LendingQB Introduces Non-QM Toolkit
COSTA MESA, CALIF — LendingQB, a leading provider of SaaS mortgage origination technology, has announced the addition of its new Non-QM toolkit for both their Originator Portals (TPO and Retail) within LendingQB that now streamlines the Non-QM loan pricing, eligibility and submission workflow for originators.
Utilizing LendingQB’s Total Decision Engine, the Quick Pricer allows users to generate Non-QM scenario requests with only 12 simple fields of data and attach relevant documentation to deliver directly to lenders alongside any necessary messages. In addition, the tool kit includes loan scenario submission and bank statement submission functionality.
“Non-qualified mortgages continue to be one of the biggest emerging trends in our industry, and we simply enhanced our decision engine’s credit parsing and automated conditions generation capabilities with Non-QM functionality,” said David Colwell, vice president of strategy at LendingQB. “This added functionality gives our clients broader access to the Non-QM market and to the majority of Non-QM investors, whose programs and guidelines are already maintained by LendingQB.”
LendingQB, a provider of an innovative web-based loan origination system (LOS) and division of MeridianLink, continues to extend market-leading integrations through its web-based LOS that provides lenders with a flexible, innovative workflow. The system’s open-architecture application program interface (API) enables lenders to select the tools that maximize efficiency by leveraging integrations from more than 250 mortgage service providers. For more information, visit www.lendingqb.com.
MeridianLink, Inc., developer of the industry’s first multi-channel account opening and loan origination platform, is a leading provider of enterprise business solutions for financial service organizations. The company’s passion for excellence is reflected in its web-based credit reporting, lending and new account opening/deposit technologies, which all enjoy solid reputations as being cutting edge, reliable and affordable. Based in Costa Mesa, Calif., MeridianLink is committed to creating smart solutions that deliver real value. For more information, visit www.meridianlink.com.