Mortgage Peer Network [1] has announced an integration with LendingQB’s [2] cloud-based loan origination system (LOS). The partnership will allow lenders to generate business and will provide peer-based performance metrics that will lead to a more streamlined and intelligent lending operation.
The merger will enable lenders to monitor their performance and measuring the effectiveness of their operations in comparison to similar lenders. Mortgage Peer Network will analyze performance data generated by LendingQB, and lenders will be able to select specific peer criteria to provide insight into their services.
Dave Demster, Managing Partner of Mortgage Peer Network, explained that the new venture will allow customers to make new business connections and attract clients. “Through this partnership, LendingQB customers can join Mortgage Peer Network without the challenge of creating data extracts or interfaces, it’s a hands-free setup process for the lender,” he said. “Mortgage Peer Network effectively becomes an extension of LendingQB’s overall LOS value proposition and helps lenders of all sizes drive new business.”
Tim Nguyen, President of LendingQB, looks forward to the partnership with Mortgage Peer Network. “Aligning with Mortgage Peer Network delivers a truly unique value proposition for our customers, he said.” “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.”