.

Capterra-loader

I use lending pad on a daily routine to process loan files and it makes our life so convenient!

Jan 26, 2018
5/5
Overall

5 / 5
Ease of Use

5 / 5
Features & Functionality

5 / 5
Customer Support

5 / 5
Value for Money
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Pros: I like the most that this software is very user friendly, if we are doing something wrong it will prompt us immediately. It helps us process our loan files so accurately and at the same time keeping us compliant with all the policies and procedures that we need to follow! So we absolutely love this software, wish we have some more such soft wares in daily life so life could be so easy!

Cons: Well, there is nothing as such that I like the least about this software or I would want to change as it is quite efficient and user friendly as previously mentioned!

Capterra-loader

LendingPad is the best Loan Origination Software I have ever used!

Jan 24, 2018
5/5
Overall

5 / 5
Ease of Use

5 / 5
Features & Functionality

5 / 5
Customer Support

5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: Whether you are new to the industry or a seasoned pro, LendingPad is extremely user friendly and streamlined! From origination to closing, everything you need is in one place! It also allows multiple users to edit a file at the same time and informs others as to what changes were made. All edits are done in real time. Phenomenal system!

Lending Pad is the most user friendly LOS I've ever used!! this is the premium in LOS software

Jan 23, 2018
5/5
Overall

5 / 5
Ease of Use

5 / 5
Features & Functionality

5 / 5
Customer Support

5 / 5
Value for Money

Pros: I love the ease of uploading and organizing docs. Its great that two people can be in one file at the same time. This speeds up the loan origination process so much clients will be amazed at how fast their loan will close.

Overall: Service is excellent and technical support is always willing to help if you get stuck.

A simplistic experience with a multi user interface.

Jan 23, 2018
5/5
Overall

5 / 5
Ease of Use

5 / 5
Features & Functionality

5 / 5
Customer Support

5 / 5
Value for Money

Pros: What I like about using LendingPad most is having the ability to have multiple files open at one time, this makes it easy to multi task. Also the ability to upload multiple documents at the same time as my counterparts.

Overall: The software is so detailed, understanding how to use LendingPad was easy for me.

Fast and easy to use

Jan 23, 2018
5/5
Overall

5 / 5
Ease of Use

5 / 5
Features & Functionality

5 / 5
Customer Support

5 / 5
Value for Money

Pros: It is a streamlined version of Encompass making.

Accessible from any computer.

Includes a database making it easy to track leads.

Cons: It would be nice to have a feature to price PMI so we don't have to do it through third-party websites.

I thought I already wrote a review, but apparently not, LendingPad is a superb tool for Compliance.

Jan 29, 2018
5/5
Overall

5 / 5
Ease of Use

5 / 5
Features & Functionality

5 / 5
Customer Support

5 / 5
Value for Money

Pros: LendingPad is reliable and responsive. It makes my job easier by providing concise and clear reports on things I need to report on to state and federal entities. It allows us to maintain compliance with laws and regulations easier and simpler. I would recommend this to anyone who has to deal with licensing issues in the mortgage field.

Very user friendly and easy to navigate and categorize leads.

Jan 23, 2018
5/5
Overall

5 / 5
Ease of Use

5 / 5
Features & Functionality

5 / 5
Customer Support

5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: I love how multiple users can be in the file at the same time making adjustments. It allows loan officers to work through a file alongside an underwriter or processor, easing the process of getting loans approved.

Overall: I am able to close loans in a more time-effective manner thanks to Lending Pad. It's layout is very user friendly and simplifies the lending practice.

LendingPad is an all around great experience!

Jan 23, 2018
5/5
Overall

5 / 5
Ease of Use

5 / 5
Features & Functionality

5 / 5
Customer Support

5 / 5
Value for Money

Pros: LendingPad is simple, user friendly, and so easy to use. I can't say enough good things about this software. My favorite features are the document editing features. Whether it's combining documents, re-ordering pages, rotating, or moving them between categories; you can do it all right in the system with just a few clicks!

LP has made it more convenient by keeping everything organized and very simple to navigate.

Jan 23, 2018
5/5
Overall

5 / 5
Ease of Use

5 / 5
Features & Functionality

5 / 5
Customer Support

5 / 5
Value for Money

Pros: Easy and simple to use, doesn't take long to learn how to get around and use it. There were no shortcuts taken and everything has been thought out.

Overall: It's very user friendly and anyone who doesn't have prior experience could easily learn.

Excellent seamless LOS.

Jan 23, 2018
5/5
Overall

5 / 5
Ease of Use

5 / 5
Features & Functionality

5 / 5
Customer Support

5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: Ability to work together in the same file at the same time. Ease of use with DU/LP automated underwrites.

Overall: Great LOS system to use. Overall functionality is excellent, and the product works seamlessly.

User-Friendly and Simple

Jun 11, 2018
5/5
Overall

5 / 5
Ease of Use

5 / 5
Features & Functionality

5 / 5
Customer Support

5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: LendingPad is a user friendly and reliable loan origination system. It has made my job easier as I am able to process more loans in less time. In addition, the design is clean and simple which makes it easier to use.

Cons: Well, there is no cons that I can think of at the moment. I believe there will be none moving forward!

I have used LendingPad for over a year on behalf of the Compliance Department.

Jan 23, 2018
5/5
Overall

5 / 5
Ease of Use

5 / 5
Features & Functionality

5 / 5
Customer Support

5 / 5
Value for Money

Pros: The reports feature, particularly the "NMLS Report" makes getting data a breeze for exams and reporting.

Cons: Maybe give more color options

An extraordinary system, very helpful and easy to surf.

Jan 23, 2018
5/5
Overall

5 / 5
Ease of Use

5 / 5
Features & Functionality

5 / 5
Customer Support

5 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
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Pros: I love the fact that more than one user can work at the same time in the same file in different locations .( If you are a remotely employer or simply out of vacation; you will love it)

Also, the convenience and timesaving to process several loans at once.

For this and many more reasons, I love LendingPad!