Bryt Software

Bryt Software is a cloud-based loan management platform for lenders that service their own loans. It is delivered entirely through the browser and covers servicing, payments, borrower records, documents and reporting in one workspace.

Servicing activities run from a single dashboard: tracking payment status, monitoring delinquencies, applying fees, calculating payoffs, handling partial payments and adjusting schedules. Loan products are configured by the lender, with custom terms, rates, fees, interest calculations and payment schedules and no development work. A contact relationship management module keeps borrower profiles, payment history, communication logs and servicing notes, and automates payment reminders and follow-ups. Document management generates loan paperwork from templates, including welcome letters, promissory notes, amortisation schedules, ACH authorisations, truth-in-lending disclosures, periodic statements, payoff statements and demand letters, and borrowers get a white-labeled portal.

Bryt says it was built by lenders who were dissatisfied with the systems they used, and that it supports private lending, commercial, mortgage, consumer installment, microfinance, non-profit and CDFI programs and payday loans, from small private lenders through larger institutions. New customers have been onboarded to version 3 since August 2021, while version 2 remains available to legacy customers. The company offers a 30-day free trial, hands-on data migration and unlimited support, and lists its office at 44901 Village Ct in Palm Desert, California.

Pricing is modular but not published: the pricing page directs prospects to a calculator to price their own configuration. Ask for a written quote covering the modules you need, what migration of existing loans involves, and which version you would be onboarded onto.