Encompass vs LendingPad Comparison

88% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

Encompass

Loan Origination Software

4.4 1,175 user ratings

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94% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

LendingPad

Loan Origination Software

4.6 195 user ratings

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Overview

Description

Encompass is a loan origination software for lenders, enabling them to give out more loans with minimal risks. The platform comes equipped with a Loan Origination System (LOS) that is capable of originating more loans, lower the cost, reduce the time of closing and help lenders to make smarter business decisions. The system also hosts a URLA-readiness feature that ensures seamless transitions and smooth business operations. It offers lenders an all-in-one platform where they can access everything they need for better lending practice. Encompass brings the borrower and loan officer to one place by creating a secure bi-directional connection. This gives teams the ability to access Encompass information in real-time without switching to other platforms. With an AI-driven system, Encompass offers intelligent automation throughout the system. It also makes lenders more responsive and delivers a better borrower experience. Encompass also offers paperless document management and next-gen data security mechanism for hassle-free business operations. Read more

LendingPad is a cloud-based loan origination software that offers a complete platform for loan origination solutions for institutions, mortgage brokers, banks, service providers, and lenders. It is specially designed to streamline the lending process, minimize mortgage lending costs, and strengthen communication. This innovatively built platform is fully secured and potently optimizes the complex loan origination process designed by mortgage banking professionals. Moreover, this software allows the user's to originate loans from anywhere with a proper internet connection. Users can incorporate with third-party data providers to manage and connect with leads promptly. This tool can gather data from retail branches, consumer online portals, call centers, and in-house loan officers. The Lender edition comprises functionalities that offer secondary, closing, underwriting post-closing, and funding. Furthermore, to enhance the connectivity and operating efficiency, a range of customization features are offered for Institutions to scale the business to the next level. With processing centers, users can equip contract processing teams to cater to more clients with extensive volumes. LendingPad follows a quotation-based and subscription-based pricing strategy that includes institution edition and broker edition. Read more

Pricing Options

Free Trial Not Available
Offers Custom plan.

Free Trial Not Available
Starts at $55.0. Offers Custom plan.

SW Score & Breakdown

88% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

Features The Feature Score % is calculated using the weighted average method, where core features hold more weight in the final calculation. Read more

87%
Reviews

94%
Momentum

60%
Popularity

63%

94% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

Features The Feature Score % is calculated using the weighted average method, where core features hold more weight in the final calculation. Read more

93%
Reviews

91%
Momentum

64%
Popularity

81%

Features

Total Features	5 Features	7 Features
Common Features for All	Audit Trail A record of changes made in chronological order of a user or activity Chat (Messaging) Allows users to collaborate better by exchanging views and collect information through chatting or texting Client Management (Customer) Facilitates strong necessary data about clients/customers and allows access to it when required Compliance Management Helps in making an assessment of risks, ensures policy comprehension and that policies/procedures are being followed Document Management Ability to store and manage various information and documents in electronic format. Workflow Management Helps in managing and ensuring smooth flow of the tasks assigned to a team or organization e-Signature Electronic Signatures help users to sign their digital documents remotely + 2 More - Show Less	Audit Trail A record of changes made in chronological order of a user or activity Chat (Messaging) Allows users to collaborate better by exchanging views and collect information through chatting or texting Client Management (Customer) Facilitates strong necessary data about clients/customers and allows access to it when required Compliance Management Helps in making an assessment of risks, ensures policy comprehension and that policies/procedures are being followed Document Management Ability to store and manage various information and documents in electronic format. Workflow Management Helps in managing and ensuring smooth flow of the tasks assigned to a team or organization e-Signature Electronic Signatures help users to sign their digital documents remotely + 4 More - Show Less

Technical Details

Organization Types Supported	Large Enterprises Medium Business Small Business	Large Enterprises Medium Business Small Business
Platforms Supported	SaaS/Web/Cloud Mobile - iOS	SaaS/Web/Cloud Mobile - iOS
Modes of Support	24/7 (Live rep) Business Hours Online	24/7 (Live rep) Business Hours Online
API Support	Available	Available

Reviews & Ratings

User Rating	4.4/5 1,175 user ratings	4.6/5 195 user ratings
Rating Distribution	Excellent 51.9% Very Good 37.8% Average 9.4% Poor 0.4% Terrible 0.4%	Excellent 73.3% Very Good 20% Average 3.6% Poor 1.5% Terrible 1.5%
User Sentiments	Comprehensive Loan Management Features, Ease of Use, Extensive Integrations, Customizable Pipeline Views Software Performance Issues, Outdated User Interface, Limited Customer Portal Integration, Inadequate Mobile Functionality	User-Friendly Interface, Efficient Customer Support, Comprehensive Loan Origination System, Seamless Integrations Occasional System Slowness, Limited Loan Program Options, Occasional Glitches/Errors, Lack of Cumulative Amortization Schedule
Review Summary	Users appreciate Encompass's user-friendly interface, comprehensive features, and strong customer support. They also praise its efficiency, accuracy, and ability to streamline the mortgage process. However, some users have reported issues with system bugs, occasional glitches, and the need for better training resources. Additionally, a few users have expressed concerns about the cost and the complexity of the software. Overall, Encompass is a highly regarded mortgage software solution that offers a range of benefits to lenders and borrowers, but there is room for improvement in terms of user training and addressing technical issues.	User reviews of LendingPad highlight its user-friendly interface, fast processing, and excellent customer support. Users appreciate its intuitive design, making it easy to navigate and complete tasks quickly. The platform’s web-based nature and seamless integration with other systems are also commended. However, some users mention occasional lag or slow loading times, and a few express concerns about limited customization options and a lack of integration with certain third-party services. Overall, the reviews suggest LendingPad is a valuable tool for mortgage brokers and lenders, offering a streamlined and efficient loan origination process.
Pros & Cons	User-friendly interface Comprehensive features Strong customer support Efficient and accurate Streamlines the mortgage process System bugs and occasional glitches Need for better training resources Cost and complexity	Not Available
	Read All User Reviews	Read All User Reviews

AI-Generated from the text of User Reviews

Pricing

Pricing Options	Free Trial Not Available Offers Custom plan.	Free Trial Not Available Starts at $55.0. Offers Custom plan.
Pricing Plans Monthly Plans Annual Plans	Encompass Custom	Broker Edition $55.00 $55.00 per month Lender Edition Custom Processing Edition Custom
	View Detailed Pricing	View Detailed Pricing

Alternatives

	LendingPad 4.6 195 ratings Encompass Vs LendingPad LenderAssist 3 1 ratings Encompass Vs LenderAssist Loan Producer 3.5 2 ratings Encompass Vs Loan Producer ComplianceOne Encompass Vs ComplianceOne CloudBankin 5 81 ratings Encompass Vs CloudBankin	Encompass 4.4 1,175 ratings LendingPad Vs Encompass CloudBankin 5 81 ratings PerfectLO 5 9 ratings LendingPad Vs PerfectLO Loan Producer 3.5 2 ratings LendingPad Vs Loan Producer LenderAssist 3 1 ratings LendingPad Vs LenderAssist
	View All Encompass Alternatives	View All LendingPad Alternatives

Screenshots & Videos

Screenshots	+ 3 More	Not Available
Videos		+ 1 More

Vendor information

Company Details

Located in: Pleasanton, California

Located in: McLean, Virginia Founded in: 2015

Contact Details

+1 855-224-8572

https://www.icemortgagetechnology.com/products/encompass

+1 202-796-2790

https://www.lendingpad.com/

Social Media Handles

Not available

Linkedin 5K

Twitter 207

Facebook 772

Youtube 4K

Apple App Store 15

FAQs

What are the key features of Encompass and LendingPad?

Both Encompass and LendingPad offer a comprehensive suite of features for loan origination, including audit trail, chat, client management, collaboration, compliance management, custom workflows, document management, mobile access, workflow management, and e-signature.

Which product is better for large-scale loan origination?

Both Encompass and LendingPad are designed for large-scale loan origination, with features like custom pricing, tiered ticketing, and advanced analytics.

What are the alternatives to Encompass and LendingPad?

The top alternatives to Encompass are PowerLender, CloudBankin, LenderAssist, ComplianceOne, and Anovaa. The top alternatives to LendingPad are Encompass, Calyx Point, CloudBankin, Loan Producer, and ComplianceOne.

How do the collaboration features of Encompass and LendingPad differ?

Encompass emphasizes real-time collaboration with features like inline commenting, page history, and version control. LendingPad offers more granular permissions and workflow management options.

Can I customize the branding of my loan origination process with Encompass and LendingPad?

Yes, both Encompass and LendingPad allow you to customize the branding of your loan origination process with your logo, theme colors, and other visual elements.

What are the key features of Encompass and LendingPad?

Both Encompass and LendingPad offer comprehensive features such as audit trail, chat, client management, collaboration, compliance management, custom workflows, document management, mobile access, workflow management, and e-signature.

What are the alternatives to Encompass and LendingPad?

Alternatives to Encompass include PowerLender, CloudBankin, LenderAssist, ComplianceOne, and Anovaa. Alternatives to LendingPad include Encompass, Calyx Point, CloudBankin, Loan Producer, and ComplianceOne.

Which product is better for large-scale loan origination?

Both Encompass and LendingPad are suitable for large-scale loan origination, offering features such as custom workflows, collaboration tools, and advanced reporting capabilities.

How do the user interfaces of Encompass and LendingPad compare?

Encompass is known for its user-friendly interface, while LendingPad offers a customizable and intuitive interface.

What are the strengths and weaknesses of Encompass and LendingPad?

Encompass is praised for its comprehensive features, strong customer support, and ability to streamline the mortgage process. However, it may require additional training and can be complex for some users. LendingPad is known for its cloud-based platform, customization options, and ability to originate loans from anywhere. However, it may not be as feature-rich as Encompass.