PCLender.com has announced that it has signed 12 additional customers for its InHouse Mortgage loan origination software (LOS), including Peoples Bank, headquartered in Lynden, Wash., with more than $1 billion in assets. The company has also added 11 new employees to its staff to accommodate its growing customer base. PCLender.com is a provider of enterprise Web-based mortgage software and mortgage lending technology solutions for mortgage companies, credit unions, and community banks.
"During our selection process, we evaluated a number of vendors that offered loan origination software. PCLender.com stood apart from its competitors because theyre not merely software people that happen to sell mortgage technology, but instead, mortgage people selling advanced lending software to help financial institutions achieve success," said Tony Repanich, executive vice president, retail banking and marketing, Peoples Bank. "Through InHouse Mortgage, we are able to deploy a single, end-to-end loan origination system to complete the entire mortgage process, from origination to closing, while eliminating many separate, disparate systems. We can also take advantage of PCLenders fully integrated and robust document imaging solution that creates a virtual file for loan processing, which we can access throughout the life cycle of the loan."
"In addition to many banks, credit unions, and mortgage bankers seeking updated software to support the numerous new compliance requirements in the industry, businesses in all industries understand that web-based software as a service applications reduce operating costs while providing ultimate flexibility," said Cy Brinn, chief operating officer, PCLender.com. "Through our innovative mortgage technology, customers can open up new branches and offices instantly without having any IT-related issues or extended lead time. Data security risks, such as a stolen loan officers laptop or employee job changes, are also motivating customers to select PCLender.com. We help mitigate risk in these situations because all customer data in our web-based LOS product is securely stored on the server."
Commenting on the expansion of PCLender.coms staff Brinn said, "We could not be more pleased to be adding jobs in the current economy. To keep pace with our growing customer base, it was necessary to increase staff in all functional areas of the business. We recently added business analysts, developers, technical writers, implementation and support staff. We have also budgeted for seven additional positions to support our anticipated growth and expect to fill those by the end of first quarter of this year."
For more information, visit www.pclender.com.