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Description

LendingPad offers a modern, cloud-based loan origination system (LOS) tailored for mortgage lenders, brokers, bankers, and credit unions. Created by industry professionals, the solution is built for efficiency, user-friendliness, and transparency—enabling teams to process loans more efficiently and provide an outstanding experience for borrowers. The system streamlines operations by consolidating processes, automating repetitive work, and maintaining regulatory compliance through a scalable, API-first framework. By eliminating workflow obstacles and simplifying daily activities, LendingPad allows mortgage teams to concentrate on customer service rather than administrative hurdles. Its adaptable design ensures that organizations of any scale can respond effectively to market shifts, regulatory changes, and new business demands.

Description

Whether your operation involves closing 50 loans each month or a staggering 5,000, our Loan Origination System (LOS) and its integrated mobile application empower Loan Officers to boost productivity while minimizing expenses. With OpenClose, you can make smarter decisions and expedite your closing processes! The OpenClose LOS, known as LenderAssist™, effectively tackles the obstacles that banks, credit unions, and mortgage lenders face with other existing loan origination solutions on the market. As a result, a growing number of financial institutions are opting for OpenClose now more than ever. Acknowledging the challenging landscape of profit constraints and rigorous regulations in which you operate, OpenClose provides a mortgage LOS that enables you to navigate these hurdles and achieve remarkable returns on investment. This understanding drove us to develop our software as a fully browser-based, comprehensive, omnichannel solution that: additionally streamlines workflows and enhances user experience, ensuring that you can focus on what matters most—serving your clients effectively.

API Access

Has API Yes 

API Access

Has API No 

Screenshots View All

Screenshots View All

Integrations

Surefire CRM Yes 
BNTouch Mortgage CRM Yes 
Charge-off Loan Tracker No 
CompenSafe No 
DocMagic Yes 
DocVu.AI No 
FormFree Yes 
Kinective Bridge No 
Lender Price Yes 
LenderHomePage Yes 
Lendware Yes 
Loansifter Yes 
LodeStar Yes 
MDE Pro Yes 
Plaid No 
Pre-Approve Me Yes 
Q2 Yes 
Shape Software Yes 
Unify CRM Yes 
myhomeIQ Yes 

Integrations

Surefire CRM Yes 
BNTouch Mortgage CRM No 
Charge-off Loan Tracker Yes 
CompenSafe Yes 
DocMagic No 
DocVu.AI Yes 
FormFree No 
Kinective Bridge Yes 
Lender Price No 
LenderHomePage No 
Lendware No 
Loansifter No 
LodeStar No 
MDE Pro No 
Plaid Yes 
Pre-Approve Me No 
Q2 No 
Shape Software No 
Unify CRM No 
myhomeIQ No 

Pricing Details

$59 per month per seat for brokers
Lenders please contact sales
Free Trial No 
Free Version No 

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Deployment

Web-Based Yes 
On-Premises Yes 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows Yes 
Mac No 
Linux No 
Chromebook No 

Customer Support

Business Hours Yes 
Live Rep (24/7) No 
Online Support Yes 

Customer Support

Business Hours Yes 
Live Rep (24/7) No 
Online Support Yes 

Types of Training

Training Docs Yes 
Webinars Yes 
Live Training (Online) Yes 
In Person Yes 

Types of Training

Training Docs No 
Webinars No 
Live Training (Online) Yes 
In Person No 

Vendor Details

Company Name

LendingPad

Founded

2015

Country

United States

Website

www.lendingpad.com

Vendor Details

Company Name

OpenClose

Founded

1999

Country

United States

Website

www.openclose.com

Product Features

Compliance

Archiving & Retention Yes 
Artificial Intelligence (AI) No 
Audit Management Yes 
Compliance Tracking Yes 
Controls Testing No 
Environmental Compliance No 
FDA Compliance No 
HIPAA Compliance No 
ISO Compliance No 
Incident Management No 
OSHA Compliance No 
Risk Management No 
Sarbanes-Oxley Compliance No 
Surveys & Feedback No 
Version Control No 
Workflow / Process Automation Yes 

Loan Origination

Amortization Schedule Yes 
Audit Trail Yes 
Closing Documents No 
Compliance Management Yes 
Customer Database Yes 
Digital Signature Yes 
Document Management Yes 
Fee Management Yes 
Loan Processing Yes 
Online Application Yes 

Mortgage and Loans

Amortization Schedule Yes 
Client Database Yes 
Closing Documents Yes 
Commercial Mortgages No 
Contact Management Yes 
Credit Reporting Yes 
Customer Statements No 
Document Management Yes 
Electronic Applications Yes 
Government Loans Yes 
Loan Origination Yes 
Loan Servicing No 
Pipeline Management Yes 
Pre-Qualification Yes 
Refinance Management Yes 
Residential Mortgages Yes 

Product Features

Loan Origination

Amortization Schedule Yes 
Audit Trail No 
Closing Documents No 
Compliance Management No 
Customer Database No 
Digital Signature No 
Document Management No 
Fee Management No 
Loan Processing No 
Online Application No 

Loan Servicing

Accounting Management No 
Amortization Schedule Yes 
Application Management No 
Auto Loans Yes 
Automatic Funds Distribution No 
Business Loans Yes 
Collateral Tracking No 
Collections Management No 
Compliance Management No 
Construction Loans Yes 
Customer Database No 
Fee Management No 
Investor Management No 
Loan Processing Yes 
Student Loans Yes 

Mortgage and Loans

Amortization Schedule Yes 
Client Database Yes 
Closing Documents No 
Commercial Mortgages No 
Contact Management Yes 
Credit Reporting Yes 
Customer Statements No 
Document Management Yes 
Electronic Applications Yes 
Government Loans Yes 
Loan Origination Yes 
Loan Servicing Yes 
Pipeline Management No 
Pre-Qualification Yes 
Refinance Management No 
Residential Mortgages Yes 

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