Lendicom Introduces Online Loan Submission Tool

Posted by Orb Staff on November 12, 2007 No Comments
Categories : Commercial Mortgage

Lendicom.com, headquartered in Portland, Ore., has introduced an online commercial loan submission and matching tool that allows direct lenders to set up individual accounts in Lendicom and then set up one or more loan programs with specific criteria to match their actual offerings.

Brokers and borrowers are able to enter specific commercial loan proposals for matching with a pre-qualified database of lenders, the company explains. Upon data submission, Lendicom presents a list of matches and close matches – with some basic information regarding the lenders – and the brokers/borrowers may select up to four lenders for automatic submission of their proposals.

Product highlights include an individual home page for each user with complete pipeline information pertaining to all loans processed through Lendicom, the ability to manage all outstanding loan programs/proposals from a single location, and the ability to set up entire offices or branches on the system with an administrator managing the various users.

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