Numerous consumers think that the first step to the real world is to have a house. Live independently or start a family. That being the case, several individuals purchase their lovely homes. However, not all have enough savings to buy. Thankfully, there are mortgages. Since mortgages can be tricky to manage, technology provides mortgage software as an end-to-end solution for lenders and customers. 


16+ Mortgage Software

1. Blend

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Rating: 5/5

Price: Custom

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2. Calyxsoftware

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Rating: 5/5

Price: Custom

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3. Encompass

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Rating: 5/5

Price: Custom

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4. LendingQB

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Rating: 4.5/5

Price: Custom

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5. LendingPad

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Rating: 5/5

Price: $50/month

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6. Blue Sage

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Rating: 5/5

Price: Custom

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7. Arrive

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Rating: 5/5

Price: Custom

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8. The Mortgage Office

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Rating: 5/5

Price: Custom

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9. Jungo

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Rating: 4.8/5

Price: Custom

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10. FileInvite

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Rating: 5/5

Price: $17.99/month

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11. PhoneBurner

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Rating: 5/5

Price: $149/month

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12. Qualia

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Rating: 4.8/5

Price: Custom

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13. OneSpan Sign

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Rating: 4.8/5

Price: Custom

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14. UberWriter

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Rating: 4.6/5

Price: FREE

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15. Mortgage Automator

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Rating: 5/5

Price: Custom

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16. Surefire CRM

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Rating: 4.8/5

Price: Custom

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17. SimpleNexus

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Rating: 5/5

Price: Custom

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What is Mortgage Software?

A mortgage is not a simple matter. All topics about money are always tricky. A mortgage is a type of loan that banks provide to the borrowers to purchase the house they want. Of course, it requires legal agreements containing the payment methods and other critical components of payment. Such procedures need numerous documents, appointment scheduling, and so on. For this reason, experts developed mortgage software to help lenders and customers perform effective communication and flawless transactions. Mortgage software provides innovative features and functionalities that allows lenders and borrower to exchange required files and close the deal by electronic signatures. 

Benefits

Undeniably, mortgage software offers numerous benefits and advantages to both lenders and borrowers. As we all know, manual processes of mortgage transactions require a lot of time and effort. With mortgage software, you can lessen all the troubles. With such a technological tool as your partner, you can process your loaning process with only taps and swipes anytime and anywhere. 

Features

Features and functionalities are what matter the most when choosing software for your business. Various technology companies that developed mortgage software offer numerous attributes and functionalities you might find helpful to your business operations. Most platforms allow free versions and trials giving you a chance to test the capabilities of the software included in your choices. You can also read reviews and ratings and read the pros and cons of the software. That way, you can acquire a broad idea of the software’s reliability. The following are features you should include in your research:

  • Channel Management
  • Closing Documents
  • Online Applications
  • Pipeline Management
  • Electronic Applications
  • Electronic Signature
  • Government Loans

Top 10 Mortgage Software

1. Encompass

Encompass includes risk management, customer relationship management (CRM), point of sale, document management, and more valuable features. Encompass has annual revenue of $221.3 million and 1,006 employees.

2. Blend

Blend includes application intake workflow, blend loan officer mobile app, asset verification, income, and employment verification, automated conditions and workflows, and more features. Blend has annual revenue of $121.9 million and 938 employees.

3. LendingQB

LendingQB from meridian link includes business rules engine, pricemyloan, compliance, e-documents, and more advanced features. Meridianlink has annual revenue of $66 million and 455 employees.

4. Qualia

Qualia includes seamless disclosure creation, stay trid compliant, working in real-time, and keeping track of trends. Qualia has annual revenue of $63.2 million and 490 employees.

5. Calyxsoftware

Calyx includes contact management, amortization schedule, loan processing, credit reporting, customer database, and many more innovative features. Calyx has annual revenue of $36.3 million and 250 employees.

6. PhoneBurner

PhoneBurner includes call center management, campaign management, email marketing, and more valuable features. PhoneBurner has annual revenue of $14 million and 43 employees.

7. Jungo

Jungo includes client database, commercial mortgages, lead management, marketing automation, loan origination, and many more valuable features. Jungo has annual revenue of $8.7 million and 60 employees.

8. Blue Sage

Blue Sage includes speed and freedom, success-driven pricing, truly multi-channel, modern and intuitive, and more valuable features. Blue sage has annual revenue of $8.3 million and 57 employees.

9. FileInvite

FileInvite includes an activity dashboard, content management, file sharing, mobile access, task management, and more innovative features. FileInvite has annual revenue of $2.6 million and 18 employees.

10. LendingPad

LendingPad includes compliance management, electronic signature, customer management, loan processing, and more advanced features. LendingPad has annual revenue of $1.2 million and eight employees.

FAQs

Why is a mortgage important?

As we all know, not all people have enough finances to own a house. For this reason, financial institutions implement mortgage loans to help individuals acquire the living space they need. The mortgage gives out an impressive help to people that do not have abundant money to buy a house with full payment.

Is mortgage software beneficial?

A mortgage requires numerous factors and procedures to close the deal and acknowledge agreements between two parties. There are rules and regulations to follow, making it tough to close the deal. However, with mortgage software on hand, you can process every critical aspect of your transactions by only using your devices.

What exactly is the function of a mortgage?

There are different types of loans. Loans play a critical role in the world since it helps people with their finances. A mortgage is a loan that focuses on real estate purposes. Finacial banks or independent lenders let a client borrow a specific amount of money to buy a home or other form of property. With an agreement to pay the lender over time. When failed to pay, the property serves as the collateral.

The mortgage, although helpful, the process can be challenging. With the advanced world, traditional methods would not suffice. With mortgage software as your technology partner, you can ensure quality assurance and reach customer satisfaction. Such a tool helps you avoid overlooks and unnecessary manual procedures. Process your mortgage transactions with your devices. Communicate with your clients anytime and anywhere. 


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