Customer Shout-Out #1

We would like to recognize our customers who are trying something new, or doing something great, or are just generally amazing with our software.

Who:  Trisha, at a credit union in Indiana

Customer Since:  2009

Kudos:  The Suntell users have been working diligently on entering tickler data into the Loan Management System.  Trisha thinks that they now have a solid foundation and they can begin sending exception letters to their members.  She has contacted Customer Support a few times for assistance and with questions about sending out groups of letters and is excited to begin using this feature.

Here’s a shout-out to the credit union!  We know that you will love using the letters!

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How does a loan origination system work?

An LOS is defined as a system that automates and manages the end-to-end steps in the loan process – from the application, through underwriting, approval, documentation, pricing, funding, and administration.

What is the difference between loan origination and underwriting?

A loan officer is someone who works for a bank or credit union or other financial institution and offers loans to borrowers, while an underwriter is someone who analyzes documents from potential borrowers to determine if they are eligible for a loan.

What are the benefits of loan origination software?

By now, lenders are well versed in the benefits of a digital loan origination system, such as: Providing borrowers with easy, streamlined, and digital applications. Providing bankers with automating spreading and financial analysis tools.