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LendingQB-BeSmartee Partnership Automates Consumer Direct Lending

jobline-handshakesLendingQB, a Costa Mesa, California-based provider of lean lending loan origination technology solutions, has announced the integration of its LOS with BeSmartee, an online mortgage automation company based in Huntington Beach, California.

The partnership between LendingQB and BeSmartee is part of the LendingQB’s strategy to help lenders build innovative services for their borrowers by integrating with key technology partners. This integration provides lenders with an automated system to build a consumer direct lending channel that will cut the amount of time it takes for borrowers to move from loan application to underwriting down to approximately 20 minutes, according to LendingQB.

“Building a direct-to-consumer lending platform requires tremendous coordination between the point-of-sale application and the loan origination system,” said Tim Nguyen, Co-Founder and CEO of BeSmartee. “Our integration with LendingQB ensures that data is secure and that the lender can move as quickly as the borrower desires on their mortgage transaction.”

One company that has leveraged the integration is Atlanta-based Mortgage Assurance, Inc. The implementation of BeSmartee has resulted in reduced loan origination costs and created efficiencies through verifications for Mortgage Assurance.

“Our customers enjoy the convenience of the consumer direct channel,” said Josh Rosendahl, IT Manager for Mortgage Assurance, Inc. “For us, having the BeSmartee solution seamlessly integrate with LendingQB’s LOS gives us total confidence in the self-service origination process. As the duo works to secure proper verifications and determine the proper course of action, my staff is able to monitor the process without having to dedicate large amounts of time to manually verifying and approving each step. For us, this saves time and resources.”

LendingQB’s core LOS is a fully web browser-based system that effectively and intuitively manages the entire mortgage lending process, and BeSmartee allows lenders to provide borrowers with a unique experience by giving them the opportunity to use any mobile or desktop device to complete the entire mortgage transaction, according to the announcement.

“As a customizable LOS, we seek to find best-of-breed partners to integrate with on behalf of our customers,” said David Colwell, Strategic Business Development at LendingQB. “The BeSmartee integration exemplifies what it means to provide the best platform in order to make a better lending experience for our customers.”

About Author: Brian Honea

Brian Honea's writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master's degree from Amberton University in Garland.
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