Who Uses This Software?

Loan Originators, Loan tech providers.

Average Ratings

2 reviews
  • Overall 5 / 5
  • Ease of Use 5 / 5
  • Customer Service
  • Features 4.5 / 5
  • Value for Money 5 / 5

Product Details

  • Free Version Yes
  • Free Trial No
  • Deployment Installed - Mac
    Cloud, SaaS, Web
    Installed - Windows
    Mobile - iOS Native
    Mobile - Android Native
  • Training Documentation
  • Support Business Hours

Vendor Details

  • Plaid
  • https://plaid.com/
  • Founded 2012

About Plaid for Lending

Plaid, a technology company that works to connect consumer's bank accounts with financial applications, offers a lending product, called Assets. Assets allow lenders to embed Plaid directly into their applications to improve the digitization of the loan-application process. The D1C product helps drive operational efficiency and ensures information completeness and integrity. For borrowers, the tool allows the quick sharing of information required by lenders directly from the source.


Plaid for Lending Features

  • Amortization Schedule
  • Client Database
  • Closing Documents
  • Commercial Mortgages
  • Contact Management
  • Credit Reporting
  • Customer Statements
  • Document Management
  • Electronic Applications
  • Government Loans
  • Loan Origination
  • Loan Servicing
  • Pipeline Management
  • Pre-Qualification
  • Refinance Management
  • Residential Mortgages
  • Audit Trail
  • Compliance Management
  • Customer Management
  • Document Management
  • Electronic Signature
  • Loan Processing
  • Online Application
  • Accounting Management
  • Amortization Schedule
  • Application Management
  • Auto Loans
  • Automatic Funds Distribution
  • Business Loans
  • Collateral Tracking
  • Collections Management
  • Compliance Management
  • Construction Loans
  • Customer Database
  • Fee Management
  • Investor Management
  • Loan Processing
  • Student Loans

Plaid for Lending Most Helpful Reviews

Use many Apps that use Plaid's services

Reviewed on 2019/08/01
Brett R.
Entertainment, Self Employed
Used the Software for: 6-12 months
Reviewer Source 
5 / 5
Ease of Use
5 / 5
Features & Functionality
Customer Support
5 / 5
Value for Money
Likelihood to Recommend:
Not Likely Extremely Likely

Pros: Unless you pay attention you wouldn't even know they are involved. Seamless, makes connecting bank accounts to apps (banking /money apps etc) much simpler.

Cons: On occasion connections can randomly not work. Rarely an issue for more than a day.

Reliable, secure and streamline way to connect with bank accounts.

Reviewed on 2019/10/12
Verified Reviewer
Software Developer II
Computer Software, 501-1 000 Employees
Used the Software for: 1-5 months
Reviewer Source 
5 / 5
Ease of Use
4 / 5
Features & Functionality
Customer Support
Value for Money
Likelihood to Recommend:
Not Likely Extremely Likely

Comments: Initially, I've used Plaid from end-user standpoint, connecting to a budgetting/finance management software, each convinced me to sign up for it, knowing that the connection with the bank was done professionally and securely. More recently I had a chance to integrate a large-scale software with Plaid for fraud detection and onboarding, and it was a very pleasant experience, with modern APIs and good support.

Pros: Simple to use, reliable and secure. Removes the burden from developers to implement direct connections with banking institutions and put clients at ease knowing that their accounts are secured by specialized people.

Cons: It can have some issues authenticating banks with two-factor authentication enabled. Canadian integration is lagging behind the American one.

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