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Mortgage Technology
LendingQB Signs Twelve New Clients in Second Quarter – More Lenders Adopt its End-to-End LOS Platform
July 25, 2012
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/ .
Titan Lenders Corp. Reaches 5th Anniversary Serving Mortgage Bankers and Residential Finance Services Providers
July 24, 2012
DENVER, Colo., July 24, 2012 (SEND2PRESS NEWSWIRE) — Mortgage fulfillment outsource services expert Titan Lenders Corp. (Titan) is marking the fifth anniversary of its founding. “We launched Titan Lenders Corp. in 2007 in the midst of the mortgage meltdown, and five years later, I am proud that Titan is a growing success story for our industry. Our original vision was to emphasize quality in loan production through process management, standardization, and transparency. Today, that mission has been validated by the overwhelming response of the industry for our services, technology, and expertise,” said Titan founder and President Mary Kladde.
Since 2007, Titan has achieved numerous accomplishments designed to support that core vision. Most recently through the addition of seasoned industry veteran, Debora Aydelotte, to head Titan Risk Management Services (TRMS), a division formed in June 2012 to assess aggregate enterprise level (compliance, fraud, regulatory and credit) risk in the new market landscape.
“Having recently joined Titan Lenders Corp., I am very impressed by what the firm has accomplished during these challenging five years,” said Aydelotte. “Our Risk Management Services have enjoyed enthusiastic responses from the industry. In line with our business growth model, Titan will continue to expand and diversify its capabilities over the coming months.”
In 2008, Titan sensed that market compression would lead to substantive opportunities for community banks and credit unions to capture market share and launched its Mortgage Access Program (MAP) to reduce the risk and expense of providing quality mortgage lending services.
Throughout 2008 and 2009, Titan took a high-profile position on the industry’s liquidity challenges related to the dwindling availability of warehouse lines. In 2009, Flagstar Bank named Titan a preferred provider for its wholesale lending business’s broker-to-banker initiatives.
In 2010, Massachusetts Housing Finance Agency (MassHousing) selected Titan to provide outsourced correspondent purchase review services, an engagement that led to finalist recognition for the 2010 Synergy Award extended by Mortgage Technology magazine. Also in 2010, Titan announced the issuance of U.S. Patent 7,707,153 related to the Cerberyx (CBX) web-based automated workflow platform. The CBX platform supports and makes possible Titan’s full suite of fulfillment services, including: closing, funding, post-closing, purchase review for correspondents and purchasing investors, asset review for warehouse lenders, trailing documents, MERS management, FHA insuring, and document management (imaging).
In 2011, Titan led the industry in developing MERS(R) Quality Assurance services to assist mortgage servicers and sub-servicers in meeting MERSCORP’s new processing and quality assurance requirements. This division offers audit services for the Annual Report and/or a fully MERS(R) interfaced data reconciliation tool to validate and remediate errors within the MERS(R) system.
In 2010 and 2011, Titan recruited a new General Counsel, Mark Ridder and a new CFO, Bill Walsh, to support this meteoric growth. Titan also received its national certification as a Women’s Business Enterprise (WBE) by the Women’s Business Enterprise National Council (WBENC). Titan has been listed among the industry’s Top 50 Service Providers by Mortgage Technology magazine in 2012, 2011 and 2009. Its executives have been frequent contributors to industry media and thought leadership via its contributed articles.
“Titan Lenders Corp. set out to be an agent of change for the industry in 2007, but we had no way of knowing that the tide would turn as radically or as quickly in the direction we had envisioned,” said Titan executive vice president Ruth Lee. “As a career mortgage professional, a policy wonk by instinct and a debater by training, I have found the last five years exhilarating, but that pales in comparison with the rush I’ve experienced in being ‘part of the cure’ versus ‘part of the disease’ in the reformation of the mortgage lending economy.”
About Titan Lenders Corp.:
Titan Lenders Corp. (www.TitanLendersCorp.com) is one of a specialized few providers of mortgage back office fulfillment services, a not-well-understood facet of mortgage lending that includes closing, funding and post closing services. Community banks, credit unions, mortgage bankers and brokers, and warehouse line lenders use outsource providers strategically to minimize compliance risks in a time-sensitive error-averse environment. Fluctuations in mortgage lending volume also lead some mortgage lenders to outsource their entire back office operation and secure predictable “per transaction” pricing rather than maintaining an inflexible static in house staff.
Titan Lenders Corp.’s patented, proprietary web-based software Cerberyx (CBX) supports a full suite of fulfillment services, including: funding, compliance, closing, post-closing, purchase review for correspondents and warehouse lenders, trailing documents, MERS management, FHA insuring, and document management (imaging).
Learn more at: http://www.TitanLendersCorp.com/ .
News Source: Titan Lenders Corp :: 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/ .
IDS Engages Customers in User Group to Suggest Improvements for Mortgage Document Preparation System
July 9, 2012
SALT LAKE CITY, Utah, July 9, 2012 (SEND2PRESS NEWSWIRE) — International Document Services (IDS), a mortgage document preparation vendor, announced that it has formed an advisory board of IDS customers to solicit feedback on the performance of its flagship mortgage document preparation system, idsDoc, and develop ideas for further development and refinement of the system.
The IDS Super User Group was initially conceived as a forum where IDS clients and partners could give ideas on how to improve the idsDoc platform. Through the group, members will also be able to discuss specific topics such as compliance issues, special features within idsDoc and the overall look and feel of the idsDoc web portal, as well as industry best practices.
“The first priority at IDS is to our users and their needs. We want to provide them with the highest quality system that does exactly what they want it to do,” said IDS Executive Vice President Mark Mackey.
“The Super User Group should have a ‘the sky’s the limit’ mentality when it comes to voicing their wants and needs for the idsDoc system,” Mackey added. “We’re looking to our customers to help define the future of our system. There’s no reason, outside of legal or regulatory requirements, that we can’t make idsDoc do everything that our customers want it to do and more.”
The IDS Super User Group currently has 10 participating organizations – 1st California Funding Group; Churchill Mortgage; Dime Bank; Extraco Mortgage; Farmers State Bank of Madelia; Magna Bank; McGlinchey Stafford Youngblood & Associates LLP; Nail Your Mortgage; ProLender Solutions; and Sentry Credit Union – and hopes to gain more clients over the next year, ultimately creating an IDS User Conference in Salt Lake City where IDS headquarters are located.
“We are happy to be participating in the super user group for IDS. We are very much looking forward to getting some insight, learning and possibly helping with features within the idsDoc software,” said Peter Vassilatos, chief technology and services officer at Nail Your Mortgage and IDS Super User Group member. “This is not only a great opportunity for us at Nail Your Mortgage, but a great way to continue to build our existing relationship with IDS and the IDS team.”
About IDS Inc.:
IDS is a nationwide provider of mortgage documents and compliance. IDS services include closing documents, reverse documents, initial disclosures and fulfillment. IDS’s solution, idsDoc, is recognized in the industry for its ability to be customized to meet specific lender needs. IDS backs the system with unsurpassed customer service, cutting-edge technology, compliance and document guarantees and a solid compliance team. Lenders looking to move forward when it comes to doc prep can visit the IDS website at http://www.idsdoc.com/ or call 800.554.1872.
News Source: International Document Services, Inc. :: 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 .
The Compliance Group Selects 20-Year Mortgage Banking Veteran A.J. Jacobson as National Account Executive
June 28, 2012
SAN MARCOS, Calif., June 28, 2012 (SEND2PRESS NEWSWIRE) — Leading mortgage compliance services provider, The Compliance Group, Inc. (TCG), has added A.J. Jacobson in the role of National Account Executive to serve its growing clientele of mortgage providers, including mortgage bankers, independent mortgage lenders, community banks, and credit unions.
“Career mortgage professionals like A.J. Jacobson understand today’s drive for quality, compliance and accountability in the lending process, making them the heartbeat of our industry’s recovery,” said The Compliance Group founder and president Annemaria Allen. “A.J. Jacobson not only brings a rare and invaluable skill set to our clients, but she also brings a reputation for putting quality first in high volume environments.”
A mortgage professional since 1983, Jacobson’s career was launched with Mortgage Guaranty Insurance Corporation (MGIC), where she developed and managed relationships with 220 southern California mortgage banks, savings and loans, and commercial banks.
Since then, mapping a career focused on mortgage lending and residential finance operations, Jacobson served as Sovereign Bank’s vice president and Western Regional Sales Director for its correspondent business channel, a top performing region that regularly exceeded quarterly benchmarks. Previously, Jacobson was a correspondent manager for Avondale Funding, where she developed bulk and flow purchase of closed residential loans; and ramped up production through successful “submissions to close” client account management and communication of operations’ expectations.
In the early-to-mid 1990s, Jacobson was a pioneering “MortgagePower” Wholesale Account Executive with Citibank before becoming the Wholesale Regional Marketing Manager for Western Federal Savings & Loan/Pamona First Federal, where she grew loyalty and loan volume from a large relationship base of mortgage banker and broker clients by focusing on education and training of underwriting standards.
From 1985 to 1989, Jacobson served in a series of roles with COMPUFUND, where she was National Director, Mortgage Centers; Director of Financial Institution “Affiliates”; Wholesale Production Manager; and Regional Loan Manager.
Most recently, Jacobson joins The Compliance Group from UHS America, where she spearheaded the roll out of its quality control services.
“Its renewed focus on mortgage compliance and quality control creates the most exciting opportunity our industry has seen in decades,” said Jacobson. “For me, the work that The Compliance Group does with its clients is the foundation upon which we will build a vibrant and enduring model for the future of the U.S. housing finance economy.”
About The Compliance Group:
The Compliance Group (TCG) is a leading nationwide financial services risk management organization focused solely on its clients’ compliance success (www.TheComplianceGroup.net). TCG has helped hundreds of financial institutions mitigate risk and losses with its proprietary, patent-pending technology and its core business solutions of Compliance, Quality Control and Licensing. Founded by Annemaria Allen in 2000, TCG has built upon her deeply experienced understanding of compliance and risk management to bring peace of mind to the financial services industry.
TCG’s LicenseTracker® (www.LicenseTracker.net) is a patent pending, web-based application, to help mortgage businesses, branches, and loan originators maintain and track required state and federal agency licensing deadlines and continuing education requirements.
TCG technology is complemented by its experts’ keen attention to delivering results the right way – with integrity, quality, transparency, reliability and customer care. Its appreciation for relationship building allows TCG to assist its clients in understanding the complexity of compliance, developing their strengths in areas of risk while turning compliance and quality control into a profitability strategy.
For more information, contact Annemaria@TheComplianceGroup.net.
News Source: The Compliance Group, Inc. :: 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 .
Titan Lenders Corp. Among ’2012 Top 50 Service Providers,’ as Recognized by Mortgage Technology Magazine
June 27, 2012
DENVER, Colo., June 27, 2012 (SEND2PRESS NEWSWIRE) — Mortgage fulfillment outsource services expert Titan Lenders Corp. (Titan) has been named a “2012 Top 50 Service Provider” for the second consecutive year by SourceMedia’s Mortgage Technology magazine.
According to the magazine’s June issue, the Top 50 Service Providers list recognizes “the technology and service vendors that excel in four categories — continued advancement of technology and services, viable revenue model and value proposition to customers, exceptional customer service and unique impact on the mortgage industry.”
Particular emphasis was placed on Titan’s accomplishments over the period between May 2011 and April 2012. Specifically, Titan was recognized for its addition of several new offerings, including:
* MERS® Quality Assurance procedures data reconciliation and auditing services for MERSCORP® servicer and sub-servicer members;
* Processing, underwriting and escrow services for originators; and
* The expansion of its Whole Loan Purchase Review program to include mortgage investors.
“While the mortgage industry isn’t totally out of the woods yet, we’ve seen tremendous strides made to improve technology over the past year or so, and much of the change that has happened was driven by companies like Titan that have consistently championed standardization and transparency, ” said Titan president Mary Kladde. “The competition for the Top 50 Service Providers gets stiffer every year, and we couldn’t be more thrilled to have been recognized by Mortgage Technology magazine for our efforts.”
About Titan Lenders Corp.:
Titan Lenders Corp. (www.TitanLendersCorp.com) is one of a specialized few providers of mortgage back office fulfillment services, a not-well-understood facet of mortgage lending that includes closing, funding and post closing services. Community banks, credit unions, mortgage bankers and brokers, and warehouse line lenders use outsource providers strategically to minimize compliance risks in a time-sensitive error-averse environment. Fluctuations in mortgage lending volume also lead some mortgage lenders to outsource their entire back office operation and secure predictable “per transaction” pricing rather than maintaining an inflexible static in house staff.
Titan Lenders Corp.’s patented, proprietary web-based software Cerberyx (CBX) supports a full suite of fulfillment services, including: funding, compliance, closing, post-closing, purchase review for correspondents and warehouse lenders, trailing documents, MERS management, FHA insuring, and document management (imaging). CBX’s flexible rules-based architecture allows Titan clients to define field level decision trees, priorities, checklists and process management specific to an investor product variance or a cross-investor climate.
News Source: Titan Lenders Corp :: 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 .
IDS Named ‘Top 50 Service Provider’ for Second Year by Mortgage Technology Magazine
June 27, 2012
SALT LAKE CITY, Utah, June 27, 2012 (SEND2PRESS NEWSWIRE) — International Document Services (IDS), a mortgage document preparation vendor, has been listed among the 2012 Top 50 Service Providers, issued by SourceMedia’s Mortgage Technology magazine. This marks the second year in a row IDS has been honored with this distinction.
According to the magazine’s June issue, the Top 50 Service Providers list recognizes “the technology and service vendors that excel in four categories – continued advancement of technology and services, viable revenue model and value proposition to customers, exceptional customer service and unique impact on the mortgage industry.”
Placing particular emphasis on IDS’s accomplishments over the period between May 2011 and April 2012, the magazine noted the follow as the primary reasons for IDS’s selection:
* Various mortgage technology integrations, including the most recent with On The Go Technology’s mobileLO point-of-sale (POS) iPad application;
* Enhancements to idsDoc’s e-sign capabilities that allow borrowers to select loan options and type selected information directly into specific areas of the loan documents; and
* IDS’s deployment of Assistly’s SaaS-based social media customer service platform.
“The caliber of companies named to Mortgage Technology’s Top 50 Service Providers is always high,” said IDS Executive Vice President Mark Mackey. “Our first priority at IDS is to provide our clients with the most sophisticated technology and the absolute best customer service possible. Honors such as these validate our strategy, and we’re truly thankful to have been bestowed with this honor for the second year in a row.”
About IDS Inc.:
IDS is a nationwide provider of mortgage documents and compliance. IDS services include closing documents, reverse documents, initial disclosures and fulfillment. IDS’s solution, idsDoc, is recognized in the industry for its ability to be customized to meet specific lender needs. IDS backs the system with unsurpassed customer service, cutting-edge technology, compliance and document guarantees and a solid compliance team. Lenders looking to move forward when it comes to doc prep can visit the IDS website at http://www.idsdoc.com/ or call 800.554.1872.
News Source: International Document Services, Inc. :: 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 .
Quandis Earns Spot on Top 50 Service Providers List for Second Year in a Row
June 26, 2012
FOOTHILL RANCH, Calif., June 26, 2012 (SEND2PRESS NEWSWIRE) — Quandis, Inc., a leading provider of default management technology solutions, announced that is has been selected as a Top 50 Servicer Provider by Mortgage Technology magazine back-to-back years.
According to officials at the magazine, in order to make the list companies must excel in four primary categories: the continued advancement of technology and services; have a viable revenue model and value proposition to customers; provide exceptional customer service; and make a unique impact on the mortgage industry. Vendors that make the list must also have a proven track of success and offer highly innovative, advanced technology to lenders, servicers and other mortgage industry participants.
“Making Mortgage Technology magazine’s revered Top 50 Service Providers list for the second year in a row is a testament to our developing leading technology that solves an array of problems in the highly fluid default servicing space,” said Scott Stoddard, CEO of Quandis. “We’ve been growing at an enviable rate the past couple of years, which is the direct result of our ability to deploy flexible and configurable SaaS-based solutions and provide excellence in customer support. We are pleased to again be recognized for our progress and achievements in the industry.”
Over the past year, Quandis launched a number of new solutions, enhancements and integrations, including short sale portals, case management system integrations, military search services, vendor module locators, valuation solutions, integrations with various servicing platforms and custom application development.
About Quandis:
Founded in 2003 and headquartered in Foothill Ranch, Calif., Quandis is a default management software provider specializing in Web-based solutions for the lending industry. Quandis’ solutions include foreclosure process automation, short sale portals, skip tracing systems, a valuations hub, military search services, bankruptcy status searches, collection solutions, vendor solutions, as well custom application development. The company’s clients range from lenders to banks, servicers, foreclosure attorneys, GSEs outsourced service providers, and agents and brokers. With over 20 years of experience in developing solutions, Quandis understands the unique requirements necessary to deliver enhanced workflows and business-to-business communications. Quandis was named to Mortgage Technology Top 50 Servicer Provider. For more information, please visit http://www.quandis.com/ or call (949) 525-9000.
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. Info: http://www.sourcemedia.com/.
MEDIA CONTACT:
Joe Bowerbank
Profundity Communications, Inc.
949.378.9685
jbowerbank@profunditymarketing.com.
News Source: Quandis, Inc. :: 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 .
LendingQB Releases White Paper to Help Lenders Make Sound Technology Decisions
May 30, 2012
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 .
CCMC Announces Its Next Generation of Loan Boarding Solutions: The Lending-Connector(TM) Product Family
May 20, 2012
ALTAMONTE SPRINGS, Fla., May 21, 2012 (SEND2PRESS NEWSWIRE) — CCMC Inc., the leading provider of integration solutions for lending systems, announces the availability of its new Lending-Connector™ product family. The cutting edge Lending-Connector™ products are designed to carry loan workflow automation and employee productivity to the next level.
At the core of CCMC technology is a patented data engine, known as the Intelligent Connector Engine (I.C.E)™, which CCMC has invested over 100 man-years in developing. The function of the Intelligent Connector is to move, validate, edit, calculate and count data and/or transactions between enterprise applications, whether on-site or hosted. CCMC utilizes the Intelligent Connector in conjunction with domain expertise and development skills to build specific repeatable solutions for financial institutions. The solutions are provided with professional services as required, installation services and ongoing support.
Going forward, the I.C.E™ platform will allow additional solutions to be delivered in a hosted/SaaS environment, as well as offer extended capabilities such as Analytics, custom reporting and event monitoring/notification to name a few.
The Lending-Connector™ family of products contains three unique loan boarding solutions. These products are the Mortgage Loan Connector, Consumer Loan Connector and Commercial Loan Connector. Each product processes a specific type of loan, allowing for a very focused approach to the loan boarding process. The more focused and complete automation will allow CCMC’s customers to cut their average time of boarding a loan to under 3 minutes, taking loan processors productivity to new heights and vastly improving the number of loans that a financial institution can board each month.
In developing the Lending-Connector™ solutions, CCMC has leveraged the I.C.E™ and built connectors that interconnect, validate and edit data movement between 20+ solution providers of Lending Systems. This allows financial institutions to use any number of best of breed servicing systems, origination systems, automated underwriting systems, pricing engines, analytic systems, etc. without the excessive and costly manual intervention of the past. CCMC’s end user software – i.e., Mortgage Loan Connector – dynamically sends and receives data from any number of these solution end points based on any number of criteria that is contained in one of the end points or based on criteria in the connector itself. In this way, loans are never rejected after being booked to the Host system, since the validation is completed in the I.C.E™ before the data is even sent to the Host.
“This is a natural progression for our workflow solutions,” said Brad Willis, Vice President of Marketing at CCMC. “With our new connector technology, a mortgage loan processor can reduce their work from 60 minutes to less than 3 minutes, allowing financial institutions to provide more cost effective service to their customers.”
The first Mortgage-Connector and the first Consumer-Connector were delivered in April and will be live this month.
About CCMC:
CCMC, Inc. established in 1994, is a professional services and software firm specializing in providing value-added solutions and services to the financial services industry. Our services focus on the integration of disparate systems, as well as data and workflow optimization, to both financial institutions and the major providers of application solutions to the financial services industry. Our partners are some of the best known technology corporations to the banking industry and represent core processing, loan origination, online banking and consulting among others.
For more information, visit http://www.ccmcinc.com or call 407.788.7557.
Editor Note: CCMC stylistic use of trademark acronym for ICE is intentionally presented as I.C.E™ without period on the E.
News Source: CCMC Inc. :: 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 .
LendingQB Helps Mortgage Lenders Make Better Technology Decisions
April 23, 2012
PHOENIX, Ariz., April 23, 2012 (SEND2PRESS NEWSWIRE) — LendingQB, a provider of seamless mortgage lending technology, announced an innovative new service that helps lenders understand and measure the impact of technology on their business, which will be introduced at the MBA Technology Conference and Exposition in Phoenix, Arizona. Known as the Enterprise Process Assessment (EPA), it provides lenders with an extensive breakdown of their operations, workflows and technologies to determine a strategy to reduce cost per loan and optimize enterprise-wide performance. The assessment is provided to interested lenders without any commitment or fees.
The EPA is a holistic, in-depth analysis and discovery of a lender’s unique business workflow that 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. Once the assessment is complete, a detailed report is produced that contains metrics on how to reduce the cost to originate loans by optimizing workflows and operational performance. The EPA report gives lenders keen insight into their business in a way that allows them to understand the degree in which a technology and process improvement plan can impact their performance. Ultimately, the report serves as a invaluable roadmap for lenders to evaluate technology more effectively and develop business strategies by establishing measurable goals.
“If after conducting the EPA, a lender should happen to engage with us, then we’re armed with the necessary information to configure and implement our platform to seamlessly connect their entire workflow,” said Binh Dang, president of LendingQB. “The sole purpose of our technology is to optimize operations, reduce cost per loan and increase employee productivity. But if it is determined that LendingQB isn’t a good fit for the lender, they can still utilize our EPA report internally for areas of improvement or even to evaluate another vendor. We’re completely okay with that. Put simply, the EPA is about the lender, not us and our technology platform.”
The Enterprise Process Assessment is important because it defines who LendingQB is as a company. “To us, we’re not a technology company,” added Dang. “Technology is only a means to an end. Our focus is on solving problems for lenders using technology and business intelligence methods. The EPA provides both us and the lender with a better understanding on how to solve their problems, and at the same time, how to improve our software in ways we didn’t think of before. It’s a mutual learning process that yields immense value for our team and the lender.”
LendingQB will be holding discussions about its EPA offering and seamless lending platform in its suite at the MBA’s Technology Conference and Exposition at the Biltmore Hotel in Phoenix, Arizona.
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 .
LendingQB, 3080 Bristol Street, Suite 550, Costa Mesa, CA 92626.
Media Contact:
Joe Bowerbank
of Profundity Communications, Inc.
for LendingQB
+1-949-378-9685
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 .
iServe Realizes Significant Productivity Gains and Cost Reductions Using LendingQB Platform
April 11, 2012
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 .
Quandis Launches New Vendor Module to Connect Clients and Vendors
April 5, 2012
FOOTHILL RANCH, Calif., April, 5, 2012 (SEND2PRESS NEWSWIRE) — Quandis, Inc., a leading provider of default management mortgage technology solutions, announced it launched a solution that connects mortgage service companies with a nationwide network of real estate vendors. The module provides a centralized Web portal that creates a medium for vendors to list the services and expertise they provide, and for mortgage companies to locate vendors based on their business needs.
Mortgage servicers, lenders, escrow firms, outsourcers and preservation companies have an ongoing need to hire vendors to help complete transactions such as valuations, short sales, inspections and others. Quandis’ Vendor Module allows mortgage companies to gain access to vendors like real estate agents, real estate brokers, appraisers, property inspectors and notaries.
The solution eliminates the laborious process whereby vendors are forced to visit multiple mortgage companies’ Web sites to do business with them. Suitable vendors can be quickly located and once engaged with, vendors can return to the site to monitor the status of orders placed. Vendors are able to list their specific services, expertise, track record, reputation, markets, zip codes served and more.
“In order to efficiently complete real estate transactions associated with servicing processes such as valuations and short sales, mortgage companies must be able to quickly find the best vendors offering services they are looking for in a specific area,” said Scott Stoddard, CEO of Quandis. “Our vendor module works by allowing individual vendors to list their services and specialties in our national database, and provides a medium for organizations to easily search for and engage with them. Often, this is a manual process for both parties, as vendors must add and re-key their information into dozens of different Web sites while organizations in turn must use several different methods by which to locate vendors. Our vendor module eliminates these cumbersome functions for both parties.”
Quandis’ Vendor Module provides a win-win for both the mortgage companies and individual vendors using it. As vendors are able to showcase key information on the site, they are also able to use the service as a gateway to reach more companies to do business. At the same time, mortgage companies are able to make quick, informed decisions on vendors.
Quandis says it continues to add to its network of mortgage service companies and vendors; and, the vendor module will soon be expanding the type of transactions that can be tracked and completed.
About Quandis:
Founded in 2003 and headquartered in Foothill Ranch, California, Quandis is a default management software provider specializing in Web-based solutions for the lending industry. Quandis’ solutions include foreclosure process automation, short sale portals, skip tracing systems, a valuations hub, military search services, bankruptcy status searches, collection solutions, as well custom application development. The company’s clients range from lenders to banks, servicers, foreclosure attorneys, outsourced service providers, and agents and brokers. For more information, please visit http://www.quandis.com or call (949) 525-9000.
MEDIA CONTACT:
Joe Bowerbank
Profundity Communications, Inc.
949.378.9685
jbowerbank@profunditymarketing.com.
News Source: Quandis, Inc. :: 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 .
