G2

David Z.

Certified Sys Admin

Financial Services

Mid-Market (51-1000 emp.)

1/6/2021

"Closer, AUS origination support"

5/5

What do you like best about LendingPad?

Web and cloud based LOS. This allows us to work from home or anywhere as long as we have a computer with an internet connection. As a closer and company-wide origination supporter, I can easily work with coworkers on the same loan at the same time anywhere. With LendingPad, we only need a few button clicks to close loans. For example: closing doc, initial disclosure, Loan estimate e-sign, Direct run Fannie/Freddie AUS, UCD, MERS register, credit, flood, VVOE, and a lot of processing needed integrations. With it, our closer, processor, loan officer, and underwriter could close hundreds of loans per month per person. I know people may not believe that hundreds of loans per person per month, but this is true, we did this in 2020 for the whole year. Our peak data shows our top closer closed 260+ in one month. YES, with LendingPad you could do it too. Review collected by and hosted on G2.com.

What do you dislike about LendingPad?

Hope LendingPad can release business rules automation as soon as possible. This will improve most users' work and could be huge for our management in handling origination tasks. It will reduce compliance issues from day one. Review collected by and hosted on G2.com.

Recommendations to others considering LendingPad:

YES, with LendingPad you could close hundreds of loans per month per person. This is true and we already did it during past mortgage application boom months. Review collected by and hosted on G2.com.

What problems is LendingPad solving and how is that benefiting you?

Simple to use even with the new URLA release. We thought using it might have a big difference compared to the old 1003. But actually, with LendingPad's new URLA updates, our users don't need training and can directly originate new URLA loans without questions. This helps a lot. Review collected by and hosted on G2.com.