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Reliability and Speed without Data Degradation
Intelligent Data Relationships between Multiple Datapoints and Information
Easy Integrations Made Possible with Every kind of Partner
Seamless Lights Out Integration to Make Underwriting Easy
Streamlined and Optimized at Every Step of the Process
Customizable During Implementation and After
Easy Configuration and Customization Throughout the LOS
Over 250 Integration Partners that Help Streamline the Origination Process
Industry Standard Security Apparatus that Keeps Data Safe Including SSAE-16 Certification
Built in Automation to Ensure Compliant Loans
More than just a Pricing Engine, Deeply Integrated into Every Aspect of the LOS
LendingQB’s LOS runs as a true Software as a Service meaning that, unlike other LOS software, our services are always connected to the backend of our systems. We take advantage of this in many ways. LendingQB’s LOS never has to be stopped or paused to update, we maintain the entire platform in house, and there is no hardware other than a computer with the capability of opening a web-browser needed. Because our LOS isn’t a stand-alone offline software, it has the capability to change with the mortgage industry.
Software as a Service is a software that exists in a web browser as a service. At LendingQB, True Software as a Service is truly Software and a Service. All of our technology, from the end-to-end LOS to our specialized automation engines, run because of our dedicated support teams. These teams work to ensure that every support question is answered knowledgeably and quickly. Our services exist not just as a loan origination software in a web-browser, but also as dedicated support staff that can provide efficiencies at any step, from day to day troubleshooting to integrating with a new 3rd party vendor, LendingQB support teams are there to supplement our software.
The advantages of True SaaS give LendingQB a leading edge in the industry.
The LOS utilizes a multi-tenancy architecture. This architecture allows individual lenders to use a singular instance of the system while maintaining a high level of configurability. Multi-tenancy is leveraged several ways:
LendingQB utilizes SQL relational databases meaning that our databases can recognize relations among data points. For example the credit reports and eligible loan products are related through one specific borrower, our system is able to detect and relate that information so that it is easily accessible and readable by the lender. Once the borrower or loan officer enters the initial information, LendingQBs SQL relational databases track and copy that data to automatically populate fields. Nothing has to be entered twice. Our API's can communicate directly with these relational databases to automatically fill fields. This database structure allows for automation and enables our faster, fitter lending approach.
An open API is a set of subroutine definitions, protocols, and tools for building an application. We use open API's as a toolbox to do three things: expand our lender’s capability to communicate with multiple vendors simultaneously, to customize the user experience in a way that data can be efficiently read by the user, and to automate processes to shorten the loan origination. LendingQB works with lenders to build specific integrations with vendors to integrate with the LOS using these API's. Open API's allow our systems to communicate data back and forth between vendor and our core system securely and quickly. LendingQB has successfully integrated with over 250 partners to better our lenders experience. Using this Open API toolbox we work with both the lender and vendor to provide a seamless experience and useful component to expand the LOS.
Take credit checks as an example: Open API’s allow the lenders system to ask the three big credit bureaus to send back information about a customer simultaneously. That large amount of data from three different systems comes back to the lenders system and is then combined and displayed in a manner that can be easily read and understood. All of which takes place automatically in the background of the LOS.
Everyday processes that at one time required a manual back and forth between companies, can now be automated to be done in the background of your LOS. No more waiting on emails or phone calls from your vendor. Open API's allow for the lender to input the data directly into the vendors system and instruct that system to output the information without having to leave the LOS, or even make a phone call.
See how LendingQB can optimize your lending experience today