LendingQB, a SaaS loan origination technology solution provider, recently partnered with MortgageHippo in a way intended to improve the borrower experience, lower the cost of origination and increase loan officer productivity.
The integration will allow lenders to create workflows that can connect a consumer’s journey throughout the mortgage process with the back-office processing and underwriting functions of the loan origination system, according to a press release.
“This point-of-sale integration has been a long time coming,” LendingQB Vice President of Strategy David Colwell said in the release. “Bringing MortgageHippo to LendingQB allows our clients to have more sophisticated options when choosing their POS system and stays true to our values of building stronger core partnerships. Staying ahead of the technological curve in the POS sphere is difficult, but Mortgage Hippo doesn’t relent when it comes to staying competitive. We’re very excited to see where this relationship goes.”
“In today’s lending landscape, lenders must focus on providing borrowers with an easy and smooth digital experience to remain competitive,” MortgageHippo Executive Vice President and Chief Strategy Officer Joe Dahleen said. “We’re excited to be an integration partner with LendingQB and together will provide an exceptional experience for lenders and borrowers.”
The companies intend the integration between the two systems will allow borrowers and loan officers a digital mortgage experience through extensive customization to create a more efficient, smoother lending process. MortgageHippo also captures documents and data and seamlessly transfers it back into the LOS for less reliance on manual inputs by the loan officer. This exchange of data will allow MortgageHippo to sync borrower data with the LOS for a secure exchange of borrower data.
LendingQB bridges the gap between technology and a lender’s ability to fully engage with technology to meet its goals, the release states. LendingQB provides solutions that help mortgage lenders reduce their costs and create loans that are compliant and profitable while delivering a more meaningful experience to the people that really matter: borrowers.
MortgageHippo is focused on helping lenders provide a state-of-the-art borrower experience, according to the release. MortgageHippo partners with mortgage lenders to offer a fully digital process, from first contact to closing. MortgageHippo’s digital lending platform is fully customizable, consisting of various modules that are adapted to a lender’s processes and origination channels to better serve borrowers at different stages in the mortgage process.