We understand the challenges facing multifamily lenders. The loan application process is long, complicated and tedious, and requires a lot of attention to detail to prevent errors and failed loans. Our unique software solution takes a traditionally opaque, manual, and tedious process and automates it, allowing your staff to work on multiple deals at once with much greater accuracy and visibility. With flexible features that empower the borrower, LendingStandard standardizes the lending process from end to end, and offers customizable configuration through our modern technology stack and open APIs. We design and integrate solutions that work for your company, enabling you to close more deals and optimize your team’s efficiencies.

Marketing Engine & Borrower Acquisition Portal

Optimize customer acquisition with solutions designed to streamline the process for you, as well as your borrowers. Our forward-thinking marketplace portal promotes your brand while offering a seamless user experience, making it easy for you to engage your customers. It allows borrowers to submit loan requests with immediate analysis of loan terms and available loan options. Customized applications are matched with respected industry lenders to ensure borrowers get loans on terms that make the most business sense, all in just a few clicks. Provide your customers with transparent access to the best financing options available in the market.

Available options:

  • Customizable consumer-facing portal that facilitates borrower and investor collaboration
  • Integrations with CRMs and other prospecting tools
  • Notifications and tools to support lead generation
  • Marketing and business consulting services tailored to increase brand awareness and demand

Pricing, Analysis & Quoting

Enable your production team with tools to quickly and easily price, analyze, and quote loans. Get out of the business of supporting a complex loan sizing process with our consistent MS Excel-based loan sizing engine that integrates financial data with a single repository. It can be used for originations, processing, underwriting, document preparation and closings. We also offer an Express Quoting option for rapid quotes and acceptance on more standard, high volume loan types.

  • Flexible quoting features to meet your needs
  • Flexible pricing analysis
  • “One single source of truth”
  • Seamless transition of due diligence data from originator to underwriter
  • Sizer support for Fannie and Freddie
  • Updated to meet loan program standards

Document Portal & Checklist

Collecting documents from borrowers and third parties can be difficult and time-consuming. Our document portal simplifies the process with options for both automatic and manual document requests. The portal securely stores all documents collected and offers the option to manage the materials that users are allowed to view and access.

Underwriting documents take hours to manually produce and organize. Our software automates the creation of consistent concept package, committee review documents, underwriter narratives and signature-ready client documents, while also providing a clear checklist to keep your team on track.

  • Keep all parties up to date on document status and checklist progress
  • Real-time checklist view of staff member and third party activities
  • Efficiently share documents on a single platform, reducing email and attachments
  • Eliminate redundant requests
  • Directly upload requested items
  • Vendor access via convenient portal
  • Systematically extract previous data entry updates to produce high-quality narrative documents and other required forms
  • Automatically repopulate and organize data
  • Facilitate quicker loan committee approval

Underwriting Analysis

Stop using Excel spreadsheets that keep critical information in silos. From the original pricing analysis through the underwriting, review and closing process, the sizer allows for data to be seamlessly referenced every step of the way, reducing duplications and errors.

  • Maintain and use multiple sizing options
  • Cross-analyze multiple property scenarios
  • Keep all parties up-to-date on critical activities
  • Realtime view of all checklist updates from staff members and third parties
  • Single view of all checklist status, due dates and expiration dates
  • Excel API that allows for custom sizers and seamless data integrations to fit your process

Loan Package Submission

Automatically prepare a professional loan submission package. Our solution organizes due-diligence third-party reports, required forms and other exhibits into a cohesive whole.

  • Easily navigated format
  • Well-organized sections
  • Custom branding incorporated throughout the report
  • Ready-to-submit final PDF report and compressed document set

Closing Package and Workbook

Seamlessly extract critical closing documents and information from underwriting conclusions to prepare your settlement statements and prepopulate your closing package. 

  • Automatically prepare the flow of funds, final sources and uses
  • Create wire, bank and other payee instructions for disbursements

Analytics and Reporting

Your underwriting process has a lot of moving parts, and there’s really no simple way to know which parts work and which ones don’t. Not only is it cumbersome to track your loans with spreadsheet or reporting software, it also may not give you the complete picture.

This is where LendingStandard’s reporting tool, Spotlight, really shines. With just a few keystrokes, Spotlight aggregates the valuable data you already have, helping you improve your business by focusing your attention where it’s needed most. Spotlight’s dashboard also helps streamline communication by documenting conversations in one place, and Spotlight’s document portal stores your documents for easy access.

  • Spot at-risk loans at a glance and identify exactly where your loans are failing
  • Pinpoint the average amount of time you’re spending on the loan process
  • Client pipeline management reporting tools improve accuracy for making strategic business operating decisions
  • Transparency for all stages of the loan from beginning to end
  • Real time data updates to ensure critical dates for third party reports and other life cycle events are not missed
  • Increase deal counts per employee