Regional Training: Omaha

It is that time again!  We have our first Regional Training event of 2012 scheduled for April 17 & 18 in Omaha, Nebraska at the DoubleTree by Hilton Hotel.  We look forward to hosting these events a few times a year.  They are a great way to work with our customers in a small hands-on setting, while still allowing our customers to interact with and learn from each other.

We always try to introduce new functionality at these events, as well as cover major areas such as Credit Analysis, Loan Presentation, and Documentation Tracking.  This event will feature new Credit Bureau Integration as well as cover stress testing.

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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.