LoanPASS And LendingPad Partner To Integrate PPE And LOS
LoanPASS, a fintech focused on next-generation decisioning automation, and LendingPad, an end-to-end web-based loan origination system (LOS) provider, have partnered to integrate their core platforms for use by direct lenders. The integration marries two of the most technologically contemporary PPE and LOS platforms in the mortgage industry, delivering newfound efficiencies and benefits specifically for mortgage bankers.
Directly from within LendingPad’s LOS, users will be able to seamlessly access LoanPASS’ decisioning platform to return product and pricing results for any type of loan program — with unparalleled speed and accuracy. The extreme ease of configuration and flexibility coupled with the cost-effective nature of the two platforms gives lenders a much-needed technology alternative to better navigate changing marketplace conditions.
“We are excited to partner with LendingPad to offer mortgage bankers the combined power of LoanPASS’ sophisticated, highly customizable PPE solution with that of LendingPad’s comprehensive cloud-based LOS,” stated Bill Mitchell, CRO of LoanPASS. “As the mortgage industry prepares to face increasing volatility, these are two ideal solutions for lending entities can harness to weather the storm.”
LoanPASS is a next-generation product and pricing engine that was designed from the ground up to swiftly configure and house any type of loan product along with ease of pricing changes. The immense flexibility and control that LoanPASS gives lending entities to self-manage loan programs on-the-fly is lauded by users as a game-changing tool that provides a unique competitive advantage. LoanPASS’ open APIs allow for quick, simple and cost-effective integrations between disparate systems.
“Each of our digital lending platforms reside in the cloud and are delivered using a low-cost SaaS delivery model, creating a maintenance free and low-cost interface,” said Wes Yuan, CEO of LendingPad. “During turbulent times where mortgage lenders are facing strong headwinds, this integration arms mutual clients with the business-critical technology that they need to effectively hold the line for the now and also scale in the future.”
LendingPad is a modern and mature LOS platform that is currently in use by direct lenders, credit unions, banks and originators. The company’s turnkey solution can be custom-configured to a lender’s specific business needs and automates multiple lending channels. The 100 percent web-based architecture allows for swift, easy and cost-effective implementations that provide robust functionality to support lending organizations of all types and sizes.
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