MORTGAGE LOAN ORIGINATION SOLUTIONS

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1 MORTGAGE SOLUTIONS Technology, workflow and business strategies to impact your bottom line RUN YOUR BUSINESS AT A LOWER COST Your LOS shouldn t just originate, process and fund loans. It should be treated as an invaluable profit and business strategy center, not just an expensive piece of technology. FIND OUT MORE

2 MORTGAGE SOLUTIONS RUN YOUR BUSINESS AT A LOWER COST Your LOS shouldn t just originate, process and fund loans. It should be treated as an invaluable profit and business strategy center, not just an expensive piece of technology. THE PATH TO GREATER PROFITABILITY AND ORGANIZATIONAL OPTIMIZATION LendingQB is a software system that consolidates all aspects of mortgage lending into a single, fully integrated platform. From loan origination to funding, LendingQB is a true end-to-end system that leverages the power and cost-efficiency of web-based computing for a smoother, more efficient mortgage lending workflow. LendingQB s LOS takes a strategic, holistic view of a lender s unique business model one that leverages technology in ways you didn t think was possible. Whether you re a retail lender wanting to expand your online lending footprint, a wholesale lender trying to attract broker business or a national lender looking to boost your data analytic capabilities, LendingQB has spent years engineering a system that gives you the power to grow now and scale into the future. ABOUT LENDINGQB

3 MORTGAGE SOLUTIONS A SINGLE, FULLY INTEGRATED PLATFORM FOR MORTGAGE LENDERS By addressing each stage of the mortgage lending process and building a robust set of features, LendingQB provides mortgage lenders with an easy-to-use, easy-to-deploy platform for managing their entire lending process. 100% web browser-based, SSAE16 SOC 2 Type II Report-, EI3PA-, PCI-compliant solution Integrated with Fannie Mae s DO/DU and Freddie Mac s LP automated underwriting systems Paperless electronic document management system Fully integrated AUS allows automated underwriting to investor guidelines and extremely accurate loan pricing Flexible business rule automation enables extensive Quality Control checks Privately-branded consumer and B2B portals for loan eligibility, pricing, locking loans and document submission Continuously monitored compliance runs throughout the process

4 100% web browser-based, SSAE16 SOC 2 Type II Report-, EI3PA-, PCI-compliant solution Integrated with Fannie Mae s DO/DU and Freddie Mac s LP automated underwriting systems Paperless electronic document management system Fully integrated AUS allows automated underwriting to investor guidelines and extremely accurate loan pricing Flexible business rule automation enables extensive Quality Control checks Privately-branded consumer and B2B portals for loan eligibility, pricing, locking loans and document submission Continuously monitored compliance runs throughout the process

5 Private-labeled web portals for retail, wholesale and correspondent channels Serve all channels with electronic document management Online loan registration and locking Minimize data entry in LOS by permitting brokers to enter their own fees Daily rates for retail channel Online rate quotes Online 1003

6 Anytime, anywhere loan officer or branch access via web-browser Use AUS Pricing Engine for accurate point-of-sale loan eligibility and pricing Mobile app for Apple iphone and Android -based devices Automatically populate scenario-specific conditions to expedite originator document gathering Connect with every industry credit reporting vendor

7 Accurately determine loan eligibility based on investor guidelines and overlays Easily generate comparison reports to compare different rate options and scenarios to find the best fit for the borrower Directly integrate with DO/DU/LP within AUS Pricing Engine Comprehensive library of pre-built investor loan products Investor guideline updates and management provided by LendingQB Customize overlays for lender-specific eligibility criteria Automated rate sheet process updates Create separate price groups to manage different sales channels and pricing tiers Originator compensation automatically calculated into pricing Submit lock requests via LendingQB automated AUS Pricing Engine

8 Order services within the portal to reduce time outside the LOS (e.g., 4506T, appraisals, TOTAL Scorecard, DO/DU/LP) Seamlessly import documents and data from third party vendors into the loan file Real time updates to loan data and conditions across your organization Easy two-way communication and transparent updates for loan status, uploaded documents and conditions

9 Quickly re-check program eligibility with updated loan file data to ensure that borrower qualifies Prevent false positives through parsed credit report data, optimizing accurate, real-time loan eligibility results Review and approve loan file data, documents and conditions Create and assign conditions and documentation requests directly to processors or consumers

10 Provide electronic approval letters directly to all parties involved Indicate either pre-approved, approved or counter offer approval through separate loan statuses Directly assign conditions to either processors or applicable parties Assign additional tasks to appropriate parties including directly assigning request to the portal through automated task system

11 Seamless document integrations for fully compliant disclosures and closing docs Upload or fax documents directly into loan files Edit any electronic document: rearrange, insert, delete or split documents Automatically associate documents with their corresponding conditions Use barcode scanning technology to automatically index and route documents to borrower files Highlight documents and place annotations on documents electronically

12 Track warehouse lenders and auto-populate required information Auto-populate banking information based on currently assigned participants Create warehouse data tapes on either one-off or batch basis 3rd party extract for batch MERS registration and transfers

13 Buy-side and sell-side rate locking Easily generate rate lock confirmation notifications Track rate lock and audit history Pooling and trade features Risk management reporting Purchase advice reconciliation Post-closing document tracking Employ robust reporting tool to enable user-created reports or system pre-built reports

14 MORTGAGE SOLUTIONS WHAT MAKES LENDINGQB DIFFERENT? Consolidate all lending activities onto a single platform for a true end-toend experience. Designed to keep your users in a single software environment, regardless of their role or responsibility, LendingQB utilizes a single database of record to ensure that everyone is working on the same data. Whether it s an originator taking a loan application or producing disclosures, processors managing electronic documents, underwriters clearing conditions or secondary marketing locking rates and managing pricing, all lending activities are captured on a single database. Total control over your workflow. LendingQB s business rule automation is designed to help lenders maintain a smooth, efficient and compliant workflow to create workflow-specific checks and balances that prevent bottlenecks and mitigate risks. Move everything to the cloud. An Internet connection and a web browser are all that s needed for anywhere, anytime access to the industry s most advanced loan management platform. There is no need for desktop virtualization, thinclient software or other types of smoke and mirrors to achieve a software-free computing environment. LEAN LENDING LendingQB has developed a unique strategic discipline to driving increased profitability called Lean Lending, a set of best practices to help lenders streamline processes, ensure compliance and continuously improve. By combining advanced web technology, proven continuous improvement and a shared management model, lenders can achieve consistent and measurable success. ABOUT LENDINGQB LendingQB is a provider of 100% web browser-based, end-to-end loan origination software offering residential mortgage banking organizations lean strategies for optimal performance resulting in faster cycle times and lower costs per loan. To learn more about how we can help you, please call us at or visit lendingqb.com