Comparison

Conditionly vs. spreadsheets for tracking loan conditions

A spreadsheet can list your conditions. It can't send the requests, assign the work or tell your loan officer what changed. Here's an honest look at both.

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Conditions_FINAL_v3 (2).xlsxLast edited 4 days ago
Borrower
Condition
Status
Notes
Smith
W2s
recv?
check email
Smith
bank stmts
sent
sent again tues
Garcia
VOE
??
who has this
Garcia
appraisal
ordered
LO asking
With Conditionly
Smith Purchase
8 of 12 cleared
W-2s 2024 & 2025Received
Bank statements, 2 monthsReminder sent
Verify employment · Dan K.Working

Side by side

How the day-to-day work of managing conditions compares.

Task
Spreadsheet
Where conditions live
A separate file per loan, or one big sheet someone has to keep current
One dashboard for every borrower, loan and condition
Requesting documents
Type the list into an email by hand, every time
Pick conditions and send them in one click
Borrower experience
Plain emails, attachments sent back in reply threads
Branded requests with the loan officer front and center, plus a button to your company's secure portal
Status updates
Someone updates each row manually, when they remember
Mark items received or cleared in one place everyone can see
Internal team tasks
A notes column, or nowhere at all
Assign each internal condition to a teammate with a due date
Loan officer visibility
Ask the processor, or wait for the file to be shared
See new requests, received items and outstanding conditions anytime
PTD and PTF
Only if you build and maintain the columns
Labeled on every condition out of the box
Income calculations
Another spreadsheet, saved somewhere else
Built-in income calculator, kept with the loan
Setup
Design your own columns, statuses and templates
Built for loan conditions from day one
Cost
Free
$25/month billed quarterly, or $200/year. 7-day free trial

Which one is right for you?

A spreadsheet is fine for some people. Here's how to tell when you've outgrown it.

A spreadsheet can work if…
You close a small number of loans
One person requests and tracks every condition
Nobody else needs status updates
You're fine sending requests by hand from your inbox
You've outgrown it if…
You're managing a full pipeline
More than one person touches each file
Loan officers keep asking for updates
You send document requests and follow-ups every day
You want borrowers to get a professional, branded experience
Try Conditionly free for 7 days

Moving off the spreadsheet

01
Start your free trial
Every feature is included for 7 days. No columns or templates to build first.
02
Add your active loans
Put the files you're working now into your pipeline and invite your team.
03
Send your first request
Pick the outstanding conditions, send the branded email, and track each item as it comes in.

Common questions

Can I keep using my spreadsheet while I try Conditionly?
Yes. Many teams run a few new files through Conditionly during the trial before moving everything over.
Do my borrowers need an account?
No. The request email has a button that takes borrowers to your company's existing secure portal, so documents go where they always have. No sensitive documents are uploaded into Conditionly.
Is a spreadsheet really free?
The software is. The time spent retyping requests, updating rows and answering status questions is where the cost shows up.

Retire the spreadsheet.

Request, track and clear every condition from one place. Try every feature free for 7 days.

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