Suntell 18 Year Anniversary

August 23rd, 2014 marks the 18th year since Financial Institution Technologies, dba Suntell was formed. For me, it is hard to believe that much time has passed.  I feel very fortunate to be the CEO and leading the company after this many years.  I feel even more fortunate in the talent we have in our company today, helping us emerge to even higher levels of success.

We always have new things that we want to do to better serve those that use our products, but we want to take a moment to celebrate and reflect.  Thank you to the customers that have been with us along this journey.

Duane Lankard
CEO, Suntell

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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.