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Enterprise Lending System
At LendingSpace, our products are all about making the process as
smooth, integral and intuitive as possible. Paper becomes virtually
a thing of the past, with accompanying benefits in variable cost savings
and process acceleration. Disparate and unwieldy process "silos" disappear
with enlightened, intelligent workflow and rules-based decision-making.
Here, we are not only meeting the new business paradigm for technology
to be "better, faster, cheaper," we are also ensuring that technology
is smarter, more flexible and easier than ever to implement.
With these as our guiding principles, we offer our clients much more
than a loan origination system. We offer an entire Enterprise Lending
System, conceived to be comprehensive and simple to use. Our technology
enables mortgage companies to originate all types of loans with confidence,
including FHA and reverse mortgages, while truly partnering with companies
by offering a cost structure in which they only pay for the loans
they close.
The LendingSpace Enterprise Lending System includes the following
key components which can be leveraged in unison or can be deployed
as needed:
Loan Origination System
- Our flagship end-to-end, Web-based loan processing solution
handles all aspects of loan origination, from application to funding,
designed for lenders and brokers of all sizes. The system stands alone
for its flexibility, security, and fully extensive customization features,
with rules-based pricing, conditions, fees and compliance checks.
LendingXchg - Our exclusive online collaborative portal that allows
lenders and vendors to easily process third party orders such as credit,
flood, title, DU® and LP®, and virtually any other required product
or service. LendingXchg is fully integrated with the LendingSpace
Loan Origination System to eliminate re-keying of information. Any
documents received from vendors are automatically transferred to the
Loan Origination System saving steps, time and inconvenience for users.
Point of Sale - Our flexible and easy-to-use Point of
Sale application makes it simple for loan officers to register and
optimally leverage leads. With its built-in customer relationship
management and deal structuring features, it maximizes opportunities
with prospective borrowers by creating and comparing multiple loan
scenarios.
Broker Portal - Our private label web-based portal capability
allows wholesale lenders' brokers to submit loan applications directly
from their desktop origination systems, including systems such as
Ellie Mae's Encompass®, Calyx® Point® and Genesis®, among many others.
Brokers can also get pricing, fees, conditions and pipeline information
through the portal, which eliminates up to 80 percent of the status-checking
phone calls brokers typically make to loan departments, sapping their
time and productivity.
Lead Management - Our lead aggregation solution allows
effective management of leads coming in from various channels, such
as our business partners LendingTree® and GetSmart®, or through the
LendingSpace Broker Portal, corporate website, or other sources. Using
our interface adapters, data is automatically transferred into LendingSpace's
Loan Origination System, where it is seamlessly available for Point
of Sale's CRM and deal structuring capabilities and ultimate loan
creation.
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