Instant Bank Verification vs. LendingPad Comparison


Instant Bank Verification MicroBilt	LendingPad	+	+
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About Instant Bank Verification provides real-time, user-permissioned financial data aggregation and verification designed for lenders. What you can do with IBV? Verify users’ identities and reduce fraud. Verify real-time account balances. Understand income and verify employment. Access detailed transaction history. Verify borrowers’ assets straight from the source. Add flexible pricing - where you only pay for services when you use them - and IBV stands apart as a right-sized solution for your loan originations. Ideal for retail loan origination, short term lending, auto financing, property rental, and more. IBV is powered by an easy to integrate web portal that can be added directly to your existing website or a fully documented API. To better understand how IBV works, check out the demo on our website.		About LendingPad is a cloud-based loan origination system designed to help mortgage teams operate more efficiently from application to funding. The platform brings together real-time collaboration, automated task routing, borrower document collection, live pipeline visibility, configurable workflows, compliance tools, and scalable editions for credit unions, banks, mortgage lenders, non-delegated lenders, and brokers. LendingPad gives mortgage organizations the technology they need to move loans forward with greater speed and control. Whether teams are looking to simplify origination, reduce manual handoffs, improve visibility, or support growth across lending models, LendingPad delivers a flexible platform built for the way mortgage professionals work today.
Platforms Supported Windows Not Supported Mac Not Supported Linux Not Supported Cloud Supported On-Premises Not Supported iPhone Not Supported iPad Not Supported Android Not Supported Chromebook Not Supported		Platforms Supported Windows Not Supported Mac Not Supported Linux Not Supported Cloud Supported On-Premises Supported iPhone Not Supported iPad Not Supported Android Not Supported Chromebook Not Supported
Audience Lenders		Audience Lenders, Banks, Credit Unions, and Brokers in need of a cloud solution to accelerate their lending portfolio
Support Phone Support Supported 24/7 Live Support Supported Online Supported		Support Phone Support Supported 24/7 Live Support Not Supported Online Supported
API Offers API Not Supported		API Offers API Supported
Screenshots and Videos View more images or videos		Screenshots and Videos View more images or videos
Pricing Flexible pricing. Contact us for details. Free Version Not Supported Free Trial Not Supported		Pricing $59 per month per seat for brokers Lenders please contact sales Free Version Not Supported Free Trial Not Supported
Reviews/Ratings Overall 3.5 / 5 ease 4.0 / 5 features 4.0 / 5 design 3.0 / 5 support 4.0 / 5 Read all reviews		Reviews/Ratings Read all reviews
Pros & Cons from Real Users Pros Its real time verification with banks allowed the lender's verification process in less time. It directly cross verify with the depositor bank details, its account linked, transactions, and MOD balance to confirm the financial strength. We love that we are able to have an efficient and automated way for customers to provide us bank data and verification both in our stores and on-line. This reduces time for both our customers and our CSR's. Cons Its api integration is only with limited devices and sync error displays when open with multi devices. What we feel is missing from this service: Our number one request is real time balance/available balance check. Full account # All accounts tied to the log in. More accurate income identification (Direct Deposit amount, frequency and depositor.) Better transaction tags/groupings
Training Documentation Supported Webinars Not Supported Live Online Supported In Person Not Supported		Training Documentation Supported Webinars Supported Live Online Supported In Person Supported
Company Information MicroBilt Founded: 1978 United States www.ibvnow.com		Company Information LendingPad Founded: 2015 United States www.lendingpad.com
Alternatives Flinks		Alternatives Help With My Loan
Plaid		ABLE Platform
ABLE Platform		MeridianLink Mortgage MeridianLink
Kinective Bridge Kinective		Fiserv Mortgage Director Fiserv
Alviere Hive Alviere View All		Lenvi View All
Categories Bank Verification Supported Banking Supported Embedded Finance Supported Financial Data APIs Supported Financial Risk Management Supported Financial Services Supported Fraud Detection Supported Loan Origination Supported Online Banking Supported		Categories Compliance Supported Loan Management Supported Loan Origination Supported Mortgage and Loans Supported
Loan Origination Features Amortization Schedule Not Supported Audit Trail Supported Closing Documents Not Supported Compliance Management Not Supported Customer Database Supported Digital Signature Not Supported Document Management Not Supported Fee Management Not Supported Loan Processing Not Supported Online Application Not Supported Show More Features Banking Features ATM Management Not Supported Compliance Tracking Not Supported Corporate Banking Not Supported Credit Card Management Not Supported Credit Union Not Supported Investment Banking Not Supported Multi-Branch Not Supported Online Banking Not Supported Private Banking Not Supported Retail Banking Not Supported Risk Management Supported Securities Management Not Supported Transaction Monitoring Supported Financial Risk Management Features Compliance Management Not Supported Credit Risk Management Supported For Hedge Funds Not Supported Liquidity Analysis Not Supported Loan Portfolio Management Not Supported Market Risk Management Not Supported Operational Risk Management Not Supported Portfolio Management Not Supported Portfolio Modeling Not Supported Risk Analytics Benchmarks Not Supported Stress Tests Not Supported Value At Risk Calculation Not Supported Financial Services Features Analytics Not Supported Branch Optimization Not Supported Channel Management Not Supported Compliance Management Not Supported Customer Engagement Not Supported Performance Management Not Supported Risk Management Supported Fraud Detection Features Access Security Management Not Supported Check Fraud Monitoring Not Supported Custom Fraud Parameters Not Supported For Banking Supported For Crypto Not Supported For eCommerce Not Supported For Insurance Industry Not Supported Internal Fraud Monitoring Not Supported Investigator Notes Not Supported Pattern Recognition Not Supported Transaction Approval Not Supported Online Banking Features Brokerage Not Supported Cash Management Not Supported Chat / Messaging Not Supported Credit Card Management Not Supported Electronic Statements Supported Fraud Detection Supported Loan Management Not Supported Marketing Automation Not Supported Retail Banking Not Supported Single Sign On Not Supported Transaction Monitoring Supported		Loan Origination Features Amortization Schedule Supported Audit Trail Supported Closing Documents Not Supported Compliance Management Supported Customer Database Supported Digital Signature Supported Document Management Supported Fee Management Supported Loan Processing Supported Online Application Supported Show More Features Compliance Features Archiving & Retention Supported Artificial Intelligence (AI) Not Supported Audit Management Supported Compliance Tracking Supported Controls Testing Not Supported Environmental Compliance Not Supported FDA Compliance Not Supported HIPAA Compliance Not Supported Incident Management Not Supported ISO Compliance Not Supported OSHA Compliance Not Supported Risk Management Not Supported Sarbanes-Oxley Compliance Not Supported Surveys & Feedback Not Supported Version Control Not Supported Workflow / Process Automation Supported Mortgage and Loans Features Amortization Schedule Supported Client Database Supported Closing Documents Supported Commercial Mortgages Not Supported Contact Management Supported Credit Reporting Supported Customer Statements Not Supported Document Management Supported Electronic Applications Supported Government Loans Supported Loan Origination Supported Loan Servicing Not Supported Pipeline Management Supported Pre-Qualification Supported Refinance Management Supported Residential Mortgages Supported
Integrations BNTouch Mortgage CRM Not Supported DocMagic Not Supported Factual Data Not Supported FormFree Not Supported Lender Price Not Supported LenderHomePage Not Supported Lendware Not Supported Loansifter Not Supported LodeStar Not Supported MDE Pro Not Supported Mercury Network Not Supported Pre-Approve Me Not Supported Q2 Not Supported Shape Software Not Supported Surefire CRM Not Supported Unify CRM Not Supported myhomeIQ Not Supported Show More Integrations		Integrations BNTouch Mortgage CRM Supported DocMagic Supported Factual Data Supported FormFree Supported Lender Price Supported LenderHomePage Supported Lendware Supported Loansifter Supported LodeStar Supported MDE Pro Supported Mercury Network Supported Pre-Approve Me Supported Q2 Supported Shape Software Supported Surefire CRM Supported Unify CRM Supported myhomeIQ Supported Show More Integrations View All 17 Integrations
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