Visionet Systems Inc., a global services provider to a number of industries including the US mortgage industry, announced 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, the company announced in a release.
"With this seamless integration, all the data captured with the mobile app will now load directly into the lender's LOS" Visionet Systems Managing Director Alok Bansal said in the release. "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 in the release 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," LendingQB President Tim Nguyen said. "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 said. "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.”