Byte Software

Byte Software provides BytePro, an enterprise-class loan origination system built around configurability, offered in both cloud-hosted and self-hosted deployments and priced two entirely different ways.

Publishing a per-user and a per-loan model side by side, with a comparison tool for working out which is cheaper, is genuinely unusual and it addresses a real economic difference between lenders. Per-user costs 60 dollars per user per month with a seven user minimum, so 420 dollars monthly. Per-loan costs 70 dollars per funded loan with a 700 dollar minimum. A lender with a small team funding many loans and a lender with a large team funding few have opposite preferences, and most vendors pick one model and make the mismatched half of the market subsidise the rest.

Configurability is the other central Byte Software claim. Byte describes a highly configurable architecture delivering superior customisation of workflow, which matters in mortgage because lenders differ more in process than in product. The loans are broadly standardised by investors and regulation, while the internal workflow, approval hierarchy and document handling are where each lender's operation actually lives.

Byte Software integration options are flexible, connecting to popular industry vendors out of the box or through custom integrations with additional vendors and applications. The choice between cloud-hosted and self-hosted still matters to institutions with data residency or examination requirements that make a vendor-hosted system difficult. Byte positions the architecture and pricing structure together as letting an LOS scale how and when the lender wants.