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LAST UPDATED: June 7th, 2022

Founded by Jason van den Brand and Elijah Murray in 2012, Lenda believes mortgage loans should be simple, transparent, fast, and fee-free. To achieve this mission, the company has developed specialized technology that reimagines the experience of applying for a new home loan or refinancing a current home loan.

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The Good

  • No Origination Fees or Broker Commissions
  • Online Platform 
  • Quick Turnaround Time
  • Concierge Service
  • Blog

No Origination Fees or Broker Commissions

One of the best things about obtaining a home loan from Lenda is the fact that the company does not charge origination fees or broker commissions. Few companies offer this benefit, which can save borrowers thousands of dollars.

Additionally, its digital-first model allows the company to save on costs normally tied to the home loan industry; Lenda has passed on those savings to its customers by not requiring origination fees or broker commissions.

Online Platform 

Lenda offers a simple and fast online application process to qualify you for a home loan or to refinance your home loan. Because it bypasses brokers and banks, customers of Lenda do not have to worry about broker commissions or bank fees.

The process is easy: sign in and input your zip code, mortgage amount, and the value of your home. Lenda’s algorithm will then search the 200 products it offers—a selection of 10- to 30-year fixed rate mortgages—and gives you multiple options for a home loan or refinancing.

The process is transparent, allowing the consumer to compare rates and see how each rate is broken down into various fees. On average, it takes 30 to 45 minutes to get through this process. 

Quick Turnaround Time

Lenda guarantees its clients a fast turnaround time. In fact, its advanced technology and online mortgage process allows Lenda to process applications and close loans approximately 3.5 times faster than the standard industry speed, which reduces the amount of time it takes to get your loan funded. Its quick closing time is especially impressive since each loan is different and has any number of unique challenges that can delay the process. 

Concierge Service

Lenda goes the extra mile to ensure a fantastic home loan experience for its customers by providing a dedicated home loan advisor to work with each client from the start of the process to the finish. 


Lenda is actively involved on its company blog, which offers insightful resources and articles that are helpful for both current and future homeowners who are seeking information about home loans.


The Bad

  • Limited Availability 

Limited Availability

Currently, Lenda's services are only available in 12 states: California, Colorado, Oregon, Washington, Arizona, Pennsylvania, Georgia, Illinois, Michigan, Virginia, Florida and Texas. However, the company is growing rapidly and hopes to expand into other states very soon.


The Bottom Line

Lenda is an online platform that allows current and future homeowners to obtain a new home loan or refinance an existing home loan. The company offers several attractive features, including no origination fees or broker commissions, a quick turnaround time, start-to-finish concierge service, and informative online resources. 

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