User Reviews Overview
About LendAPI
LendAPI is a digital onboarding platform designed to help banks and financial institutions streamline account opening and loan origination processes. The platform provides a product studio and credit decision engine and allows...
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- Industry: Financial Services
- Company size: 11–50 Employees
- Used Daily for 6-12 months
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Review Source
Review of LendAPI Loan Origination Platform
Pros
LendAPI is a well-conceived, clean, straightforward platform for building any LOS. The people and developers at LendAPI are seasoned industry pros with years of experience building successful Lending Origination Systems. They know their stuff. They are super easy to work with and very knowledgeable. Customer service is exceptional. The system's features and capabilities are modern and capable of enabling the future of digital loan originations today. Most of all, the cost is the lowest subscription cost you will find in the market. For over a year, I searched for a base-level LOS to build LawFi's customized LOS capable of underwriting and making first-of-its-kind legal fee loans. Nothing in the market comes close to offering so much DIY customization and overall system capabilities for a minimal cost. You can easily spend ten times the cost to build on other LOS platforms and not get the quality or capabilities offered by LendAPI. Our internal teams enjoy working with [sensitive content hidden]
, and their team and look forward to many years of success working together to bring more financial inclusion to the legal system to help fill the Access-to-Justice gap.
Cons
While working and building our LOS on LendAPI, we have yet to experience any significant issues or Cons.
- Industry: Financial Services
- Company size: 201–500 Employees
- Used Daily for 6-12 months
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Review Source
True Partnership
The dedicated team at LendAPI collaborates closely with clients to gather requirements, identify potential issues, and facilitate the successful launch of critical applications. I am convinced that LendAPI offers what many financial institutions are looking for.
Pros
Tim is renowned for his close collaboration with clients, fostering an environment of seamless interaction to meticulously gather requirements, adeptly identify potential issues, and orchestrate the flawless launch of mission-critical applications. It's no surprise that LendAPI has the same approach in it's DNA
Cons
While some may see the extensive collaboration between LendAPI's team and clients as potentially time-consuming, it actually serves as a testament to their commitment to ensuring a thorough understanding of requirements, thus resulting in a more tailored and effective solution for each individual client.
- Industry: Financial Services
- Company size: 2–10 Employees
- Used Daily for 6-12 months
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Review Source
Great product, great company, great people!
Pros
Pleasure to work with, they get lending! Team is very supportive and have a firm understanding of how things work. Great out of the box origination system with a robust feature set including the ability to customize the platform to your needs.
Cons
Nothing is one size fits all, in order to optimize the system it requires digging in a bit on both sides. That being said, I have yet to find any system that does everything perfectly out of the gates.
Top LendAPI Alternatives
- Industry: Financial Services
- Company size: 11–50 Employees
- Used Daily for 1+ year
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Review Source
LendAPI is the way to go!
The experience has been excellent. We appreciate working with a genuine partner.
Pros
Make lending easier for your team by working with the Dream Lending Team.
Cons
The product's service is excellent, and the client-based approach makes it easier to get a custom program up and running quickly.
- Industry: Investment Banking
- Company size: Self Employed
- Used Weekly for 6-12 months
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Review Source
Useful product, dynamic leader, excellent team
Very positive. [sensitive content hidden] and the team have been attentive to our needs.
Pros
[sensitive content hidden] is a dynamic leader and a joy to work with. The product team is very good at what they do and has a firm grasp of the industry and how the product differentiates itself. The level of customizability is very impressive and fits our needs. I would highly recommend LendAPI to anyone interested in building an LOS.
Cons
We wish [sensitive content hidden] and his team all lived in New York City!
- Industry: Financial Services
- Company size: 2–10 Employees
- Used Weekly for 1-5 months
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Review Source
One of the best (easiest), fastest platforms
Pros
Probably the most smooth, seamlessly integrated platform we have used in a while. Support team is also great--very responsive and willing to work with you.
Cons
Not faced many really. For minor inconveniences, the team is always there and very responsive
