LendingQB, a Costa Mesa, California-based SaaS fintech innovator that caters to the mortgage lending industry, as per recent reports, has entered into a partnership agreement with Finicity, a Murray, Utah-based financial data aggregation and insights platform, to provide faster loan processing and collectively enhance the mortgage borrowing experience for users.
LendingQB, by integrating the Finicity digital Verification of Assets (VoA) solution into its platform, aims to leverage the consumer-permitted transaction data to enable lenders, spot underwriting factors that can help them save those precious six days, which generally is the typical mortgage origination timeline. The VoA solution is swift and is capable of delivering reports in under 30 seconds. Furthermore, the solution can also be refreshed during the origination process.
“Digitizing the loan origination process is the key to the future of lending,” states Steve Smith, CEO, Finicity. “We’re proud to be one of the tech providers behind this movement and are glad to work with leading digital loan originators like LendingQB to help the industry evolve and improve the experiences for lenders and borrowers alike.”
According to Tim Nguyen, CEO, MeridianLink – LendingQB’s parent company, the partnership with Finicity demonstrates how determined the company is to remain adept with the cutting edge technology for the sake of all parties in the mortgage journey.
“At LendingQB, we pride ourselves on our ability to seek out the best technology and partnerships to combine with our solution,” adds Nguyen. “This creates a competitive advantage for lenders that delivers a more meaningful experience to the people that really matter: borrowers.”