Lending qb executive summary 2013
- 2. Who We Are • Experienced SaaS vendor with proven SaaS platforms in the financial industry • 500+ financial institutions processing millions of transactions per month using our SaaS platforms • Innovative technology company with extensive custom development pedigree • Wholly-owned and operated by original two co-founders since inception in 1998
- 3. Why the LendingQB LOS platform • End-to-End mortgage lending platform • Single SQL database • 100% browser-based • Comprehensive five layer compliance management • Seamless integrations including the only automated real-time integration with ComplianceEase • Unparalleled platform security, scalability and performance • Full-service implementation and platform maintenance approach
- 4. LendingQB LOS: Web-based, Seamless & End-to-end • Private-Labeled Web Portals • Broker/TPO • Retail • Consumer Direct • Automated Underwriting and Loan Pricing Engine • Extremely fast & intuitive Electronic Document Management System • Real-time automated compliance checks • Customized workflow configured for each client • Custom Business Rules & Automated Task System
- 5. Our Single Database Platform Drives the Five Layers of Compliance RISK ASSESSMENT CONTROL MECHANISM Eliminate resources wasted on poor quality loan apps LAYER 1 Automated Underwriting Prevent staff from LAYER 2 Business Rules making mistakes Automatically guide users through workflow LAYER 3 Task System Automates Issue Identification for Management LAYER 4 Scheduled Reports Ensure loans meet industry, Real-Time, Automated state & federal regs LAYER 5 Compliance Rigorous protection against operational & regulatory mistakes
- 6. Seamless Integrations Additional LendingQB integrations will be developed on a per request basis and typically are incorporated into the clients agreement and implemented within standard platform implementation time-frames. Partial List of Key Integrations Integration Area Vendor/Agency Type Initial Disclosures DocMagic, DocuTech, IDS (Q1) Seamless Integration Closing Documents DocMagic, DocuTech, IDS (Q1) Seamless Integration Anti-Predatory & State High-Cost DocMagic, ComplianceEase Seamless Integration TIL Audits ComplianceEase Automated Seamless Integration State Consumer Lending Laws ComplianceEase Automated Seamless Integration State Licensing Regulations ComplianceEase Automated Seamless Integration Identity Verification DataVerify Seamless Integration Fraud Checks DataVerify Seamless Integration Capital Markets MCT, MCM, Flatirons, Compass (Q2) Automated XML Push Title Fee Packages FirstClose Title Seamless Integration Credit Reports All Fannie Mae Approved Vendors Seamless Integration Lead Management Leads360, mortgageCEO Seamless Integration Appraisal Management GlobalDMS Seamless Integration Appraisal Review and Scoring GlobalDMS Seamless Integration FHA Connections FHA Seamless Integration FHA Total Scorecard AUS FHA Seamless Integration DU and DO Integratiion FNMA Integration to site with DU Findings Brought back into LQB LP Integration FHLMC Integration to site with LP with Findings Brought back into LQB MI (Best Ex) Radian, MGIC, Genworth and Essent Automated Seamless Integration Flood RealEC Exchange (Q2), LPS, Corelogic Seamless Integration Title RealEC Exchange (Q2) Seamless Integration
- 7. Our Infrastructure Drives Optimal Performance & Scalability ADVANCED INFRASTRUCTURE DEMONSTRATED PERFORMANCE & SCALABILITY • Our data center is hosted, owned and • 500+ financial institutions processing millions maintained by us of transactions per month using our platforms • We have over 14 years of experience as a SaaS • MeridianLink/LendingQB has 30 Bank/Credit provider Union Customers that exceed $2 Billion in • SSAE 16 Certified, TruSecure certified Assets • RI3PA/Payment Card Industry (PCI) compliant • Our Various Utilization Thresholds (Capacity, since 2008 (the only LOS vendor to have this Bandwidth, etc.) are monitored to not exceed level of security certification) 40% utilization • Single relational SQL Database • 12-month uptime is 99.998% • .NET Framework , Natively Built, Multi-Tenant Platform
- 8. A Full-Service Approach to Implementation and Platform Maintenance YOU CONFIGURE WE CONFIGURE • YOU hire a project manager • WE handle all configuration and deployment • YOU are responsible for setting rules and • WE are responsible for rules and all workflow workflow configuration configuration • YOU pay for additional resources to complete deployment • WE provide custom development and integrations • YOU maintain the platform on an ongoing basis – adding to your costs • WE continuously maintain the platform from hosting to data security to system updates RESULTS IN • Costly or failed LOS implementations RESULTS IN • Average implementation cycle times of 9 to 18 • 100% successful implementation rate months • No hidden costs or resource requirements • Average additional resource costs between • Average implementation cycle times of 90 days $100,000 and $500,000
- 9. Our High-Level Deployment Plan Illustrates that LendingQB does the Heavy Lifting Excerpt of Sample High-Level Deployment Accountability List Task # GROUP TASK Responsibility Notes 4 Build LQB Suite Build investor products into system LendingQB 5 Build LQB Suite Build and maintain custom lender overlays LendingQB Lender provides overlays; LQB engineers implement them 6 Build LQB Suite Private-label loan programs LendingQB 8 Workflow Configuration Build and upload workflow diagram LendingQB 9 Workflow Configuration Implement business rules and automated tasks LendingQB 10 LOS Configuration Schedule and complete Admin training LendingQB 11 LOS Configuration Set up branch(es) LendingQB Lender provides information in Excel format; LQB batch uploads data 12 LOS Configuration Set up employees LendingQB Lender provides information in Excel format; LQB batch uploads data 13 LOS Configuration Setup DO/DU credit credentials LendingQB 14 LOS Configuration Set up Originating Companies LendingQB Lender provides information in Excel format; LQB batch uploads data 15 LOS Configuration Set up TPO user accounts LendingQB Lender provides information in Excel format; LQB batch uploads data 16 LOS Configuration Set up Correspondent user accounts LendingQB Lender provides information in Excel format; LQB batch uploads data 17 LOS Configuration Set up loan template(s) Lender 28 EDOCS Set up EDocs folders and doc types LendingQB Lender provides information in Excel format; LQB batch uploads data 29 EDOCS Set up DocMagic barcode integration mapping LendingQB Lender provides information in Excel format; LQB batch uploads data 30 EDOCS Set up EDocs fax number LendingQB 31 EDOCS Set up EDocs shipping templates LendingQB Lender provides information in Excel format; LQB batch uploads data 32 Pricing Configuration Setup pricing margins in Price Groups Lender 33 Pricing Configuration Setup Loan Origination Compensation Plans LendingQB Lender provides information in Excel format; LQB batch uploads data Ensure loan templates are using the correct 34 Pricing Configuration lender paid compensation option LendingQB 35 Pricing Configuration Verify pricing and eligibility results Lender 38 Task Configuration Set up Processing needs list LendingQB Lender provides information in Excel format; LQB batch uploads data 39 Task Configuration Set up Underwriting Condition Choices list LendingQB Lender provides information in Excel format; LQB batch uploads data 40 Task Configuration Set up closing/post-closing check list LendingQB Lender provides information in Excel format; LQB batch uploads data 47 Reports Customize Pipeline reports for each role LendingQB 48 Reports Build reports LendingQB LendingQB can build the reports or lender can do it themselves
- 10. LendingQB will Improve Your Bottom Line • End-to-End • Single SQL Database Cost Savings Our Platform • • 100% Browser Based 5 Layer Compliance Management • Save an estimated 100K to 200K in • Innovative Integrations Internal / External Implementation • Security, Scalability and Performance Resources Implementation and Configuration Costs • Dramatically reduce DU/LP costs by using LendingQB’s FHA Total Scorecard Our Full-Service • We Deploy and Configure the Platform • We Manage the Platform On-going Integration Approach • We Custom Develop for Each Lender • Reduce cost per loan by 25-45% • Save $100K - $200K a year by using a managed services solution that is a Web- Based/End-to-End/Single Database Platform which eliminates need for Our Mission • Reduce Lender Costs by 50% additional resources to maintain infrastructure and technology