LendingWise

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Loan Origination Software

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SoftwareWorld Editorial Review

Why SoftwareWorld Chooses LendingWise

"Private lenders and mortgage brokers often turn to LendingWise because it helps manage loan files and borrower information in one organized place. Teams handling multiple loan applications at once tend to benefit from having a clearer way to track where each deal stands. The platform suits businesses that deal with private lending workflows regularly and want to reduce back-and-forth communication. That said, smaller operations with very few loans may find the platform more than they currently need."
Decision Snapshot

LendingWise Evaluation Snapshot

Review the most important product facts, official access information, and SoftwareWorld’s page-level trust standards in one place.

User Rating4.3 / 5
Starting Price$149 / month
Free TrialAvailable
Free VersionNot available
APIAvailable
DeploymentCloud Hosted
HeadquartersUnited States
✎
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Product Overview

LendingWise Overview

Product description, media, company details, support, training, deployment, customer size, languages, and industries.

About LendingWise

LendingWise is a versatile, cloud-based software platform developed to cater to the diverse needs of the lending industry, including commercial, hard money, and residential sectors. It distinguishes itself with its end-to-end loan lifecycle management, covering everything from origination to servicing and asset management. The software's powerful customization capabilities allow users to tailor it to their specific business models and workflows. LendingWise excels in automation, significantly reducing manual tasks through its intelligent loan processing features. Its integrated CRM system enhances client relationships, while robust compliance tools ensure regulatory adherence. The platform's real-time analytics and reporting provide valuable insights for decision-making. With its user-friendly interface and multi-faceted functionality, LendingWise is an ideal solution for lenders seeking efficiency, scalability, and enhanced borrower experience.
Company The LoanPost
Founded 2006
Headquarters United States
Employees 1-10

Support

Email Phone Chat Knowledge Base

Training

In-person Webinar Documentation

Licensing & Deployment

Proprietary Cloud Hosted Web-Based iPhone Android

Typical Customers

Self-Employed Small-Business Midsize-Business Large-Enterprise-Business
Languages Supported 1 language available
Belarusian
Industries Served 2 industries available
Information Services Information Technology & Services

Why Choose LendingWise

Problem it Solves

  • Problem it Solves Streamlining The Lending Process For Faster Approvals And Better Borrower Experiences

Target Users

  • Target Users Loan Officers
  • Target Users Mortgage Brokers
  • Target Users Real Estate Investors
  • Target Users Financial Institutions
  • Target Users Lending Companies

Core Use Case

  • Core Use Case Streamline Loan Origination
  • Core Use Case Automate Document Management
  • Core Use Case Enhance Borrower Communication
  • Core Use Case Track Loan Progress
  • Core Use Case Generate Financial Reports

USP

  • USP Streamline Your Lending Process With LendingWise's All-in-one Platform

Pros

  • Pros Built specifically for private and hard money lenders, not generic CRM
  • Pros Loan pipeline management stays organized across every stage of the deal
  • Pros Borrower portal gives applicants a clean self-service experience
  • Pros Document collection and e-signatures reduce back-and-forth with borrowers significantly
  • Pros Customizable loan application forms adapt well to different lending programs
  • Pros Automated status updates keep borrowers informed without manual follow-up
  • Pros Reporting tools give lenders clear visibility into portfolio performance
  • Pros Pricing feels reasonable compared to building custom lending software from scratch

Cons

  • Cons Workflow customization requires technical help for more complex configurations
  • Cons Reporting tools feel basic compared to what data-heavy lenders need
  • Cons Pricing structure becomes harder to justify as team size grows
  • Cons Mobile experience doesn't match the depth of the desktop platform
Editorial Buyer Guidance

Who Is LendingWise Best For?

Review the buyer problem, target users, practical use cases, and product differentiator identified by the SoftwareWorld review team.

Problem It Solves

Streamlining The Lending Process For Faster Approvals And Better Borrower Experiences

Target Users

  • Loan Officers
  • Mortgage Brokers
  • Real Estate Investors
  • Financial Institutions
  • Lending Companies

Core Use Cases

  • Streamline Loan Origination
  • Automate Document Management
  • Enhance Borrower Communication
  • Track Loan Progress
  • Generate Financial Reports

Unique Selling Point

Streamline Your Lending Process With LendingWise's All-in-one Platform

Strengths and Limitations

LendingWise Pros & Cons

Consider the practical advantages and limitations identified through SoftwareWorld's product assessment.

+

Pros

  • Built specifically for private and hard money lenders, not generic CRM
  • Loan pipeline management stays organized across every stage of the deal
  • Borrower portal gives applicants a clean self-service experience
  • Document collection and e-signatures reduce back-and-forth with borrowers significantly
  • Customizable loan application forms adapt well to different lending programs
  • Automated status updates keep borrowers informed without manual follow-up
  • Reporting tools give lenders clear visibility into portfolio performance
  • Pricing feels reasonable compared to building custom lending software from scratch
!

Cons

  • Workflow customization requires technical help for more complex configurations
  • Reporting tools feel basic compared to what data-heavy lenders need
  • Pricing structure becomes harder to justify as team size grows
  • Mobile experience doesn't match the depth of the desktop platform
Category-Based Capabilities

LendingWise Features

Each category combines the selected software category, its category-specific description, and the features assigned to that category.

Mortgage Software 34 selected features Open category ↗ ⌄
Third Party Loan Origination Loan Origination Activity Dashboard Pipeline Management Pricing Management Pre-Qualification Lender Search Electronic Applications Refinance Management Payment Tracking Document Storage Property Tax Management Contact Management Marketing Automation HUD Settlement Statements Commercial Mortgages Loan Management Government Loans Promissory Notes Lead Management Outsource Processing Credit Reporting Compliance Management Escrow Management Amortization Schedule Customer Statements Task Management Client Database Loan Servicing Residential Mortgages Accounting CRM Borrower Management For Brokers
Loan Origination Software 13 selected features Open category ↗ ⌄
Automated Decisioning/Underwriting Electronic Signature Customer Management Loan Portfolio Management Audit Trail Activity Dashboard Compliance Management Reporting & Statistics Online Applications Payment Collection Loan Management Workflow Management Financial Analysis
Connected Applications

LendingWise Integrations

Integration information is displayed only when approved integration products are available on the profile.

Pricing Information

LendingWise Pricing

Pricing type, currency, trial availability, payment frequency, destination links, and package-level starting prices.

Pricing Type Usage Based
Preferred Currency USD ($)
Free Trial Available
Free Version Not available
Payment Frequency Annual Subscription, Monthly Subscription
Starter
$149 Per Month
Pro Trial
$749 Per Month
Elite Trial
$1,995 Per Month

Prices shown are profile information and may not include taxes, regional differences, introductory terms, usage limits, or add-ons. Confirm current plans on the vendor website.

Verified User Feedback

LendingWise Reviews

Approved reviews submitted through verified Google or LinkedIn reviewer accounts.

Write a LendingWise Review ↗
4.3
Based on 2 approved reviews
5 stars 25%
4 stars 75%
3 stars 0%
2 stars 0%
1 star 0%
Lindsey K.
Lindsey K. Account Manager

Outstanding Support and Continuous Improvement

The customer service for this platform has been exceptional, with nearly instant responses to any support tickets I’ve submitted. I really appreciate how the platform keeps evolving, adding practical and user-friendly tools like downloading all client files at once via a zip file, instead of individually. The ability to add notes that anyone in my organization can view in real-time is another feature that enhances collaboration. While we may not be using the platform to its fullest potential yet, the ease of use, continuous improvements, and responsive support make it a reliable and valuable tool for our team.

Reviewed on October, 2022
Tracy H.
Tracy H. Director of Operations

Efficient Borrower Management with Some Reporting Limitations

The platform makes managing borrowers seamless, allowing us to send online applications, collect electronic signatures, and communicate directly with clients, which has greatly improved efficiency. However, reporting remains a challenge, especially when trying to review pipelines for loans nearing maturity or closing, and to calculate profits for each loan. Additionally, the lack of a servicing module and limited access to fields for exporting or using WebHooks can be frustrating. Despite these reporting limitations, the platform excels in streamlining borrower interactions and simplifying application processes.

Reviewed on October, 2022
Alternative Products

Top LendingWise Alternatives

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Frequently Asked Questions

LendingWise FAQs

Answers generated from approved profile information, selected options, packages, integrations, support, training, deployment, and devices.

LendingWise is a versatile, cloud-based software platform developed to cater to the diverse needs of the lending industry, including commercial, hard money, and residential sectors. It distinguishes itself with its end-to-end loan lifecycle management, covering everything from origination to servicing and asset management. The software's powerful customization capabilities allow users to tailor it to their specific business models and workflows. LendingWise excels in automation, significantly reducing manual tasks through its intelligent loan processing features. Its integrated CRM system enhances client relationships, while robust compliance tools ensure regulatory adherence. The platform's real-time analytics and reporting provide valuable insights for decision-making. With its user-friendly interface and multi-faceted functionality, LendingWise is an ideal solution for lenders seeking efficiency, scalability, and enhanced borrower experience.

  • No, LendingWise does not offer a free version.

  • Yes, LendingWise offers a free trial.

  • No, Credit Card details are not required for the LendingWise trial.

  • LendingWise offers the following pricing plans & packages:

    Starter

    $149 Per Month

    Pro Trial

    $749 Per Month

    Elite Trial

    $1,995 Per Month

  • LendingWise supports the following payment frequencies:

    • Annual Subscription , Monthly Subscription

  • Yes, LendingWise offers an API.

  • LendingWise can be integrated with the following applications:

    • Salesforce Sales Cloud , Google Workspace , DocuSign , Microsoft Outlook , Zillow 3D Home , LoanCatcher

  • LendingWise offers support with the following options:
    • Email , Phone , Chat , Knowledge Base

  • LendingWise offers training with the following options:
    • In-person , Webinar , Documentation

  • LendingWise supports the following languages:
    • Belarusian

  • Following are the typical users of the LendingWise:
    • Self-Employed , Small-Business , Midsize-Business , Large-Enterprise-Business

  • LendingWise supports the following deployment:
    • Cloud Hosted

  • LendingWise supports the following devices and operating systems:
    • Web-Based , iPhone , Android
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