LendingQB Completes Interface With DocMagic Products

Posted by Orb Staff on September 26, 2012 No Comments
Categories : FYI

LendingQB, a Costa Mesa, Calif.-based provider of end-to-end loan origination software, announced that it has completed a seamless interface with DocMagic's document production and compliance technology.

According to the companies, the new interface completely embeds DocMagic's functionality within LendingQB's loan origination system (LOS). All activities, from selecting document packages to auditing data, occurs in LendingQB's centralized database, eliminating the need to re-key information and potential loan data mismatches. This ensures accuracy and compliance with all state and federal regulations. The interface also adds DocMagic's eDelivery and eSign features to LendingQB's LOS.Â

‘Many LOS integrations that are completed today are not truly seamless and at one point force users to leave the LOS and perform actions such as data touch up and package ordering within the document provider's system, without any data going back into the lender's LOS,’ says Steve Ribultan, director of business development at Torrance, Calif.-based DocMagic. ‘While this method works, it isn't ideal. On the other hand, the tight integration we have with LendingQB allows lenders to generate accurate compliant documents the first time – every time – while remaining in their native system of record, thus ensuring data consistency.’

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