Free loan origination system for NAMB members launched

Association has partnered with LendingPad for solution

Free loan origination system for NAMB members launched

Members of the National Association of Mortgage Brokers (NAMB) will have access to a new enterprise cloud-based loan origination system (LOS) following the announcement of a new partnership.

At its conference NAMB National, the association announced that iyt has partnered with LendingPad for the launch of NAMB+LOS for brokers nationwide. It is free for NAMB members.

“Both organizations worked tirelessly developing this tool to ensure NAMB members and mortgage professionals are presented with the very best option offered to connect with their customers and prospects while aligning their operations in an easy to use, web-based solution,” said Richard Bettencourt, NAMB Board President. “Our entire team is excited to debut this offering today and are excited to watch the industry engage the tool.”

The benefits of the new platform
Among the benefits of the new system, it is 100% cloud-based and works on any device with nothing to install. It’s also ‘open platform’ to connect to brokers’ preferred service providers including CRA’s, POS, CRM and wholesale lenders.

Brokers can engage with their borrowers, to efficiently process loans and to seamlessly connect with wholesale lenders without ever leaving the platform; and can watch their borrowers complete an application in real-time with the ability to jump in and help to complete the rest.

“Innovation, transparency and progress have always been our core operating principles at LendingPad.  Working jointly with NAMB’s leadership, we’ve listened attentively to both brokers’ and lenders’ feedback in bringing this enterprise platform to life. “said Wes Yuan, LendingPad’s Managing Director.  “With NAMB+LOS, the brokers can now effectively leverage best tools currently only available for larger institutions and further leveling the playing field for the diverse, independent local mortgage brokers nationwide."