Canopy vs The Mortgage Office

Canopy is a cloud loan management system for commercial lenders and organizations embedding lending or credit products. It supports secured, revolving, installment and hybrid products across launch, servicing and scaling, while focusing on post-origination work rather than applications or decisioning. Lenders can configure policies, interest rates, payment plans, billing cycles and fees for each customer. CanopyOS manages loan accounts, activity, product configurations, workflows and team access. Canopy Connect automates loan tasks; DataDirect produces reports; LoanLab simulates loan lifecycles; Preview assesses account changes; and SafeGuard supports calculation tests. The platform can automate borrower reminders, promotions and fee waivers. Its immutable ledger tracks changes, performs real-time calculations and supports retroactive events. APIs are described as low-code, with integrations including Amazon S3, BigQuery, Checkout.com, Dwolla, Galileo, QuickBooks, Salesforce, Stripe, Twilio and Zendesk. Pricing is paid and available on request.

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.