Costa Mesa, CA (PRWEB) February 03, 2014
LendingQB, a provider of end-to-end loan origination software (LOS), has officially launched its Lean Lending strategies for the mortgage industry. Lean Lending utilizes lean manufacturing principles to help lenders reduce origination costs by up to 50%. Lean Lending guides lenders to streamline processes, ensure compliance, and drive continuous organizational improvement.
- Streamlining processes by reducing costs by consolidating or eliminating certain functions. For example, lenders create a dedicated team to handle disclosure and re-disclosure activities instead of requiring a large staff of loan officers and processors.
- Ensuring compliance by flagging compliance issues early in the process. For example, a GFE Tolerance Monitor flags changes and detects when fees break the 10% tolerance, which prevents the loan from proceeding with a GFE tolerance violation.
- Continuous improvement by LendingQB working with the lender to ensure that they’re fully utilizing the LendingQB platform. For example, LendingQB will review and re-train the lender’s staff on the latest technology at no additional cost.
“It can take up to 3 years for lenders to understand a new LOS platform and create the best practices to take advantage of new technology,” said Binh Dang, LendingQB president. “LendingQB can shorten the learning curve to just 6 months by providing a lean set of best practices.”
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.