LendingQB Introduces Non-QM Toolkit

NationalMortgageProfessional.com

Feb 20, 2019

LendingQB has announced the addition of its new Non-QM toolkit for both their Originator Portals (TPO and Retail) within LendingQB that now streamlines the non-QM loan pricing, eligibility and submission workflow for originators.

Utilizing LendingQB’s Total Decision Engine, the Quick Pricer allows users to generate Non-QM scenario requests with only 12 simple fields of data and attach relevant documentation to deliver directly to lenders alongside any necessary messages. In addition, the tool kit includes loan scenario submission and bank statement submission functionality.

“Non-qualified mortgages continue to be one of the biggest emerging trends in our industry, and we simply enhanced our decision engine’s credit parsing and automated conditions generation capabilities with Non-QM functionality ” said David Colwell, Vice President of Strategy at LendingQB. “This added functionality gives our clients broader access to the non-QM market and to the majority of non-QM investors, whose programs and guidelines are already maintained by LendingQB.”

Link copied

Published

Feb 20, 2019

Analysis and Data

Nominal House Prices And Overvalued Markets Increased

First American report states that, a year ago, only four markets were considered overvalued.

Nominal house prices increased 16.7% year over year and the 30-year, fixed mortgage rate increased 2.5 percentage points compared with a year ago, according to the July 2022 First American Real House Price Index (RHPI), released today by First American Financial Corp. In ad...

Analysis and Data

MMI Welcomes New Creative Director

Justin Bird joins the firm from Black Knight.

Mobility Market Intelligence (MMI), a creator of data intelligence and market insight tools for the mortgage and real estate industries, has announced that Justin Bird has joined the firm as its new creative director. Justin Bird “MMI has ...