Approved, LendingQB partner for on wholesale lending platform

by Francis Monfort12 Apr 2018

Digital mortgage platform Approved and LendingQB, a provider of SaaS loan origination technology, have partnered to introduce a digital mortgage and wholesale submission platform for lenders and their broker networks.

Approved offers brokers and lenders a white-labeled borrower point of sale to improve loan application, automate original document collection, and track milestones online. The platform was launched with select lenders and brokers across the country.

“Approved offers an innovative method for our wholesale lenders to engage more closely with their broker customers,” said David Colwell, vice president of strategy at LendingQB. “By integrating with Approved, we’re able to offer lenders a suite of technology solutions that leverages digital mortgage capabilities across different channels, embedding the user experience directly into the overall lending workflow.”

The platform allows lenders to improve borrower lead-to-submission rates and simplifies the submission of loan packages by third-party originators directly to wholesale lenders. Additionally, the LendingQB integration allows leads through submissions to take place through the same point of sale a broker is using to manage their borrowers and process loan packages.

Aside from the wholesale submission platform, Approved also includes a guided application process. The platform includes DocCast, which automatically collects original bank statements, W2s, 1099s, 1040s, and paystubs, and DocVision Camera Scanning, which allows borrowers to securely scan documents using their mobile devices. Approved also allows for white-labeled dashboards and a digital document library that supports popular loan programs.

 

Related stories:
 

COMMENTS

Poll

Should CFPB have more supervision over credit agencies?