Garet Meals on Wheels

Suntell in the Community: Garet Phillips

Our Interface Specialist, Garet Phillips, volunteers for Meals on Wheels twice a month. She was motivated to take on this particular work because her father, a disabled Navy veteran, received Meals on Wheels deliveries every day for several years. The volunteers were many times the only people he saw that day and it was a comfort to her family to know he was getting nutritious meals and checked on daily. Garet says that it brings her a lot of joy and visit with the people receiving meals.

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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.