Visionet Systems Inc.’s mobile-based origination solution now is integrated with LendingQB’s web-based loan origination system (LOS), the companies announced.
The integration allows lenders using the LendingQB’s LOS to connect with borrowers on their mobile devices through Visionet’s LoanVelocity.
“With this seamless integration, all the data captured with the mobile app will now load directly into the lender’s LOS,” Visionet Managing Director Alok Bansal said in a release. “In addition, notifications on status change or additional documentation requirements can be delivered instantly to the borrower via a mobile device. This will allow lenders to significantly extend their reach to a wider audience and also improve borrower experience.”
LoanVelocity can be white-labelled and is currently available on Android and iOS. It includes an omnichannel communications platform and provides easy access to Visionet’s mortgage outsourcing services to accelerate originations.
“eMortgages are in vogue and engaging the millennials is a priority for most lenders,” LendingQB President Tim Nguyen said. “With LoanVelocity from Visionet, lenders will be able to engage more effectively with borrowers on a mobile platform, extending their reach. Through LendingQB’s open-architecture application protocol interface, LoanVelocity has the flexibility to pair its solution with our LOS in a manner that supports a centralized workflow.”
“LoanVelocity from Visionet is the mortgage industry’s most scalable and the lowest cost mobile-based origination solution,” Bansal added. “Our application has a unique group chat feature that is able to connect multiple stakeholders simultaneously – borrowers, co-borrowers, processors, loan officers, real estate agents, etc. This helps in reducing the time for closing significantly. Visionet is perhaps the only player in the mobile app industry which can claim 25 years of experience in mortgage domain. This ensures a smooth buying process for all the stakeholders.”