Bryt Software

Bryt Software Features

Loan Tracking

• Automates calculations to eliminate errors
• Enables visibility of payment statuses
• Generates professional statements, notices, and letters
• Offers real-time, detailed accounting access for each loan

Loan Servicing

• Automates and streamlines loan servicing tasks
• Supports consumer, private, commercial, and mortgage lending programs
• Handles flexible amortization and payment schedules, including custom payment waterfall rules via add-on
• Automates ACH payments, late fees, and NSF processing
• Supports standard interest accrual methods, including 30/360, Actual/360, and Actual/365
• Offers white-labeled borrower and investor portals as add-on modules
• Allows flexible configuration of services, fees, and charges
• Centralizes creation, uploading, and storage of loan documents

Add-On Modules

• Custom User Field Module: Create unlimited custom fields for loans and borrowers. Included with Professional
• Custom Documents Template Module: Create custom document templates using MS Word and Bryt merge fields. Included with Professional
• Impound/Escrow Module: Collect and pay property taxes, insurance, and other expenses on behalf of borrowers
• Asset and Insurance Tracking Module: Maintain a record of assets. Notification of insurance policy expiration and tax payments due
• Lender Service Fee Module: Collect one-time or recurring fees and designate who receives the proceeds
• Borrower Portal Module: Private-labeled portal for borrowers to make payments and manage their account
• NACHA Module: Generate NACHA-formatted files for bank submission
• Esign Module: Send, sign, and store documents inside Bryt without an external e-signature app
• Benchmark Module: Automatically adjust loan rates based on Prime, LIBOR, or other market benchmarks
• Custom Payment Waterfall Module: Customize how payments are applied to principal, interest, and fees
• Draw Disbursement Module (Professional only): Track loan disbursements, draw requests, invoices, receipts, and change orders
• Multi-Lender/Investment Module and Investor Portal (Professional only): Track multiple lenders or investors on a single loan and give them portal visibility into positions and returns
• Escrow Analysis Module (Professional only): Create automated, periodic escrow analysis statements for shortages, surpluses, and payment adjustments
• ACH Module (third party): Process one-time and recurring ACH payments. Requires an ACHQ merchant account with additional monthly and transaction fees
• Ecrypt Module (third party): Process one-time and recurring credit card payments. Requires an Ecrypt merchant account with additional monthly and transaction fees

Additional modules include: Accounting Register, Custom Report Writer (Stimulsoft), Data Import, and Custom API. API access is now priced per API user.

Bryt Software Pricing

Both plans include one user, so expect to add seats. Bryt prices them by role, roughly $50 to $160/month each, with volume discounts on standard seats. Add-on modules are priced individually, most at $40/month and a few heavier ones at $100/month. ACH and credit card processing are third-party add-ons with their own merchant account fees.