Comparison

    Metro2 vs LendFoundry: Full Comparison

    LendFoundry is a full-stack enterprise lending platform where Metro 2 reporting is just one module within a much larger system. If you need a complete loan origination and servicing platform with credit reporting built in, LendFoundry is a strong option — but at $1,500+/month with multi-week deployment, it is massive overkill for businesses that simply need to generate and submit Metro 2 files. Metro2 by Switch Labs is purpose-built for Metro 2 reporting at a fraction of the cost, with self-service signup and same-day onboarding.

    Metro2

    Modern, cloud-based Metro 2 reporting

    Transparent pricing
    No long-term contracts
    Modern REST API
    Free trial available

    LendFoundry

    LendFoundry is an enterprise cloud-based digital lending platform offering loan origination, loan se...

    Pricing:Starting at $1,500/month (enterprise, custom pricing)
    Target:Enterprise fintech lenders, alternative lenders, and mid-to-large financial institutions that need a full digital lending platform with integrated credit bureau reporting

    Feature Comparison

    FeatureMetro2LendFoundry
    Metro 2 Format Generation
    Generate compliant Metro 2 format files for credit bureau submission
    Via LF-BureauSync module (not standalone)
    All Three Bureaus
    Submit to Experian, Equifax, and TransUnion
    Equifax, Experian, TransUnion, plus Innovis
    Real-time Validation
    Instant validation of data before submission
    CRRG-aligned validation engine
    Pre-submission checks for missing data, date errors, formatting
    API Access
    REST API for programmatic integration
    Full REST API from $29/mo
    80+ integrations, but API is for the lending platform — not a standalone Metro 2 API
    Bulk Upload
    Upload multiple accounts via CSV or Excel
    Drag-and-drop field mapping
    Data flows from loan servicing system — no standalone CSV/Excel upload for Metro 2
    Error Correction
    Built-in tools to fix rejected records
    Live editor with bulk updates
    Detects errors pre-submission; corrections made in loan servicing module
    Audit Trail
    Complete history of all submissions and changes
    Built into loan servicing system
    Modern UI
    Clean, intuitive user interface
    Modern cloud-based dashboards for the full lending platform
    No Long-term Contract
    Month-to-month billing without commitment
    Cancel anytime
    Enterprise contracts with custom terms; 4–6 week deployment
    Transparent Pricing
    Clear pricing without hidden fees
    Published on website
    Must contact sales — no published pricing for individual modules
    Automated Bureau Delivery
    Automated SFTP delivery to credit bureaus on a schedule
    Included from SMB plan ($29/mo)
    SFTP delivery requires client-provided endpoints
    Dedicated Support
    Direct access to support team
    Phone and email support; enterprise onboarding assistance

    LendFoundry Pros

    • Metro 2 reporting is tightly integrated with loan servicing data — no manual data re-entry
    • Automated Metro 2 format conversion including header, base, J1/J2, and trailer segments
    • Pre-submission validation detects missing borrower data, incorrect dates, and formatting issues
    • 80+ pre-built API integrations (Experian, TransUnion, Equifax, Plaid, DocuSign, Salesforce, etc.)
    • Reports to Equifax, Experian, TransUnion, and Innovis

    LendFoundry Cons

    • Not a standalone Metro 2 tool — requires buying the entire LendFoundry lending platform ($1,500+/month)
    • No self-service signup — requires sales consultation, custom contract, and 4–6 week deployment
    • Bureau delivery requires client-managed SFTP endpoints rather than automated delivery by the platform
    • Designed exclusively for lenders — not suitable for other data furnisher types (property managers, collections, etc.)
    • No transparent pricing — must contact sales for a quote

    When to Choose LendFoundry

    • 1Enterprise lenders who need a full loan origination and servicing platform with integrated Metro 2 reporting
    • 2Fintech companies building a complete digital lending stack where credit reporting is one of many requirements
    • 3Organizations already using or evaluating LendFoundry for loan management

    Why Choose Metro2 Over LendFoundry

    • Purpose-built for Metro 2 reporting at $19/month vs. $1,500+/month for an entire lending platform
    • Self-service signup and same-day onboarding vs. 4–6 week enterprise deployment with sales calls
    • Standalone Metro 2 tool — no need to buy a full lending platform just to report to credit bureaus
    • Drag-and-drop CSV mapping and bulk upload vs. data locked inside a loan servicing system
    • Automated SFTP delivery to bureaus included vs. client-managed SFTP endpoints
    • Transparent published pricing vs. contact-sales-for-a-quote

    Other Comparisons

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