Costa Mesa, CA (PRWEB) March 04, 2014
LendingQB, a provider of end-to-end loan origination software (LOS), announced the release of the Qualified Mortgage (QM) functionality within its platform, which is compliant with the Consumer Financial Protection Bureau (CFPB). The QM functionality checks the limits on loan features, auto checks for points/fee caps, verifies test performances and calculation results for underwriting requirements.
“With the new QM release, LendingQB demonstrates dedication to the compliance aspect of its Lean Lending strategy,” said Binh Dang, LendingQB president.
LendingQB is a provider of 100% web browser-based, end-to-end loan origination software offering residential mortgage banking organizations lean strategies for optimal performance resulting in faster cycle time and lower costs per loan. For more information, please call 888.285.3912 or visit http://www.lendingqb.com.