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loan origination system (LOS)

LendingQB's LOS Helps Grow California-Based Credit Union

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LendingQB has announced that since implementing its end-to-end loan origination system (LOS), California-based Ventura County Credit Union (VCCU) has been able to effectively manage rapid growth, maximize productivity across operations, cut originations costs and ensure excellence in member service. Using LendingQB’s LOS, VCCU doubled its mortgage lending volume in just a 12 month period, and this was achieved with the addition of only one new staff member.Click to continue

Wipro Upgrades Its NetOxygen LOS

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Wipro Gallagher Solutions (WGS), a Wipro Technologies company and provider of end-to-end lending solutions for financial institutions, has announced the release of NetOxygenZip, a preconfigured version of its NetOxygen loan origination system (LOS) that simplifies lending and speeds time to market. NetOxygenZip allows lenders of all sizes to gain access to a more scalable, robust system using a fraction of the time, money and resources traditionally required.Click to continue

Cole Taylor Mortgage Partners With Blueberry Systems

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Blueberry Systems LLC has announced that Ann Arbor, Mich.-based Cole Taylor Mortgage, a division of Cole Taylor Bank, has selected RELAY, the company’s enterprise loan origination system (LOS). RELAY’s advanced approach and scalability allow Cole Taylor Mortgage to enhance its growth strategy without worry about core technology. A recent independent study indicated a $287 savings, per loan, within three years of implementation of RELAY.Click to continue

defi SOLUTIONS Introduces New LOS

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defi SOLUTIONS has released a cloud-based loan origination system (LOS), now offers convenient access to its system via mobile application for mobile devices like iPhone. The defi SOLUTIONS mobile application frees lender sales representatives from laptops by providing access to loan approval status and loan specifics. Important details including sales price, interest rate, terms, and loan to value (LTV), and probability of close can now be accessed in real time in this one easy-to-use mobile application.Click to continue

Global DMS and MortgageFlex Unite Platforms

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Global DMS has announced that its eTrac Enterprise platform has been integrated with MortgageFlex’s loan origination system (LOS), LoanQuest. The integration is bi-directional and completely streamlines data exchange and facilitates ease of communication between the two platforms. “We’re excited because the partnership with MortgageFlex embodies the best-of-breed solution which ensures efficiency and compliance for our mutual clients,” said Vladimir Bien-Aime, president and CEO of Global DMS.Click to continue

Wipro Gallagher Solutions Launches NetOxygen Upgrade

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Wipro Gallagher Solutions (WGS) has announced the latest version of its loan origination system (LOS), NetOxygen 3.5. The release contains hundreds of new functions and features that support high quality lending and an even more intuitive end-user experience. Highlighted NetOxgen 3.5 upgrades include:Click to continue

Consumers National Bank's Mortgage Division Grows Via LendingQB's LOS

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LendingQB has 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.Click to continue

Radian's MI Now Available Through Mortgagebot’s LOS

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Radian Guaranty Inc., the mortgage insurance (MI) subsidiary of Radian Group Inc., has announced a completed integration with Mortgagebot, a D+H company, to include Radian MI in its loan origination system (LOS)—Mortgagebot EnterpriseLOS. Mortgagebot provides mortgage lending technology to nearly 1,300 banks and credit unions nationwide. This partnership will streamline the loan origination and ordering process for both Radian and Mortgagebot’s LOS customers, allowing them to order MI directly via one simple process through the Mortgagebot platform.Click to continue

Radian MI Now Available Via the LPS PCLender LOS

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Radian Guaranty Inc., the mortgage insurance (MI) subsidiary of Radian Group Inc., has announced completion of an interface with the origination technology division of Lender Processing Services (LPS), which offers the PCLender loan origination system (LOS). LPS is a provider of integrated technology, data and analytics to the mortgage and real estate industries. Through the interface, mortgage industry professionals can now order Radian MI and submit MI rate quotes directly through an interface within the PCLender LOS.Click to continue