VENTURA, Calif. – Ventura County CU has implemented the end-to-end loan origination system from Lending QB.
LendingQB's end-to-end LOS platform uses a single database, which allows all of the employees at the $600 million credit union to work off of the same data. This should reduce errors and eliminate the re-keying of information.
Ventura is using LendingQB's per-closed-loan pricing model, which allows them to better manage origination costs by avoiding a flat fixed fee.
Ventura is also using LendingQB's automated underwriting system with customized investor guidelines and overlays to make loan decisions. The guidelines are maintained by LendingQB's managed services team.