Bridge Loan Network

The Bridge Loan Network, developed by Bridge Loan Network, LLC, is a software solution designed to streamline the loan origination process for private lenders and mortgage brokers. According to the vendor, this platform caters to professionals in the mortgage broker and private lending industries, providing them with tools and features to simplify and automate the lending process. It is tailored to meet the needs of professionals in these industries, from small private lenders to large mortgage brokerages.

Key Features

Loan Management System (LMS): This software platform aims to simplify and automate the loan origination process for mortgage brokers. According to the vendor, it streamlines the lending process from application to closing, allowing brokers to order credit and background reports, collect required documentation, and access a referral portal of qualified lenders.

Private Lender Software: Designed specifically for private lenders, this platform aims to streamline the lending process and provide a user-friendly experience for lenders' teams and their clients. According to the vendor, it offers a white-labeled online loan application, virtual customer support and system training, and online tech support.

Intake & Support: The Bridge Loan Network provides a white-labeled online loan application for borrowers, granting them access to a referral portal of qualified lenders. According to the vendor, virtual customer support and system training, as well as online tech support, ensure a smooth user experience. The loan progress toolbar allows for easy tracking and management.

Loan & Customer Data: According to the vendor, the Bridge Loan Network offers one-click borrower credit and background checks, along with broker commission forms and reports, comprehensive rehab budget analysis, the ability to upload borrower's previous real estate experience, and unlimited document collection and management. It also facilitates secure payment collection and ACH collection.

Loan Management: The platform includes client portal features for secure client and document storage, task and workflow management features, milestone email notifications, and lead and loan management capabilities to increase online presence and capture more leads. According to the vendor, the Bridge Loan Network also offers a loan application plug-in for company websites, facilitating collaboration and quick information exchange between brokers and lenders.

Uniform Application Form: The Bridge Loan Network aims to ensure faster funding decisions by receiving complete loan packages in a uniform manner. It provides a centralized documents tab for easy access and management, as well as automation of document generation, LOIs, credit and background checks, appraisals, and payment requests.

Automation: According to the vendor, by automating loan application and origination processes, the Bridge Loan Network significantly increases efficiency and enables processing of more loans in less time. Manual processes and paperwork are eliminated, allowing professionals to focus on more important tasks.

Custom Rehab Budget Template: This feature allows users to order appraisal reports, conduct comprehensive analysis of rehab budgets, utilize an industry general document checklist, and manage unlimited document collection and management.

Customer Data: The Bridge Loan Network offers one-click borrower credit and background checks, including soft credit pulls. According to the vendor, it also facilitates secure payment collection and ACH collection. The client portal features ensure secure client and document storage.

Loan Progress Toolbar: The loan progress toolbar includes task and workflow management features, milestone email notifications, a secure internal messaging system, and customizable lending conditions for enhanced flexibility.