North Little Rock, Ark. and Costa Mesa, Calif. (PRWEB) December 21, 2016
Mortgage Peer Network announced today the completion of an integration that adds peer-based analytics to LendingQB’s cloud-based mortgage loan origination system (LOS). The two companies have joined forces to help lenders generate more business and provide them with peer-based performance metrics that enable a more efficient and intelligent lending operation.
Increased regulation and compliance have dramatically increased the costs of origination and hampered the efficiency of mortgage lenders, according to studies released by the Mortgage Bankers Association. Mortgage Peer Network is an innovative tool that helps lenders provide an enhanced consumer experience using milestone-based consumer survey feedback and leverages consumers’ existing social networks to gain additional repeat, cross-sell and referral business. Mortgage Peer Network provides lenders with peer-based performance dashboards and reporting to help identify areas in the production process that can be streamlined, resulting in lower origination costs.
By integrating Mortgage Peer Network with the LendingQB LOS, lenders gain a method for monitoring their performance and measuring the effectiveness of their operations in comparison to similar lenders. Mortgage Peer Network analyzes performance data generated by LendingQB and enables lenders to select specific peer criteria to provide insight into the true cost and efficiency of their services.
“Through this partnership, LendingQB customers can join Mortgage Peer Network without the challenge of creating data extracts or interfaces. It is a hands-free setup process for the lender,” said Dave Demster, Managing Partner of Mortgage Peer Network. “Mortgage Peer Network effectively becomes an extension of LendingQB’s overall LOS value proposition and helps lenders of all sizes drive new business.”
“Aligning with Mortgage Peer Network delivers a truly unique value proposition for our customers,” said Tim Nguyen, President of LendingQB. “In the past, only larger lenders could afford to go through the process of integration, implementation and customization that is typical of a solution like this, and even then, it was typically many months before the system was usable. Through this relationship, LendingQB clients will be integrated on the very first day they sign up and will begin to receive Mortgage Peer Network benefits shortly thereafter. Mortgage Peer Network is a solution that will help all our customers.”
About Mortgage Peer Network
Mortgage Peer Network (http://www.mtgpeer.com) is a sister company to Precision Risk Management Systems, Inc., a leading provider of Mortgage Business Intelligence and Pipeline Risk Management solutions. Mortgage Peer Network was designed to deliver real innovation to the lending industry and was selected in 2016 to participate in the VC FinTech Accelerator Program powered by FIS, for emerging financial technology companies.
LendingQB is a provider of Lean Lending solutions for residential mortgage banking organizations. The Lean Lending solution consists of a 100 percent web browser-based, end-to-end loan origination system, best of breed integrations with key industry partners and ‘adoptimization' services that result in faster cycle times and lower costs per loan. For more information, please call 888.285.3912 or visit http://www.lendingqb.com.
Mortgage Peer Network, LLC
Dave Demster, Managing Partner
Angelo D. Jones II