Last updated on
Company health
Ratings
Mortgage Automator description
Mortgage Automator is a software platform designed for private lenders in North America. It helps automate the entire loan process, from origination to servicing, for residential and commercial loans. The software boasts features like automated document generation, payment processing, investor reporting, and compliance tools, aiming to increase efficiency and reduce manual work for private lending businesses. Mortgage Automator is recognized for its user-friendly interface, responsive customer support, and integrations for streamlined operations.
Who is Mortgage Automator best for
Mortgage Automator helps automate loan processes for private lenders. Users praise its user-friendly interface and responsive customer support. However, some find investor reports unclear and desire better document customization. Best for small businesses.
-
Best for small businesses (under 50 employees).
-
Ideal for private lenders specializing in residential or commercial loans in North America.
Mortgage Automator features
| Supported Mortgage Automator supports processing loan payments via automated ACH transfers and payment tracking. |
| Supported Mortgage Automator offers comprehensive and customizable reporting on loan performance, payments, and other metrics. |
| Supported Mortgage Automator offers a platform to create, edit, manage, and publish loan documents. |
| Supported Mortgage Automator offers a loan management dashboard. |
We evaluate the sentiment that users express about non-functional aspects of the software
Value and Pricing Transparency
Customer Service
Ease of Use
Reliability and Performance
Ease of Implementation
Scalability
Mortgage Automator reviews
We've summarised 49 Mortgage Automator reviews (Mortgage Automator G2 reviews) and summarised the main points below.
- User-friendly interface and easy navigation.
- Excellent and responsive customer support.
- Highly customizable platform with custom fields, reports, and communications.
- Efficient document generation and automation capabilities.
- Comprehensive loan management, from origination to servicing.
- Real-time ledger system with clear transaction tracking.
- Investor reports are difficult to understand and lack clarity, particularly for principal and interest deals and NSF situations.
- Custom document creation is not user-friendly.
- Limited customization for reports.
- Mobile app is not available.
- Lack of direct integration with accounting software necessitates third-party tools.
- Some basic functions are missing.
- No APIs to connect with other industry partners.
Mortgage Automator pricing
The commentary is based on 4 reviews from Mortgage Automator G2 reviews.
Mortgage Automator's pricing is generally viewed favorably, described as "great" by one user. While some users mention needing to pay extra for customized reports, the overall sentiment towards cost and value is positive.
Users sentiment
See the Mortgage Automator pricing page.
Mortgage Automator alternatives
FinfluxBetter fit for banks and fintech companies. Caters to various business sizes. Has faster website traffic growth but slower employee growth. Users mention slow support and higher pricing.Read more
Sageworks LendingBetter fit for banks and credit unions. Caters to a slightly smaller business size. Has API access and workflow features. Users mention a steeper learning curve and potential performance issues. No pricing details available.Read more
LendstreamBetter fit for businesses of all sizes. Offers marketing automation, white-labeling, and API access. Has significantly less momentum.Read more
ConnectFiBetter for banks looking to digitize loan management. Caters to a wider range of loan types. Serves a broader customer base.Read more
SparkLMSBetter for short-term and micro-loans, focusing on smaller businesses. A Mortgage Automator competitor specializing in a more niche lending market.Read more
InvoicedBetter for general billing automation and accounts receivable management for a wider range of industries. Caters to a broader customer base, including mid-sized and larger businesses across various sectors. Has significantly less momentum. A Mortgage Automator competitor focusing on financial process automation.Read more
Mortgage Automator FAQ
What is Mortgage Automator and what does Mortgage Automator do?
Mortgage Automator automates the loan process for private lenders, covering origination to servicing for residential and commercial loans. It features automated document generation, payment processing, investor reporting, and compliance tools, enhancing efficiency and reducing manual work. Known for its user-friendly interface and responsive support.
How does Mortgage Automator integrate with other tools?
Mortgage Automator integrates with various tools to streamline operations. While it lacks direct accounting software integration and APIs for industry partners, it offers a robust internal system for document generation, payment processing, and reporting. Users note the need for third-party tools to bridge some integration gaps.
What the main competitors of Mortgage Automator?
Alternatives to Mortgage Automator include Sageworks Lending (now Abrigo), Lendstream, Finflux, SparkLMS, CloudBankin, and FUNDINGO. These competitors offer similar features such as loan origination, servicing, and automation tools for various lending processes.
Is Mortgage Automator legit?
Mortgage Automator appears legitimate, offering features for private lenders to manage the entire loan process. Positive reviews highlight ease of use and strong customer support. However, some users mention difficulties with investor reports and limited customization. Consider exploring alternatives if these are critical for your business.
How much does Mortgage Automator cost?
I cannot find pricing details for Mortgage Automator. Contact the vendor directly to determine if Mortgage Automator is worth the investment for your needs.
Is Mortgage Automator customer service good?
Mortgage Automator's customer service is consistently praised in reviews. Users highlight the team's responsiveness, helpfulness, and willingness to go the extra mile. Support is readily available for questions, troubleshooting, and even late-night emergencies.
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.