Customer Shout-Out #4

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

Who: Bob and everyone at a bank in Missouri

Customer Since: 1997

Kudos: Wow!  This month, the bank celebrates their anniversary with 15 years as a Suntell customer.   Not only are they one of our oldest customers, but they stay engaged with us by attending Regional Training and Lunch and Learn sessions.  They license pretty much every product we have, and are great users!

Here’s a shout-out to the bank! Thank you for being a loyal customer for so many years!

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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.