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Company health
LendAPI description
LendAPI is a customizable digital platform designed for businesses to manage loan origination. Its tools allow you to design application workflows, manage documents, connect with third-party integrations, and customize pricing. LendAPI emphasizes a fast launch time and scalability, aiming to make digital loan processing efficient and adaptable for various financial products.
Who is LendAPI best for
LendAPI is a customizable digital lending platform ideal for businesses seeking to automate loan origination and processing. It offers tools to design application workflows, manage documents, and integrate with third-party systems. With a focus on fast launch times and scalability, LendAPI helps businesses efficiently manage various financial products.
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LendAPI is best for businesses processing over 3,000 loan applications monthly.
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LendAPI fits financial services companies needing streamlined loan origination.
LendAPI features
| Supported LendAPI offers a centralized dashboard for tracking loan application statuses and provides real-time updates. |
| Supported LendAPI allows document uploads during the loan application process. |
| Supported LendAPI allows creation of custom loan products through its Product Builder and Decision Engine. |
| Supported LendAPI offers integrations with various business tools to enhance functionality and streamline workflows. |
| Supported LendAPI uses AI and machine learning to automate loan assessments and decisions. |
LendAPI pricing
See the LendAPI pricing page.
LAUNCH
Includes Product Studio, Rules Studio, Pricing Engine, Application Dashboard for 3,000 completed applications.
CORE
Everything from Launch plus 6,000 completed applications, APIs & Webhooks, Custom Variables, Custom Models.
SCALE
Everything from Core plus 12,000 completed applications, Sub Tenant features, Decision Back Testing, Application & Decision A/B testing.
ENTERPRISE
Tailored solution, Dedicated Support, Priority Integrations.
LendAPI alternatives
CloudBankinBetter for established financial institutions needing loan servicing and digital banking tools. Has positive customer reviews, but some report slowness and high implementation costs. LendAPI alternative; CloudBankin competitor.Read more
CoreISSUEBetter for mid-sized companies. Has significantly more website traffic growth momentum. No pricing information available. Lower ratings on G2 and Glassdoor.Read more
TaktileBetter for small and medium businesses. A LendAPI competitor and alternative, Taktile offers easier implementation, better customer support, and greater scalability. Has more momentum currently.Read more
DocusignBetter for larger organizations and diverse industries. A Docusign alternative, LendAPI, focuses on loan origination. Docusign has broader functionalities for various departments.Read more
LendAPI FAQ
What is LendAPI and what does LendAPI do?
LendAPI is a digital lending platform that streamlines loan origination through customizable workflows, document management, and third-party integrations. It offers AI-driven loan decisioning, a fast launch time, and scalability for various financial products, making it adaptable for different business needs.
How does LendAPI integrate with other tools?
LendAPI integrates with various business tools through its APIs and webhooks, enhancing functionality and streamlining workflows. It connects with third-party systems to automate data exchange and improve the efficiency of loan origination processes. The platform's Core and Scale plans specifically include API and webhook integrations for advanced connectivity.
What the main competitors of LendAPI?
Alternatives to LendAPI include CloudBankin, CompassWay, and CoreISSUE. These competitors offer similar loan origination and management features, catering to various financial institutions and businesses. Other options like Taktile and Addy AI focus on specific lending processes and automation.
Is LendAPI legit?
LendAPI appears to be a legitimate platform offering loan origination software. It emphasizes fast launch times and scalability. However, there is limited information available regarding user reviews and company size fit. Consider researching alternative loan origination software for comparison before committing.
How much does LendAPI cost?
LendAPI pricing starts at $3,999/month for the Launch plan (3,000 applications). The Core plan is $5,999/month (6,000 applications), and the Scale plan is $8,999/month (12,000 applications). Enterprise pricing is available upon request for custom solutions. There is no free trial or free plan.
Is LendAPI customer service good?
There is no information available about LendAPI's customer service.
Reviewed by
Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.
Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.