Visionet announces integration of LoanVelocity with LendingQB’s Loan Origination System

Cranbury, NJ Visionet announces integration of LoanVelocity with LendingQB’s Loan Origination System

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Visionet Systems Inc., a global services provider to a number of industries including the US mortgage industry, announced today that its mobile based origination solution, LoanVelocity, is now integrated with LendingQB’s web-based Loan Origination System (LOS). This enables the lenders using the LendingQB LOS to actively engage borrowers on their mobile devices.

“With this seamless integration, all the data captured with the mobile app will now load directly into the lender’s LOS” said Alok Bansal, Managing Director at Visionet Systems. “In addition, notifications on status change or additional documentation requirements can be delivered instantly to the borrower via a mobile device. This will allow lenders to significantly extend their reach to a wider audience and also improve borrower experience”

Bansal pointed out that the solution can be white labelled and is currently available on Android and iOS. From their mobile devices, borrowers can now apply for loans, securely scan and upload documents, and track the status of their loan. The solution also includes an omnichannel communications platform and easy access to Visionet’s industry-leading mortgage outsourcing services to accelerate originations.

"e-Mortgages are in vogue and engaging the millennials is a priority for most lenders," said Tim Nguyen, President, LendingQB. "With LoanVelocity from Visionet, lenders will be able to engage more effectively with borrowers on a mobile platform, extending their reach. Through LendingQB's open-architecture application protocol interface (API), LoanVelocity has the flexibility to pair its solution with our LOS in a manner that supports a centralized workflow."

“LoanVelocity from Visionet is mortgage industry’s most scalable and the lowest cost mobile-based origination solution,” Bansal added. “Our application has a unique group chat feature that is able to connect multiple stakeholders simultaneously – borrowers, co-borrowers, processors, loan officers, real estate agents, etc. This helps in reducing the time for closing significantly. Visionet is perhaps the only player in mobile app industry which can claim 25 years of experience in Mortgage domain. This ensures smooth buying process for all the stakeholders.

About LendingQB

LendingQB is a provider of Lean Lending solutions. The Lean Lending solution consists of a 100 percent web browser-based, end-to-end mortgage loan origination system, best of breed integrations with key industry partners and 'ad optimization' services that result in faster cycle times and lower costs per loan. For more information, please call 888.285.3912 or visit www.lendingqb.com.

About Visionet Systems Inc.

Visionet Systems, Inc. is a leading services provider to the Mortgage and related industries. Through its digitally powered outsourcing services and technology innovations, it helps mortgage businesses transform their operations and scale their business effectively. As a part of mortgage processing services, Visionet delivers digital disruption by being the first company to offer zero cost technology as a part of its solutions. The company’s technology products complement its top of the line mortgage outsourcing services. For more information, visit us online at www.visionetsystems.com