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LendingPad

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Company health

Employee growth
25% increase in the last year
Web traffic
7% increase in the last quarter

Ratings

G2
4.7/5
(168)

LendingPad description

LendingPad is a cloud-based loan origination software (LOS) designed for mortgage industry professionals. It offers a centralized platform to manage the entire loan lifecycle, from application to closing, with features such as automated workflows, document management, and compliance tools. LendingPad focuses on providing a user-friendly system that is quick to implement and easily scalable, aiming to increase efficiency and reduce the operational costs of mortgage lending for brokers, lenders, and credit unions.


Who is LendingPad best for

LendingPad is a user-friendly cloud-based loan origination system (LOS) designed for mortgage professionals. It streamlines the entire loan lifecycle from application to closing, offering automated workflows, document management, and compliance tools. Users praise its ease of use and responsive customer support, while some note occasional glitches and slow loading times. LendingPad helps brokers, lenders, and credit unions increase efficiency and reduce operational costs.

  • Best fit for small to medium-sized businesses in the mortgage industry.

  • Ideal for mortgage brokers, lenders, and credit unions seeking to streamline operations.


LendingPad features

Supported

LendingPad offers a built-in document management system.

Supported

LendingPad offers a customizable loan management dashboard with real-time updates and insights.

Supported

LendingPad offers integrations with various business tools, including Zapier, Surefire CRM, and services for credit, valuation, and title.

Qualities

We evaluate the sentiment that users express about non-functional aspects of the software

Value and Pricing Transparency

Rather positive
+0.5

Customer Service

Strongly positive
+1

Ease of Use

Rather positive
+0.69

Reliability and Performance

Neutral
+0.14

Ease of Implementation

Rather positive
+0.5

LendingPad reviews

We've summarised 168 LendingPad reviews (LendingPad G2 reviews) and summarised the main points below.

Pros of LendingPad
  • Easy to use and navigate with a user-friendly interface.
  • Excellent and responsive customer support via chat.
  • Reliable file storage and accessibility from any device with internet access.
  • Frequent updates and continuous improvements.
  • Seamless integration with many other platforms, including CRMs and POS systems.
Cons of LendingPad
  • Occasional glitches and errors can cause frustration and lost information.
  • Load times, especially for the Pipeline view, can be slow.
  • Limited customization for certain features.
  • Mobile app functionality is limited.
  • Integration with some lenders can be difficult.

LendingPad pricing

The commentary is based on 10 reviews from LendingPad G2 reviews.

LendingPad is generally considered affordable and offers good value, especially highlighting its reasonable per-user cost. Some users mentioned added costs for features like eSign, while others found the pricing to be worth the investment given the features and functionality.

Users sentiment

Rather positive
+0.5

LendingPad alternatives

  • Logo of CloudBankin
    CloudBankin
    Modern lending platform. Streamlines loans, from origination to servicing.
    Read more
  • Logo of Maxwell
    Maxwell
    Modern mortgage platform simplifying lending from origination to close.
    Read more
  • Logo of Floify
    Floify
    Streamlines mortgage workflows, automating communication and document collection.
    Read more
  • Logo of BusinessBANKER
    BusinessBANKER
    Streamlines lending, from application to decision, boosting efficiency.
    Read more
  • Logo of LoanPro
    LoanPro
    Lending platform automating loans from application to collection.
    Read more
  • Logo of Finanta
    Finanta
    Streamlines commercial loans for banks, boosting efficiency and insights.
    Read more

LendingPad FAQ

  • What is LendingPad and what does LendingPad do?

    LendingPad is a cloud-based loan origination system (LOS) for mortgage professionals. It streamlines the entire loan lifecycle, from application to closing, through automated workflows, document management, and compliance tools. LendingPad is known for its user-friendly interface and easy implementation.

  • How does LendingPad integrate with other tools?

    LendingPad integrates with several tools and services, including Zapier, Surefire CRM, and various services for credit, valuation, and title. This allows for streamlined workflows and enhanced functionality within the platform.

  • What the main competitors of LendingPad?

    Top LendingPad alternatives include Sageworks Lending, BusinessBANKER, and CloudBankin. These competitors offer similar loan origination and management features, catering to financial institutions of varying sizes. They focus on streamlining lending processes, improving efficiency, and automating workflows.

  • Is LendingPad legit?

    LendingPad is a legitimate cloud-based loan origination software. User reviews praise its ease of use and responsive customer support. While some users mention occasional glitches and slow loading times, LendingPad is generally considered a safe and reliable platform for mortgage professionals.

  • How much does LendingPad cost?

    LendingPad doesn't publicly disclose its pricing. Contact their sales team for a customized quote based on your specific loan origination software needs.

  • Is LendingPad customer service good?

    LendingPad's customer service is frequently praised in reviews. Users highlight the readily available and responsive support team, particularly through the chat feature, as a key strength. While some mention occasional system glitches, the quick and helpful support seems to mitigate these issues effectively.


Reviewed by

MK
Michal Kaczor
CEO at Gralio

Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.

TT
Tymon Terlikiewicz
CTO at Gralio

Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.

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