Enabled as an optional feature for LoansPQ users, the LenderClose platform provides API connections to every vendor it takes to approve, underwrite and close a mortgage or HELOC loan.
Through LenderClose, lenders access a suite of reports and services – from flood certification and valuation products to title reports and e-recording services.
The result is a streamlined and vastly accelerated underwriting process, an increasingly essential capability for all community lenders.
With one vendor, one integration and one invoice, lending teams realize multiple points of efficiency.
“Today, community lenders are working with more vendors and fintechs than ever before to meet increased consumer demand for speed and personalization,” says Doug Glagola, vice president, enterprise solutions, MeridianLink, in a release. “That’s why it’s so important for lenders to have access to vendor aggregators like LenderClose. Unless that information is integrated seamlessly with the systems they already use, it’s incredibly difficult to provide the instant, accurate and reliable experiences members expect. LenderClose’s technical expertise and community lending market connections make them an ideal partner for our growing ecosystem of lending solutions.”
The integration means loan officers and processors will have less data-entry tasks and fewer platforms to manage. Forms and other documentation that comes through the LenderClose platform will be automatically uploaded to LoansPQ, saving staff upload and download time.
In addition, loan officers will have access to real-time data and reports across both platforms and a digital archive of forms for quick retrieval from anywhere.