Approved partners with LendingQB to Launch Wholesale Lending Platform
San Diego, CA — Approved, the leading digital mortgage platform for independent lenders and brokers, has partnered with LendingQB, a provider of SaaS loan origination technology solutions, to launch a best-in-class digital mortgage experience and wholesale submission platform for lenders and their broker networks. The Approved platform is available now, and launching today with select lenders and brokers across the country.
Approved offers brokers and lenders a white-labeled borrower point of sale to streamline the loan application, automate original document collection, and track milestones online. This improves borrower lead-to-submission rates, and makes it drop-dead-simple for third party originators to submit high-quality loan packages directly to wholesale lenders. With a LendingQB integration, leads through submissions can all take place through the same point of sale a broker is using to manage their borrowers and process loan packages.
“Approved makes it easy for any broker or lender to take their business online in minutes, and compete with those that have spent hundreds of millions of dollars on technology.” says Andy Taylor, Approved CEO. “ In a world where over 70% of home buyers start their journeys online, buyers are going to move onto the next search result if you don’t offer a competitive user experience. By partnering with LendingQB, we’re excited to bring our award-winning tech to even more of the mortgage industry.”
LendingQB, a provider of an innovative web-based loan origination system (LOS), continues to extend market-leading integrations through its web-based LOS system that provides lenders a flexible, innovative workflow. The LOS’ open-architecture application program interface (API) enables lenders to select the tools that best help their efficiency. The LOS was cited in the STRATMOR Group’s December 2016 Technology Insights report as achieving an end user effectiveness rating of 93%, top marks amongst the major LOS providers.
- Approved technology includes:
- Seamless Submission Platform: A seamless end-to-end experience from the borrower to the broker into the wholesale submission portal.
- Dynamic Loan App: Guides the borrower through the loan application process, by only asking the relevant questions.
- DocCast™: Automatically collect original bank statements, W2s, 1099s, 1040s and paystubs.
- DocVision™ Camera Scanning: Allows borrowers to securely “scan” documents using their mobile devices.
- White-labeled Dashboards: A delightful and mobile-enabled platform for borrower and lender collaboration.
- Digital Document Library: Support for all popular loan programs.
Approved is on a mission to bring transparency, efficiency and a little sanity to the mortgage experience. We’re building a digital mortgage platform enabling lenders to go digital in minutes (not weeks). Our technology is used everyday by agents, borrowers, loan officers and their teams to provide a world class lending experience for borrowers, and to streamline and digitize the back office. Winner of the HousingWire 2018 TECH100 award, Approved was founded in late 2015 by Redfin alums Andy Taylor and Navtej Sadhal. We’re based in sunny San Diego and backed by Social Capital, Precursor Ventures, Graph Ventures, Bluesky Equities, and other leading venture investors. Close more loans, faster.™ Learn more and sign up today at www.getapproved.io
LendingQB is a provider of Lean Lending solutions. The Lean Lending solution consists of a 100 percent web browser-based, end-to-end mortgage loan origination system, best of breed integrations with key industry partners and 'adoptimization' services that result in faster cycle times and lower costs per loan. For more information, please call 888.285.3912 or visit www.lendingqb.com.