LendingQB, a leading provider of SaaS mortgage origination technology, has announced the addition of its new non-QM toolkit for both its originator portals within LendingQB that now streamlines the non-QM loan pricing, eligibility and submission workflow for originators.
Utilizing LendingQB’s Total Decision Engine, the Quick Pricer allows users to generate non-QM scenario requests with 12 simple fields of data and attach relevant documentation to deliver directly to lenders alongside any necessary messages, the company said.
In addition, the tool kit includes loan scenario submission and bank statement submission functionality. It will be added to the company’s third-party origination and retail portals.
“Non-qualified mortgages continue to be one of the biggest emerging trends in our industry, and we simply enhanced our decision engine’s credit parsing and automated conditions generation capabilities with non-QM functionality,” David Colwell, vice president of strategy at LendingQB, said in a release.
“This added functionality gives our clients broader access to the non-QM market and to the majority of non-QM investors, whose programs and guidelines are already maintained by LendingQB,” Colwell added.