LendingQB and Pre App 1003 Partner to Deliver Mobile-First Mortgage Pre-Qualification Experience for Lenders

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Integration enables lenders to pre-qualify borrowers through cloud-based, mobile interface, creating a faster and more streamlined experience

LendingQB, a provider of lean lending loan origination technology solutions, and PreApp1003 have partnered to integrate PreApp1003’s mortgage app into LendingQB’s Loan Origination Software (LOS). The integration provides lenders with a cloud-based user interface that enables borrowers to achieve mortgage pre-qualification through the mobile channel.

LendingQB’s integration with PreApp1003 creates new efficiencies for lenders to connect and verify a prospective borrower’s information in a streamlined approach. Prospective borrowers can begin the mortgage pre-qualification process through a mobile-first exchange, which alerts the Mortgage Loan Originator (MLO) of the prospective borrower’s progress. The system also supports the MLO when needing to pull credit, calculate debt-to-income and funds to close. The solution’s ease-of-use allows prospective borrowers to securely upload documents, receive conditional qualification letters, and even utilize Day 1 Certainty functionality. All of the information and documents gathered by PreApp1003 seamlessly transfers to the LendingQB LOS, merging the mobile environment with the operations of a mortgage lender via LendingQB’s OpenAPI.

“The borrower of the future is increasingly becoming a mobile-first consumer,” said Dru Brents, Chief Executive Officer of PreApp 1003. “Lenders who leverage our solution continue to find success in the number of pre-qualifications they receive as well as appreciate Pre App1003’s ease of use.”

“Our lenders appreciate having the option to use the point-of-sale tool that fits their particular business model or workflow,” said David Colwell, Vice President of LendingQB Strategy. “Partnering with PreApp 1003 reaffirms our commitment to ‘Leaner Lending and Better Borrowing.’ Our expertise in APIs and LOS best practices allows us to deliver the best solutions to enhance the lending experience for our lenders and their borrowers.”

“Our lenders appreciate having the option to use the point-of-sale tool that fits their particular business model or workflow,” said David Colwell, Vice President of LendingQB Strategy. “Partnering with PreApp 1003 reaffirms our commitment to ‘Leaner Lending and Better Borrowing.’ Our expertise in APIs and LOS best practices allows us to deliver the best solutions to enhance the lending experience for our lenders and their borrowers.”

About PreApp 1003
Founded in 2015, Houston-based PreApp 1003 was created to fill a growing need for mortgage loan originators to easily and securely pre-qualify mortgage prospects from the convenience of their mobile devices. Being a cloud-based, text-initiated system, PreApp 1003 helps from the point of referral, to obtaining credit, calculating ratios and funds to close, to issuing closing cost worksheets and conditional pre-qualification letters. It is simply the most efficient way for a Mortgage Loan Originator to pre-qualify a prospective borrower all from a mobile device. For more information, visit http://www.preapp1003.com.

About LendingQB
LendingQB is a provider of Lean Lending solutions. The Lean Lending solution consists of a 100 percent web browser-based, end-to-end loan residential mortgage 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.

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Angelo Jones
LendingQB
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