Bryt vs The Mortgage Office

Bryt is a cloud-based loan management and servicing platform for lenders. It handles loan setup, payment tracking, borrower records, communication, and reporting through web access and an API. Users can configure loan terms, rates, fees, interest calculations, and schedules without development. Servicing tools track payments and delinquencies, apply fees, and update loan statuses. The Loan Payment Wizard handles scheduled or unscheduled payments, payoffs, waterfall allocations, interest accrual, and late fee calculations. Its CRM stores borrower profiles, payment histories, communication logs, documents, and servicing notes. Lenders can offer a white-labeled borrower portal with loan summaries, payment details, login access, and communication options. Reports cover loan performance, payments, delinquencies, and portfolio trends, and can be exported. Optional modules include ACH, NACHA, credit reporting integration, an API module, borrower and investor portals, and an accounting register. Bryt lists private, commercial, construction, consumer, mortgage, nonprofit, microfinance, CDFI, and other lenders among its intended users. Pricing is available on request; there is no free plan, but a 30-day trial is offered.

The Mortgage Office is a cloud platform for managing loans from origination through payoff. Its origination tools handle applications, underwriting, approvals, documents and funding, then transfer funded loans to servicing without data re-entry. Servicing supports automated payments, interest and escrow calculations, investor accounting, construction draws and regulatory reporting. The platform also covers payment processing, fee calculations, accounting, reporting, compliance tools, and fund and investor management. Borrower and investor portals provide access to account information, documents, statements and payment activity. Supported loans include conventional, commercial, construction, adjustable-rate, HELOC, rehab, DSCR, bridge, auto and equipment loans. The vendor also lists performing and non-performing loans and complex structures. Integrations include QuickBooks and other systems, with an open API for connections such as Salesforce. The platform is web-based and requires no installation when accessed from a device with a high-speed internet connection. The vendor states it maintains SOC 2 Type II compliance and uses Azure managed encryption for data in transit and at rest. Pricing is available from sales on request.