Costa Mesa

LendingQB Introduces ‘Lean Lending’ Technology Model to the Mortgage Industry

Loan Origination Software COSTA MESA, Calif., Nov. 6, 2013 (SEND2PRESS NEWSWIRE) — LendingQB, a provider of end-to-end loan origination software (LOS), announced that it has officially launched its Lean Lending methodology for the mortgage industry. Lean Lending is a technology strategy that enables lending entities to streamline processes, ensure compliance, and drive continuous organizational improvement.

“We developed the Lean Lending model, in part, to introduce lenders to a newfound method that most have not thought of to change the way they handle their technology strategies, systems usage, workflow automation, compliance practices and more,” said Binh Dang, president of LendingQB. “Lean Lending takes a holistic approach to lending that is comprised of three core components: one, streamline internal processes; two, compliance adherence; and three, ongoing organizational improvement. Companies that implement the Lean Lending model find themselves compliantly operating as a very lean, highly profitable, fine tuned mortgage assembly line.”

By streamlining processes, lenders are able to create a seamless workflow, eliminate unneeded software systems, reduce manual touch points, maximize employee productivity, and effortlessly move loans through the lending process from cradle to grave. Using Lean Lending’s approach to comprehensive compliance, multiple layers of compliance checks are implemented such as analytics tools, hard stops and red flag reporting. The organizational improvement component of Lean Lending implements mortgage best practices, metrics and concrete data to continually optimize operations.

LendingQB says recent data shows that lenders’ personnel costs per loan spiked 40 percent from 2009 to 2012 with costs being $2,353 in 2009 and jumping to $3,285 in 2012. LendingQB’s Lean Lending approach is proven to dramatically reduce costs and help lenders operate leaner and more efficiently while remaining compliant.

Dang added: “Most lenders have a tendency to keep doing things the same way. They may buy a new technology platform, but they fail to take a holistic approach to solving their specific business problems and end up with a system that doesn’t perform as expected, affects their profits, and will likely have them on the hunt for a new system soon rather than later. Lean Lending adapts to a lender’s unique business model and actually becomes a part of their business strategy.”

About LendingQB:

LendingQB is a Costa Mesa, California-based company that specializes in loan origination technology solutions and services for the mortgage industry. The LendingQB LOS is a 100 percent Web-based, true end-to-end enterprise-class loan origination platform. The solution is designed to meet the needs of all types of mortgage lenders – large or small, wholesale or retail, correspondent or Internet-based – with specialized tools that are targeted, customizable and flexible. LendingQB uses a consultative technology assessment approach before engaging with new clients, and places a strong emphasis on the utilization of data analytics to assist lenders in leveraging business intelligence, resulting in optimized organizational performance and lowered cost per loan.

For more information about LendingQB, please call 888-285-3912 or visit http://www.lendingqb.com/ .

NEWS SOURCE: LendingQB :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by Send2Press® Newswire, a service of Neotrope®.

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Instant Support Feature Within LendingQB’s LOS Cited by Clients as Key Driver in Responsive, Superior Customer Support

Loan Origination SoftwareCOSTA MESA, Calif., May 30, 2013 (SEND2PRESS NEWSWIRE) — LendingQB, an end-to-end provider of loan origination software, announced that a recent poll of its client base provided statistics that demonstrate the company’s track record of providing exemplary customer service and technical support. The survey was conducted to better understand what clients like most about LendingQB’s support levels. LendingQB’s “Instant Support” chat feature that is built into its LOS was identified as being instrumental in its ability to provide high levels of support and quick responses to questions.

The LOS’ Instant Support capability creates a unique communication medium that allows lenders to conveniently and quickly pose questions and have problems swiftly addressed. In addition to direct communication with clients, LendingQB’s support staff is able to view and take control of users’ desktops to identify, troubleshoot and fix issues while the user effortlessly watches. Almost half (46 percent) of all support requests are received via Instant Support.

Participants in the survey encompassed a wide range of job functions within lending organizations that included executives, loan officers and brokers, underwriters, processors, closers, shippers, set up staff and secondary marketing managers. A number of different categorical questions were asked of lenders. Notable is that LendingQB routinely monitors clients’ usage of its system to proactively reach out to them and call their attention to functionally that isn’t being used, as well as new functionality.

58 percent of respondents indicated that they had questions about how to take advantage of various features in the LOS, which they wanted to become familiar with in order to make their jobs easier. 94 percent of clients said their questions were answered clearly and expeditiously; 52 percent of support requests are responded to within 5 minutes; only 21 percent said they waited longer than an hour for a response; and 91 percent of LendingQB’s clients categorized support as being good or excellent.

“In talking with all types of lenders in the marketplace, one of the biggest complaints they have with their LOS providers is a lack of responsive support, an inability to clearly answer questions, and requests for new features and enhancements that frequently fall upon deaf ears,” stated Linn Cook, marketing director at LendingQB. “Vendor support is absolutely critical for lenders to be able to take full advantage of their LOS platform, and not just within the first 60 or 90 days. We’re proud to have a reputation as a provider that maintains a high and consistent level of support to our clients on a daily basis.”

About LendingQB:
LendingQB is a Costa Mesa, California-based company that specializes in loan origination technology solutions and services for the mortgage industry. The LendingQB LOS is a 100 percent Web-based, true end-to-end enterprise-class loan origination platform. The solution is designed to meet the needs of all types of mortgage lenders-large or small, wholesale or retail, correspondent or Internet-based-with specialized tools that are targeted, customizable and flexible. LendingQB uses a consultative technology assessment approach before engaging with new clients, and places a strong emphasis on the utilization of data analytics to assist lenders in leveraging business intelligence, resulting in optimized organizational performance and lowered cost per loan. For more information about LendingQB, please call 888-285-3912 or visit http://www.lendingqb.com/ .

CONTACT:
Joe Bowerbank
Profundity Communications, Inc.
949.378.9685
jbowerbank@profunditymarketing.com

LendingQB; 3080 Bristol Street, Suite 550, Costa Mesa, CA 92626; 714-957-6335.

NEWS SOURCE: LendingQB :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by Send2Press® Newswire, a service of Neotrope® – Copr. © 2013. Syndication source of this news item: http://www.send2press.com/newswire/Instant-Support-Feature-Within-LendingQB-s-LOS-Cited-by-Clients-as-Key-Driver-in-Responsive-Superior-Customer-Support_2013-05-0530-002.shtml .


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LendingQB Webinar Addresses Why Lenders are Challenged to Implement LOS Technology

loan origination SaaSCOSTA MESA, Calif., March 21, 2013 (SEND2PRESS NEWSWIRE) — LendingQB, a provider of end-to-end loan origination software, announced that it will be holding a free webinar on why lenders struggle to successfully implement new loan origination technology systems (LOS). The webinar will be held on March 27, 2013, at 1 p.m. Eastern Time.

Research reveals that 62 percent of IT projects fail to meet their schedules; 49 percent run over budget; 47 percent had higher-than-expected maintenance costs; and 41 percent failed to deliver the expected business value and ROI. Attendees of the webinar will gain firm understanding as to why this is and how lenders can avoid becoming a statistic.

“Mortgage lenders are on the hunt for new LOS platform as a way to increase efficiency and maintain compliance with new lending rules,” said Linn Cook, marketing director at LendingQB. “However, there’s always the risk that LOS implementations go over budget or fail entirely, costing lenders time, money and the opportunity to gain market share. We’ve performed extensive industry research and fully understand why this is happening and what lenders can do to achieve a well-planned, successful implementation that meets their expectations and delivers an attractive ROI.”

The webinar will explore the risks associated with LOS implementations and discuss the role of web-based software, customer service and the changing dynamics of vendor-client interactions in improving LOS implementation success. A real-world case study will be offered by a lender that has been through successful LOS implementations and also observed failed projects and those that fell short of expectations or went over budget.

Webinar speakers include:
* Linn Cook, Marketing Director at LendingQB;
* Lester Alitagtag, Enterprise Solutions Manager at LendingQB;
* Ron Cahalan, Sales Manager at The Lending Company.

Interested parties can sign up for the webinar by clicking here: https://www1.gotomeeting.com/register/971991513 .

About LendingQB:
LendingQB is a Costa Mesa, Calif.-based company that specializes in loan origination technology solutions and services for the mortgage industry. The LendingQB LOS is a 100 percent Web-based, true end-to-end enterprise-class loan origination platform. The solution is designed to meet the needs of all types of mortgage lenders-large or small, wholesale or retail, correspondent or Internet-based-with specialized tools that are targeted, customizable and flexible. LendingQB uses a consultative technology assessment approach before engaging with new clients, and places a strong emphasis on the utilization of data analytics to assist lenders in leveraging business intelligence, resulting in optimized organizational performance and lowered cost per loan.

For more information about LendingQB, please call 888-285-3912 or visit www.lendingqb.com.

MEDIA CONTACT:
Joe Bowerbank
Profundity Communications, Inc.
949.378.9685
jbowerbank@profunditymarketing.com.

NEWS SOURCE: LendingQB :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. Original source: http://goo.gl/O7m78.


Copyright © 2013 Send2Press for Journalists. This content is copyrighted under U.S. and international law and may only be used for non-commercial purposes by news aggregators or under license of the Neotrope® News Network - www.neotrope.net. .
Copr. © Neotrope and the news source - all rights reserved.


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Los Angeles-Based Mortgage Lender Lauds LendingQB for LOS Implementation Success

loan origination softwareCOSTA MESA, Calif., Feb. 26, 2013 (SEND2PRESS NEWSWIRE) — LendingQB, a provider of end-to-end loan origination software, announced today that they successfully implemented their web-based, end-to-end mortgage lending platform for OGI Mortgage Bankers, a fast-growing mortgage lender based in Los Angeles, Calif. Within seven weeks of signing a contract, OGI was able to launch and begin using a fully custom configured LendingQB platform immediately.

“Since I stepped in this business 25 years ago, I’ve never seen an implementation happen so quickly and thoroughly,” said Harry Oh, president and CEO of OGI. “We made the decision to use LendingQB right before New Year’s Day but we didn’t expect to start using the system until after Easter. Being ahead of schedule saves us more than time and effort, it saves us money.”

OGI is like many modern mortgage bankers in that they wanted to simplify their technology by replacing outdated client-installed software with a web-based system. “When we started the company in 2009, we bought a whole system – software, hardware, networking equipment – and spent an entire year getting it setup. It cost us a lot of money just to configure and learn how to use the system,” said Oh. “Then our vendor got acquired. That’s when we realized we had the wrong approach to technology. We’re a mortgage lender, not an IT company. We don’t need to own everything.”

In response, Oh actively began looking exclusively for web-based LOS providers. Although only a handful of mortgage LOS vendors offer a true web-based system, OGI felt it was a better long-term strategy. “We see other industries enjoying the benefits of web-based applications, so to us it’s a proven model,” Oh noted. “But we didn’t make any compromises in order to get a web-based system. Price, quality and service still matter.”

OGI selected LendingQB after a thorough evaluation process, which included testing with a live production system for an entire month. Oh cautioned that live testing was critical to their decision process. “We already went through a failed implementation so we didn’t want any surprises,” said Oh. “What did surprise us, however, was how quickly LendingQB handled our deployment and implementation.”

LendingQB takes all new clients through a comprehensive deployment process that is unlike anything Oh had seen before. “The day after we signed with LendingQB, their deployment team was sending us emails and scheduling meetings,” Oh said. LendingQB started with a detailed workflow discussion of OGI’s operations, and then provided them with an online tool to track task assignments and deployment status updates. “They were involved with our implementation at the ground level, gathering information from us and making changes to our system directly.”

After seven weeks of aggressively implementing the platform, OGI’s staff was fully trained and ready to start working in the LendingQB environment. “When I think back to our first system and the amount of time and resources we poured into purchasing it and getting it setup, it’s night and day,” remarked Oh. “LendingQB is like a part of my staff. They set milestones and kept us on track and prioritized. They did most of the configuration for us and responded quickly to any changes we wanted to make. Their organization and commitment to us was impressive.”

About LendingQB:
LendingQB is a Costa Mesa, California-based company that specializes in loan origination technology solutions and services for the mortgage industry. The LendingQB LOS is a 100 percent Web-based, true end-to-end enterprise-class loan origination platform. The solution is designed to meet the needs of all types of mortgage lenders-large or small, wholesale or retail, correspondent or Internet-based-with specialized tools that are targeted, customizable and flexible. LendingQB uses a consultative technology assessment approach before engaging with new clients, and places a strong emphasis on the utilization of data analytics to assist lenders in leveraging business intelligence, resulting in optimized organizational performance and lowered cost per loan. For more information about LendingQB, please call 888-285-3912 or visit http://www.lendingqb.com/ .

About OGI Mortgage Bankers:
Los Angeles-based OGI Mortgage Bankers, incorporated in May of 2009 and locally owned, is striving to establish itself as a premier full-service mortgage banker. The company provides access to a wide array of products and customized lending solutions, specializing in agency, government and niche residential mortgage product lines offering one of the most diversified and superior loan product portfolios while providing incomparable customer service. We are committed to being recognized as a technology-driven, one stop lender and company’s foundation built on partnerships, relationships and integrity, adhering to the highest ethical lending standards. For more information visit http://www.ogiwholesale.com/ or call (213) 739-4332.

MEDIA CONTACT:
Joe Bowerbank
Profundity Communications, Inc.
949-378-9685
jbowerbank@profunditymarketing.com.

NEWS SOURCE: LendingQB :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. Original Source Link: http://goo.gl/WMX8l.


Copyright © 2013 Send2Press NewsWire for Journalists. This content is copyrighted under U.S. and international law and may only be used for non-commercial purposes by news aggregators or under license of the Neotrope® News Network - www.neotrope.net. .
Copr. © Neotrope and the news source - all rights reserved.


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LendingQB to Exhibit at the TMBA’s 2013 Southern Secondary Market Conference

LendingQBCOSTA MESA, Calif., Feb. 7, 2013 (SEND2PRESS NEWSWIRE) — LendingQB, a provider of end-to-end loan origination software, announced that it will be exhibiting at the Texas Mortgage Bankers Association (TMBA) annual Southern Secondary Market Conference for the first time. The event will be held at the Marriott Woodlands Waterway Hotel and Convention Center in Houston, Texas on February 12-14, 2013.

At the conference, LendingQB plans to introduce its “You Configure vs. We Configure” technology approach to attendees, a concept that highlights the differences between Software-as-a-Service (SaaS) and traditional software vendors and how this impacts the rate of LOS implementation success. “Lenders don’t spend enough time thinking about what happens after they sign a contract,” said Linn Cook, marketing director at LendingQB. “They’re good at evaluating vendors for features, but they don’t pay enough attention to how a platform will be implemented. That’s why you see a lot of delays and failures.”

In general, complex software implementations go over budgets and beyond scheduled timeframes 65 percent of the time and 35 percent of projects end in outright failure. LendingQB believes that lenders end up spending anywhere between $100,000 and $500,000 in extra costs to complete implementations.

“The real problem is that many lenders simply accept this as the cost of doing business. They accept it when vendors say, ‘You configure it,’” said Cook. “This is where the SaaS model makes a huge difference.” Providing LOS functionality through a web-browser not only cuts IT costs, but it allows vendors to take on more of the burden of implementation, configuration and general platform maintenance. “We’ve never had a failed implementation,” Cook noted. “The ‘We Configure’ approach redefines the concept of service in a way that ensures implementation success.”

LendingQB will be making presentations of its ‘You Configure vs. We Configure’ approach at the TMBA Southern Secondary Market Conference at booth #15 in the expo hall. For more information, please contact Linn Cook at (714) 957-6335, extension 2212 or email him at lncook@lendingqb.com.

About LendingQB:
LendingQB is a Costa Mesa, California-based company that specializes in loan origination technology solutions and services for the mortgage industry. The LendingQB LOS is a 100% Web-based, true end-to-end enterprise-class loan origination platform. The solution is designed to meet the needs of all types of mortgage lenders-large or small, wholesale or retail, correspondent or Internet-based-with specialized tools that are targeted, customizable and flexible. LendingQB uses a consultative technology assessment approach before engaging with new clients, and places a strong emphasis on the utilization of data analytics to assist lenders in leveraging business intelligence, resulting in optimized organizational performance and lowered cost per loan. For more information about LendingQB, please call 888-285-3912 or visit http://www.lendingqb.com/ .

About Texas Mortgage Bankers Association:
Since 1917, members of the Texas mortgage banking community have turned to Texas Mortgage Bankers Association for its leadership in industry education, legislative initiatives and peer interaction. Today, TMBA’s purpose is still to serve the mutual interests of its members in order to preserve, enhance and advance the mortgage banking and real estate finance business in the State of Texas. In its effort to advance the Texas real estate finance industry, TMBA supports the highest professional and ethical standards of business among its members while promoting development and prosperity among the industry as a whole. TMBA members include mortgage lenders; mortgage brokers; real estate finance service providers such as title private mortgage insurance companies, and other real estate insurance providers; attorneys, etc. TMBA aims to meet the educational needs of its membership by providing up-to-date information on new publications and the development of instructional courses that expand the scope of mortgage banking. For more information, visit http://www.texasmba.org/ or call (512) 480-8622.

MEDIA CONTACT:
Joe Bowerbank
Profundity Communications, Inc.
949-378-9685
jbowerbank@profunditymarketing.com.

NEWS SOURCE: LendingQB :: This press release was issued on behalf of the news source by Send2Press(R) Newswire, a service of Neotrope(R). View all current news at the Send2Press for Journalists Portal: http://Send2PressNewswire.com/ .


Copyright © 2013 Send2Press NewsWire for Journalists. This content is copyrighted under U.S. and international law and may only be used for non-commercial purposes by news aggregators or under license of the Neotrope® News Network - www.neotrope.net. .
Copr. © Neotrope and the news source - all rights reserved.


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LendingQB’s LOS Integrated with MCT Trading HALO-Link for Optimal Hedging

COSTA MESA, Calif., Jan. 16, 2013 (SEND2PRESS NEWSWIRE) — LendingQB, a provider of end-to-end loan origination software, announced that its Web-based loan origination system (LOS) has been integrated with Mortgage Capital Trading’s (MCT) proprietary HALO (Hedging And Loan sales Optimization) platform(SM). The interface, dubbed HALO-Link™, allows for pipeline and trade data to automatically be exchanged from LendingQB’s LOS to the HALO platform.

MCT’s bi-directional HALO-Link interface enables for consistent time or change-based delivery of loan pricing, trade and pipeline data from the product and pricing engine (PPE) within LendingQB’s LOS directly to and from MCT’s clients-specific HALO database. As a result, data the consistency from LendingQB’s LOS to MCT ensures that mutual clients’ pipelines of locked loans are accurately priced and optimally hedged. The new interface helps lenders realize higher profit gains from MCT’s mandatory trade executions to investors.

“Lenders are increasingly turning to the utilization of a hedging strategy in secondary marketing to achieve greater profitability,” said David Colwell, vice president of corporate strategy at LendingQB. “The integration between our LOS and MCT’s HALO-Link enables the timely delivery of data so that loans can be hedged more frequently and accurately. Eliminating manual steps in the data exchange process reduces errors, mitigates risk, saves money and ultimately drives profitable loan sales to investors. It’s a win-win for our mutual customers.”

“Partnering with LendingQB is a natural fit between our two platforms, and adds more value to the technology tools we already offer our clients as part of our end-to-end support services,” said Curtis Richins, president of MCT. “Via this integration, it’s really easy for our trading analysts to access our client’s pricing data that resides in LendingQB’s PPE, which gives us instant access to accurate pricing information in real-time.”

About LendingQB:
LendingQB is a Costa Mesa, California-based company that specializes in loan origination technology solutions and services for the mortgage industry. The LendingQB LOS is a 100% Web-based, true end-to-end enterprise-class loan origination platform. The solution is designed to meet the needs of all types of mortgage lenders-large or small, wholesale or retail, correspondent or Internet-based-with specialized tools that are targeted, customizable and flexible. LendingQB uses a consultative technology assessment approach before engaging with new clients, and places a strong emphasis on the utilization of data analytics to assist lenders in leveraging business intelligence, resulting in optimized organizational performance and lowered cost per loan. For more information about LendingQB, please call 888-285-3912 or visit http://www.lendingqb.com/ .

About Mortgage Capital Trading:
MCT Trading is a risk management and advisory services company providing independent analysis, training, hedging strategy and loan sale execution support to clients engaged in the secondary mortgage market. Founded in San Diego, California in May 2001, the company has expanded to include field sales and support offices in Philadelphia, Dallas, Charlotte and San Francisco. MCT is recognized as a leading provider of mortgage pipeline hedging service and currently supports more than 85 clients on the HALO (Hedging And Loan sales Optimization) Program. MCT also offers a service that effectively outsources a centralized lock desk for mortgage bankers called LockCentral. For more information, please visit http://www.mct-trading.com/ or call (619) 543-5111.

MEDIA CONTACT:
Joe Bowerbank
Profundity Communications, Inc.
949.378.9685
jbowerbank@profunditymarketing.com.

LendingQB, 3080 Bristol Street, Suite 550, Costa Mesa, CA 92626; 714-957-6335.

NEWS SOURCE: LendingQB :: This press release was issued on behalf of the news source by Send2Press(R) Newswire, a service of Neotrope(R). View all current news at the Send2Press for Journalists Portal: http://Send2PressNewswire.com/ .

The above press release, LendingQB’s LOS Integrated with MCT Trading HALO-Link for Optimal Hedging originally appeared in this format on Send2Press NewsWire for Journalists. © the Neotrope® News Network.


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LendingQB President Binh Dang Designated to ‘Top 40 Under 40 Most Influential Mortgage Professionals List’

COSTA MESA, Calif., Jan. 11, 2013 (SEND2PRESS NEWSWIRE) — LendingQB, a provider of end-to-end loan origination software, announced that its president, Binh Dang, has been named to National Mortgage Professional magazine’s Top 40 Most Influential Mortgage Professionals Under 40 list.

National Mortgage Professional magazine cites individuals who make the list as being executives who continue to forge forward, lead by example, set the bar high for education, professionalism and excellence in the mortgage industry. Dang is recognized for his industry contributions in developing high-impact mortgage technology solutions for mortgage bankers, banks and credit unions.

“I am honored to be recognized as a person who is making a difference in the mortgage industry,” said Dang. “My entire career has been dedicated to developing leading-edge technologies that make lending institutions more efficient and profitable. I feel privileged that the magazine has acknowledged my past and continuing efforts to better the industry by way of utilizing contemporary technology.”

Mr. Dang is currently the founder and president of LendingQB, a provider of browser-based end-to-end mortgage loan origination platforms that was officially launched in 2011 and has gained rapid adoption among mortgage lenders of all types. Mr. Dang also created PriceMyLoan, a successful best-of-breed mortgage pricing engine and automated underwriting system.

Notable in 2012 is that Dang created a highly effective technology assessment and due diligence model dubbed an Enterprise Process Assessment (EPA), which is a unique approach to helping lenders make better technology decisions. In addition, Dang rolled out an enhanced LOS platform in 2012 that has been well-received and widely successful in the industry as one of the leading loan origination technology solutions.

Dang is an active member for the Mortgage Bankers Association and regional trade groups, participates in industry events, serves as an expert speaker on panels and is a regular thought leader in the mortgage media. He holds a B.S. in Computer Science from the University of California at Irvine.

About LendingQB:
LendingQB is a Costa Mesa, California-based company that specializes in loan origination technology solutions and services for the mortgage industry. The LendingQB LOS is a 100% Web-based, true end-to-end enterprise-class loan origination platform. The solution is designed to meet the needs of all types of mortgage lenders-large or small, wholesale or retail, correspondent or Internet-based-with specialized tools that are targeted, customizable and flexible. LendingQB uses a consultative technology assessment approach before engaging with new clients, and places a strong emphasis on the utilization of data analytics to assist lenders in leveraging business intelligence, resulting in optimized organizational performance and lowered cost per loan. For more information about LendingQB, please call 888-285-3912 or visit http://www.lendingqb.com/ .

MEDIA CONTACT:
Joe Bowerbank
Profundity Communications, Inc.
949-378-9685
jbowerbank@profunditymarketing.com

LendingQB; 3080 Bristol Street, Suite 550, Costa Mesa, CA 92626. 714-957-6335; www.lendingqb.com.

NEWS SOURCE: LendingQB :: This press release was issued on behalf of the news source by Send2Press(R) Newswire, a service of Neotrope(R). View all current news at the Send2Press for Journalists Portal: http://Send2PressNewswire.com/ .


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Consumers National Bank Establishes Mortgage Division and Facilitates Growth using LendingQB LOS

COSTA MESA, Calif., Dec. 11, 2012 (SEND2PRESS NEWSWIRE) — LendingQB, a provider of end-to-end loan origination software, announced that Ohio-based Consumers National Bank is successfully utilizing its Web-based loan origination system (LOS) to operate its entire mortgage lending business. LendingQB was selected specifically to launch the bank’s mortgage business in April 2012. Since that time, Consumers National Bank has been able to grow its fledgling operations while keeping technology costs low and adding only minimal support staff.

Consumers National Bank made the implementation of technology a top priority before it launched its mortgage practice, opting to first implement LendingQB’s end-to-end LOS as the backbone of its lending operation prior to hiring staff. This allowed the bank to work with LendingQB’s implementation team to evaluate their technology and business objectives, and then configure a seamless workflow that avoided manual touch points to maximize employee productivity.

“We wanted a single platform that had the flexibility to adapt and scale with our lending practice as we expanded the business and brought on more employees,” said Mike Stoffer, VP of mortgage services at Consumers National Bank. “By working with the team at LendingQB, we have been able to create a highly efficient lending process from the point-of-sale (POS) through underwriting, processing, closing and secondary marketing. My employees continue to be amazed at the power of the LendingQB system, how intuitive it is to use, and how much easier it makes their jobs.”

LendingQB’s Edoc paperless system and seamless integrations with ComplianceEase and DocMagic allows Consumers National Bank to operate entirely within the LOS environment, automating critical processes and accelerating the flow of loan processes in an efficient manner.

“It almost seems implausible that we can do everything we need to operate our business from cradle to grave through a simple Web-browser,” Stoffer added. “Initial disclosures, closing documents, compliance checks, e-signatures – I’ve been in this business a long time and LendingQB has radically changed the way mortgage lenders are able to manage their business. Even LendingQB’s support is unlike anything I’ve seen before. They provide a chat module that resides within the system itself so that my staff can ask questions on the spot and get a response instantly. This is the most responsive technical team I have worked with in my career and that’s really made a difference. They are truly a long-term partner that listens to and works with my team.”

Consumers National Bank reports that the LendingQB system has improved employee productivity and communication, provided complete visibility through detailed reporting, cut origination costs and positioned the bank well for future growth in mortgage lending. Further, LendingQB has enabled Consumers National Bank to become a 100 percent paperless operation.

“Consumers National Bank is an innovative organization dedicated to smart growth,” said Binh Dang, president of LendingQB. “We worked with them to configure LendingQB to model their specific workflow. Our best practices allowed them to maximize usage of our system before they originated a single loan, which has proven to be key to their success. Now, as they grow their mortgage lending unit, they’ll be able to scale at a lower cost per and provide their customers with superior service at a better price.”

About LendingQB:
LendingQB is a Costa Mesa, California-based company that specializes in loan origination technology solutions and services for the mortgage industry. The LendingQB LOS is a 100 percent Web-based, true end-to-end enterprise-class loan origination platform. The solution is designed to meet the needs of all types of mortgage lenders-large or small, wholesale or retail, correspondent or Internet-based-with specialized tools that are targeted, customizable and flexible.

LendingQB uses a consultative technology assessment approach before engaging with new clients, and places a strong emphasis on the utilization of data analytics to assist lenders in leveraging business intelligence, resulting in optimized organizational performance and lowered cost per loan. For more information about LendingQB, please call 888-285-3912 or visit www.lendingqb.com.

About Consumers National Bank:
Consumers National Bank is an independent community bank that provides a comprehensive line of banking and other investment services to business and personal customers through its main office in Minerva, and branches in Alliance, Carrollton, Canton, East Canton, Hanoverton, Hartville, Jackson-Belden, Lisbon, Louisville, Malvern, Salem, and Waynesburg, Ohio. More information about Consumers National Bank can be accessed online at www.consumersbank.com. Member FDIC. Equal Housing Lender.

MEDIA CONTACT:
Joe Bowerbank
Profundity Communications, Inc.
949-378-9685
jbowerbank@profunditymarketing.com.

LendingQB, 3080 Bristol Street, Suite 550, Costa Mesa, CA 92626; 714-957-6335; www.lendingqb.com.

NEWS SOURCE: LendingQB :: This press release was issued on behalf of the news source by Send2Press(R) Newswire, a service of Neotrope(R). View all current news at the Send2Press for Journalists Portal: http://Send2PressNewswire.com/ .


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LendingQB President Binh Dang to Speak on Panel at Mortgage Technology Conference

COSTA MESA, Calif., Nov. 29, 2012 (SEND2PRESS NEWSWIRE) — LendingQB, a provider of end-to-end loan origination software, announced that its president, Binh Dang, will present on a panel session entitled “Mobile Originations in a Tablet World” at SourceMedia’s 14th Annual Mortgage Technology conference in Miami Beach, Florida on November 30.

According to research, there are more tablets expected to be sold than PCs by 2016; more U.S. Internet users will access through their mobile devices than PCs by 2015; by 2014, almost every mobile device in the United States will be an Internet-enabled smart phone; and an estimated 40 percent will use tablets.

The panel is comprised of mortgage industry technology experts that will focus discussions on top-of-mind questions and concerns for lenders that are considering mobile technology to improve efficiency and grow their origination business.

Key Topics Include:
* How apps are being used and how they will be used in the near and distant future
* Internal use vs. external use
* Adoption challenges
* Mobile’s effect on e-mortgages
* Performance and scalability
* Data security
* Cross-platform, cross-device, cross-browser
* Leveraging mobile technology from other industries
* Native vs. Web-based vs. Hybrid.

Panel Moderator:
* Austin Kilgore, Managing Editor of Mortgage Technology magazine.

Panel Members:
* Binh Dang, President of LendingQB
* Rob Jannotte, EVP of Product Management at Mortgage Cadence
* Jonas Moe, VP of Product Strategy at Ellie Mae.

Session Information:
Topic: Using Mobile Originations in a Tablet World
Date: Friday, November 30, 2012
Time: 8:30 a.m.-9:30 a.m. Eastern Standard Time
Location: Trump International Beach Resort; 18001 Collins Avenue; Sunny Isles Beach, FL 33160; (305) 692-5600.

Conference Web site: http://www.nationalmortgagenews.com/conferences/mo… .

About LendingQB:
LendingQB is a Costa Mesa, California-based company that specializes in loan origination technology solutions and services for the mortgage industry. The LendingQB LOS is a 100 percent Web-based, true end-to-end enterprise-class loan origination platform. The solution is designed to meet the needs of all types of mortgage lenders-large or small, wholesale or retail, correspondent or Internet-based-with specialized tools that are targeted, customizable and flexible.

LendingQB uses a consultative technology assessment approach before engaging with new clients, and places a strong emphasis on the utilization of data analytics to assist lenders in leveraging business intelligence, resulting in optimized organizational performance and lowered cost per loan. For more information about LendingQB, please call 888-285-3912 or visit http://www.lendingqb.com/ .

MEDIA CONTACT:
Joe Bowerbank
Profundity Communications, Inc.
949.378.9685
jbowerbank@profunditymarketing.com.

- Photo Caption: Binh Dang.

NEWS SOURCE: LendingQB :: This press release was issued on behalf of the news source by Send2Press(R) Newswire, a service of Neotrope(R). View all current news at the Send2Press for Journalists Portal: http://Send2PressNewswire.com/ .


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LendingQB Appoints David Colwell VP of Corporate Strategy

COSTA MESA, Calif., Nov. 8, 2012 (SEND2PRESS NEWSWIRE) — LendingQB, a provider of end-to-end loan origination software, announced that it hired David Colwell as vice president of corporate strategy. The position is a newly created role that will focus heavily on developing the company’s long-term business strategy and providing strategic guidance through its current growth mode.

Colwell has more than 25 years of experience in financial services sector and possesses expertise in strategic planning, business development, enterprise optimization and transformation, top line and bottom line management, strategic alliances and M&A deal management. He has worked for several technology vendors and lenders including Wells Fargo, Mortgage Cadence, Portellus, Cap Gemini/Ernst & Young, Prudential and Loan-Score Decisioning Systems.

Most recently, Colwell was an EVP at Loan-Score Decisioning Systems where he was instrumental in building the company and successfully executing the sale of Loan-Score to Calyx Software, resulting in a significant return on investment. Before Loan-Score, he was the senior executive of strategic solutions for Portellus, an LOS and business rules management provider.

Previous to that, he was the managing partner of SDDC Group, a financial services consulting firm focused on planning, technology enablement and operations improvement, where he managed several engagements with top 25 mortgage bankers. In addition, Colwell was also the CEO of United Capital Mortgage Corporation, a correspondent lender with over 300 employees. Before United Capital, Colwell was a director at Cap Gemini & Gemini Consulting; vice president of corporate finance at Peakcok, Hislop, Staley & Given; and a senior auditor with Arthur Andersen.

“I’ve worked with lots of different technologies throughout my career in financial services and have seen some of the best and worst platforms,” commented Colwell. “After performing thorough due diligence on LendingQB, seeing in depth demonstrations of their end-to-end LOS, speaking with numerous clients and reviewing system performance, which is backed by actual metrics, it became clear that LendingQB’s technical team has engineered what I believe to be the best LOS platform in the Industry. I am excited to be a part of the LendingQB team and help take the company to the next level.”

Colwell is active member for the Mortgage Bankers Association of America, regularly attends industry trade shows and conferences, serves as an expert speaker on panels and is a regular thought leader in the mortgage media. He holds a B.S. in business administration with a concentration in accounting and an M.B.A. with a concentration in finance from Arizona State University.

About LendingQB:
LendingQB is a Costa Mesa, California-based company that specializes in loan origination technology solutions and services for the mortgage industry. The LendingQB LOS is a 100 percent Web-based, true end-to-end enterprise-class loan origination platform. The solution is designed to meet the needs of all types of mortgage lenders-large or small, wholesale or retail, correspondent or Internet-based-with specialized tools that are targeted, customizable and flexible.

LendingQB uses a consultative technology assessment approach before engaging with new clients, and places a strong emphasis on the utilization of data analytics to assist lenders in leveraging business intelligence, resulting in optimized organizational performance and lowered cost per loan. For more information about LendingQB, please call 888-285-3912 or visit http://www.lendingqb.com/ .

MEDIA CONTACT:
Joe Bowerbank
Profundity Communications, Inc.
949-378-9685
jbowerbank@profunditymarketing.com.

LendingQB, 3080 Bristol Street, Suite 550, Costa Mesa, CA 92626. 714-957-6335. www.lendingqb.com.

NEWS SOURCE: LendingQB :: This press release was issued on behalf of the news source by Send2Press(R) Newswire, a service of Neotrope(R). View all current news at the Send2Press for Journalists Portal: http://Send2PressNewswire.com/ .


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LendingQB Shares Results from LOS Technology Evaluation Model

COSTA MESA, Calif., Oct. 18, 2012 (SEND2PRESS NEWSWIRE) — LendingQB, an end-to-end browser-based LOS provider, revealed the results from its Enterprise Process Assessment (EPA) engagements with clients and prospects, which is a workflow evaluation model designed that helps lenders make objective decisions on their technology initiatives.

LendingQB developed the EPA as a tool to help lenders fully understand the drivers that motivate technology improvement efforts. “Research shows that upwards of 65 percent of complex software implementations result in failure,” said David Colwell, vice president of corporate strategy at LendingQB. “Even for implementations that do succeed, more than a third of these projects go over budget. The goal of the EPA is to help lenders avoid being one of these statistics and achieve an optimal ROI that effectively addresses the technology goals they have in mind.”

LendingQB unveiled their EPA model earlier this year, and conducted a series of webinars over the summer to help lenders objectively evaluate mortgage technologies. The EPA model engages lenders through in-depth interviews with lending executives and management, and is followed by detailed mapping of a lender’s unique workflow, which then provides a framework for LendingQB to construct a custom survey that gathers productivity assessments from the lender’s staff. A statistical analysis is then applied to identify key improvements and correlate data along with recommended technology objectives and a clear path forward roadmap.

EPA findings show that:
* Lenders tend to focus on surface-level features instead of addressing solutions to underlying problems.
* There are typically five major productivity bottlenecks that lenders try to address with new technology.
* Prioritization of features is determined using subjective methods instead of relying on objective or empirical data such as productivity improvement.
* Stakeholder input is typically gathered top-down versus bottom-up.
* Vendor evaluations focus primarily on system functionality and give less weight to system utilization.

The EPA provides lenders with a balanced and objective perspective on a vendor’s complete technology stack and uncovers issues that are not readily apparent to management. “Even large organizations that can produce detailed RFPs are not immune to what I term ‘feature enamored syndrome,’ or poor weighting of technology demands,” noted Colwell. “We designed the EPA to be as an aid to existing evaluation methods. As a company that has successfully implemented systems for hundreds of financial institutions, our value to lenders is more than the systems we build. We want to contribute to a lender’s success, whether they use our technology or not.”

LendingQB will be holding discussions at the MBA’s 99th Annual Convention & Exposition at the Hyatt Regency in Chicago, Illinois from October 21 – 24 to discuss the results of their EPA model and findings. For more information about LendingQB’s EPA and the technology solutions, please contact David Colwell at (714) 957-6335, ext. 2456 or via email davidc@lendingqb.com.

About LendingQB:
LendingQB is a Costa Mesa, California-based company that specializes in loan origination technology solutions and services for the mortgage industry. The LendingQB LOS is a 100 percent Web-based, true end-to-end enterprise-class loan origination platform. The solution is designed to meet the needs of all types of mortgage lenders-large or small, wholesale or retail, correspondent or Internet-based-with specialized tools that are targeted, customizable and flexible. LendingQB uses a consultative technology assessment approach before engaging with new clients, and places a strong emphasis on the utilization of data analytics to assist lenders in leveraging business intelligence, resulting in optimized organizational performance and lowered cost per loan. For more information about LendingQB, please call 888-285-3912 or visit http://www.lendingqb.com/ .

MEDIA CONTACT:
Joe Bowerbank
Profundity Communications, Inc.
949.378.9685
jbowerbank@profunditymarketing.com.

NEWS SOURCE: LendingQB :: This press release was issued on behalf of the news source by Send2Press(R) Newswire, a service of Neotrope(R). View all current news at the Send2Press for Journalists Portal: http://Send2PressNewswire.com/ .


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Binh Dang of LendingQB Named to The MReport’s ‘Top Five Industry Lending Leaders’ List

COSTA MESA, Calif., Oct. 10, 2012 (SEND2PRESS NEWSWIRE) — LendingQB, a provider of end-to-end loan origination software, announced that its president, Binh Dang, has been named to The MReport magazine’s “Top Five Industry Lending Leaders” list.

The magazine cites individuals who make the list as being housing finance game-changers whose influence is breaking new ground and promoting innovation in the industry. Those selected are revered executives who continue to strategically move the industry forward, provide expertise and thought leadership, evangelize various issues and solutions, lead by example and demonstrate an unwavering commitment to excellence in the mortgage industry.

“I am honored to be named a Top Five Industry Lending Leader by The MReport, recognizing me for the work I have done to advance and drive the adoption of mortgage technology initiatives,” said Binh Dang, president of LendingQB. “Over the years I’ve worked diligently to continually innovate and introduce new mortgage technology solutions that solve real business issues. My business creed is that using the right philosophy and a well-defined mission, engineering forward-thinking technology solutions effectively solves complex problems, which otherwise may take others years to identify as being a necessity.”

Dang is recognized for the extensive headway he has made in developing leading-edge technology solutions in the mortgage banking industry. He is known as an experienced technologist that has dedicated his career to engineering leading software solutions built with contemporary architectures that optimize lending operations. He has a proven track record of successfully building and growing software companies in the mortgage banking industry and holds more than 15 years of experience driving the development of highly flexible and scalable mortgage technology solutions.

Dang is currently the president and founder of LendingQB, a browser-based end-to-end LOS platform, which was officially launched in 2011 and has gained rapid adoption among lenders of all types. Prior to LendingQB, he founded PriceMyLoan, a widely used best-of-breed pricing engine and AUS. Before that, he was the director of information technology at TrueLink, a technology company that built the first web-based underwriting system. Dang is a member for the Mortgage Bankers Association of America, serves as an expert speaker on panels, and is a regular thought leader in the mortgage media. He received a B.S. in Computer Science from the University of California, Irvine.

About LendingQB:
LendingQB is a Costa Mesa, California-based company that specializes in loan origination technology solutions and services for the mortgage industry. The LendingQB LOS is a 100 percent Web-based, true end-to-end enterprise-class loan origination platform. The solution is designed to meet the needs of all types of mortgage lenders-large or small, wholesale or retail, correspondent or Internet-based-with specialized tools that are targeted, customizable and flexible.

LendingQB uses a consultative technology assessment approach before engaging with new clients, and places a strong emphasis on the utilization of data analytics to assist lenders in leveraging business intelligence, resulting in optimized organizational performance and lowered cost per loan. For more information about LendingQB, please call 888-285-3912 or visit http://www.lendingqb.com/ .

MEDIA CONTACT:
Joe Bowerbank
Profundity Communications, Inc.
949-378-9685
jbowerbank@profunditymarketing.com

LendingQB, 3080 Bristol Street, Suite 550, Costa Mesa, CA 92626; 714-957-6335; www.lendingqb.com.

NEWS SOURCE: LendingQB :: This press release was issued on behalf of the news source by Send2Press(R) Newswire, a service of Neotrope(R). View all current news at the Send2Press for Journalists Portal: http://Send2PressNewswire.com/ .


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Steering Wheel Guy Announces Pre-Orders for PersonaGrip Steering Wheel Grip Kits that Can Help Bring Jobs Back

COSTA MESA, Calif., Sept. 28, 2012 (SEND2PRESS NEWSWIRE) — PersonaGrip’s Steering Wheel Guy, Ed Dellis, inventor of the custom-moldable handgrips used in auto racing and manufacturing, announces crowd-funding for his steering wheel grips.

Poorly designed custom-molded steering wheel grips have been injuring drivers ever since the inventor’s near-death experience pulled him away from racing over a decade ago.

“While I’m flattered that teams embrace the technology that I pioneered with PersonaGrip over two decades ago, it hurts me to see the teams now making the same mistakes I made when I first started molding grips back in the early-’90s,” says inventor, Ed Dellis.

“With two decades and 759 steering wheel grips under my belt, I now have the experience to do what Roger Penske and Rick Mears asked me to do in Milwaukee after Emerson Fittipaldi won the ’93 Indy 500 with Serial #001 wheel: tool up for Mass Production.”

The healthy inventor is now launching for a limited-time – a crowd funding project at http://Indiegogo.com/SteeringWheelGuy where early investors can purchase – at half-price – pre-molded grip kits that introduce many new patent-pending safety features to prevent blisters in normal use and fractures on impact.

Dellis will raise $69,750 to fund the injection-mold tooling that will produce grip inserts that Master Certified Techs can install on trimmed, 1.0 inch-thick sections of steering wheels. The grips can then be heated and molded to suit a driver, or an entire team of drivers in endurance racing.

Kits will come in three basic forms:
* NASCAR Kits – Feature a smooth textured front side with finger grooves on the back.
* Road Race Kits – Wings, flutes, flanges, and rollers, all encapsulate the driver’s hand for maximum leverage and improved feedback.
* Full-Wheel Kits – Contain both sets to cover their entire wheel with the same moldable material that Dellis blends from six materials to get the ideal feel and re-moldability characteristics.

As Mechanical Engineer and Driving Instructor, Dellis is intimately aware of what it takes to get a good grip on the steering wheel. Now, everyone can benefit from his decades’ experience molding steering wheels for the best drivers in IndyCar, NASCAR, and Formula One.

Industrial Worker Ramifications:
Dellis also plans on returning to automotive factories to mold tools for assembly line workers. He continues, “Smart phones can now provide Community Tech Support since design challenges can be easily filmed, and quickly uploaded onto YouTube for discussion using an app currently under development.”

“Turns out, early NIOSH research (1987 — Armstrong, Silverstein, and Fine) showed that when a worker is exposed to both high repetition and high grip force, the risk for Carpal Tunnel Syndrome increases ten-fold,” cites Dellis.

NIOSH also tested the PersonaGrip on a Lido Work Simulator using standard university test procedures, and the results were stunning. A 54 percent reduction in grip effort was evident when the tool tried to slide through the hand, and reductions of 43.5 percent occurred when the tool tried to twist out of the hand.

This discovery led Dellis to introduce an Industrial Ergonomics training program where Dellis visited factories and trained workers on ways to re-think how they interfaced with the tools using leverage instead of friction to control the tool. With today’s smart phone video capability, Community Tech Support is now possible across the globe in many languages.

PersonaGrip is run by its inventor, Ed Dellis, in Costa Mesa, Calif., and his work has helped win Olympic medals in Beijing (Fabian Cancellera), Racquetball World Championship (Mike Ray), numerous Indy 500 victories (Fittipaldi, Unser Jr., Villeneuve, Lazier, Luyendyk, Castroneves, etc.).

For more information visit:
www.personagrip.com
www.steeringwheelguy.com
www.industrialergonomics.com
www.indiegogo.com/SteeringWheelGuy

No celebrity endorsement claimed or implied.

NEWS SOURCE: PersonaGrip :: This press release was issued on behalf of the news source by Send2Press(R) Newswire, a service of Neotrope(R). View all current news at the Send2Press for Journalists Portal: http://Send2PressNewswire.com/ .


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DocMagic and LendingQB Team, Integrate Two Platforms

COSTA MESA, Calif., Sept. 25, 2012 (SEND2PRESS NEWSWIRE) — LendingQB, a provider of end-to-end loan origination software, announced that they completed a seamless interface with DocMagic‘s document production and compliance technology. The integrated solution provides users working in LendingQB’s loan origination system (LOS) with seamless access to DocMagic’s document preparation functionality. The companies partnered to make the process of ordering, sending, signing and receiving compliant mortgage documents as effortless as possible.

The new interface completely embeds DocMagic’s functionality within LendingQB’s LOS, preventing users from ever having to leave the environment in which they are accustomed to working in-LendingQB. All activities, from selecting document packages to auditing data, occurs in LendingQB’s centralized database, eliminating the need to re-key information and potential loan data mismatches, thus ensuring accuracy and compliance with all state and federal regulations.

The most impressive feature of the seamless interface, however, is the addition of DocMagic’s eDelivery and eSign features. Using this part of DocMagic’s solution, borrowers are able to conveniently, expeditiously and accurately sign documents electronically using DocMagic’s technology. Once signed, DocMagic instantly places all documents into LendingQB’s electronic document management system.

“Many LOS integrations that are completed today are not truly seamless and at one point force users to leave the LOS and perform actions such as data touch up and package ordering within the document provider’s system, without any data going back into the lender’s LOS,” remarks Steve Ribultan, director of business development at DocMagic. “While this method works, it isn’t ideal. On the other hand, the tight integration we have with LendingQB allows lenders to generate accurate compliant documents the first time-every time-while remaining in their native system of record, thus ensuring data consistency.”

Binh Dang, president of LendingQB, noted: “Metrics that we track in our system revealed that people were spending entirely too much time keying data and changing loan information in the document provider’s system, and then having to go back and reconcile the data in our LOS. This might amount to just a few minutes of effort per loan, but when calculated across multiple users and loan files, it becomes a substantial loss of productivity. This loss of time and inefficiency was the impetus for us to accomplish a better way to order mortgage documents.”

Dang added: “The interface we developed with DocMagic aids in our goal of cutting clients’ loan production labor costs in half. Without the interface, there’s a lot of wasted, non-value-added activity that transpires with every loan. By leveraging DocMagic’s innovative eDelivery and eSign technology, we’ll quickly achieve our goal.”

About LendingQB:
LendingQB is a Costa Mesa, California-based company that specializes in loan origination technology solutions and services for the mortgage industry. The LendingQB LOS is a 100 percent Web-based, true end-to-end enterprise-class loan origination platform. The solution is designed to meet the needs of all types of mortgage lenders-large or small, wholesale or retail, correspondent or Internet-based-with specialized tools that are targeted, customizable and flexible. LendingQB uses a consultative technology assessment approach before engaging with new clients, and places a strong emphasis on the utilization of data analytics to assist lenders in leveraging business intelligence, resulting in optimized organizational performance and lowered cost per loan. For more information about LendingQB, please call 888-285-3912 or visit www.lendingqb.com.

About DocMagic:
Founded in 1988 and headquartered in Torrance, Calif., DocMagic, Inc. develops software, processes and web-based systems for the production and delivery of compliant loan document packages. DocMagic guarantees and warrants that all agency forms are up to date and in compliance with GSE requirements. The company’s compliance experts and in-house legal staff constantly monitor legal and regulatory changes at both the federal and state levels to ensure accuracy. For more information on DocMagic, visit www.docmagic.com.

MEDIA CONTACT:
Joe Bowerbank
Profundity Communications, Inc.
949.378.9685
jbowerbank@profunditymarketing.com.

NEWS SOURCE: LendingQB :: This press release was issued on behalf of the news source by Send2Press(R) Newswire, a service of Neotrope(R). View all current news at the Send2Press for Journalists Portal: http://Send2PressNewswire.com/ .


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3Rivers Credit Union Signs with LendingQB to Utilize its End-to-End LOS

COSTA MESA, Calif., Sept. 6, 2012 (SEND2PRESS NEWSWIRE) — LendingQB, a provider of seamless mortgage lending technology, announced that 3Rivers Federal Credit Union, based in Fort Wayne, Indiana, has selected its Web-based end-to-end loan origination system (LOS). The platform is being configured to streamline 3Rivers’ unique workflow and internal processes in all areas of its mortgage lending business, eliminating unnecessary manual touch points, improving communications, reducing cost per loan and ultimately enhancing member service levels.

“We were previously using one of the better-known origination systems in the industry but found that we needed a more advanced, scalable platform that could help us grow and make originating, underwriting, closing and servicing loans for our members a seamless process that required less staff intervention,” explained Jeff Meyer, president and CEO of 3Rivers. “The level of automation we can achieve with LendingQB’s solution empowers our team to quickly and smoothly work with numerous applications, instantly underwrite those loans using their proprietary automated underwriting system (AUS) and keep our members constantly updated on their loan status. As we expand, our continued success in lending is all about maintaining the highest standards in member service; we expect LendingQB’s technology to be instrumental in accomplishing this.”

LendingQB’s end-to-end LOS platform resides entirely in the Cloud and is delivered on a software-as-a-service (SaaS) basis to 3Rivers. As a result, the implementation is speedy, system maintenance costs become virtually nonexistent and software updates are instant and not disruptive to operations. The transparency of the platform’s ability to seamlessly configure and connect workflows delivers newfound visibility for 3Rivers’ team members and ease of communication between critical lending functions/areas. In addition, LendingQB will transform 3Rivers into a completely paperless organization with centralized reporting and key performance indicators (KPIs) for management’s oversight. Upfront disclosures, constant real-time compliance audits and closing documents are all included in LendingQB’s pay per closed loan pricing model.

“As credit unions continue to capture market share in residential lending, they began to outgrow older LOSs that worked well for originating fewer loans, but with the recent spike in volume, an instant need was created for them to implement a sophisticated enterprise-class system that can grow and flex with their lending business,” said Binh Dang, president of LendingQB. “Our SaaS-based LOS will finely tune 3Rivers’ operations, facilitate visibility, reduce errors, speed up turn times and adhere to compliance regulations.”

About LendingQB:
LendingQB is a Costa Mesa, California-based company that specializes in loan origination technology solutions and services for the mortgage industry. The LendingQB LOS is a 100 percent Web-based, true end-to-end enterprise-class loan origination platform. The solution is designed to meet the needs of all types of mortgage lenders-large or small, wholesale or retail, correspondent or Internet-based-with specialized tools that are targeted, customizable and flexible. LendingQB uses a consultative technology assessment approach before engaging with new clients, and places a strong emphasis on the utilization of data analytics to assist lenders in leveraging business intelligence, resulting in optimized organizational performance and lowered cost per loan. For more information about LendingQB, please call 888-285-3912 or visit www.lendingqb.com.

About 3Rivers:
Since 1935, 3Rivers has led the way in providing value to those we serve – individuals, small businesses and our communities of Northeast Indiana and Northwest Ohio. Being a progressive industry leader with a solid track record is a continuing result of our mission: Helping people understand money matters every day. Over 68,000 members strong, 3Rivers grows meaningful relationships through personalized and simple solutions, 365.24.7 convenience via a world of options, and a solid, caring team focused on your long term success. Visit the company’s website at www.3riversfcu.org or call (260) 490-8328.

MEDIA CONTACT:
Joe Bowerbank
Profundity Communications, Inc.
949.378.9685
jbowerbank@profunditymarketing.com.

LendingQB, 3080 Bristol Street, Suite 550, Costa Mesa, CA 92626; 714-957-6335 – www.lendingqb.com.

NEWS SOURCE: LendingQB :: This press release was issued on behalf of the news source by Send2Press(R) Newswire, a service of Neotrope(R). View all current news at the Send2Press for Journalists Portal: http://Send2PressNewswire.com/ .


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LendingQB to Hold Webinars on How to Make Sound Technology Decisions

COSTA MESA, Calif., Aug. 28, 2012 (SEND2PRESS NEWSWIRE) — LendingQB, a provider of seamless mortgage lending technology, announced it will be holding two educational webinars that address how lenders should develop an analytical approach to identify hidden problems in their lending processes and technology weaknesses, helping them make informed decisions on which technologies will have the biggest impact on profitability.

The webinars largely focus on how to perform an analysis of a lender’s operations, workflows and existing technologies to arrive at a strategy that will reduce cost per loan, maximize employee productivity, remove manual touch points, eliminate unnecessary applications, increase profitability and optimize enterprise-wide performance.

LendingQB will introduce its Enterprise Process Assessment (EPA), which is a complementary holistic, in-depth review and discovery process of a lender’s specific lending workflow. The EPA dissects every step of the loan life cycle from the moment an originator engages with a borrower to when the loan is sold on the secondary market. A comprehensive report is then provided to lenders on how to achieve their technology goals.

“We constantly see lenders challenged to make intelligent, strategic technology decisions that are business-critical to both their short and long-term growth and profitability,” said Binh Dang, president of LendingQB. “The webinars we put together are all about helping lenders fully understand the real impact of how technology can positively or negatively impact their bottom line using established metrics. Attendees have a solid starting point to initiate this type of evaluation process.”

Topics include:
- An overview of the mortgage technology challenges lenders face in today’s market;
- Using metrics to achieve a high ROI;
- The importance of a seamless workflow;
- How to reduce cost per loan and increase profitability;
- Identifying vaporware and avoiding feature-based buying traps;
- Technology buying pitfalls to look out for.

Two sessions will be offered on Wednesday, September 12, 2012. Session 1 starts at 1:30 p.m. EDT (click here to register for Session 1: https://www1.gotomeeting.com/register/654483368) and Session 2 starts at 4:30 p.m. EDT (click here to register for Session 2: https://www1.gotomeeting.com/register/891348809). For additional information contact LendingQB at 888-285-3912, info@lendingqb.com, or by visiting www.lendingqb.com.

About LendingQB:
LendingQB is a Costa Mesa, California-based company that specializes in loan origination technology solutions and services for the mortgage industry. The LendingQB LOS is a 100 percent Web-based, true end-to-end enterprise-class loan origination platform. The solution is designed to meet the needs of all types of mortgage lenders-large or small, wholesale or retail, correspondent or Internet-based-with specialized tools that are targeted, customizable and flexible.

LendingQB uses a consultative technology assessment approach before engaging with new clients, and places a strong emphasis on the utilization of data analytics to assist lenders in leveraging business intelligence, resulting in optimized organizational performance and lowered cost per loan. For more information about LendingQB, please call 888-285-3912 or visit http://www.lendingqb.com/ .

MEDIA CONTACT:
Joe Bowerbank
Profundity Communications, Inc.
949.378.9685
jbowerbank@profunditymarketing.com.

NEWS SOURCE: LendingQB :: This press release was issued on behalf of the news source by Send2Press(R) Newswire, a service of Neotrope(R). View all current news at the Send2Press for Journalists Portal: http://Send2PressNewswire.com/ .


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Ventura County Credit Union Implements LendingQB’s End-to-End LOS Platform

COSTA MESA, Calif., Aug. 21, 2012 (SEND2PRESS NEWSWIRE) — LendingQB, a provider of seamless mortgage lending technology, announced that California-based Ventura County Credit Union (VCCU) has successfully implemented its end-to-end browser-based loan origination system (LOS). VCCU is using LendingQB’s LOS platform to effectively manage growth, ensure excellence in member service and cut originations costs.

“We are currently in a growth mode and needed a platform that could flex and scale with us as we expand the mortgage side of our business,” said Greg Uttal, director of lending at VCCU. “Attractive to us was LendingQB’s ability to move loans effortlessly through our entire workflow, eliminating many manual touch points so our employees are more productive and can devote more time to member service. Further, the efficiency of LendingQB’s workflow management will reduce our cost per loan and thus enable us to offer better pricing to our members.”

Because LendingQB’s end-to-end LOS platform uses a single database, VCCU’s employees all work off of the same data, reducing errors and eliminating the re-keying of information. This speeds up the entire lending process from the point of first borrower contact through underwriting, processing, closing, funding and secondary marketing. VCCU is taking advantage of LendingQB’s per closed loan pricing model, which allows them to better manage origination costs by avoiding a flat fixed fee.

Uttal added: “LendingQB’s support team is hands down the most responsive I have ever dealt with in my mortgage career. They always pick up the phone and address any questions or issues we have. Moreover, LendingQB built in an instant chat feature that allows our staff to ask questions as a technical support representative takes control of the user’s screen and resolves the issue. The instant chat response time is only about 30 seconds; I don’t know any vendor in the industry that can do that.”

“Credit unions have been capturing an increasing amount of market share of late and are currently experiencing rapid growth in the mortgage lending area,” said Binh Dang, president of LendingQB. “As a result of this uptick in volume, they quickly developed a need for technology that can efficiently manage credit unions’ unique lending operations and still maintain high levels of member service, which is largely what attracts members to doing business with them. After our SaaS-based implementation was completed, VCCU was able to immediately automate every single area of their lending process, which has provided complete visibility and improved employee communications, among other improvements.”

VCCU also utilizes LendingQB’s automated underwriting system (AUS) to decision loans, complete with customized investor guidelines and overlays. Guidelines are maintained by LendingQB’s managed services team, thus removing the onus of constant change management from VCCU resources. LendingQB’s AUS is fully integrated with its LOS.

About LendingQB:
LendingQB is a Costa Mesa, California-based company that specializes in loan origination technology solutions and services for the mortgage industry. The LendingQB LOS is a 100% Web-based, true end-to-end enterprise-class loan origination platform. The solution is designed to meet the needs of all types of mortgage lenders-large or small, wholesale or retail, correspondent or Internet-based-with specialized tools that are targeted, customizable and flexible.

LendingQB uses a consultative technology assessment approach before engaging with new clients, and places a strong emphasis on the utilization of data analytics to assist lenders in leveraging business intelligence, resulting in optimized organizational performance and lowered cost per loan. For more information about LendingQB, please call 888-285-3912 or visit http://www.lendingqb.com/ .

About Ventura Credit Union:
The Ventura County Credit Union was chartered in 1950. It is the largest credit union headquartered in Ventura County, with five offices, nearly 53,000 members and $605 million in total assets. It offers a complete line of loans, federally insured savings, 24-hour electronic access services and more. Call 1-800-339-0496 or visit www.vccuonline.net for more information.

MEDIA CONTACT:
Joe Bowerbank
Profundity Communications, Inc.
949.378.9685
jbowerbank@profunditymarketing.com.

LendingQB, 3080 Bristol Street, Suite 550, Costa Mesa, CA 92626; 714-957-6335.

NEWS SOURCE: LendingQB :: This press release was issued on behalf of the news source by Send2Press(R) Newswire, a service of Neotrope(R). View all current news at the Send2Press for Journalists Portal: http://Send2PressNewswire.com/ .


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LendingQB Selected as Finalist for Mortgage Technology Magazine’s ‘Release of the Year’ Award

COSTA MESA, Calif., Aug. 20, 2012 (SEND2PRESS NEWSWIRE) — LendingQB, a provider of seamless Web-based mortgage lending technology, has been selected by SourceMedia’s Mortgage Technology magazine as a finalist for its “Release of the Year” award. LendingQB’s innovative engineering of its Web-based end-to-end loan origination system (LOS) – and what it has accomplished for lenders – resulted in the company being named one of the three finalists for the award, which “recognizes a new software, platform, alliance or initiative that’s expected to have the broadest future impact on the mortgage industry.”

LendingQB became a finalist for Release of the Year for its LOS’ ability to seamlessly connect a lender’s entire workflow. The platform is proven to eliminate manual touch points, reduce cost per loan, maximize employee productivity, increase profitability and eradicate unnecessary applications thus cutting technology costs.

LendingQB was originally released in 2003 under the moniker “Lender’s Office.” Over the years, the company and its products have gone through several iterations; in 2004, the company launched its PriceMyLoan automated underwriting and loan pricing engine to much success. The company continued developing Lender’s Office, adding key components until they achieved a single, end-to-end system that seamlessly connects workflows that encompass the entire life cycle of a mortgage loan. Rebranded in late 2011, LendingQB is proud to be considered for the Release of the Year award.

“We’ve finally achieved our goal of presenting a completely seamless, end-to-end system for mortgage lenders,” said Binh Dang, president of LendingQB. “We stayed patient and invested our time, resources and money wisely to ensure that the enhanced platform we brought to market is not only comprehensive, but is very easy for people to use. Our goal is to provide technology solutions that have a real impact on the way mortgage lenders run their business backed by metrics. To be recognized by SourceMedia for our efforts is truly an honor.”

About LendingQB:
LendingQB is a Costa Mesa, California-based company that specializes in loan origination technology solutions and services for the mortgage industry. The LendingQB LOS is a 100 percent Web-based, true end-to-end enterprise-class loan origination platform. The solution is designed to meet the needs of all types of mortgage lenders-large or small, wholesale or retail, correspondent or Internet-based-with specialized tools that are targeted, customizable and flexible. LendingQB uses a consultative technology assessment approach before engaging with new clients, and places a strong emphasis on the utilization of data analytics to assist lenders in leveraging business intelligence, resulting in optimized organizational performance and lowered cost per loan. For more information about LendingQB, please call 888-285-3912 or visit http://www.lendingqb.com/.

About SourceMedia:
SourceMedia owns Mortgage Technology magazine. The company provides market information, including news, analysis, and insight to the financial services and related industries such as accounting and technology, through its publications, industry-standard data applications, seminars and conferences. SourceMedia’s 750,000 worldwide clients and subscribers range from c-level executives to business-unit heads to line managers – from the front office to the middle office to the back office. The company employs more than 1,000 employees worldwide, with headquarters in New York and offices in Chicago, Washington, D.C., and London (www.sourcemedia.com).

MEDIA CONTACT:
Joe Bowerbank
Profundity Communications, Inc.
949.378.9685
jbowerbank@profunditymarketing.com.

NEWS SOURCE: LendingQB :: This press release was issued on behalf of the news source by Send2Press(R) Newswire, a service of Neotrope(R). View all current news at the Send2Press for Journalists Portal: http://Send2PressNewswire.com/ .


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LendingQB Announces Exclusive Value Proposition to Ginnie Mae Issuers that Utilize its PriceMyLoan AUS Interface with FHA TOTAL Scorecard

COSTA MESA, Calif., Aug. 9, 2012 (SEND2PRESS NEWSWIRE) — LendingQB, a provider is seamless mortgage lending technology, announced today that its PriceMyLoan automated underwriting systems (AUS) interface with the Federal Housing Administration’s (FHA) TOTAL Scorecard platform can be utilized to decision and sell loans direct to Ginnie Mae. LendingQB’s PriceMyLoan AUS became a HUD approved system by which to underwrite FHA loans in 2010.

Ginnie Mae issuers can utilize LendingQB’s interface with TOTAL Scorecard in one of two ways. First, if a lender has already implemented and is actively using LendingQB’s AUS to underwrite all types of loans, they also have automatic access to the interface and can begin using it immediately. Second, if a lender is not already using LendingQB’s platform, Web services are available to allow them to access the interface from within their existing loan origination system (LOS) without having to purchase any additional software.

“Ginnie Mae issuers represent a sizable portion of the FHA market and are continuing to play a vital role in originating quality FHA loans,” said Binh Dang, president of LendingQB. “Lenders that are interested in taking advantage of our AUS’ interface with TOTAL Scorecard can seamlessly connect to our platform to return instant, accurate decisioning on FHA products. Our offering provides lenders with another option to efficiently and cost effectively underwrite FHA loans that are specific to Ginnie Mae issuers.”

LendingQB’s platform is completely Web-based and is comprised of LO, broker, and consumer direct point-of-sale Web portals for all lending channels; product and pricing engine; PriceMyLoan AUS; loan processing; electronic documents, closing; secondary marketing; and interim servicing. LendingQB also accompanies business intelligence (BI) and data analytics functionality along with detailed reporting that helps lenders locate and translate their data into actionable information, enabling them to make informed business decisions that establishes a competitive advantage and leads to greater profitability.

To learn more about the solution, interested parties can contact David Colwell via email at davidc@lendingqb.com or by phone (949) 357-5664.

About LendingQBL

LendingQB is a Costa Mesa, California-based company that specializes in loan origination technology solutions and services for the mortgage industry. The LendingQB LOS is a 100% Web-based, true end-to-end enterprise-class loan origination platform. The solution is designed to meet the needs of all types of mortgage lenders-large or small, wholesale or retail, correspondent or Internet-based-with specialized tools that are targeted, customizable and flexible. LendingQB uses a consultative technology assessment approach before engaging with new clients, and places a strong emphasis on the utilization of data analytics to assist lenders in leveraging business intelligence, resulting in optimized organizational performance and lowered cost per loan. For more information about LendingQB, please call 888-285-3912 or visit http://www.lendingqb.com/ .

CONTACT:
Joe Bowerbank
Profundity Communications, Inc.
949-378-9685
jbowerbank@profunditymarketing.com.

NEWS SOURCE: LendingQB :: This press release was issued on behalf of the news source by Send2Press(R) Newswire, a service of Neotrope(R). View all current news at the Send2Press for Journalists Portal: http://Send2PressNewswire.com/ .


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LendingQB Signs Twelve New Clients in Second Quarter – More Lenders Adopt its End-to-End LOS Platform

COSTA MESA, Calif., July 25, 2012 (SEND2PRESS NEWSWIRE) — LendingQB, a provider of seamless Web-based mortgage lending technology, announced that it had a banner second quarter, signing twelve new clients, which are either already in production or in the midst of implementation. New clients include mortgage bankers, community banks and credit unions, illustrating the platform’s ability to serve all types of mortgage lending institutions.

Customers that are in production with LendingQB’s end-to-end loan origination system (LOS) report that they have been able to immediately eliminate the need for multiple systems, cut technology costs by up to 50 percent and reduce the cost to originate loans by as much 30 percent. LendingQB has accomplished these goals by emphasizing a seamless workflow that eliminates non-value added activities through automation. Examples of this include automated underwriting, business rule automation and lights-out integrations to select third-party vendors. LendingQB unifies all mortgage lending activities on a single database of record, enabling higher level functions such as rapid generation of management reports and internal communication. The entire platform is Web-based and accessed through a common Web browser, making it highly scalable and extremely efficient to deploy.

“We’re seeing a rapid growth in our pipeline since we introduced LendingQB late last year,” said Binh Dang, president of LendingQB. “There’s a real movement among mortgage lenders to switch their LOS platforms. Dissatisfaction with service and the uncertainty of the longevity of their vendors are part of the reason. But there’s also a real desire for technology advancement; lenders are treating their business in a more sophisticated manner, especially in regards to quality control and business analytics. They want a level of technology sophistication that matches their desire to grow efficiently as the mortgage industry recovers. We’re glad that these new clients recognize the value we bring to their business.”

LendingQB’s platform is comprised of LO, TPO, and consumer direct point-of-sale Web portals for all lending channels; the PriceMyLoan pricing engine and automated underwriting system (AUS); loan processing; electronic documents, closing; secondary marketing; and interim servicing. All functions are incorporated into a seamless workflow.

Another unique difference is that the LendingQB LOS incorporates business intelligence (BI) and data analytics functionality along with detailed reporting that helps lenders locate and translate their data into actionable information, enabling them to make informed business decisions that establishes a competitive advantage and leads to greater profitability.

About LendingQB:
LendingQB is a Costa Mesa, California-based company that specializes in loan origination technology solutions and services for the mortgage industry. The LendingQB LOS is a 100 percent Web-based, true end-to-end enterprise-class loan origination platform. The solution is designed to meet the needs of all types of mortgage lenders-large or small, wholesale or retail, correspondent or Internet-based-with specialized tools that are targeted, customizable and flexible.

LendingQB uses a consultative technology assessment approach before engaging with new clients, and places a strong emphasis on the utilization of data analytics to assist lenders in leveraging business intelligence, resulting in optimized organizational performance and lowered cost per loan. For more information about LendingQB, please call 888-285-3912 or visit http://www.lendingqb.com/ .

CONTACT:
Joe Bowerbank
Profundity Communications, Inc.
949.378.9685
jbowerbank@profunditymarketing.com.

News Source: LendingQB :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. View all current news at the Send2Press for Journalists Portal: http://Send2PressNewswire.com/ .


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New Integration Performs Continuous Automatic Mortgage Compliance Audits from the Point-of-Sale Through Closing

COSTA MESA, Calif., June 26, 2012 (SEND2PRESS NEWSWIRE) — LendingQB, a provider of seamless mortgage lending technology, announced that it completed an integration with ComplianceEase, the leading provider of mortgage compliance and risk management solutions. LendingQB integrated ComplianceEase’s ComplianceAnalyzer® product with its end-to-end loan origination system (LOS). The solution automatically runs continuous real-time audits throughout the origination lifecycle of the loan to ensure compliance with federal, state, and municipal consumer credit regulations.

Using this unique integration, lenders can conduct compliance audits as early as the point-of-sale (POS), thus catching and addressing compliance issues much sooner in the origination process to save time and money. Most systems initiate compliance audits closer to the loan closing process, rather than at the POS where loan officers work. What’s more, LendingQB and ComplianceEase have enhanced the integration so that audits automatically run behind the scenes in real-time up until the point the loan closes. While most mortgage compliance checks must be initiated manually, this integration is automatic and requires no human intervention.

Also unique to the integration is that it’s completely transparent to users working in LendingQB’s Web-based LOS platform. Whether it’s a loan officer, processor, compliance officer or closing agent, employees never have to leave the application they are accustomed to using. As a result, the lending workflow remains seamless and disruptions and manual interventions are eliminated.

“At LendingQB, we are ultra-focused on making the lending workflow truly seamless to eliminate manual touch points and the need to jump to another application to complete various tasks,” said Binh Dang, president of LendingQB. “We’re very selective about our integration partners; we wanted to take full advantage of the Web services that ComplianceEase developed so we could achieve absolute transparency. With this integration, a user doesn’t need to remember to run checks because ComplianceAnalyzer is always running in the background. We invested significant development resources to achieve this level of integration.”

“These days, it’s not common for mortgage lenders to implement compliance checks continuously throughout the origination process,” said Jason Roth, senior vice president of ComplianceEase. “The integration that we developed with LendingQB takes compliance assurance to a new level. The audits are seamless within the LOS, performed much earlier in the origination process, and constantly executed without the need for users to think about them.”

About LendingQB:
LendingQB is a Costa Mesa, Calif.-based company that specializes in loan origination technology solutions and services for the mortgage industry. The LendingQB LOS is a 100 percent Web-based, true end-to-end enterprise-class loan origination platform. The solution is designed to meet the needs of all types of mortgage lenders-large or small, wholesale or retail, correspondent or Internet-based-with specialized tools that are targeted, customizable and flexible. LendingQB uses a consultative technology assessment approach before engaging with new clients, and places a strong emphasis on the utilization of data analytics to assist lenders in leveraging business intelligence, resulting in optimized organizational performance and lowered cost per loan. For more information about LendingQB, please call 888-285-3912 or visit http://www.lendingqb.com/.

About ComplianceEase:
ComplianceEase®, a division of LogicEase Solutions Inc., headquartered in the Silicon Valley region of San Francisco Bay Area, is a leading provider of risk management solutions to the financial services industry. ComplianceEase’s patented platform includes ComplianceAnalyzer® – the mortgage industry’s most adopted automated compliance solution. ComplianceEase combines industry and regulatory compliance expertise with innovative technology to power end-to-end risk management solutions to assist financial institutions achieving regulatory compliance, mitigating operational risk, improving efficiencies and enhancing profitability. ComplianceEase’s significant and growing client base includes four of the top five mortgage lenders in the nation, financial institutions, service providers, law firms, and regulators. ComplianceEase’s automated compliance solutions have been adopted as e-Exam tools by state banking and mortgage regulators, through the Conference of State Bank Supervisors. For more information visit http://ComplianceEase.com or call 1.866.212.Ease.

News Source: LendingQB :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. View all current news at the Send2Press for Journalists Portal: http://Send2PressNewswire.com .


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Small Business Marketing Strategist Kelly Weppler Creates Summer School for Small Business

COSTA MESA, Calif., June 5, 2012 (SEND2PRESS NEWSWIRE) — Kelly Weppler of WH & Associates (www.whandassociates.com), an Orange County marketing firm, has announced that she will be presenting several key educational sessions for small business owners at The Microsoft Store at South Coast Plaza in Costa Mesa, Calif. As one of six Duct Tape Marketing Master Consultants, Kelly writes and speaks about helping small business marketing. Weppler has created a five sessions targeted to help small businesses take on smaller marketing activities in their business with this program that begins on Friday, June 8, 2012.

With The Summer School for Small Business program, Weppler has created some action items and accountability to help small business owners move forward on marketing their business. Each session will provide ideas and an action plan so that participants can work on executing those ideas immediately. The program was designed such that participants could choose to attend one session or several throughout the summer. Topics include lead nurturing, public relations for small business, building a client experience, and creating a marketing routine that’s designed to create discipline.

“Business owners can go to an information or educational event every day of the week, however, if you never do anything with that information, it’s really a waste of time. With an action plan and some accountability, I’d like for participants to actually execute some of these simple ideas,” said Weppler.

Committed to community and business development The Microsoft Stores features a fully equipped theater in an interactive high tech environment where they encourage public play, networking and development opportunities for all. This environment allows for community and business partners to conduct public or private workshops, presentations, and other events on various community, business and educational topics by leveraging its technology, products and services to deliver its message.

About WH & Associates:
Kelly Weppler works with businesses to first build a sound strategy and then develop a marketing routine around that strategy to create momentum and business growth. She is a frequent speaker for professional associations, publishes a blog at www.whandassociates, and has contributed written articles to Women’s Professional Magazine and Black OEO Journal. Located in Orange County, Calif, she serves clients across the United States and Canada.

For more information, visit: http://www.whandassociates.com .

News Source: WH and Associates :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. View all current news at: http://Send2PressNewswire.com .


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LendingQB Releases White Paper to Help Lenders Make Sound Technology Decisions

COSTA MESA, Calif., May 30, 2012 (SEND2PRESS NEWSWIRE) — LendingQB, a provider of seamless mortgage lending technology, announced that it published the availability of a free white paper designed for lenders that are considering replacing their loan origination system (LOS). The paper addresses the challenges lenders face when evaluating mortgage technologies and outlines a strategy to assess their existing technology weaknesses, identifying areas for improvement.

Entitled “The Five Steps to Making Better Technology Decisions,” the white paper recommends conducting an Enterprise Process Assessment (EPA) of lending operations and workflows. According to the paper, all too often lenders buy technology predominantly based on features, failing to perform a critical deep dive analysis of their workflow to effectively model and measure process enhancements using standards and best practices.

The white paper stresses that before buying technology, lenders must establish an objective, well-defined, comprehensive process in order to overcome the many challenges associated with complex technology evaluations. Executing an EPA provides a clear understanding of and roadmap for how to select technology that reduces cost per loan, improves profitability, maximizes employee productivity and decrease the number of manual touch points throughout the workflow.

Key points in the white paper:
* Overview of the mortgage technology challenges lenders face in today’s market;
* Determining the technology lenders really need, avoiding what they don’t need;
* How to arrive at an evaluation readiness checklist;
* Identifying vaporware and avoiding feature buying traps;
* Using metrics to achieve a high ROI;
* The importance of a seamless workflow;
* How to reduce cost per loan and increase profitability.

Interested parties can download the free white paper from LendingQB’s website at www.lendingqb.com.

About LendingQB:
LendingQB is a Costa Mesa, California-based company that specializes in loan origination technology solutions and services for the mortgage industry. The LendingQB LOS is a 100 percent Web-based, true end-to-end enterprise-class loan origination platform. The solution is designed to meet the needs of all types of mortgage lenders-large or small, wholesale or retail, correspondent or Internet-based-with specialized tools that are targeted, customizable and flexible. LendingQB uses a consultative technology assessment approach before engaging with new clients, and places a strong emphasis on the utilization of data analytics to assist lenders in leveraging business intelligence, resulting in optimized organizational performance and lowered cost per loan. For more information about LendingQB, please call 888-285-3912 or visit www.lendingqb.com.

News Source: LendingQB :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. View all current news at: http://Send2PressNewswire.com .


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Omega Financial Services Signs with LendingQB to Use its All-In-One, Cloud-Based LOS

COSTA MESA, Calif., May 23, 2012 (SEND2PRESS NEWSWIRE) — LendingQB, a provider of seamless mortgage lending technology, announced that Omega Financial Services, Inc., a retail and wholesale mortgage banker, has implemented its comprehensive Web-based loan origination system (LOS) to automate each of its business channels. LendingQB’s platform will reduce Omega’s cost per loan, maximize productivity across operations and decrease its existing technology costs.

Acting as an advisor to Omega, Joe Cilento, CPA, CMB, a mortgage industry veteran and consultant, guided the selection and implementation of Lending QB’s LOS platform after performing a company-wide review of operations.

“I have conducted numerous mortgage technology evaluations and implementations; the rollout of LendingQB’s Web-based platform was one smoothest I’ve been involved with,” said Cilento. “The extensive level of support that LendingQB provided and their ability to easily configure tailored workflows are the main reasons Omega’s implementation was so successful.”

LendingQB’s LOS seamlessly integrates Omega’s entire workflow and lending functions to enable the straight through processing (STP) of loans. From the point-of-sale (POS) through closing and funding, LendingQB consolidates all of Omega’s lending activities onto a single platform that creates a true end-to-end experience. Regardless of employees’ roles, LendingQB contains Omega’s users to a single database and software environment to ensure the same data is being used in different departments. The result is fewer manual touch points, which turns Omega’s lending practices into a profit optimization workflow.

“We were previously using a well-known LOS that has been trying to assemble an end-to-end solution, but we found the system inadequate to handle our needs from soup-to-nuts so we began looking for a solution that could,” said Armando Morell, information systems director at Omega Financial Services, Inc. “We retained mortgage consultant Joe Cilento to help us perform the evaluation process and concluded that most LOSs try to achieve an end-to-end solution by way of integrating with multiple best-of-breed vendors because they are lacking key functionality in a number of different areas. Of all the solutions we looked at, there wasn’t an all-in-one Web-based LOS on the market that could seamlessly automate every single area of the lending process like LendingQB is able to.”

Once Omega’s LOs and brokers run product and pricing scenarios in LendingQB’s retail or broker portal, they can pull credit and the automated underwriting system (AUS) returns an instant, accurate decision that analyzes investors’ entire underwriting manuals, which carries the same weight as a human underwriter’s decision. The loan then seamlessly moves through Omega’s workflow with minimal human intervention. Omega says the efficiencies gained using LendingQB’s end-to-end LOS will optimize employee performance, reduce their cost per loan and also attract top tier sales talent. In addition, Omega’s LOs, brokers and AEs can use LendingQB’s mobile application for smart phones, which allows them to check rates, return product eligibility and pricing, and manage their pipeline from the field.

“Paramount to running an efficient lending operation is the seamless connection of every workflow the lender uses to eliminate unnecessary human interaction and thus improve productivity,” said Binh Dang, president of LendingQB. “The only way to achieve this is to implement an all-in-one platform that uses a single database and is discriminating with outside integrations, as too many interfaces and separate databases creates data integrity issues and hampers efficiency and accuracy.”

LendingQB’s platform is comprised of LO, broker, and consumer direct point-of-sale Web portals for all lending channels; product and pricing engine; proprietary AUS; loan processing; electronic documents, closing; secondary marketing; and interim servicing. LendingQB also accompanies business intelligence (BI) and data analytics functionality along with detailed reporting that helps lenders locate and translate their data into actionable information, enabling them to make informed business decisions that establishes a competitive advantage and leads to greater profitability.

About LendingQB:

LendingQB is a Costa Mesa, California-based company that specializes in loan origination technology solutions and services for the mortgage industry. The LendingQB LOS is a 100 percent Web-based, true end-to-end enterprise-class loan origination platform. The solution is designed to meet the needs of all types of mortgage lenders-large or small, wholesale or retail, correspondent or Internet-based-with specialized tools that are targeted, customizable and flexible. LendingQB uses a consultative technology assessment approach before engaging with new clients, and places a strong emphasis on the utilization of data analytics to assist lenders in leveraging business intelligence, resulting in optimized organizational performance and lowered cost per loan. For more information about LendingQB, please call 888-285-3912 or visit http://www.lendingqb.com.

About Omega Financial Services, Inc.:

Omega Financial Services, Inc. is a full service, Non-Supervised, Multi-State Direct Residential and Commercial Lender and Wholesaler. With over 25 years of experience, Omega’s goal has been to assist clients in owning a home, acquiring a business, or an investment property by offering a wide array of loan programs and giving attention to detail. The company is dedicated to connecting every client’s dream of homeownership with the required financial assistance. Omega’s various loan programs allow it to cater to individual needs while providing outstanding service. Omega became the ideal lender through the use of strong customer relationship management and principles rooted in an ethical foundation. For more information about Omega Financial Services, Inc. please call 908-933-0253 or visit http://www.fhaomega.com.

About Joe Cilento, CPA and CMB:

Cilento Mortgage Advisory Corp. assists mortgage lenders looking to enhance product development, improve operations capabilities, implement IT and LOS systems, and improve secondary market execution. The firm provides assistance with regulatory compliance and QC practices and also represents both buyers and sellers interested in joint ventures and merger & acquisition financing.

Cilento has over 25 years of experience successfully assisting companies looking to access the securities markets through direct issuances of GNMA/FNMA MBS securities. Client companies may require assistance with obtaining GNMA/FNMA approval. Services continue after agency authority is obtained and may include assistance with developing the in-house resources required to pool and issue MBS securities and become a GNMA/FNMA direct seller/servicer. For more information about Cilento Mortgage Advisory Corp., please call 203-797-8733 or visit http://www.joecilento.com.

Media Contacts:
Joe Bowerbank
Profundity Communications, Inc.
949-378-9685
jbowerbank@profunditymarketing.com

Armando Morell
Omega Financial Services, Inc.
908-933-0253, ext. 301
info@omegaloans.net

News Source: LendingQB :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. View all current news at: http://Send2PressNewswire.com .


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iServe Realizes Significant Productivity Gains and Cost Reductions Using LendingQB Platform

COSTA MESA, Calif., April 11, 2012 (SEND2PRESS NEWSWIRE) — LendingQB, a seamless mortgage lending platform provider, announced that iServe Residential Lending, LLC, a retail mortgage banker, has reported a dramatic increase in employee productivity, slashed technology costs, and reduced costs per loan since implementing LendingQB. iServe selected LendingQB approximately a year ago because it eliminated having to use multiple platforms, databases and integrations.

“We were previously using three different systems that were technically integrated together, but they still had a number of issues,” said Michael Wilson, director of operations at iServe. “The system-to-system communication was poor, integrations often required employees to re-key data, and we had to call three different vendors when we needed technical support. This was hampering our operational performance. We came to the conclusion that we needed to look for a single provider that could efficiently do the job of these three vendors.”

During the diligence process, iServe was provided with the opportunity to test drive the LOS unencumbered from that of a traditional sales-guided demo, allowing the lender to run a loan through the entire LendingQB system from start to finish. Dubbed the “Guest Suite Invitation,” lenders are able to work with the solution in an isolated environment to ensure it meets their specific needs.

“Working successfully in LendingQB’s Guest Suite Invitation empowered us with the insight to ensure the platform would work for us,” said Wilson. “Immediately after implementing LendingQB, we were able to completely eliminate any re-keying of data, realize greater employee productivity via tighter workflows, and work towards being paperless in the same system. This reduces our cost per loan by an estimated 30 percent and optimizes every single area of our lending practice, from origination through secondary marketing and interim servicing. The improved communications and data integrity of being on one platform has substantially improved our operations.”

“We don’t consider ourselves to be just another loan origination system (LOS) vendor that loosely uses the ‘end-to-end’ buzzword,” said Binh Dang, president of LendingQB. “We like to move away from this overused term and instead refer to our platform for what it really is – a seamlessly connected profit optimization system that is focused on the lender’s business first and foremost. The bottom line should be the bottom line. We advise our clients on how to develop their workflows to reduce cost per loan and increase productivity. That’s how we help clients ‘win the lending game’ in ways they never knew were possible. Sure, our platform is end-to-end, but it’s also much more.”

Key to the LendingQB platform:
* 100 percent Web-based platform delivered as SaaS and residing in the cloud environment reduces hard technology costs by 70 percent;
* All-in-one platform eliminates many feeble best-of-breed integrations, lowering cost per loan by 25 – 30 percent;
* Built-in AUS increases pull-through rate by 40 percent or more;
* Seamlessly connected workflows and transparency for all lending functions;
* Single database eliminates the errors associated with the re-keying of data and the system-to-system communication issues often encountered when using multiple platforms;
* Proven to reduce cost per loan, increase productivity and optimize operations;
* Sophisticated analytics that utilizes a lender’s data to drive business intelligence (BI);
* Responsive customer service and development;
* Highly scalable, flexible and configurable.

Notable is that LendingQB was introduced to the marketplace in December of 2011, but select lenders have been successfully using the platform while LendingQB continued to add ancillary functionality in preparation for its formal launch. Clients were instrumental in working closely with LendingQB to perfect the platform as an all-in-one solution that automates the entire lending process. The result was a tested, tried and true 100 percent Web-based platform that seamlessly connects all lending workflows with complete transparency.

About LendingQB:
LendingQB is a Costa Mesa, California-based company that specializes in loan origination technology solutions and services for the mortgage industry. The LendingQB LOS is a 100 percent Web-based, true end-to-end enterprise-class loan origination platform. The solution is designed to meet the needs of all types of mortgage lenders-large or small, wholesale or retail, correspondent or Internet-based-with specialized tools that are targeted, customizable and flexible. LendingQB uses a consultative technology assessment approach before engaging with new clients, and places a strong emphasis on the utilization of data analytics to assist lenders in leveraging business intelligence, resulting in optimized organizational performance and lowered cost per loan. For more information about LendingQB, please call 888-285-3912 or visit http://www.lendingqb.com .

About iServe Residential Lending, LLC:
iServe Residential Lending, LLC is a multi-state residential mortgage banker. iServe Residential Lending, LLC is a U.S. Department of Housing and Urban Development (HUD) approved, Federal Housing Administration (FHA) lender with direct endorsement (DE) authority. iServe originates FNMA/FHLMC conforming, FHA, VA, USDA and Jumbo loans through their retail branch offices. For more information see: http://www.iservelending.com .

Media Contact:
Joe Bowerbank
Profundity Communications, Inc.
949-378-9685
jbowerbank@profunditymarketing.com.

News Source: LendingQB :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. View all current news at: http://Send2PressNewswire.com .


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