List of Top 10+ Best Mortgage Software for Banks & Financial Institutions (Free & Paid)

» What is Mortgage Software? - Are you tired of sifting through endless paperwork and countless hours trying to find the perfect mortgage plan? Say goodbye to the traditional, time-consuming process and hello to innovative mortgage software. Mortgage software is a software program that helps mortgage lenders originate and service loans. The software typically includes a loan origination system (LOS), which handles loan applications, and a loan servicing system, which manages post-closing activities such as payments, escrow, and collections. Some plans also include customer relationship management (CRM) functionality to help mortgage originators build relationships with borrowers.

» How to Choose the Best Mortgage Software? - When choosing the best mortgage software, it is essential to consider its features and how they fit your needs. Ensure you review any user reviews or case studies of other companies using the same software. It is also essential to understand the technical capabilities needed to use the software, such as operating systems compatibility and hardware requirements. You should also consider whether or not customer service and training can be provided by the vendor if needed. Finally, consider pricing options when making a decision – ensure you get value for your money and that all necessary features are included in the package you select. Whether you are a broker or lender looking for the best mortgage software to streamline your workflows or a consumer interested in evaluating different providers, below will provide you with information about the top 10+ mortgage software solutions:

best Mortgage Software

» Our score is based on user satisfaction (reviews & ratings), social media buzz, online presence, and other relevant information. If your software is part of this list, use this badge on your website and social media to let your readers know about your success.

List of Best Mortgage Lending Software | Best Mortgage Loan Origination Software Reviews

SimpleNexus - Best Mortgage Software

1. SimpleNexus – Mortgage software & technology for the modern lender

Our Score 98/100

About SimpleNexus: SimpleNexus is a cutting-edge mortgage origination software that enables lenders to originate and process loans faster and more efficiently. The software’s streamlined interface makes it easy for users to navigate and find the necessary information. At the same time, its powerful loan management capabilities allow lenders to track their loan portfolios easily. Additionally, SimpleNexus offers a wide range of features and integrations, making it an ideal solution for both small and large lenders. SimpleNexus makes it easier to originate loans remotely or in person anytime from anywhere. Whether you’re an independent broker or a large lending institution, SimpleNexus can help you close more loans quickly while providing unparalleled customer satisfaction.

SimpleNexus Features: Amortization Schedule, Electronic Applications, Pre-Qualification, Borrower Management, Document Management, Compliance Management, Accounting, Escrow Management, Client Database, Commercial Mortgages, Credit Reporting, CRM, For Brokers, Lead Management, Loan Origination, Loan Servicing, Residential Mortgages

“We absolutely love SimpleNexus as our mobile mortgage app! SimpleNexus makes things so easy for loan officers, processors and even the admins.” – Amy Blum

SimpleNexus Reviews

SimpleNexus

United States

201 – 500

2014

Not provided by vendor

No

4.8

117+ Reviews

4.9

87+ Reviews

Mortgage Automator - Best Mortgage Software

2. Mortgage Automator – Complete Loan Origination and Servicing Software

Our Score 98/100

About Mortgage Automator: If you’re in the mortgage industry, you know that automation is critical to success. Mortgage Automator is mortgage broker software that streamlines the loan process from application to closing. It’s an end-to-end solution that helps brokers close more loans faster and with less hassle.Mortgage Automator includes a powerful loan origination system (LOS) that lets you quickly and easily create loan applications, track leads, run credit reports, and more. The software also features a built-in underwriting engine so you can get loan approvals faster. Plus, an integrated document management system (DMS) makes it easy to store and manage all your loan documents in one place. With Mortgage Automator, you can close more loans in less time – which means more commissions for you!

Mortgage Automator Features: Amortization Schedule, Electronic Applications, Pre-Qualification, Borrower Management, Document Management, Compliance Management, Accounting, Escrow Management, Client Database, Commercial Mortgages, Credit Reporting, CRM, For Brokers, Lead Management, Loan Origination, Loan Servicing, Residential Mortgages

“We get a lot more work done, and you really do get what you pay for in this industry. The one thing that I would really like to say about Mortgage Automator is if there’s something that isn’t already implemented in the system, I call up the team and tell them about my idea. And I would say, nine times out of ten, they usually have it implemented within a month or two. So it has been really great from a service perspective.” – Jordan Wyborn

Mortgage Automator Reviews

Mortgage Automator

Canada

11 – 50

2017

Not provided by vendor

No

4.9

69+ Reviews

0.0

0 Reviews

LendingPad - Best Mortgage Software

3. LendingPad – LendingPad’s innovative loan origination system

Our Score 98/100

About LendingPad: LendingPad is a state-of-the-art mortgage loan software that offers comprehensive solutions for lenders, brokers, and loan officers. This web-based platform simplifies the entire process from origination to closing by streamlining the workflow with automated tasks and powerful analytics. Its intuitive user interface makes it easy to apply for loans, track progress, manage documents, create reports, and more. As a result, LendingPad helps you make faster decisions while ensuring compliance with all applicable regulations. It also allows you to quickly identify potential problem areas to mitigate risks. From start to finish, LendingPad provides an efficient solution that keeps everyone on the same page throughout the mortgage loan process. With LendingPad, you can easily manage your loans and track your progress throughout the loan lifecycle. With its intuitive interface and powerful features, LendingPad is the perfect solution for any mortgage professional looking to streamline their workflow.

LendingPad Features: Amortization Schedule, Electronic Applications, Pre-Qualification, Borrower Management, Document Management, Compliance Management, Accounting, Escrow Management, Client Database, Commercial Mortgages, Credit Reporting, CRM, For Brokers, Lead Management, Loan Origination, Loan Servicing, Residential Mortgages

“I have been using Lending Pad for 2+ year sand I absolutely love it. It is so simple to use. It only took a few days to learn the system. Service is amazing as well. Questions and issues are resolved promptly” – Yury S

LendingPad Reviews

LendingPad Corp

United States

11 – 50

2015

Not provided by vendor

No

4.5

64+ Reviews

4.8

95+ Reviews

Calyx Point - Best Mortgage Software

4. Calyx Point – Creating quality loan origination software

Our Score 97/100

About Calyx Point: If you’re in the market for mortgage software, Calyx Point is a company’s mortgage software. It offers a wide range of features, including loan origination, processing, and underwriting, as well as servicing and secondary market capabilities. Calyx Point is a web-based software accessed from any internet-connected device, making it a convenient solution for busy professionals. It’s also scalable so that it can grow with your business. Loan Origination: The software includes everything you need to originate loans, from initial application to closing. Processing and Underwriting: Calyx Point streamlines the processing and underwriting of loans, so you can get approvals quickly. Servicing: The software includes powerful servicing tools to help you stay on top of loan payments and keep track of customer information.

Calyx Point Features: Amortization Schedule, Electronic Applications, Pre-Qualification, Borrower Management, Document Management, Compliance Management, Accounting, Escrow Management, Client Database, Commercial Mortgages, Credit Reporting, CRM, For Brokers, Lead Management, Loan Origination, Loan Servicing, Residential Mortgages

“I want to personally thank you for the last 25 years that you have been providing your Point LOS to my company. I have been through many different markets and many thousands of clients during that time and Calyx has always been there for me. As the industry has changed, so has Calyx and Point, to meet my every need.” – Mark Favaloro

Calyx Point Reviews

Calyx Software

United States

51 – 200

1998

Not provided by vendor

No

3.5

46+ Reviews

0.0

0 Reviews

Encompass - Best Mortgage Software

5. Encompass – Industry-Leading Mortgage Software Solutions

Our Score 97/100

About Encompass: If you’re lending money for mortgages, you know how important it is to have a good mortgage lending software solution. There are many different options out there, but one that’s gained a lot of popularity in recent years is Encompass from Ellie Mae. Encompass is a comprehensive mortgage lending software solution that helps lenders originate, process, and fund loans faster and more efficiently. In addition, it offers several features and benefits that can streamline your workflow and help you close more loans. Encompass can help you save time and money by automating many tasks in originating, processing, and funding loans. It’s an invaluable tool for any lender who wants to improve efficiency and close more loans.

Encompass Features: Amortization Schedule, Electronic Applications, Pre-Qualification, Borrower Management, Document Management, Compliance Management, Accounting, Escrow Management, Client Database, Commercial Mortgages, Credit Reporting, CRM, For Brokers, Lead Management, Loan Origination, Loan Servicing, Residential Mortgages

“Personally, I think Encompass Data Connect is one of the best products ICE Mortgage Technology has delivered in their new technology stack. Their developers took our feedback and implemented it into the product. It’s exactly what we needed.” – Michele Buschman

Encompass Reviews

ICE Mortgage Technology

United States

1,001 – 5,000

1997

Not provided by vendor

No

3.9

37+ Reviews

4.2

61+ Reviews

MeridianLink Mortgage - Best Mortgage Software
Our Score 97/100

About MeridianLink Mortgage: Mortgage software helps mortgage lenders originate loans and manage the loan origination process. It includes loan origination systems (LOS), used to track and manage loan applications, and mortgage CRM software, which helps lenders cultivate relationships with borrowers and referral sources. MeridianLink Mortgage is a cloud-based loan origination software that offers a complete suite of tools for originating, underwriting, and servicing loans. It includes an integrated point-of-sale (POS) system that allows borrowers to apply for loans online, in person, or over the phone. MeridianLink Mortgage also offers a mobile app for originators that enables them to access their loan files from anywhere. In addition, the app includes a built-in camera that can be used to capture signatures and other documents.

MeridianLink Mortgage Features: Amortization Schedule, Electronic Applications, Pre-Qualification, Borrower Management, Document Management, Compliance Management, Accounting, Escrow Management, Client Database, Commercial Mortgages, Credit Reporting, CRM, For Brokers, Lead Management, Loan Origination, Loan Servicing, Residential Mortgages

“Meridianlink helped to completely redesign our indirect workflow using their full integration with CUDL, which really improved our services offered to our members and dealerships, raising our instant decision ratio from 4% to over 30%.” – Kristen Gilroy

MeridianLink Mortgage Reviews

MeridianLink

United States

501 – 1,000

1998

Not provided by vendor

No

4.5

15+ Reviews

3.6

14+ Reviews

Maxwell - Best Mortgage Software

7. Maxwell – Maxwell’s Mortgage Optimization Platform

Our Score 97/100

About Maxwell: Maxwell is a cloud-based mortgage software that offers a suite of products to help streamline the mortgage process. From loan origination and underwriting to closing and post-closing, Maxwell provides a complete end-to-end solution for lenders of all sizes. Maxwell’s Loan Origination System (LOS) is designed to simplify and automate the loan origination process. It offers a streamlined workflow, robust data management, and built-in compliance tools. With Maxwell, lenders can quickly and easily originate loans with confidence. Maxwell’s Underwriting System is a powerful tool that automates the underwriting process and provides real-time decisioning. It includes hundreds of customizable rules and guidelines and support for multiple types of loans. With Maxwell’s Underwriting System, lenders can get loans approved faster and with fewer conditions.

Maxwell Features: Amortization Schedule, Electronic Applications, Pre-Qualification, Borrower Management, Document Management, Compliance Management, Accounting, Escrow Management, Client Database, Commercial Mortgages, Credit Reporting, CRM, For Brokers, Lead Management, Loan Origination, Loan Servicing, Residential Mortgages

“Our focus on innovation has helped to enhance our member experience, and Maxwell has been an amazing partner on this journey. Since launch, our customer NPS has gone from 72 to over 90.” – Michael Kenneth Sawyer

Maxwell Reviews

Maxwell Financial Labs

United States

51 – 200

2015

Not provided by vendor

No

4.8

11+ Reviews

4.5

01+ Reviews

Blend - Best Mortgage Software

8. Blend – Introducing Composable Origination

Our Score 96/100

About Blend: Blend is the best mortgage lending software on the market. It offers a comprehensive suite of tools and features to help lenders streamline their operations, increase productivity and boost customer satisfaction. From loan origination to underwriting, Blend helps keep all processes running smoothly while keeping track of client data in one centralized location. With intuitive dashboards that provide real-time visibility into key performance metrics, Blend enables lenders to make informed decisions faster and more accurately than ever before. Its powerful analytics capabilities also allow users to access actionable insights about their customers’ behavior for better decision-making and increased profits. If you’re looking for the best mortgage software on the market, Blend is a clear choice.

Blend Features: Amortization Schedule, Electronic Applications, Pre-Qualification, Borrower Management, Document Management, Compliance Management, Accounting, Escrow Management, Client Database, Commercial Mortgages, Credit Reporting, CRM, For Brokers, Lead Management, Loan Origination, Loan Servicing, Residential Mortgages

“The KeyBank mortgage experience was missing a certain level of client engagement. Blend’s technology gives clients more visibility into their loan application process, but also allows them to communicate with their loan officer as needed.” – Ken Raskin

Blend Reviews

Blend

United States

1,001 – 5,000

2012

Not provided by vendor

No

3.6

05+ Reviews

0.0

0 Reviews

Mortgage Cadence Platform - Best Mortgage Software

9. Mortgage Cadence Platform – One Seamless Mortgage Experience

Our Score 96/100

About Mortgage Cadence Platform: The Mortgage Cadence Platform is widely considered to be the best mortgage loan origination software on the market. It offers a wide range of features and functionality and is highly customizable to meet the needs of any size lending institution. The platform is also very user-friendly, making it easy for loan originators to get up and running quickly. One of the critical features of the Mortgage Cadence Platform is its ability to automate many of the tasks associated with originating a loan. It includes tasks such as pulling credit reports, ordering appraisals, and verifying employment. This automation can save originators a significant amount of time, which can be used to generate more business. So if you’re looking for the best mortgage loan origination software on the market, look no further than the Mortgage Cadence Platform. With its wide range of features and customization options, it’s sure to meet your needs.

Mortgage Cadence Platform Features: Amortization Schedule, Electronic Applications, Pre-Qualification, Borrower Management, Document Management, Compliance Management, Accounting, Escrow Management, Client Database, Commercial Mortgages, Credit Reporting, CRM, For Brokers, Lead Management, Loan Origination, Loan Servicing, Residential Mortgages

“The consumer interface of this program is nice and easy for borrowers to use which is a critical step for the initial application.” – Vinny C.

Mortgage Cadence Platform Reviews

Mortgage Cadence

United States

201 – 500

1999

Not provided by vendor

No

4.7

03+ Reviews

0.0

0 Reviews

Mortgage Coach - Best Mortgage Software

10. Mortgage Coach – One partner for complete mortgage solutions

Our Score 96/100

About Mortgage Coach: Mortgage Coach is a powerful mortgage loan software designed to help lenders better serve their customers. It streamlines the process of coaching customers through the mortgage process, from pre-qualification to closing and beyond. With its easy-to-use interface, it helps lenders deliver an exceptional level of customer service while providing them with real-time data regarding current market conditions so they can make informed decisions quickly. Mortgage Coach also offers quick access to calculators and other resources that enable users to make smarter financial decisions when applying for a mortgage loan. In addition, the cloud-based platform enables lenders to easily manage multiple loans at once, making communication between lenders and borrowers more efficient.

Mortgage Coach Features: Amortization Schedule, Electronic Applications, Pre-Qualification, Borrower Management, Document Management, Compliance Management, Accounting, Escrow Management, Client Database, Commercial Mortgages, Credit Reporting, CRM, For Brokers, Lead Management, Loan Origination, Loan Servicing, Residential Mortgages

“people will always do business with those who intentionally bring value and have the mindset of the customer first. Mortgage Coach clearly shows a customer that you are listening and serving their unique needs. Using Mortgage Coach offers the ultimate value, which then earns you the business.” – Shayla Gifford

Mortgage Coach Reviews

MortgageCoach.com

United States

11 – 50

1997

Not provided by vendor

No

5.0

01+ Reviews

0.0

0 Reviews

Finastra - Best Mortgage Software

11. Finastra – Market leading point of sale and mortgage origination software

Our Score 96/100

About Finastra: Finastra’s mortgage loan origination software is designed to help financial institutions of all sizes streamline the entire mortgage process—from application to post-closing. Its intuitive user interface simplifies complex tasks, allowing users to quickly and easily capture data, track progress, manage documents and generate reports. It also integrates with other systems, such as Salesforce CRM and Sage Accounting, for smooth transactions. In addition, the software is backed by a team of experienced professionals who are always available to provide support when needed. With its cutting-edge technology, Finastra has revolutionized the industry for customers and lenders alike – providing an efficient way to originate loans in record time.

Finastra Features: Amortization Schedule, Electronic Applications, Pre-Qualification, Borrower Management, Document Management, Compliance Management, Accounting, Escrow Management, Client Database, Commercial Mortgages, Credit Reporting, CRM, For Brokers, Lead Management, Loan Origination, Loan Servicing, Residential Mortgages

“As a business, do you struggle with trying to enhance your customer experience through the use of today’s technology? Finastra’s holistic High-value Services Team has played a pivotal role in helping us reset our thought process. Their engagement team has set us on course to close our technology use gaps, through a comprehensive process that will redesign how we do business going forward and create sustainable success.” – Eric Albrecht

Finastra Reviews

Finastra

Canada

10,001+

2001

$3000.00 /month

No

0.0

0 Reviews

0.0

0 Reviews

Frequently Asked Questions (F&Q)

» What are the prime features of Mortgage Software?

The prime features of mortgage software include customer relationship management (CRM), loan origination system (LOS) capabilities, automated underwriting systems (AU), and document imaging and management. CRM helps keep track of borrower information such as credit history, employment details, contact data, etc., while LOS assists with application processing and automated decision-making.

» What are the benefits of Mortgage Software?

Mortgage software can be an excellent asset for any mortgage business. This type of software streamlines obtaining, managing, and processing loans by automating many tedious tasks. It allows lenders to quickly review loan applications, keep track of loan documents, generate reports, assign tasks to staff members, and provide timely customer service. Mortgage software also helps lenders ensure compliance with industry regulations while minimizing risk exposure.

» How much does Mortgage Software cost?

Mortgage software can vary significantly in cost. Generally, the price of a primary mortgage software package will start around $250, but more advanced packages may come with an annual license fee and run up to several thousand dollars. The features of the software and its complexity are critical factors in determining price, as well as whether there is any customization or integration with existing systems that your tech team must do.

» Does Mortgage Software have customer support available 24/7?

Most mortgage software companies offer customer support that is available 24/7. It can benefit customers who need assistance during off hours or on weekends, as many lenders are still processing loan applications even during these times. By having customer support available 24/7, mortgage software companies ensure that they can provide the best service possible to their customers and promptly help them with any problems or issues they may have.

» How can Mortgage Software improve our lending process?

Mortgage software can help improve the lending process by streamlining and automating many complex tasks associated with mortgage origination. For example, the software can simplify loan processing, document management, risk analysis, compliance review, and more.

Related Software Categories

» Best Accounting Software - Say goodbye to the burdens of the age-old three-ring binder bookkeeping files with accounting software, an efficient and systematic solution to business organizations of all sizes.

» Best Mortgage CRM Software - The loan CRM software is an application that makes loan processing easy. It comprises all the customers' records for further investigation to keep them safe, which you can easily retrieve with the help of the software.

» Best CRM Software with Case Management - CRM software has become the standard for customer relationship management. Relational database software can handle customer relations and store customer information effectively.

» Best CRM Software with Client Management - With so many software options on the market and a seemingly endless supply of acronyms (SFA, CRM, SaaS), it is hard for businesses small or large to know where to start looking for their next business management solution.

» Best CRM Software with Document Storage - We use CRM software to keep track of our customers and their relationships with us every day. But what if you could also store all of your customer contracts, proposals, NDAs, and other documents in the same place?