has announced its newest partnership with CondoTek
, provider of CondoPak, a solution for lenders underwriting condominium loans. CondoPak includes the necessary condominium documents for lenders to review to be able to warrant and approve condominiums.
CondoPak is offered at a flat-rate fee that lenders can elect to pass-through to the borrower creating transparency and consistency when underwriting a condominium loan. The lender opens CondoPak within the Lending QB platform and all documents are uploaded directly, completely streamlining the work flow. Mortgage lending organizations of all types and sizes benefit from this efficiency. Integrating CondoPak to LendingQB brings lenders a seamless experience that makes the loan process fast and efficient.
“We are thrilled to integrate CondoPak directly into LendingQB’s leading loan origination system,” said Joshua Kahn, Principal of CondoTek. “LendingQB and CondoTek are focused on giving lenders the most innovative solutions making the loan process easier, faster and of highest quality. Adding CondoPak directly into LendingQB is a natural extension of that initiative."
David Colwell, Vice President of LendingQB Strategy, said, “Integrating with CondoTek is an example of how LendingQB provides lenders with specialized solutions. Our clients have told us that gathering condominium documents is a significant drain on their resources. Having a solution like CondoPak available through our API’s makes it easy for us to offer our clients access to this service and streamline the Condominium underwriting process. We’re pleased to partner with CondoTek.”