Mortgage Peer Network Now Integrated With LendingQB

Posted by Patrick Barnard on December 28, 2016 No Comments
Categories : Residential Mortgage

To help mortgage lenders increase loan volume and reduce origination costs, Mortgage Peer Network‘s peer-based analytics have been integrated with LendingQB‘s cloud-based loan origination system (LOS).

By adding peer-based analytics to LendingQB’s origination platform, lenders will have access to peer-based performance metrics that will help them achieve new operational efficiencies and better meet compliance.

Mortgage Peer Network is a Web-based tool that helps lenders provide an enhanced consumer experience using milestone-based consumer survey feedback. It leverages consumers’ existing social networks to gain additional repeat, cross-sell and referral business.

The solution provides lenders with peer-based performance dashboards and reporting to help identify areas in the production process that can be streamlined, resulting in lower origination costs.

Increased regulation and compliance has dramatically increased the costs of origination and hampered the efficiency of mortgage lenders, according to studies released by the Mortgage Bankers Association.

By integrating Mortgage Peer Network with the LendingQB LOS, lenders gain a method for monitoring their performance and measuring the effectiveness of their operations in comparison with similar lenders.

Mortgage Peer Network analyzes performance data generated by LendingQB and enables lenders to select specific peer criteria to provide insight into the true cost and efficiency of their services.

“Through this partnership, LendingQB customers can join Mortgage Peer Network without the challenge of creating data extracts or interfaces. It is a hands-free setup process for the lender,” says Dave Demster, managing partner of Mortgage Peer Network, in a release. “Mortgage Peer Network effectively becomes an extension of LendingQB’s overall LOS value proposition and helps lenders of all sizes drive new business.”

“Aligning with Mortgage Peer Network delivers a truly unique value proposition for our customers,” adds Tim Nguyen, president of LendingQB. “In the past, only larger lenders could afford to go through the process of integration, implementation and customization that is typical of a solution like this, and even then, it was typically many months before the system was usable. Through this relationship, LendingQB clients will be integrated on the very first day they sign up and will begin to receive Mortgage Peer Network benefits shortly thereafter. Mortgage Peer Network is a solution that will help all our customers.”

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