Merry Christmas & Happy Holidays!

Merry Christmas & Happy Holidays!

As the year draws to a close, we are reflecting on all of the work that we have done with you – our customers – this year. From product enhancements to data conversions to new employees within our company, it has truly been a year of change. Our growth and success could not be achieved without the support of our customers and we are grateful.

Have a wonderful holiday season filled with family, friends, food, and laughter. We look forward to what next year will bring.

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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.