Customer Shout Out #5

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

Who: Gloria, from a credit union in California

Customer Since: 2009

Kudos: Gloria was the winner of our January Facebook contest!  Any comments or likes on our Facebook Wall were entered into a drawing for an iPod Shuffle.  Not only did Gloria win our contest in January, she regularly interacts with us on Facebook.  She also works with us frequently in our support department and has attended Regional Training in the past.

Here’s a shout-out to Gloria!  We enjoy interacting with you!

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FAQs

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.