Western Bancorp Announces Release of End-to-End Loan Management System

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Mortgage Lender Launches Proprietary Loan Management System, LMS Xpress

We are proud to be among this small group with our AU Xpress offering, which enables our system to provide near-instant loan approval.

Western Bancorp, a wholesale and retail mortgage lender, today announced the launch of a new loan management system, LMS Xpress. LMS Xpress was released to the company's account executives and brokers, who now use the platform for wholesale loan origination.

LMS Xpress was created to help mortgage lenders improve productivity in today's highly regulated and rapidly changing mortgage market. The platform was designed for simplicity, speed, and complete loan management from application to funding.

LMS Xpress enables originators to log in once and access the entire loan workflow, including pricing, credit check, and appraisals. Most importantly, loan decisioning has been streamlined to deliver approvals in minutes. The platform’s secure document management and integrated workflow enables originators to precisely track loan progress and instantly communicate status to borrowers.

The automated underwriting system streamlines the loan origination process by enabling Western Bancorp to instantly evaluate borrower information against loan eligibility criteria. Automated Underwriting Xpress (AU Xpress) is tightly integrated to provide instant loan approval and deliver faster borrower credit decisions.

“Only a select group of the nation’s mortgage companies can deliver this level of automated underwriting,” said Rick Soukoulis, Western Bancorp’s CEO. “We are proud to be among this small group with our AU Xpress offering, which enables our system to provide near-instant loan approval. This in turn fuels the loan’s progress through pricing, rate lock and underwriting faster than ever before to provide unprecedented speed and service for Western Bancorp’s borrowers and business partners.”

About Western Bancorp

Western Bancorp is a San Jose based mortgage company serving borrowers in the Western U.S. for home purchase and refinance loans. Western Bancorp includes wholesale and retail lending divisions and also produces loan management system automation technology (LMS Xpress).

The company offers a large selection of loan products, including Fixed-Rate Mortgages, Adjustable Rate Mortgages (ARMs), Home Equity Loans, Mortgage Refinancing, Jumbo loans and more at competitive rates. Western Bancorp began with the goal of creating a better loan source for California borrowers and continues that goal in expanding into Western states including Washington, Oregon, New Mexico, Colorado, Arizona, Idaho, Nevada and Utah.

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Charles Warnock
Western Bancorp
+1 (408) 440-4025
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