Venta Financial Group Improves Operations With LendingQB’s LOS

Wholesale and retail mortgage banker Venta Financial Group reports that it has greatly improved its operations after implementing LendingQB's browser-based end-to-end loan origination system (LOS).

Venta, which operates Venta Wholesale and Alterra Home Loans, has automated every single facet of its lending business using the platform. With LendingQB's LOS, it has achieved a seamless workflow from the point-of-sale through funding, transparency across operations, automatic compliance audits, a completely paperless environment, reduction of cost-per-loan and greatly enhanced employee communications, according to a press release.

Prior to LendingQB, Venta took a multi-vendor approach to building an end-to-end solution, but the system failed to meet expectations. In fact, it ended up hampering inter-company communications, prevented visibility and disunited key functional areas involved in the lending process, thus slowing turn times.

‘LendingQB's platform, on the other hand, is an all-in-one solution that was custom-configured to automate our specific lending practices, which created a completely unified, smooth workflow,’ says Jason Madiedo, CEO of Venta.

LendingQB's LOS also helped Venta with recruiting efforts, the firm reports.

‘We've really gotten a lot of lift on the recruiting front when prospective loan officers, originators, underwriters and others learn how much easier things are using LendingQB,’ Madiedo adds. ‘In addition, the platform's flexibility and ease of setup has allowed us to quickly get new branches and offices up and running.’

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