Mortgage Builder Software vs. Nortridge Loan System

Mortgage Builder offers a solid and stable group of products that will allow you to manage your customer pipeline end-to-end, with good support, at a lower price compared to the big boys in this arena. That said, you will have a less polished offering but they are moving in the right direction of updating many of their components.

Incentivized

Some areas where Northridge Loan Systems is best suited is for mid to large-sized companies who are handling thousands of loan applications on a day-to-day basis. Since this program has a sizeable IT infrastructure, this software is best suited for companies that have a mid to large-size IT team with scalable infrastructure. I would not recommend Northridge Loan System to smaller-sized companies with a low volume of loans as it can be a mid-complex to manage and maintain when there are other solutions out that cater to smaller businesses.

Incentivized

• End-to-end loan origination process
• Web-based tools for originators
• Back-end data access for customized reporting

Incentivized

• It can be deployed in the cloud making it easier to implement.
• There are many different options for implementation in our IT environment including on-prem.
• It can integrate with our Active Directory allowing for easy user management.

Incentivized

• Their web-based customer portal and customization is somewhat dated
• Their support is solid but seems to be over-burdened and slow at times
• Pricing components seem to be a work in progress

Incentivized

• In some instances, we have noticed there are some latency issues when reading and writing from SQL databases as new code bases get released.
• API library upgrades could be tested a bit better in each new release.
• Cloud implementation could be a bit more streamlined.

Incentivized

We chose Nortridge Loan System to handle our loan management going forward to due to the fact that we can implement this crucial business function in the cloud. Unlike Shaw Systems, which is completely on-premise, we have to manage many aspects of this software for the business from servers to segregated networks, and backups to ensure availability. With Northridge Loan Systems being able to be implemented in the cloud, we can ensure higher availability to our loan servicing teams and increased insurance that data will be safe with the DR procedures surrounded in the cloud.

Incentivized

• It has been less expensive than some of the other more well known applications
• They offer a relatively quick turnaround on any customer or user issues that may arise with their support team so that the the process is not significantly delayed
• It allows for a wide variety of loan programs and scenarios to complete loans

Incentivized

• One pro to Northridge Loan System is that we can migrate off of old on-premise servers that are out of compliance.
• With Northridge Loan System being compatible in the cloud we can deploy it within AWS promoting for long term scalability
• We are able to manage and organize all loan-related data easily and more streamlined with Northridge Loan System

Incentivized