LendingQB, a Costa Mesa, Calif.-based provider of end-to-end loan origination software, has announced that its Web-based loan origination system (LOS) has been integrated with the proprietary HALO platform offered by San Diego-based Mortgage Capital Trading (MCT).
The interface, dubbed HALO-Link, allows for pipeline and trade data to automatically be exchanged from LendingQB's LOS to the HALO platform. According to the companies, the new interface helps lenders realize higher profit gains from MCT's mandatory trade executions to investors.
‘Lenders are increasingly turning to the utilization of a hedging strategy in secondary marketing to achieve greater profitability,’ says David Colwell, vice president of corporate strategy at LendingQB. ‘The integration between our LOS and MCT's HALO-Link enables the timely delivery of data so that loans can be hedged more frequently and accurately. Eliminating manual steps in the data exchange process reduces errors, mitigates risk, saves money and ultimately drives profitable loan sales to investors.’