Bryt
Bryt is a cloud-based loan management software designed to help small to mid-sized lending organizations automate their entire loan lifecycle from origination to final payoff and reporting.
Encompass
Encompass is a comprehensive mortgage loan origination software that digitizes the entire lending process from acquisition to closing to help you increase efficiency and maintain strict regulatory compliance.
Quick Comparison
| Feature | Bryt | Encompass |
|---|---|---|
| Website | brytsoftware.com | iceMortgageTechnology.com |
| Pricing Model | Subscription | Custom |
| Starting Price | $325/month | Custom Pricing |
| FREE Trial | ✓ 14 days free trial | ✘ No free trial |
| Free Plan | ✘ No free plan | ✘ No free plan |
| Product Demo | ✓ Request demo here | ✓ Request demo here |
| Deployment | ||
| Integrations | ||
| Target Users | ||
| Target Industries | ||
| Customer Count | 0 | 0 |
| Founded Year | 2014 | 1997 |
| Headquarters | Boise, USA | Pleasanton, USA |
Overview
Bryt
Bryt provides you with a comprehensive suite of tools to manage your lending business entirely in the cloud. You can move away from fragmented spreadsheets and manual tracking by centralizing your loan origination, servicing, and document management in one secure location. The platform is built specifically for professional lenders who need to scale their operations without adding significant administrative overhead.
You can automate complex interest calculations, generate professional loan documents with a single click, and provide your borrowers with a dedicated portal for payments and statements. Whether you handle private notes, commercial loans, or consumer lending, the software adapts to your specific deal structures. It eliminates the risk of manual entry errors while ensuring your team stays compliant with built-in reporting and audit trails.
Encompass
Encompass is a digital mortgage solution designed to help you manage the entire loan lifecycle within a single system of record. Whether you are a small mortgage broker or a large enterprise lender, you can use the platform to capture leads, verify borrower data, and process loans with automated workflows. It centralizes your data to reduce manual entry and minimize the risk of costly errors during the underwriting process.
You can also stay ahead of changing regulations with built-in compliance checks that monitor every loan file in real-time. By connecting your team, partners, and borrowers on one platform, you can close loans faster and provide a more transparent experience for your clients. The software integrates deeply with the broader ICE Mortgage Technology ecosystem to provide a truly end-to-end digital lending experience.
Overview
Bryt Features
- Loan Origination Streamline your intake process by capturing borrower data and generating custom loan documents automatically from your own templates.
- Automated Servicing Calculate principal, interest, and escrow payments instantly while tracking late fees and grace periods without manual intervention.
- Borrower Portal Give your clients 24/7 access to view their balances, download statements, and make secure online payments through a branded interface.
- Document Management Store all your promissory notes, disclosures, and collateral photos directly within the loan file for instant retrieval and organization.
- Investor Reporting Manage multi-investor participations easily by calculating fractional interest payments and generating detailed performance reports for your backers.
- Trust Accounting Maintain accurate records of all funds moving through your accounts with built-in ledger tracking and reconciliation tools.
Encompass Features
- Automated Underwriting. Run automated checks against investor guidelines to receive instant feedback on loan eligibility and reduce manual review time.
- Digital Document Management. Collect, store, and e-sign loan documents securely in a paperless environment to speed up the closing process for your borrowers.
- Real-Time Compliance. Access automated compliance testing throughout the loan lifecycle to ensure every file meets federal and state regulatory requirements.
- Product and Pricing Engine. Search and compare thousands of loan products and real-time rates to find the best financing options for your customers.
- Borrower Engagement Tools. Provide your clients with a branded mobile experience where they can upload documents and track their loan status 24/7.
- Third-Party Integrations. Order credit reports, appraisals, and title services directly within your workflow through a massive network of integrated service providers.
Pricing Comparison
Bryt Pricing
- Up to 50 active loans
- Unlimited users
- Loan origination tools
- Automated servicing
- Document storage
- Standard reports
- Everything in Professional, plus:
- Up to 150 active loans
- Borrower portal access
- Investor management
- Advanced reporting
- API access
Encompass Pricing
Pros & Cons
Bryt
Pros
- Intuitive interface makes it easy to train new staff
- Excellent customer support with quick response times
- Automated document generation saves hours of manual work
- Flexible enough to handle various complex loan structures
Cons
- Initial setup requires significant time for data migration
- Higher starting price point for very small portfolios
- Limited native integrations with third-party accounting software
Encompass
Pros
- All-in-one system eliminates the need for multiple third-party tools
- Robust compliance features provide peace of mind during audits
- Extensive customization options allow you to build unique workflows
- Large network of integrated vendors simplifies service ordering
Cons
- Significant learning curve for new staff members
- System performance can slow down during peak volume periods
- Implementation process requires substantial time and technical resources