LendingPad vs. OpenClose Comparison


LendingPad	OpenClose	+	+
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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.		About Whether you close 50 loans per month or 5,000, our LOS and its native mobile app allow your Loan Officers to enhance efficiencies and reduce costs. With OpenClose, you’ll open smarter and close faster! The OpenClose LOS, LenderAssist™, solves the challenges banks, credit unions and mortgage lenders have with today’s other commercially available loan origination systems. The result? More and more banks, credit unions and mortgage lenders are turning to OpenClose than ever before. OpenClose understands that you operate your mortgage business in a profit-pinched, regulatory-intense environment and that you need a mortgage LOS that helps you address these challenges and surpass expected ROI. That’s why we designed our software as a 100% browser-based, end-to-end, omnichannel solution that:
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		Platforms Supported Windows 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
Audience Lenders, Banks, Credit Unions, and Brokers in need of a cloud solution to accelerate their lending portfolio		Audience Lenders in need of a Loan Origination solution
Support Phone Support Supported 24/7 Live Support Not Supported Online Supported		Support Phone Support Supported 24/7 Live Support Not Supported Online Supported
API Offers API Supported		API Offers API Not Supported
Screenshots and Videos View more images or videos		Screenshots and Videos View more images or videos
Pricing $59 per month per seat for brokers Lenders please contact sales Free Version Not Supported Free Trial Not Supported		Pricing No information available. Free Version Not Supported Free Trial Not Supported
Reviews/Ratings Read all reviews		Reviews/Ratings Overall 0.0 / 5 ease 0.0 / 5 features 0.0 / 5 design 0.0 / 5 support 0.0 / 5 This software hasn't been reviewed yet. Be the first to provide a review: Review this Software

Training Documentation Supported Webinars Supported Live Online Supported In Person Supported		Training Documentation Not Supported Webinars Not Supported Live Online Supported In Person Not Supported
Company Information LendingPad Founded: 2015 United States www.lendingpad.com		Company Information OpenClose Founded: 1999 United States www.openclose.com
Alternatives Help With My Loan		Alternatives Mortgage Cadence
ABLE Platform		MeridianLink Mortgage MeridianLink
MeridianLink Mortgage MeridianLink		Mortgage+Care Consulting Plus
Fiserv Mortgage Director Fiserv		LendingPad
Lenvi View All		Encompass ICE Mortgage Technology View All
Categories Compliance Supported Loan Management Supported Loan Origination Supported Mortgage and Loans Supported		Categories Loan Origination Supported Loan Servicing Supported Mortgage and Loans 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 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 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		Loan Origination Features Amortization Schedule Supported Audit Trail Not Supported Closing Documents Not Supported Compliance Management Not Supported Customer Database Not Supported Digital Signature Not Supported Document Management Not Supported Fee Management Not Supported Loan Processing Not Supported Online Application Not Supported Mortgage and Loans Features Amortization Schedule Supported Client Database Supported Closing Documents Not 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 Supported Pipeline Management Not Supported Pre-Qualification Supported Refinance Management Not Supported Residential Mortgages Supported Show More Features Loan Servicing Features Accounting Management Not Supported Amortization Schedule Supported Application Management Not Supported Auto Loans Supported Automatic Funds Distribution Not Supported Business Loans Supported Collateral Tracking Not Supported Collections Management Not Supported Compliance Management Not Supported Construction Loans Supported Customer Database Not Supported Fee Management Not Supported Investor Management Not Supported Loan Processing Supported Student Loans Supported
Integrations Surefire CRM Supported BNTouch Mortgage CRM Supported Charge-off Loan Tracker Not Supported CompenSafe Not Supported DocMagic Supported DocVu.AI Not Supported Factual Data Supported FormFree Supported Lender Price Supported LenderHomePage Supported Lendware Supported Loansifter Supported LodeStar Supported MDE Pro Supported Mercury Network Supported Plaid Not Supported Pre-Approve Me Supported Shape Software Supported Unify CRM Supported myhomeIQ Supported Show More Integrations View All 17 Integrations		Integrations Surefire CRM Supported BNTouch Mortgage CRM Not Supported Charge-off Loan Tracker Supported CompenSafe Supported DocMagic Not Supported DocVu.AI 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 Plaid Supported Pre-Approve Me Not Supported Shape Software Not Supported Unify CRM Not Supported myhomeIQ Not Supported Show More Integrations View All 6 Integrations
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