PHILADELPHIA, PA — LendingQB, a provider of SaaS loan origination technology solutions, is announcing its newest partnership with CondoTek, provider of CondoPak™. CondoPak™ creates the highest efficiency and support for lenders underwriting condominium loans. CondoPak™ includes the necessary condominium documents for lenders to review to be able to warrant and approve condominiums. CondoPak™ is offered at a flat-rate fee that lenders can elect to pass-through to the borrower creating transparency and consistency when underwriting a condominium loan. The lender opens CondoPak™ within the Lending QB platform and all documents are uploaded directly, completely streamlining the work flow. Mortgage lending organizations of all types and sizes benefit from this efficiency. Integrating CondoPak™ to LendingQB brings lenders a seamless experience that makes the loan process fast and efficient.
Joshua Kahn, Principal of CondoTek, states, “We are thrilled to integrate CondoPak™ directly into LendingQB’s leading loan origination system. LendingQB and CondoTek are focused on giving lenders the most innovative solutions making the loan process easier, faster and of highest quality. Adding CondoPak™ directly into LendingQB is a natural extension of that initiative”.
“Integrating with CondoTek is an example of how LendingQB provides lenders with specialized solutions,” said David Colwell, vice president of LendingQB strategy. “Our clients have told us that gathering condominium documents is a significant drain on their resources. Having a solution like CondoPak available through our API’s makes it easy for us to offer our clients access to this service and streamline the Condominium underwriting process. We’re pleased to partner with CondoTek.”
LendingQB is a provider of Lean Lending solutions for residential mortgage banking organizations. The Lean Lending solution consists of a 100 percent web browser-based, end-to-end loan origination system, best of breed integrations with key industry partners and ‘adoptimization’ services that result in faster cycle times and lower costs per loan. For more information, please call 888.285.3912 or visit www.lendingqb.com.
CondoTek is an Information and Technology firm that provides lender focused real estate related products and services in the condominium space. With a heavy concentration on creating efficiency CondoTek’s products and services are perfect for lenders of all sizes. For more information or a demo of CondoPak™ in LendingQB, visit http://www.condotek.com/.