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Venta Financial Group Completely Automates Lending Operations With LendingQB's LOS

Venta Financial Group Completely Automates Lending Operations With LendingQB's LOS

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Published by Christopher Simmons
Venta Financial Group Completely Automates Lending Operations With LendingQB's LOS
Venta Financial Group Completely Automates Lending Operations With LendingQB's LOS

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Published by: Christopher Simmons on Sep 12, 2013
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From Send2Press® Newswire — Print Friendly Version
Banking and Finance NewsPRESS RELEASE:
Venta Financial Group Completely Automates LendingOperations with LendingQB's LOS
Thu, 29 Aug 2013, 07:00:51 EDT
COSTA MESA, Calif., Aug. 29, 2013 (SEND2PRESSNEWSWIRE) -- LendingQB, a provider of end-to-end loanorigination software, announced that Venta Financial Group, Inc.(Venta), a wholesale and retail mortgage banker, hasexperienced stellar results since implementing its browser-basedend-to-end loan origination system (LOS).Venta operates two distinct brands under the names of VentaWholesale and Alterra Home Loans for its wholesale and retaillending channels, respectively. Using the platform, Venta wasable to automate every single facet of its lending business, thusachieving a seamless workflow from the point-of-sale throughfunding, transparency across operations, automatic complianceaudits, a completely paperless environment, reduction of costper loan and greatly enhanced employee communications.Prior to LendingQB, Venta tried to use best-of-breed vendors to create an end-to-end solution but the approach failed to meetexpectations, instead hampering intercompany communications, preventing visibility, disuniting key functional areas involvedin the lending process, and slowing turn times."We tried using best-of-breed providers several different times but were never able to really implement the seamless workflowwe envisioned having," stated Jason Madiedo, CEO of Venta. "LendingQB's platform, on the other hand, is an all-in-onesolution that was custom-configured to automate our specific lending practices, which created a completely unified, smoothworkflow. Our employees love the system and how much easier it makes their jobs and ability to communicate with other functional as they work to complete tasks. LendingQB basically perfected nearly every facet of our lending operations."Venta also reports that LendingQB's LOS helped significantly with recruiting efforts due to the solution providing tools that helpmake them more productive and successful. "We've really gotten a lot of lift on the recruiting front when prospective loanofficers, originators, underwriters and others learn how much easier things are using LendingQB," remarked Madiedo. "Inaddition, the platform's flexibility and ease of set up has allowed us to quickly get new branches and offices up and running.""Venta has done an outstanding job of leveraging our LOS to operate leaner and with greater productivity across the board,"said Binh Dang, president of LendingQB. "They worked with quite a few best-of-breed providers in the past and sawintegration deficiencies and workflow issues first hand. The team at Venta now takes a holistic approach to driving lendingimprovements and we're pleased that our LOS has been instrumental in their success." About LendingQB:LendingQB is a Costa Mesa, Calif.-based company that specializes in loan origination technology solutions and services for the mortgage industry. The LendingQB LOS is a 100 percent Web-based, true end-to-end enterprise-class loan originationplatform. The solution is designed to meet the needs of all types of mortgage lenders-large or small, wholesale or retail,correspondent or Internet-based-with specialized tools that are targeted, customizable and flexible. LendingQB uses aconsultative technology assessment approach before engaging with new clients, and places a strong emphasis on theutilization of data analytics to assist lenders in leveraging business intelligence, resulting in optimized organizationalperformance and lowered cost per loan. For more information about LendingQB, please call 888-285-3912 or visit
Page 1of 2PRESS RELEASE: Venta Financial Group Completely Automates Lending Operations w...8/29/2013http://send2press.com/newswire/print/news_Venta-Financial-Group-Completely-Automate...

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