Competitive Reality · Deep Dive
TMO is our real #1 competitor. Encompass got the spotlight; the data says otherwise.
Last updated 2026-04-22
53
TMO mentions in deals
2
Encompass mentions in deals
25×
Advantage
286 won + 250 lost deals
Sample size
44 combined
Dolphin / LendingWise / Lendr
We'd been building displacement plays around Encompass (the biggest US LOS by market share), but production deal data shows only 2 of 536 MA deals actually competed against Encompass. TMO dominated with 53. This changes where we focus outbound volume — not in general, but specifically for MA's private-lending niche.
3 workstreams
Tier 1 order now: TMO → Dolphin → LendingWise → Lendr → Baseline → Encompass. When a prospect uses multiple systems, the one MA actually wins against shows first in the Tech Stack column.
Full catalog: all Tier 1 competitors plus Calyx, LoanPro, Nortridge, Turnkey Lender, Floify, Liquid Logics, LendingPad, Nexys, cloudBankin, Zeitro, Bryt, Nav Fund Services, + 5 servicing platforms (Black Knight MSP, Sagent, Fiserv LoanServ, FICS, LoanCare).
Pulls competitors_mentioned + current_solution across all 8 pipelines (New Business, Revenue Retention, Renewal, Expansion & Growth). Surfaced the TMO finding that drove the re-tier.
Build a TMO-specific pain library (mirror the 7-angle Encompass library) — servicing-UX, investor-portal, draw-management angles
Run TMO-first outreach sequence once pain library ships
Tag every prospect in the 7,873 list with their detected system — filter the outbound list to TMO users and send first
Add Dolphin + LendingWise + Lendr pain libraries as parallel tracks