employee spotlight

Employee Spotlight: Ross Nichol

This month, our spotlight is on Ross Nichol. Ross is calm, friendly, outgoing and has been with Suntell in Outside Sales since 2008. 

Since joining our team, Ross has learned so much about the banking and credit union industry and how to better interact with individuals from that industry. He loves the Credit Analysis area and would utilize those tools most in a banking role. 

He appreciates spending time in his quiet community with family and friends. Together, they enjoy grilling and sporting events together and if he could learn a new skill, it would be to fly a plane.

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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.