New functionality centralizes decisioning for MI products and ensures accurate results

COSTA MESA, Calif., May 16, 2013 – LendingQB, an end-to-end provider of loan origination software, announced that it has implemented the mortgage insurance (MI) companies’ full set of underwriting guidelines into its automated underwriting system (AUS). As a result, MI eligibility and pricing is automatically calculated and paired with the investor’s underwriting decision for a complete and accurate decision that is rendered instantly at the point-of-sale (POS).

“One of the problems with calculating MI is that loan officers and underwriters are forced to individually visit each of the MI companies’ respective Web sites to determine eligibility and pricing, which is time consuming and error prone,” said David Colwell, vice president of corporate strategy at LendingQB. “Our proprietary AUS already houses the entire set of underwriting manuals for each investor. By implementing MI eligibility guidelines and rate cards into our decisioning engine, clients are able to quickly render an accurate decision with the click of a button—without having to bounce to other applications. This makes it a breeze to shop for the best MI products and prices.”

LendingQB manages and ensures that all of the guidelines and rates are current in its AUS for MI companies Radian, MGIC, Essent and Genworth. When a decision is rendered, loan products are paired with eligible MI products along with accurate debt to income (DTI) calculations and thus correct pricing. At the POS where loan officers are talking to borrowers, they are able to easily and quickly view side-by-side comparisons for all eligible products from each of the MI companies along with best execution pricing. Underwriters working in the back office are able to simply re-run the decision to ensure accuracy.

Using the AUS, lenders have full control over which MI providers are available for pairing and also the preferred order of providers. It also reduces the number of times needed to re-run the scenario in the pricing engine, especially between products of different terms and type, which is laborious and costly.

Colwell added: “While PPE venders are able to tap into MI pricing, they cannot decision off each investors’ entire underwriting manual. Our AUS, however, is able to pull and parse credit so trade lines can be taken into account when determining eligibility and rate. So what we’re doing is determining the loan’s product eligibility and incorporating it into MI product eligibility that performs a spot on DTI calculation. Ultimately, this results in a more accurate underwriting decision and thus a higher pull through rate.”

About LendingQB
LendingQB is a Costa Mesa, California-based company that specializes in loan origination technology solutions and services for the mortgage industry. The LendingQB LOS is a 100% Web-based, true end-to-end enterprise-class loan origination platform. 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 a consultative technology assessment approach before engaging with new clients, and places a strong emphasis on the utilization of data analytics to assist lenders in leveraging business intelligence, resulting in optimized organizational performance and lowered cost per loan. For more information about LendingQB, please call 888-285-3912 or visit http://www.lendingqb.com.

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Contact: Joe Bowerbank
Profundity Communications, Inc.
1-949-378-9685
jbowerbank@profunditymarketing.com

End-to-end browser-based LOS maximizes lending productivity and drives growth

COSTA MESA, Calif., May 2, 2013 – LendingQB, a provider of seamless mortgage lending technology, announced that since implementing its end-to-end loan origination system (LOS), California-based Ventura County Credit Union (VCCU) has been able to effectively manage rapid growth, maximize productivity across operations, cut originations costs and ensure excellence in member service. Using LendingQB’s LOS, VCCU was able to double its mortgage lending volume in just a 12 month period, and this was achieved with the addition of only one new staff member.

Because LendingQB’s end-to-end LOS utilizes a single database that is native to its platform, data can be effectively controlled thus reducing errors and eliminating manual touch points using a seamlessly connected workflow. Beginning at the point-of-sale (POS) through closing and funding, LendingQB’s browser-based design consolidates all of VCCU’s lending tasks onto a single platform that creates a true end-to-end experience.

“We’re seeing a big uptick in mortgage applications from our members and we needed one platform that could cost effectively manage our growth, keep us in compliance and ensure that our level of high touch interaction with members was not compromised in any way,” said Greg Uttal, director of lending at VCCU. “LendingQB proved to empower us to do more with less, reduce our cost per loan and optimize our lending practices as well as maximize employee performance. Unlike nearly all of the LOS platforms we looked at buying, LendingQB’s was one of the few that allowed us to run our mortgage unit using only a Web browser. There is no install whatsoever, which has really made it easy to use and virtually effortless to maintain.”

Key efficiencies gained include:

• Browser-based LOS platform significantly reduced VCCU’s technology maintenance costs
• Single, all-in-one solution eliminated the previous need for additional applications
• Proprietary AUS increased VCCU’s pull-through rate with its investors to 80 – 85 percent
• Doubled mortgage lending volume in just a 12 month period, having to add only one new staff member
• Improved organizational communications and response times, resulting in better member service
• Compliance issues are immediately caught and constant audits are automatically run throughout the origination and closing processes
• Scalability and flexibility of the platform has allowed VCCU to grow at a controlled rate

“We designed our LOS to flex and scale with all types of lending organizations to automate every single area of their lending processes as they grow and change with market conditions,” said Binh Dang, president of LendingQB. “Most LOS platforms on the market today are not browser-based and cannot take organizations to the next level for the long-term. They may suffice for the now, but they do not future proof your organization. The success VCCU has had since implementing our LOS backed by actual metrics and their ability to capture more market share while easily managing growth is a testament to how advanced our system is.”

About LendingQB
LendingQB is a Costa Mesa, California-based company that specializes in loan origination technology solutions and services for the mortgage industry. The LendingQB LOS is a 100% Web-based, true end-to-end enterprise-class loan origination platform. 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 a consultative technology assessment approach before engaging with new clients, and places a strong emphasis on the utilization of data analytics to assist lenders in leveraging business intelligence, resulting in optimized organizational performance and lowered cost per loan. For more information about LendingQB, please call 888-285-3912 or visit http://www.lendingqb.com.

About Ventura Credit Union
The Ventura County Credit Union was chartered in 1950. It is the largest credit union headquartered in Ventura County, with five offices, nearly 56,000 members and $,628 million in total assets. It offers a complete line of loans, federally insured savings, 24-hour electronic access services and more. Call 1-800-339-0496 or visit www.vccuonline.net for more information.

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Contact: Joe Bowerbank
Profundity Communications, Inc.
1-949-378-9685
jbowerbank@profunditymarketing.com

Launch of end-to-end browser-based LOS lands vendor on Mortgage Technology magazine’s 2013 list

COSTA MESA, Calif., April 26, 2013 – LendingQB, a provider of end-to-end loan origination software, announced that it has been designated to Mortgage Technology magazine’s Top 50 Service provider’s list for the first time. The company attributes the value that its new loan origination system (LOS) is delivering to lending organizations as a key reason it made this year’s list.

According to the magazine, in order to make the list companies must excel in four primary criteria: drive the continued advancement of technology and services; provide a viable revenue model and value proposition to clients; offer exceptional customer service; and have a unique impact on the mortgage industry.

LendingQB's LOS platform is comprised of retail, wholesale and consumer direct point-of-sale Web portals for all lending channels; a product and pricing engine; proprietary AUS; loan processing; electronic documents, closing; secondary marketing; and interim servicing. The solution is proven to seamlessly connect workflows, eliminate manual touch points and optimize operational performance.

LendingQB’s clients report that they have realized a dramatic increase in employee productivity, a decrease in technology maintenance costs, and a reduction in the cost to originate loans. From a support standpoint, LendingQB does the heavy lifting during implementations for clients by configuring the entire LOS for them, whereas many vendors place the onus on the lender.

“Since our official launch of the platform at the end of 2011 we have experienced rapid adoption by lenders looking to upgrade their older LOSs with a solution that is truly browser-based with no software whatsoever to install,” said Binh Dang, president of LendingQB. “We’re elated that Mortgage Technology magazine has recognized the immense value we deliver to our clients.”

About LendingQB
LendingQB is a Costa Mesa, California-based company that specializes in loan origination technology solutions and services for the mortgage industry. The LendingQB LOS is a 100% Web-based, true end-to-end enterprise-class loan origination platform. 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 a consultative technology assessment approach before engaging with new clients, and places a strong emphasis on the utilization of data analytics to assist lenders in leveraging business intelligence, resulting in optimized organizational performance and lowered cost per loan. For more information about LendingQB, please call 888-285-3912 or visit http://www.lendingqb.com.

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Contact: Joe Bowerbank
Profundity Communications, Inc.
1-949-378-9685
jbowerbank@profunditymarketing.com

Webinar will explore LOS implementation failures and how lenders can avoid them

COSTA MESA, Calif., March 21, 2013 – LendingQB, a provider of end-to-end loan origination software, announced that it will be holding a free webinar on why lenders struggle to successfully implement new loan origination technology systems (LOS). The webinar will be held on March 27, 2013, at 1:00 p.m. Eastern Daylight Time.

Research reveals that 62 percent of IT projects fail to meet their schedules; 49 percent run over budget; 47 percent had higher-than-expected maintenance costs; and 41 percent failed to deliver the expected business value and ROI. Attendees of the webinar will gain firm understanding as to why this is and how lenders can avoid becoming a statistic.

"Mortgage lenders are on the hunt for new LOS platform as a way to increase efficiency and maintain compliance with new lending rules," said Linn Cook, marketing director at LendingQB. "However, there's always the risk that LOS implementations go over budget or fail entirely, costing lenders time, money and the opportunity to gain market share. We've performed extensive industry research and fully understand why this is happening and what lenders can do to achieve a well-planned, successful implementation that meets their expectations and delivers an attractive ROI."

The webinar will explore the risks associated with LOS implementations and discuss the role of web-based software, customer service and the changing dynamics of vendor-client interactions in improving LOS implementation success. A real-world case study will be offered by a lender that has been through successful LOS implementations and also observed failed projects and those that fell short of expectations or went over budget.

Webinar speakers include:

• Linn Cook, Marketing Director at LendingQB
• Lester Alitagtag, Enterprise Solutions Manager at LendingQB
• Ron Cahalan, Sales Manager at The Lending Company

Interested parties can sign up for the webinar by clicking here.

About LendingQB
LendingQB is a Costa Mesa, California-based company that specializes in loan origination technology solutions and services for the mortgage industry. The LendingQB LOS is a 100% Web-based, true end-to-end enterprise-class loan origination platform. 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 a consultative technology assessment approach before engaging with new clients, and places a strong emphasis on the utilization of data analytics to assist lenders in leveraging business intelligence, resulting in optimized organizational performance and lowered cost per loan. For more information about LendingQB, please call 888-285-3912 or visit http://www.lendingqb.com.

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Contact: Joe Bowerbank
Profundity Communications, Inc.
1-949-378-9685
jbowerbank@profunditymarketing.com

LOS ANGELES, Calif. and COSTA MESA, Calif., February 26, 2013 – LendingQB announced today that they successfully implemented their web-based, end-to-end mortgage lending platform for OGI Mortgage Bankers, a fast-growing mortgage lender based in Los Angeles, California. Within seven weeks of signing a contract, OGI was able to launch a fully configured LendingQB platform and hit the ground running. "Since I stepped in this business 25 years ago, I've never seen an implementation happen so quickly and thoroughly," said Harry Oh, president and CEO of OGI. "We made the decision to use LendingQB right before New Year's Day but we didn't expect to start using the system until after Easter. Being ahead of schedule saves us more than time and effort, it saves us money."

OGI is like many modern mortgage bankers in that they wanted to simplify their technology by replacing outdated client-installed software with a web-based system. "When we started the company in 2009, we bought a whole system – software, hardware, networking equipment – and spent an entire year getting it setup. We easily spent $20,000 on just configuration and training costs alone. Then our vendor got acquired," said Oh. "That's when we realized we had the wrong approach to technology. We're a mortgage lender, not an IT company. We don't need to own everything, including the headaches and extra costs."

In response, Oh actively looked for web-based LOS providers. Although there are only a handful of mortgage LOS vendors offering a web-based system, OGI felt it was a better long-term strategy. "We see other industries enjoying the benefits of web-based applications, so to us it's a proven model," Oh noted. "But we didn't make any compromises in order to get a web-based system. Price, quality and service still matter."

OGI selected LendingQB after a thorough evaluation process, which included testing with a live production system for an entire month. Oh cautioned that live testing was critical to their decision process. "We already went through a failed implementation so we didn't want any surprises," said Oh. "What did surprise us, however, was how quickly LendingQB handled our deployment and implementation." Oh found out that LendingQB takes all new clients through a comprehensive deployment process unlike any he's seen before. They started with a detailed workflow discussion of OGI's operations, and then provided them with an online tool to track task assignments and deployment status updates. "The day after we signed with LendingQB, their deployment team was sending us emails and scheduling meetings," Oh said. "They were involved with our implementation at the ground level, gathering information from us and making changes to our system directly."

Seven weeks later and their staff is trained and already using the platform. "When I think back to our first system and the amount of time and resources we poured into purchasing it and getting it setup, it's night and day," remarked Oh. "LendingQB is like a part of my staff. They set milestones and kept us on track and prioritized. Their organization and commitment was impressive."

About LendingQB
LendingQB is a Costa Mesa, California-based company that specializes in loan origination technology solutions and services for the mortgage industry. The LendingQB LOS is a 100% Web-based, true end-to-end enterprise-class loan origination platform. 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 a consultative technology assessment approach before engaging with new clients, and places a strong emphasis on the utilization of data analytics to assist lenders in leveraging business intelligence, resulting in optimized organizational performance and lowered cost per loan. For more information about LendingQB, please call 888-285-3912 or visit http://www.lendingqb.com.

About OGI Mortgage Bankers
Los Angeles-based OGI Mortgage Bankers, incorporated in May of 2009 and locally owned, is striving to establish itself as a premier full-service mortgage banker. The company provides access to a wide array of products and customized lending solutions, specializing in agency, government and niche residential mortgage product lines offering one of the most diversified and superior loan product portfolios while providing incomparable customer service. We are committed to being recognized as a technology-driven, one stop lender and company's foundation built on partnerships, relationships and integrity, adhering to the highest ethical lending standards. For more information visit http://www.ogiwholesale.com or call (213) 739-4332.

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Contact: Joe Bowerbank
Profundity Communications, Inc.
1-949-378-9685
jbowerbank@profunditymarketing.com

Technology approach will be unveiled at Southern Secondary Market Conference

COSTA MESA, Calif., February 7, 2013 – LendingQB, a provider of end-to-end loan origination software, announced that it will be exhibiting at the Texas Mortgage Bankers Association (TMBA) annual Southern Secondary Market Conference for the first time. The event will be held at the Marriott Woodlands Waterway Hotel and Convention Center in Houston, Texas on February 12-14, 2013.

At the conference, LendingQB plans to introduce its "You Configure vs. We Configure" technology approach to attendees, a concept that highlights the differences between Software-as-a-Service (SaaS) and traditional software vendors and how this impacts the rate of LOS implementation success. "Lenders don't spend enough time thinking about what happens after they sign a contract," said Linn Cook, marketing director at LendingQB. "They're good at evaluating vendors for features, but they don't pay enough attention to how a platform will be implemented. That's why you see a lot of delays and failures."

In general, complex software implementations go over budgets and beyond scheduled timeframes 65 percent of the time and 35 percent of projects end in outright failure. LendingQB believes that lenders end up spending anywhere between $100,000 and $500,000 in extra costs to complete implementations.

"The real problem is that many lenders simply accept this as the cost of doing business. They accept it when vendors say, 'You configure it,'" said Cook. "This is where the SaaS model makes a huge difference." Providing LOS functionality through a web-browser not only cuts IT costs, but it allows vendors to take on more of the burden of implementation, configuration and general platform maintenance. "We've never had a failed implementation," Cook noted. "The 'We Configure' approach redefines the concept of service in a way that ensures implementation success."

LendingQB will be making presentations of its 'You Configure vs. We Configure' approach at the TMBA Southern Secondary Market Conference at booth #15 in the expo hall. For more information, please contact Linn Cook at (714) 957-6335, extension 2212 or email him at lncook@lendingqb.com.

About LendingQB
LendingQB is a Costa Mesa, California-based company that specializes in loan origination technology solutions and services for the mortgage industry. The LendingQB LOS is a 100% Web-based, true end-to-end enterprise-class loan origination platform. 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 a consultative technology assessment approach before engaging with new clients, and places a strong emphasis on the utilization of data analytics to assist lenders in leveraging business intelligence, resulting in optimized organizational performance and lowered cost per loan. For more information about LendingQB, please call 888-285-3912 or visit http://www.lendingqb.com.

About Texas Mortgage Bankers Association
Since 1917, members of the Texas mortgage banking community have turned to Texas Mortgage Bankers Association for its leadership in industry education, legislative initiatives and peer interaction. Today, TMBA's purpose is still to serve the mutual interests of its members in order to preserve, enhance and advance the mortgage banking and real estate finance business in the State of Texas. In its effort to advance the Texas real estate finance industry, TMBA supports the highest professional and ethical standards of business among its members while promoting development and prosperity among the industry as a whole. TMBA members include mortgage lenders; mortgage brokers; real estate finance service providers such as title private mortgage insurance companies, and other real estate insurance providers; attorneys, etc. TMBA aims to meet the educational needs of its membership by providing up-to-date information on new publications and the development of instructional courses that expand the scope of mortgage banking. For more information, visit www.texasmba.org or call (512) 480-8622.

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Contact: Joe Bowerbank
Profundity Communications, Inc.
1-949-378-9685
jbowerbank@profunditymarketing.com

LANSDALE, Pa., January 23, 2013 – Global DMS, the leading provider of Web-based compliant valuation management software, announced that it has integrated its valuation management software with LendingQB's end-to-end, browser-based loan origination system (LOS). This integration is part of a major initiative to advance valuation compliance by tightly integrating the company's eTrac platform with LOS vendors. As a result, the entire appraisal ordering and management process becomes seamless, efficient, cost effective and fully compliant with state and federal regulations.

Without having to leave LendingQB's LOS, lenders are now able to access Global DMS' eTrac platform to handle all of their valuation needs, including automated valuations, ordering full appraisals, automated appraisal reviews, and delivery to the Uniform Collateral Data Portal (UCDP) and institutional investors. This new seamless interface establishes system-to-system transaction processing that dramatically speeds up the ordering and appraisal management process for lenders by eliminating duplicate data entry, providing real-time appraisal process status updates and robust communication functionality between lenders and their valuation vendors.

"Our interface to Global DMS' eTrac system utilizes a three-point integration to allow our clients to easily order and manage appraisals; check real-time order status; and receive completed appraisal files back into the LendingQB LOS E-Docs Platform," said Binh Dang, president of LendingQB. "Most LOS platforms and valuation software systems don't integrate seamlessly with one another, which makes it difficult for lenders and their appraisal management companies (AMCs) to share crucial data and communicate effectively."

Dang added: "Because appraisal quality and processes are highly regulated and scrutinized by federal regulators and the agencies, these issues have resulted in costly errors, longer cycle times and substantial compliance penalties. However, our new integration to Global DMS streamlines the appraisal ordering and management processes to improve effectiveness, reduce costs and mitigate the compliance risk associated with appraisals."

Company officials say that this initiative is more than technology that connects lenders to valuation products, AMCs and appraisers; it's an entire movement focused on loan quality that ensures stability of the mortgage system through sound collateral valuations.

"Due to numerous new and changing government regulations, appraisal independence has obviously become a major concern for lenders to keep apace and avoid penalties," said Vladimir Bien-Aime, chief executive officer at Global DMS. "Our solutions are proven to keep lenders in compliance, reduce costs, increase revenue, operate more efficiently and mitigate risk. Having trusted integration partners like LendingQB only provides more value for our mutual clients."

About Global DMS
Founded in 1999 and headquartered in Lansdale, Pennsylvania, Global DMS is the mortgage industry's preeminent provider of commercial and residential real estate valuation solutions catering to lenders, servicers, AMCs, appraisers and other real estate entities. The company's solution set is cost effectively delivered on a software-as-service (SaaS) transactional basis that ensures compliance adherence, reduces costs, increases efficiencies and expedites the entire real estate appraisal process. Notable is that Global DMS has retained 100% of its lender clients since its inception. The company's solutions include its eTrac valuation management platform, eTrac WebForms, Global Kinex, AVMs and the MISMO Appraisal Review System (MARS). For more information, visit the company's web site at http://www.globaldms.comor call (877) 866-2747.

About LendingQB
LendingQB is a Costa Mesa, California-based company that specializes in loan origination technology solutions and services for the mortgage industry. The LendingQB LOS is a 100% Web-based, true end-to-end enterprise-class loan origination platform. 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 a consultative technology assessment approach before engaging with new clients, and places a strong emphasis on the utilization of data analytics to assist lenders in leveraging business intelligence, resulting in optimized organizational performance and lowered cost per loan. For more information about LendingQB, please call 888-285-3912 or visit http://www.lendingqb.com.

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Contact: Joe Bowerbank
Profundity Communications, Inc.
1-949-378-9685
jbowerbank@profunditymarketing.com

New interface provides loan pricing data feeds to MCT's hedging and pipeline management platform

COSTA MESA, Calif., January 16, 2013 – LendingQB, a provider of end-to-end loan origination software, announced that its Web-based loan origination system (LOS) has been integrated with Mortgage Capital Trading's (MCT) proprietary HALO (Hedging And Loan sales Optimization) platform℠. The interface, dubbed HALO-Link ™, allows for pipeline and trade data to automatically be exchanged from LendingQB's LOS to the HALO platform.

MCT's bi-directional HALO-Link interface enables for consistent time or change-based delivery of loan pricing, trade and pipeline data from the product and pricing engine (PPE) within LendingQB's LOS directly to and from MCT's clients-specific HALO database. As a result, data the consistency from LendingQB's LOS to MCT ensures that mutual clients' pipelines of locked loans are accurately priced and optimally hedged. The new interface helps lenders realize higher profit gains from MCT's mandatory trade executions to investors.

"Lenders are increasing turning to the utilization of a hedging strategy in secondary marketing to achieve greater profitability," said David Colwell, vice president of corporate strategy at LendingQB. "The integration between our LOS and MCT's HALO-Link enables the timely delivery of data so that loans can be hedged more frequently and accurately. Eliminating manual steps in the data exchange process reduces errors, mitigates risk, saves money and ultimately drives profitable loan sales to investors. It's a win-win for our mutual customers."

"Partnering with LendingQB is a natural fit between our two platforms, and adds more value to the technology tools we already offer our clients as part of our end-to-end support services," said Curtis Richins, president of MCT. "Via this integration, it's really easy for our trading analysts to access our client's pricing data that resides in LendingQB's PPE, which gives us instant access to accurate pricing information in real-time."

About LendingQB
LendingQB is a Costa Mesa, California-based company that specializes in loan origination technology solutions and services for the mortgage industry. The LendingQB LOS is a 100% Web-based, true end-to-end enterprise-class loan origination platform. 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 a consultative technology assessment approach before engaging with new clients, and places a strong emphasis on the utilization of data analytics to assist lenders in leveraging business intelligence, resulting in optimized organizational performance and lowered cost per loan. For more information about LendingQB, please call 888-285-3912 or visit http://www.lendingqb.com.

About Mortgage Capital Trading
MCT Trading is a risk management and advisory services company providing independent analysis, training, hedging strategy and loan sale execution support to clients engaged in the secondary mortgage market. Founded in San Diego, California in May 2001, the company has expanded to include field sales and support offices in Philadelphia, Dallas, Charlotte and San Francisco. MCT is recognized as a leading provider of mortgage pipeline hedging service and currently supports more than 85 clients on the HALO (Hedging And Loan sales Optimization) Program. MCT also offers a service that effectively outsources a centralized lock desk for mortgage bankers called LockCentral. For more information, please visit www.mct-trading.com or call (619) 543-5111.

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Contact: Joe Bowerbank
Profundity Communications, Inc.
1-949-378-9685
jbowerbank@profunditymarketing.com

COSTA MESA, Calif., January 11, 2013 – LendingQB, a provider of end-to-end loan origination software, announced that its president, Binh Dang, has been named to National Mortgage Professional magazine's Top 40 Most Influential Mortgage Professionals Under 40 list.

National Mortgage Professional magazine cites individuals who make the list as being executives who continue to forge forward, lead by example, set the bar high for education, professionalism and excellence in the mortgage industry. Dang is recognized for his industry contributions in developing high-impact mortgage technology solutions for mortgage bankers, banks and credit unions.

"I am honored to be recognized as a person who is making a difference in the mortgage industry," said Dang. "My entire career has been dedicated to developing leading-edge technologies that make lending institutions more efficient and profitable. I feel privileged that the magazine has acknowledged my past and continuing efforts to better the industry by way of utilizing contemporary technology."

Mr. Dang is currently the founder and president of LendingQB, a provider of browser-based end-to-end mortgage loan origination platforms that was officially launched in 2011 and has gained rapid adoption among mortgage lenders of all types. Mr. Dang also created PriceMyLoan, a successful best-of-breed mortgage pricing engine and automated underwriting system.

Notable in 2012 is that Dang created a highly effective technology assessment and due diligence model dubbed an Enterprise Process Assessment (EPA), which is a unique approach to helping lenders make better technology decisions. In addition, Dang rolled out an enhanced LOS platform in 2012 that has been well-received and widely successful in the industry as one of the leading loan origination technology solutions.

Dang is an active member for the Mortgage Bankers Association and regional trade groups, participates in industry events, serves as an expert speaker on panels and is a regular thought leader in the mortgage media. He holds a B.S. in Computer Science from the University of California at Irvine.

About LendingQB
LendingQB is a Costa Mesa, California-based company that specializes in loan origination technology solutions and services for the mortgage industry. The LendingQB LOS is a 100% Web-based, true end-to-end enterprise-class loan origination platform. 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 a consultative technology assessment approach before engaging with new clients, and places a strong emphasis on the utilization of data analytics to assist lenders in leveraging business intelligence, resulting in optimized organizational performance and lowered cost per loan. For more information about LendingQB, please call 888-285-3912 or visit http://www.lendingqb.com.

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Contact: Joe Bowerbank
Profundity Communications, Inc.
1-949-378-9685
jbowerbank@profunditymarketing.com

Implementation of LendingQB's end-to-end LOS platform provides the foundation for efficient lending practices

COSTA MESA, Calif., December 11, 2012 – LendingQB, a provider of end-to-end loan origination software, announced that Ohio-based Consumers National Bank is successfully utilizing its Web-based loan origination system (LOS) to operate its entire mortgage lending business. LendingQB was selected specifically to launch the bank's mortgage business in April 2012. Since that time, Consumers National Bank has been able to grow its fledgling operations while keeping technology costs low and adding only minimal support staff.

Consumers National Bank made the implementation of technology a top priority before it launched its mortgage practice, opting to first implement LendingQB's end-to-end LOS as the backbone of its lending operation prior to hiring staff. This allowed the bank to work with LendingQB's implementation team to evaluate their technology and business objectives, and then configure a seamless workflow that avoided manual touch points to maximize employee productivity.

"We wanted a single platform that had the flexibility to adapt and scale with our lending practice as we expanded the business and brought on more employees," said Mike Stoffer, VP of mortgage services at Consumers National Bank. "By working with the team at LendingQB, we have been able to create a highly efficient lending process from the point-of-sale (POS) through underwriting, processing, closing and secondary marketing. My employees continue to be amazed at the power of the LendingQB system, how intuitive it is to use and how much easier it makes their jobs."

LendingQB's Edoc paperless system and seamless integrations with ComplianceEase and DocMagic allows Consumers National Bank to operate entirely within the LOS environment, automating critical processes and accelerating the flow of loan processes in an efficient manner.

"It almost seems implausible that we can do everything we need to operate our business from cradle to grave through a simple web-browser," Stoffer added. "Initial disclosures, closing documents, compliance checks, e-signatures – I've been in this business a long time and LendingQB has radically changed the way mortgage lenders are able to manage their business. Even LendingQB's support is unlike anything I've seen before. They provide a chat module that resides within the system itself so that my staff can ask questions on the spot and get a response instantly. This is the most responsive technical team I have worked with in my career and that's really made a difference. They are truly a long-term partner that listens to and works with my team."

Consumers National Bank reports that the LendingQB system has improved employee productivity and communication, provided complete visibility through detailed reporting, cut origination costs and positioned the bank well for future growth in mortgage lending. Further, LendingQB has enabled Consumers National Bank to become a 100 percent paperless operation.

"Consumers National Bank is an innovative organization dedicated to smart growth," said Binh Dang, president of LendingQB. "We worked with them to configure LendingQB to model their specific workflow. Our best practices allowed them to maximize usage of our system before they originated a single loan, which has proven to be key to their success. Now, as they grow their mortgage lending unit, they'll be able to scale at a lower cost per and provide their customers with superior service at a better price."

About LendingQB
LendingQB is a Costa Mesa, California-based company that specializes in loan origination technology solutions and services for the mortgage industry. The LendingQB LOS is a 100% Web-based, true end-to-end enterprise-class loan origination platform. 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 a consultative technology assessment approach before engaging with new clients, and places a strong emphasis on the utilization of data analytics to assist lenders in leveraging business intelligence, resulting in optimized organizational performance and lowered cost per loan. For more information about LendingQB, please call 888-285-3912 or visit http://www.lendingqb.com.

About Consumers National Bank
Consumers National Bank is an independent community bank that provides a comprehensive line of banking and other investment services to business and personal customers through its main office in Minerva, and branches in Alliance, Carrollton, Canton, East Canton, Hanoverton, Hartville, Jackson-Belden, Lisbon, Louisville, Malvern, Salem, and Waynesburg, Ohio. More information about Consumers National Bank can be accessed online at www.consumersbank.com. Member FDIC. Equal Housing Lender.

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Contact: Joe Bowerbank
Profundity Communications, Inc.
1-949-378-9685
jbowerbank@profunditymarketing.com

COSTA MESA Calif., November 29, 2012 – LendingQB, a provider of end-to-end loan origination software, announced that its president, Binh Dang, will present on a panel session entitled "Mobile Originations in a Tablet World" at SourceMedia's 14th Annual Mortgage Technology conference in Miami Beach, Florida on November 30.

According to research there are more tablets expected to be sold than PCs by 2016, more U.S. Internet users will access through their mobile device than PCs by 2015 and by 2014, almost every mobile device in the U.S. will be an Internet-enabled smart phone and an estimated 40% will use tablets.

The panel is comprised of industry technology experts that will focus discussions on top-of-mind questions and concerns for lenders that are considering mobile technology to improve efficiency and grow its origination business.

Key Topics Include:

• How are apps being used and how will they be used in the near and distant future?
• Internal use vs. external use
• Leveraging mobile tech use from other industries
• Adoption challenges
• Mobile's effect on e-mortgages
• Data security
• Cross-platform, cross-device, cross-browser
• Native vs. Web Based vs. Hybrid
• Focus on performance and scalability

Panel Moderator:

• Austin Kilgore, Managing Editor of Mortgage Technology magazine

Panel Members:

• Binh Dang, President of LendingQB
• Rob Jannotte, EVP of Product Management at Mortgage Cadence
• Jonas Moe, VP of Product Strategy at Ellie Mae
• Iavor Boyanov, COO of Lender Mobile

Session Information:

• Topic: Using Mobile Originations in a Tablet World
• Date: Friday, November 30, 2012
• Time: 8:30 a.m.-9:30 a.m. Eastern Standard Time
• Location: Trump International Beach Resort; 18001 Collins Avenue; Sunny Isles Beach, FL 33160; (305) 692-5600
• Conference Web site: www.nationalmortgagenews.com/conferences/mortgagetech

About LendingQB
LendingQB is a Costa Mesa, California-based company that specializes in loan origination technology solutions and services for the mortgage industry. The LendingQB LOS is a 100% Web-based, true end-to-end enterprise-class loan origination platform. 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 a consultative technology assessment approach before engaging with new clients, and places a strong emphasis on the utilization of data analytics to assist lenders in leveraging business intelligence, resulting in optimized organizational performance and lowered cost per loan. For more information about LendingQB, please call 888-285-3912 or visit http://www.lendingqb.com.

###

Contact: Joe Bowerbank
Profundity Communications, Inc.
1-949-378-9685
jbowerbank@profunditymarketing.com

COSTA MESA, Calif., NOVEMBER 27, 2012 – LendingQB, a provider of end-to-end loan origination software, announced that its client, Venta Financial Group, earned a spot on Mortgage Technology magazine's 2012 Top 25 Tech-Savvy Lenders and Servicers list for its wholesale and retail operation.

The magazine cites that companies named to the list have demonstrated an ongoing commitment to using technology and regularly implementing new innovations to produce marked business process improvements. In addition, the magazine evaluates how lenders and servicers are utilizing technology in ways that are exemplary for the rest of the mortgage industry.

"LendingQB's LOS is hands down the straw that stirs the drink for our lending processes, and it was definitely key in our landing a spot on Mortgage Technology magazine's coveted Top 25 list," said Jason Madiedo, CEO of Venta Financial Group. "We rely on a number of different mortgage technology vendors; however, LendingQB's browser -based end-to-end LOS is the primary component of our technology stack that helped us make the list. We're honored to join the company of distinguished, innovative, forward-thinking lenders that work to progress the residential lending industry by way of technology."

LendingQB's comprehensive platform streamlines workflows thus eliminating manual touch points, maximizing employee productivity, facilitating companywide communications, reducing cost per loan and slashing technology costs. Over the past two years, LendingQB has added to and developed its LOS to become the most contemporary, advanced platform in the mortgage industry.

About Venta Wholesale and Alterra Home Loans
Venta Wholesale opened its doors in August of 2007 and have not looked back since. Venta wholesale is a division of Venta Financial Group which houses over 150 employees. We have multiple DE underwriters, closers, lock desk and more support staff we have the manpower to help close your loans on time.

About LendingQB
LendingQB is a Costa Mesa, California-based company that specializes in loan origination technology solutions and services for the mortgage industry. The LendingQB LOS is a 100% Web-based, true end-to-end enterprise-class loan origination platform. 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 a consultative technology assessment approach before engaging with new clients, and places a strong emphasis on the utilization of data analytics to assist lenders in leveraging business intelligence, resulting in optimized organizational performance and lowered cost per loan. For more information about LendingQB, please call 888-285-3912 or visit www.lendingqb.com.

About SourceMedia
SourceMedia provides market information, including news, analysis, and insight, to the financial services and related industries, such as accounting and technology, through its publications, industry-standard data applications, seminars and conferences. SourceMedia's 750,000 worldwide clients and subscribers range from c-level executives to business-unit heads to line managers – from the front office to the middle office to the back office. The company employs more than 1,000 employees worldwide, with its headquarters in New York and offices in Chicago, Washington, DC, and London. www.sourcemedia.com..

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Contact: Joe Bowerbank
Profundity Communications, Inc.
1-949-378-9685
jbowerbank@profunditymarketing.com

COSTA MESA, Calif., November 08, 2012 – LendingQB, a provider of end-to-end loan origination software, announced that it hired David Colwell as vice president of corporate strategy. The position is a newly created role that will focus heavily on developing the company's long-term business strategy and providing strategic guidance through its current growth mode.

Colwell has more than 25 years of experience in financial services sector and possesses expertise in strategic planning, business development, enterprise optimization and transformation, top line and bottom line management, strategic alliances and M&A deal management. He has worked for several technology vendors and lenders including Wells Fargo, Mortgage Cadence, Portellus, Cap Gemini/Ernst & Young, Prudential and Loan-Score Decisioning Systems.

Most recently, Colwell was an EVP at Loan-Score Decisioning Systems where he was instrumental in building the company and successfully executing the sale of Loan-Score to Calyx Software, resulting in a significant return on investment. Before Loan-Score, he was the senior executive of strategic solutions for Portellus, an LOS and business rules management provider.

Previous to that, he was the managing partner of SDDC Group, a financial services consulting firm focused on planning, technology enablement and operations improvement, where he managed several engagements with top 25 mortgage bankers. In addition, Colwell was also the CEO of United Capital Mortgage Corporation, a correspondent lender with over 300 employees. Before United Capital, Colwell was a director at Cap Gemini & Gemini Consulting; vice president of corporate finance at Peakcok, Hislop, Staley & Given; and a senior auditor with Arthur Andersen.

"I've worked with lots of different technologies throughout my career in financial services and have seen some of the best and worst platforms," commented Colwell. "After performing thorough due diligence on LendingQB, seeing in depth demonstrations of their end-to-end LOS, speaking with numerous clients and reviewing system performance, which is backed by actual metrics, it became clear that LendingQB's technical team has engineered what I believe to be the best LOS platform in the Industry. I am excited to be a part of the LendingQB team and help take the company to the next level."

Colwell is active member for the Mortgage Bankers Association of America, regularly attends industry trade shows and conferences, serves as an expert speaker on panels and is a regular thought leader in the mortgage media. He holds a B.S. in business administration with a concentration in accounting and an M.B.A. with a concentration in finance from Arizona State University.

About LendingQB
LendingQB is a Costa Mesa, California-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 origination platform. 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 a consultative technology assessment approach before engaging with new clients, and places a strong emphasis on the utilization of data analytics to assist lenders in leveraging business intelligence, resulting in optimized organizational performance and lowered cost per loan. For more information about LendingQB, please call 888-285-3912 or visit http://www.lendingqb.com.

###

Contact: Joe Bowerbank
Profundity Communications, Inc.
1-949-378-9685
jbowerbank@profunditymarketing.com

Enterprise Process Assessment reveals flaws in lenders' LOS buying decisions

COSTA MESA, Calif., October 19, 2012 – LendingQB, an end-to-end browser-based LOS provider, revealed the results from its Enterprise Process Assessment engagements with clients and prospects, which is a workflow evaluation model designed to help lenders make objective decisions on their technology initiatives.

LendingQB developed the Enterprise Process Assessment (EPA) as a tool to help lenders fully understand the drivers that motivate technology improvement efforts. "Research shows that upwards of 65 percent of complex software implementations result in failure," said David Colwell, vice president of corporate strategy at LendingQB. "Even for implementations that do succeed, more than a third of these projects go over budget. The goal of the EPA is to help lenders avoid being one of these statistics and achieve an optimal ROI that effectively addresses the technology goals they have in mind."

LendingQB unveiled their EPA model earlier this year, and conducted a series of webinars over the summer to help lenders objectively evakuate mortgage technologies. The EPA model engages lenders through in-depth interviews with lending executives and management and is followed by detailed mapping of a lender's unique workflow, which then provides a framework for LendingQB to construct a custom survey that gathers productivity assessments from the lender's staff. A statistical analysis is then applied to identify key improvements and correlate data along with recommended technology objectives and a clear path forward roadmap.

EPA findings show that:

• Lenders tend to focus on surface-level features instead of addressing solutions to underlying problems.
• There are typically five major productivity bottlenecks that lenders try to address with new technology.
• Prioritization of features is determined using subjective methods instead of relying on objective or empirical data such as productivity improvement.
• Stakeholder input is typically gathered top-down versus bottom-up.
• Vendor evaluations focus primarily on system functionality and give less weight to system utilization.

The EPA provides lenders with a balanced and objective perspective on a vendor's technology stack and uncovers issues that are not readily apparent to management. "Even large organizations that can produce detailed RFPs aren't immune to 'feature enamored syndrome, ' or poor weighting of technology demands," noted Colwell. "We designed the EPA as an aid to existing evaluation methods. As a company that has successfully implemented systems for hundreds of financial institutions, our value to lenders is more than the systems we build. We want to contribute to a lender's success, whether they use our technology or not."

LendingQB will be holding discussions at the MBA's 99th Annual Convention & Exposition at the Hyatt Regency in Chicago, Illinois from October 21 – 24 to discuss the results of their EPA model and findings. For more information about LendingQB's EPA and the technology solutions, please contact David Colwell at (714) 957-6335, ext. 2456 or via email davidc@lendingqb.com.

About LendingQB
LendingQB is a Costa Mesa, California-based company that specializes in loan origination technology solutions and services for the mortgage industry. The LendingQB LOS is a 100% Web-based, true end-to-end enterprise-class loan origination platform. 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 a consultative technology assessment approach before engaging with new clients, and places a strong emphasis on the utilization of data analytics to assist lenders in leveraging business intelligence, resulting in optimized organizational performance and lowered cost per loan. For more information about LendingQB, please call 888-285-3912 or visit http://www.lendingqb.com.

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COSTA MESA, Calif., October 10, 2012 – LendingQB, a provider of end-to-end loan origination software, announced that its president, Binh Dang, has been named to The MReport magazine's 'Top Five Industry Lending Leaders' list.

The magazine cites individuals who make the list as being housing finance game-changers whose influence is breaking new ground and promoting innovation in the industry. Those selected are revered executives who continue to strategically move the industry forward, provide expertise and thought leadership, evangelize various issues and solutions, lead by example and demonstrate an unwavering commitment to excellence in the mortgage industry.

"I am honored to be named a Top Five Industry Lending Leader by The MReport, recognizing me for the work I have done to advance and drive the adoption of mortgage technology initiatives," said Binh Dang, president of LendingQB. "Over the years I've worked diligently to continually innovate and introduce new mortgage technology solutions that solve real business issues. My business creed is that using the right philosophy and a well-defined mission, engineering forward-thinking technology solutions effectively solves complex problems, which otherwise may take others years to identify as being a necessity."

Dang is recognized for the extensive headway he has made in developing leading-edge technology solutions in the mortgage banking industry. He is known as an experienced technologist that has dedicated his career to engineering leading software solutions built with contemporary architectures that optimize lending operations. He has a proven track record of successfully building and growing software companies in the mortgage banking industry and holds more than 15 years of experience driving the development of highly flexible and scalable mortgage technology solutions.

Dang is currently the president and founder of LendingQB, a browser-based end-to-end LOS platform, which was officially launched in 2011 and has gained rapid adoption among lenders of all types. Prior to LendingQB, he founded PriceMyLoan, a widely used best-of-breed pricing engine and AUS. Before that, he was the director of information technology at TrueLink, a technology company that built the first web-based underwriting system.

Dang is a member for the Mortgage Bankers Association of America, serves as an expert speaker on panels, and is a regular thought leader in the mortgage media. He received a B.S. in Computer Science from the University of California, Irvine.

About LendingQB
LendingQB is a Costa Mesa, California-based company that specializes in loan origination technology solutions and services for the mortgage industry. The LendingQB LOS is a 100% Web-based, true end-to-end enterprise-class loan origination platform. 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 a consultative technology assessment approach before engaging with new clients, and places a strong emphasis on the utilization of data analytics to assist lenders in leveraging business intelligence, resulting in optimized organizational performance and lowered cost per loan. For more information about LendingQB, please call 888-285-3912 or visit http://www.lendingqb.com.

###

Contact: Joe Bowerbank
Profundity Communications, Inc.
1-949-378-9685
jbowerbank@profunditymarketing.com

LendingQB's LOS users gain seamless access to DocMagic's document preparation solution

COSTA MESA, Calif., September 25, 2012 – LendingQB, a provider of end-to-end loan origination software, announced that they completed a seamless interface with DocMagic's document production and compliance technology. The integrated solution provides users working in LendingQB's loan origination system (LOS) with seamless access to DocMagic's document preparation functionality. The companies partnered to make the process of ordering, sending, signing and receiving compliant mortgage documents as effortless as possible.

The new interface completely embeds DocMagic's functionality within LendingQB's LOS, preventing users from ever having to leave the environment in which they are accustomed to working in --- LendingQB. All activities, from selecting document packages to auditing data, occurs in LendingQB's centralized database, eliminating the need to re-key information and potential loan data mismatches, thus ensuring accuracy and compliance with all state and federal regulations.

The most impressive feature of the seamless interface, however, is the addition of DocMagic's eDelivery and eSign features. Using this part of DocMagic's solution, borrowers are able to conveniently, expeditiously and accurately sign documents electronically using DocMagic's technology. Once signed, DocMagic instantly places all documents into LendingQB's electronic document management system.

"Many LOS integrations that are completed today are not truly seamless and at one point force users to leave the LOS and perform actions such as data touch up and package ordering within the document provider's system, without any data going back into the lender's LOS," remarks Steve Ribultan, director of business development at DocMagic. "While this method works, it isn't ideal. On the other hand, the tight integration we have with LendingQB allows lenders to generate accurate compliant documents the first time---every time---while remaining in their native system of record, thus ensuring data consistency."

Binh Dang, president of LendingQB, noted: "Metrics that we track in our system revealed that people were spending entirely too much time keying data and changing loan information in the document provider's system, and then having to go back and reconcile the data in our LOS. This might amount to just a few minutes of effort per loan, but when calculated across multiple users and loan files, it becomes a substantial loss of productivity. This loss of time and inefficiency was the impetus for us to accomplish a better way to order mortgage documents."

Dang added: "The interface we developed with DocMagic aids in our goal of cutting clients' loan production labor costs in half. Without the interface, there's a lot of wasted, non-value-added activity that transpires with every loan. By leveraging DocMagic's innovative eDelivery and eSign technology, we'll quickly achieve our goal."

About LendingQB
LendingQB is a Costa Mesa, California-based company that specializes in loan origination technology solutions and services for the mortgage industry. The LendingQB LOS is a 100% Web-based, true end-to-end enterprise-class loan origination platform. 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 a consultative technology assessment approach before engaging with new clients, and places a strong emphasis on the utilization of data analytics to assist lenders in leveraging business intelligence, resulting in optimized organizational performance and lowered cost per loan. For more information about LendingQB, please call 888-285-3912 or visit http://www.lendingqb.com.

About DocMagic
Founded in 1988 and headquartered in Torrance, Calif., DocMagic, Inc. develops software, processes and web-based systems for the production and delivery of compliant loan document packages. DocMagic guarantees and warrants that all agency forms are up to date and in compliance with GSE requirements. The company's compliance experts and in-house legal staff constantly monitor legal and regulatory changes at both the federal and state levels to ensure accuracy. For more information on DocMagic, visit www.docmagic.com.

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Uptick in mortgage applications prompts credit union to seek single platform to manage growth and elevate member service

COSTA MESA, Calif., September 6, 2012 – LendingQB, a provider of seamless mortgage lending technology, announced that 3Rivers Federal Credit Union, based in Fort Wayne, Indiana, has selected its Web-based end-to-end loan origination system (LOS). The platform is being configured to streamline 3Rivers' unique workflow and internal processes in all areas of its mortgage lending business; thus eliminating unnecessary manual touch points, improving communications, reducing cost per loan and ultimately enhancing member service levels.

"We were previously using one of the better-known origination systems in the industry but found that we needed a more advanced, scalable platform that could help us grow and make originating, underwriting, closing and servicing loans for our members a seamless process that required less staff intervention," explained Jeff Meyer, president and CEO of 3Rivers . "The level of automation we can achieve with LendingQB's solution empowers our team to quickly and smoothly work with numerous applications, instantly underwrite those loans using their proprietary Automated Underwriting System and keep our members constantly updated on their loan status. As we expand, our continued success in lending is all about maintaining the highest standards in member service; we expect LendingQB's technology to be instrumental in accomplishing this."

LendingQB's end-to-end LOS platform resides entirely in the Cloud and is delivered on a software-as-a-service (SaaS) basis to 3Rivers. As a result, the implementation is speedy, system maintenance costs become virtually nonexistent and software updates are instant and not disruptive to operations. The transparency of the platform's ability to seamlessly configure and connect workflows delivers newfound visibility for 3Rivers' team members and ease of communication between critical lending functions/areas. In addition, LendingQB will transform 3Rivers into a completely paperless organization with centralized reporting and key performance indicators (KPIs) for management's oversight. Upfront disclosures, constant real-time compliance audits and closing documents are all included in LendingQB's pay per closed loan pricing model.

"As credit unions continue to capture market share in residential lending, they began to outgrow older LOSs that worked well for originating fewer loans, but with the recent spike in volume, an instant need was created for them to implement a sophisticated enterprise-class system that can grow and flex with their lending business," said Binh Dang, president of LendingQB. "Our SaaS-based LOS will finely tune 3Rivers' operations, facilitate visibility, reduce errors, speed up turn times and adhere to compliance regulations.

About LendingQB
LendingQB is a Costa Mesa, California-based company that specializes in loan origination technology solutions and services for the mortgage industry. The LendingQB LOS is a 100% Web-based, true end-to-end enterprise-class loan origination platform. 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 a consultative technology assessment approach before engaging with new clients, and places a strong emphasis on the utilization of data analytics to assist lenders in leveraging business intelligence, resulting in optimized organizational performance and lowered cost per loan. For more information about LendingQB, please call 888-285-3912 or visit http://www.lendingqb.com.

About 3Rivers
Since 1935, 3Rivers has led the way in providing value to those we serve – individuals, small businesses and our communities of Northeast Indiana and Northwest Ohio. Being a progressive industry leader with a solid track record is a continuing result of our mission: Helping people understand money matters every day. Over 68,000 members strong, 3Rivers grows meaningful relationships through personalized and simple solutions, 365.24.7 convenience via a world of options, and a solid, caring team focused on your long term success. Visit the company's website at www.3riversfcu.org or call (260) 490-8328.

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Contact:Joe Bowerbank
Profundity Communications, Inc.
1-949-378-9685
jbowerbank@profunditymarketing.com

Webinars will provide lenders with insight on how to optimize their lending workflows across operations

COSTA MESA, Calif., August 28, 2012 – LendingQB, a provider of seamless mortgage lending technology, announced it will be holding two educational webinars that address how lenders should develop an analytical approach to identify hidden problems in their lending processes and technology weaknesses, helping them make informed decisions on which technologies will have the biggest impact on profitability.

The webinars largely focus on how to perform an analysis of a lender's operations, workflows and existing technologies to arrive at a strategy that will reduce cost per loan, maximize employee productivity, remove manual touch points, eliminate unnecessary applications, increase profitability and optimize enterprise-wide performance.

LendingQB will introduce its Enterprise Process Assessment (EPA), which is a complementary holistic, in-depth review and discovery process of a lender's specific lending workflow. The EPA dissects every step of the loan life cycle from the moment an originator engages with a borrower to when the loan is sold on the secondary market. A comprehensive report is then provided to lenders on how to achieve their technology goals.

"We constantly see lenders challenged to make intelligent, strategic technology decisions that are business-critical to both their short and long-term growth and profitability," said Binh Dang, president of LendingQB. "The webinars we put together are all about helping lenders fully understand the real impact of how technology can positively or negatively impact their bottom line using established metrics. Attendees have a solid starting point to initiate this type of evaluation process."

Topics include:

• An overview of the mortgage technology challenges lenders face in today's market;
• Using metrics to achieve a high ROI;
• The importance of a seamless workflow;
• How to reduce cost per loan and increase profitability;
• Identifying vaporware and avoiding feature-based buying traps;
• Technology buying pitfalls to look out for.

Two sessions will be offered on Wednesday, September 12th, 2012. Session 1 starts at 1:30 p.m. EDT (click here to register for Session 1) and Session 2 starts at 4:30 p.m. EDT (click here to register for Session 2). For additional information contact LendingQB at 888-285-3912, info@lendingqb.com, or by visiting www.lendingqb.com.

About LendingQB
LendingQB is a Costa Mesa, California-based company that specializes in loan origination technology solutions and services for the mortgage industry. The LendingQB LOS is a 100% Web-based, true end-to-end enterprise-class loan origination platform. 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 a consultative technology assessment approach before engaging with new clients, and places a strong emphasis on the utilization of data analytics to assist lenders in leveraging business intelligence, resulting in optimized organizational performance and lowered cost per loan. For more information about LendingQB, please call 888-285-3912 or visit http://www.lendingqb.com.

###

Contact: Joe Bowerbank
Profundity Communications, Inc.
1-949-378-9685
jbowerbank@profunditymarketing.com

Seamless lending technology to reduce credit union's cost per loan and position for growth

COSTA MESA, Calif., August 21, 2012 – LendingQB, a provider of seamless mortgage lending technology, announced that California-based Ventura County Credit Union (VCCU) has successfully implemented its end-to-end browser-based loan origination system (LOS). VCCU is using LendingQB's LOS platform to effectively manage growth, ensure excellence in member service and cut originations costs.

"We are currently in a growth mode and needed a platform that could flex and scale with us as we expand the mortgage side of our business," said Greg Uttal, director of lending at VCCU. "Attractive to us was LendingQB's ability to move loans effortlessly through our entire workflow, eliminating many manual touch points so our employees are more productive and can devote more time to member service. Further, the efficiency LendingQB's workflow management will reduce our cost per loan and thus enable us to offer better pricing to our members."

Because LendingQB's all-in-one LOS platform uses a single database, VCCU's employees all work off of the same data, reducing errors and eliminating the re-keying of information. This speeds up the entire lending process from the point of first borrower contact through underwriting, processing, closing, funding and secondary marketing. VCCU is taking advantage of LendingQB's per closed loan pricing model, which allows them to better manage origination costs by avoiding a flat fixed fee.

Uttal added: "LendingQB's support team is hands down the most responsive I have ever dealt with in my mortgage career. They always pick up the phone and address any questions or issues we have. Moreover, LendingQB built in an instant chat feature that allows our staff to ask questions as a technical support representative takes control of the user's screen and resolves the issue. The instant chat response time is only about 30 seconds; I don't know any vendor in the industry that can do that."

"Credit unions have been capturing an increasing amount of market share of late and are currently experiencing rapid growth in the mortgage lending area," said Binh Dang, president of LendingQB. "As a result of this uptick in volume, they quickly developed a need for technology that can efficiently manage credit unions' unique lending operations and still maintain high levels of member service, which is largely what attracts members to doing business with them. After our SaaS-based implementation was completed, VCCU was able to immediately automate every single area of their lending process, which has provided complete visibility and improved employee communications, among other improvements."

VCCU also utilizes LendingQB's automated underwriting system (AUS) to decision loans, complete with customized investor guidelines and overlays. Guidelines are maintained by LendingQB's managed services team, thus removing the onus of constant change management from VCCU resources. LendingQB's AUS is fully integrated with its LOS.

About LendingQB
LendingQB is a Costa Mesa, California-based company that specializes in loan origination technology solutions and services for the mortgage industry. The LendingQB LOS is a 100% Web-based, true end-to-end enterprise-class loan origination platform. 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 a consultative technology assessment approach before engaging with new clients, and places a strong emphasis on the utilization of data analytics to assist lenders in leveraging business intelligence, resulting in optimized organizational performance and lowered cost per loan. For more information about LendingQB, please call 888-285-3912 or visit http://www.lendingqb.com.

About Ventura Credit Union
The Ventura County Credit Union was chartered in 1950. It is the largest credit union headquartered in Ventura County, with five offices, nearly 53,000 members and $605 million in total assets. It offers a complete line of loans, federally insured savings, 24-hour electronic access services and more. Call 1-800-339-0496 or visit www.vccuonline.net for more information.

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Contact: Joe Bowerbank
Profundity Communications, Inc.
1-949-378-9685
jbowerbank@profunditymarketing.com

Company recognized for its end-to-end LOS engineered with a completely seamless lending workflow

COSTA MESA, Calif., August 20, 2012 – LendingQB, a provider of seamless Web-based mortgage lending technology, has been selected by SourceMedia's Mortgage Technology magazine as a finalist for its "Release of the Year" award. LendingQB's innovative engineering of its Web-based end-to-end loan origination system (LOS) – and what it has accomplished for lenders – resulted in the company being named one of the three finalists for the award, which "recognizes a new software, platform, alliance or initiative that's expected to have the broadest future impact on the mortgage industry."

LendingQB became a finalist for Release of the Year for its LOS' ability to seamlessly connect a lender's entire workflow. The platform is proven to eliminate manual touch points, reduce cost per loan, maximize employee productivity, increase profitability and eradicate unnecessary applications thus cutting technology costs.

LendingQB was originally released in 2003 under the moniker "Lender's Office." Over the years, the company and its products have gone through several iterations; in 2004, the company launched its PriceMyLoan automated underwriting and loan pricing engine to much success. The company continued developing Lender's Office, adding key components until they achieved a single, end-to-end system that seamlessly connects workflows that encompass the entire life cycle of a mortgage loan. Rebranded in late 2011, LendingQB is proud to be considered for the Release of the Year award.

"We've finally achieved our goal of presenting a completely seamless, end-to-end system for mortgage lenders," said Binh Dang, president of LendingQB. "We stayed patient and invested our time, resources and money wisely to ensure that the enhanced platform we brought to market is not only comprehensive, but is very easy for people to use. Our goal is to provide technology solutions that have a real impact on the way mortgage lenders run their business backed by metrics. To be recognized by SourceMedia for our efforts is truly an honor."

About LendingQB
LendingQB is a Costa Mesa, California-based company that specializes in loan origination technology solutions and services for the mortgage industry. The LendingQB LOS is a 100% Web-based, true end-to-end enterprise-class loan origination platform. 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 a consultative technology assessment approach before engaging with new clients, and places a strong emphasis on the utilization of data analytics to assist lenders in leveraging business intelligence, resulting in optimized organizational performance and lowered cost per loan. For more information about LendingQB, please call 888-285-3912 or visit http://www.lendingqb.com.

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Contact: Joe Bowerbank
Profundity Communications, Inc.
1-949-378-9685
jbowerbank@profunditymarketing.com

Interface allows approved lenders to cost effectively determine eligibility on Ginnie Mae loans

COSTA MESA, Calif., August 9, 2012 – LendingQB, a provider is seamless mortgage lending technology, announced today that its PriceMyLoan automated underwriting systems (AUS) interface with the Federal Housing Administration's (FHA) TOTAL Scorecard platform can be utilized to decision and sell loans direct to Ginnie Mae. LendingQB's PriceMyLoan AUS became a HUD approved system by which to underwrite FHA loans in 2010.

Ginnie Mae issuers can utilize LendingQB's interface with TOTAL Scorecard in one of two ways. First, if a lender has already implemented and is actively using LendingQB's AUS to underwrite all types of loans, they also have automatic access to the interface and can begin using it immediately. Second, if a lender is not already using LendingQB's platform, Web services are available to allow them to access the interface from within their existing loan origination system (LOS) without having to purchase any additional software.

"Ginnie Mae issuers represent a sizable portion of the FHA market and are continuing to play a vital role in originating quality FHA loans," said Binh Dang, president of LendingQB. "Lenders that are interested in taking advantage of our AUS' interface with TOTAL Scorecard can seamlessly connect to our platform to return instant, accurate decisioning on FHA products. Our offering provides lenders with another option to efficiently and cost effectively underwrite FHA loans that are specific to Ginnie Mae issuers."

LendingQB's platform is is completely Web-based and is comprised of LO, broker, and consumer direct point-of-sale Web portals for all lending channels; product and pricing engine; PriceMyLoan AUS; loan processing; electronic documents, closing; secondary marketing; and interim servicing. LendingQB also accompanies business intelligence (BI) and data analytics functionality along with detailed reporting that helps lenders locate and translate their data into actionable information, enabling them to make informed business decisions that establishes a competitive advantage and leads to greater profitability.

To learn more about the solution, interested parties can contact David Colwell via email at davidc@lendingqb.com or by phone (949) 357-5664.

About LendingQB
LendingQB is a Costa Mesa, California-based company that specializes in loan origination technology solutions and services for the mortgage industry. The LendingQB LOS is a 100% Web-based, true end-to-end enterprise-class loan origination platform. 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 a consultative technology assessment approach before engaging with new clients, and places a strong emphasis on the utilization of data analytics to assist lenders in leveraging business intelligence, resulting in optimized organizational performance and lowered cost per loan. For more information about LendingQB, please call 888-285-3912 or visit http://www.lendingqb.com.

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Contact: Joe Bowerbank
Profundity Communications, Inc.
1-949-378-9685
jbowerbank@profunditymarketing.com

Recent launch of new enterprise-class platform results in a dozen enterprise deals

COSTA MESA, Calif., July 24, 2012 – LendingQB, a provider of seamless Web-based mortgage lending technology, announced that it had a banner second quarter, signing twelve new clients, which are either already in production or in the midst of implementation. New clients include mortgage bankers, community banks and credit unions, illustrating the platform's ability to serve all types of mortgage lending institutions.

Customers that are in production with LendingQB's end-to-end loan origination system (LOS) report that they have been able to immediately eliminate the need for multiple systems, cut technology costs by up to 50 percent and reduce the cost to originate loans by as much 30 percent. LendingQB has accomplished these goals by emphasizing a seamless workflow that eliminates non-value added activities through automation. Examples of this include automated underwriting, business rule automation and lights-out integrations to select third-party vendors. LendingQB unifies all mortgage lending activities on a single database of record, enabling higher level functions such as rapid generation of management reports and internal communication. The entire platform is web-based and accessed through a common web browser, making it highly scalable and extremely efficient to deploy.

"We're seeing a rapid growth in our pipeline since we introduced LendingQB late last year," said Binh Dang, president of LendingQB. "There's a real movement among mortgage lenders to switch their LOS platforms. Dissatisfaction with service and the uncertainty of the longevity of their vendors are part of the reason. But there's also a real desire for technology advancement; lenders are treating their business in a more sophisticated manner, especially in regards to quality control and business analytics. They want a level of technology sophistication that matches their desire to grow efficiently as the mortgage industry recovers. We're glad that these new clients recognize the value we bring to their business."LendingQB's platform is comprised of LO, TPO, and consumer direct point-of-sale Web portals for all lending channels; the PriceMyLoan pricing engine and automated underwriting system (AUS); loan processing; electronic documents, closing; secondary marketing; and interim servicing. All functions are incorporated into a seamless workflow. Another unique difference, is that the LendingQB LOS incorporates business intelligence (BI) and data analytics functionality along with detailed reporting that helps lenders locate and translate their data into actionable information, enabling them to make informed business decisions that establishes a competitive advantage and leads to greater profitability.

About LendingQB
LendingQB is a Costa Mesa, California-based company that specializes in loan origination technology solutions and services for the mortgage industry. The LendingQB LOS is a 100% Web-based, true end-to-end enterprise-class loan origination platform. 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 a consultative technology assessment approach before engaging with new clients, and places a strong emphasis on the utilization of data analytics to assist lenders in leveraging business intelligence, resulting in optimized organizational performance and lowered cost per loan. For more information about LendingQB, please call 888-285-3912 or visit http://www.lendingqb.com.

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Contact: Joe Bowerbank
Profundity Communications, Inc.
1-949-378-9685
jbowerbank@profunditymarketing.com

Seamless integration catches compliance issues early in the origination process

COSTA MESA, Calif., June 26, 2012 – LendingQB, a provider of seamless mortgage lending technology, announced that it completed an integration with ComplianceEase, the leading provider of mortgage compliance and risk management solutions. LendingQB integrated ComplianceEase's ComplianceAnalyzer® product with its end-to-end loan origination system (LOS). The solution automatically runs continuous real-time audits throughout the origination lifecycle of the loan to ensure compliance with federal, state, and municipal consumer credit regulations.

Using this unique integration, lenders can conduct compliance audits as early as the point-of-sale (POS), thus catching and addressing compliance issues much sooner in the origination process to save time and money. Most systems initiate compliance audits closer to the loan closing process, rather than at the POS where loan officers work. What's more, LendingQB and ComplianceEase have enhanced the integration so that audits automatically run behind the scenes in real-time up until the point the loan closes. While most mortgage compliance checks must be initiated manually, this integration is automatic and requires no human intervention.

Also unique to the integration is that it's completely transparent to users working in LendingQB's Web-based LOS platform. Whether it's a loan officer, processor, compliance officer or closing agent, employees never have to leave the application they are accustomed to using. As a result, the lending workflow remains seamless and disruptions and manual interventions are eliminated.

"At LendingQB, we are ultra-focused on making the lending workflow truly seamless to eliminate manual touch points and the need to jump to another application to complete various tasks," said Binh Dang, president of LendingQB. "We're very selective about our integration partners; we wanted to take full advantage of the Web services that ComplianceEase developed so we could achieve absolute transparency. With this integration, a user doesn't need to remember to run checks because ComplianceAnalyzer is always running in the background. We invested significant development resources to achieve this level of integration."

"These days, it's not common for mortgage lenders to implement compliance checks continuously throughout the origination process," said Jason Roth, senior vice president of ComplianceEase. "The integration that we developed with LendingQB takes compliance assurance to a new level. The audits are seamless within the LOS, performed much earlier in the origination process, and constantly executed without the need for users to think about them."

About LendingQB
LendingQB is a Costa Mesa, California-based company that specializes in loan origination technology solutions and services for the mortgage industry. The LendingQB LOS is a 100% Web-based, true end-to-end enterprise-class loan origination platform. 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 a consultative technology assessment approach before engaging with new clients, and places a strong emphasis on the utilization of data analytics to assist lenders in leveraging business intelligence, resulting in optimized organizational performance and lowered cost per loan. For more information about LendingQB, please call 888-285-3912 or visit http://www.lendingqb.com.

About ComplianceEase®
ComplianceEase, a division of LogicEase Solutions Inc., headquartered in the Silicon Valley region of San Francisco Bay Area, is a leading provider of risk management solutions to the financial services industry. ComplianceEase's patented platform includes ComplianceAnalyzer® - the mortgage industry's most adopted automated compliance solution. ComplianceEase combines industry and regulatory compliance expertise with innovative technology to power end-to-end risk management solutions to assist financial institutions achieving regulatory compliance, mitigating operational risk, improving efficiencies and enhancing profitability. ComplianceEase's significant and growing client base includes four of the top five mortgage lenders in the nation, financial institutions, service providers, law firms, and regulators. ComplianceEase's automated compliance solutions have been adopted as e-Exam tools by state banking and mortgage regulators, through the Conference of State Bank Supervisors. For more information visit ComplianceEase.com or call 1.866.212.Ease.

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Contact: Joe Bowerbank
Profundity Communications, Inc.
1-949-378-9685
jbowerbank@profunditymarketing.com

Luke Chen
ComplianceEase
1-949-713-0388
l.chen@ComplianceEase.com

Paper provides guidance on technology evaluations and purchases

COSTA MESA, Calif., May 30, 2012 – LendingQB, a provider of seamless mortgage lending technology, announced that it published the availability of a free white paper designed for lenders that are considering replacing their loan origination system (LOS). The paper addresses the challenges lenders face when evaluating mortgage technologies and outlines a strategy to assess their existing technology weaknesses, identifying areas for improvement.

Entitled "The Five Steps to Making Better Technology Decisions," the white paper recommends conducting an Enterprise Process Assessment (EPA) of lending operations and workflows. According to the paper, all too often lenders buy technology predominantly based on features, failing to perform a critical deep dive analysis of their workflow to effectively model and measure process enhancements using standards and best practices.

The white paper stresses that before buying technology, lenders must establish an objective, well-defined, comprehensive process in order to overcome the many challenges associated with complex technology evaluations. Executing an EPA provides a clear understanding of and roadmap for how to select technology that reduces cost per loan, improves profitability, maximizes employee productivity and decrease the number of manual touch points throughout the workflow.

Key points in the white paper:

• Overview of the mortgage technology challenges lenders face in today's market
• Determining the technology lenders really need, avoiding what they don't need
• How to arrive at an evaluation readiness checklist
• Identifying vaporware and avoiding feature buying traps
• Using metrics to achieve a high ROI
• The importance of a seamless workflow
• How to reduce cost per loan and increase profitability

Interested parties can download the free white paper from LendingQB's website at www.lendingqb.com

About LendingQB
LendingQB is a Costa Mesa, California-based company that specializes in loan origination technology solutions and services for the mortgage industry. The LendingQB LOS is a 100% Web-based, true end-to-end enterprise-class loan origination platform. 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 a consultative technology assessment approach before engaging with new clients, and places a strong emphasis on the utilization of data analytics to assist lenders in leveraging business intelligence, resulting in optimized organizational performance and lowered cost per loan. For more information about LendingQB, please call 888-285-3912 or visit http://www.lendingqb.com.

###

Contact: Joe Bowerbank
Profundity Communications, Inc.
1-949-378-9685
jbowerbank@profunditymarketing.com

Implementation of single system drives profit maximization and cost reductions

COSTA MESA, Calif., May 23, 2012 – LendingQB, a provider of seamless mortgage lending technology, announced that Omega Financial Services, Inc., a retail and wholesale mortgage banker, has implemented its comprehensive Web-based loan origination system (LOS) to automate each of its business channels. LendingQB's platform will reduce Omega's cost per loan, maximize productivity across operations and decrease its existing technology costs.

Acting as an advisor to Omega, Joe Cilento, CPA, CMB, a mortgage industry veteran and consultant, guided the selection and implementation of Lending QB's LOS platform after performing a company-wide review of operations.

"I have conducted numerous mortgage technology evaluations and implementations; the rollout of LendingQB's Web-based platform was one smoothest I've been involved with," said Cilento. "The extensive level of support that LendingQB provided and their ability to easily configure tailored workflows are the main reasons Omega's implementation was so successful."

LendingQB's LOS seamlessly integrates Omega's entire workflow and lending functions to enable the straight through processing (STP) of loans. From the point-of-sale (POS) through closing and funding, LendingQB consolidates all of Omega's lending activities onto a single platform that creates a true end-to-end experience. Regardless of employees' roles, LendingQB contains Omega's users to a single database and software environment to ensure the same data is being used in different departments. The result is fewer manual touch points, which turns Omega's lending practices into a profit optimization workflow.

"We were previously using a well-known LOS that has been trying to assemble an end-to-end solution, but we found the system inadequate to handle our needs from soup-to-nuts so we began looking for a solution that could," said Armando Morell, information systems director at Omega

Financial Services, Inc. "We retained mortgage consultant Joe Cilento to help us perform the evaluation process and concluded that most LOSs try to achieve an end-to-end solution by way of integrating with multiple best-of-breed vendors because they are lacking key functionality in a number of different areas. Of all the solutions we looked at, there wasn't an all-in-one Web-based LOS on the market that could seamlessly automate every single area of the lending process like LendingQB is able to."

Once Omega's LOs and brokers run product and pricing scenarios in LendingQB's retail or broker portal, they can pull credit and the automated underwriting system (AUS) returns an instant, accurate decision that analyzes investors' entire underwriting manuals, which carries the same weight as a human underwriter's decision. The loan then seamlessly moves through Omega's workflow with minimal human intervention. Omega says the efficiencies gained using LendingQB's end-to-end LOS will optimize employee performance, reduce their cost per loan and also attract top tier sales talent. In addition, Omega's LOs, brokers and AEs can use LendingQB's mobile application for smart phones, which allows them to check rates, return product eligibility and pricing, and manage their pipeline from the field.

"Paramount to running an efficient lending operation is the seamless connection of every workflow the lender uses to eliminate unnecessary human interaction and thus improve productivity," said Binh Dang, president of LendingQB. "The only way to achieve this is to implement an all-in-one platform that uses a single database and is discriminating with outside integrations, as too many interfaces and separate databases creates data integrity issues and hampers efficiency and accuracy."

LendingQB's platform is comprised of LO, broker, and consumer direct point-of-sale Web portals for all lending channels; product and pricing engine; proprietary AUS; loan processing; electronic documents, closing; secondary marketing; and interim servicing. LendingQB also accompanies business intelligence (BI) and data analytics functionality along with detailed reporting that helps lenders locate and translate their data into actionable information, enabling them to make informed business decisions that establishes a competitive advantage and leads to greater profitability.

About LendingQB
LendingQB is a Costa Mesa, California-based company that specializes in loan origination technology solutions and services for the mortgage industry. The LendingQB LOS is a 100% Web-based, true end-to-end enterprise-class loan origination platform. 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 a consultative technology assessment approach before engaging with new clients, and places a strong emphasis on the utilization of data analytics to assist lenders in leveraging business intelligence, resulting in optimized organizational performance and lowered cost per loan. For more information about LendingQB, please call 888-285-3912 or visit http://www.lendingqb.com.

About Omega Financial Services, Inc.
Omega Financial Services, Inc. is a full service, Non-Supervised, Multi-State Direct Residential and Commercial Lender and Wholesaler. With over 25 years of experience, Omega's goal has been to assist clients in owning a home, acquiring a business, or an investment property by offering a wide array of loan programs and giving attention to detail. The company is dedicated to connecting every client's dream of homeownership with the required financial assistance. Omega's various loan programs allow it to cater to individual needs while providing outstanding service. Omega became the ideal lender through the use of strong customer relationship management and principles rooted in an ethical foundation. For more information about Omega Financial Services, Inc. please call 908-933-0253 or visit http://www.fhaomega.com.

About Joe Cilento, CPA and CMB
Cilento Mortgage Advisory Corp. assists mortgage lenders looking to enhance product development, improve operations capabilities, implement IT and LOS systems, and improve secondary market execution. The firm provides assistance with regulatory compliance and QC practices and also represents both buyers and sellers interested in joint ventures and merger & acquisition financing. Cilento has over 25 years of experience successfully assisting companies looking to access the securities markets through direct issuances of GNMA/FNMA MBS securities. Client companies may require assistance with obtaining GNMA/FNMA approval. Services continue after agency authority is obtained and may include assistance with developing the in-house resources required to pool and issue MBS securities and become a GNMA/FNMA direct seller/servicer. For more information about Cilento Mortgage Advisory Corp., please call 203-797-8733 or visit http://www.www.joecilento.com.

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PHOENIX, Ariz., April 23, 2012 (SEND2PRESS NEWSWIRE) -- LendingQB, a provider of seamless mortgage lending technology, announced an innovative new service that helps lenders understand and measure the impact of technology on their business, which will be introduced at the MBA Technology Conference and Exposition in Phoenix, Arizona. Known as the Enterprise Process Assessment (EPA), it provides lenders with an extensive breakdown of their operations, workflows and technologies to determine a strategy to reduce cost per loan and optimize enterprise-wide performance. The assessment is provided to interested lenders without any commitment or fees.

The EPA is a holistic, in-depth analysis and discovery of a lender's unique business workflow that dissects every step of the loan life cycle from the moment an originator engages with a borrower to when the loan is sold on the secondary market. Once the assessment is complete, a detailed report is produced that contains metrics on how to reduce the cost to originate loans by optimizing workflows and operational performance. The EPA report gives lenders keen insight into their business in a way that allows them to understand the degree in which a technology and process improvement plan can impact their performance. Ultimately, the report serves as a invaluable roadmap for lenders to evaluate technology more effectively and develop business strategies by establishing measurable goals.

"If after conducting the EPA, a lender should happen to engage with us, then we're armed with the necessary information to configure and implement our platform to seamlessly connect their entire workflow," said Binh Dang, president of LendingQB. "The sole purpose of our technology is to optimize operations, reduce cost per loan and increase employee productivity. But if it is determined that LendingQB isn't a good fit for the lender, they can still utilize our EPA report internally for areas of improvement or even to evaluate another vendor. We're completely okay with that. Put simply, the EPA is about the lender, not us and our technology platform."

The Enterprise Process Assessment is important because it defines who LendingQB is as a company. "To us, we're not a technology company," added Dang. "Technology is only a means to an end. Our focus is on solving problems for lenders using technology and business intelligence methods. The EPA provides both us and the lender with a better understanding on how to solve their problems, and at the same time, how to improve our software in ways we didn't think of before. It's a mutual learning process that yields immense value for our team and the lender."

LendingQB will be holding discussions about its EPA offering and seamless lending platform in its suite at the MBA's Technology Conference and Exposition at the Biltmore Hotel in Phoenix, Arizona.

About LendingQB
LendingQB is a Costa Mesa, California-based company that specializes in loan origination technology solutions and services for the mortgage industry. The LendingQB LOS is a 100% Web-based, true end-to-end enterprise-class loan origination platform. 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 a consultative technology assessment approach before engaging with new clients, and places a strong emphasis on the utilization of data analytics to assist lenders in leveraging business intelligence, resulting in optimized organizational performance and lowered cost per loan. For more information about LendingQB, please call 888-285-3912 or visit http://www.lendingqb.com.

###

Contact: Joe Bowerbank
Profundity Communications, Inc.
1-949-378-9685
jbowerbank@profunditymarketing.com

Mortgage banker cuts technology costs in half and reduces cost per loan by 30%

COSTA MESA, Calif., April 11, 2012 – LendingQB, a seamless mortgage lending platform, announced that iServe Residential Lending, LLC, a retail mortgage banker, has reported a dramatic increase in employee productivity, slashed technology costs, and reduced costs per loan since implementing LendingQB. iServe selected LendingQB approximately a year ago because it eliminated having to use multiple platforms, databases and integrations.

"We were previously using three different systems that were technically integrated together, but they still had a number of issues," said Michael Wilson, director of operations at iServe. "The system-to-system communication was poor, integrations often required employees to re-key data, and we had to call three different vendors when we needed technical support. This was hampering our operational performance. We came to the conclusion that we needed to look for a single provider that could efficiently do the job of these three vendors."

During the diligence process, iServe was provided with the opportunity to test drive the LOS unencumbered from that of a traditional sales-guided demo, allowing the lender to run a loan through the entire LendingQB system from start to finish. Dubbed the 'Guest Suite Invitation,' lenders are able to work with the solution in an isolated environment to ensure it meets their specific needs.

"Working successfully in LendingQB's Guest Suite Invitation empowered us with the insight to ensure the platform would work for us," said Wilson. "Immediately after implementing LendingQB, we were able to completely eliminate any re-keying of data, realize greater employee productivity via tighter workflows, and work towards being paperless in the same system. This reduces our cost per loan by an estimated 30% and optimizes every single area of our lending practice, from origination through secondary marketing and interim servicing. The improved communications and data integrity of being on one platform has substantially improved our operations."

"We don't consider ourselves to be just another loan origination system (LOS) vendor that loosely uses the 'end-to-end' buzzword," said Binh Dang, president of LendingQB. "We like to move away from this overused term and instead refer to our platform for what it really is --- a seamlessly connected profit optimization system that is focused on the lender's business first and foremost. The bottom line should be the bottom line. We advise our clients on how to develop their workflows to reduce cost per loan and increase productivity. That's how we help clients 'win the lending game' in ways they never knew were possible. Sure, our platform is end-to-end, but it's also much more."

Key to the LendingQB platform:

• 100% Web-based platform delivered as SaaS and residing in the cloud environment reduces hard technology costs by 70%
• All-in-one platform eliminates many feeble best-of-breed integrations, lowering cost per loan by 25 – 30%.
• Built-in AUS increases pull-through rate by 40% or more
• Seamlessly connected workflows and transparency for all lending functions
• Single database eliminates the errors associated with the re-keying of data and the system-to-system communication issues often encountered when using multiple platforms
• Proven to reduce cost per loan, increase productivity and optimize operations
• Sophisticated analytics that utilizes a lender's data to drive business intelligence (BI)
• Responsive customer service and development
• Highly scalable, flexible and configurable

Notable is that LendingQB was introduced to the marketplace in December of 2011, but select lenders have been successfully using the platform while LendingQB continued to add ancillary functionality in preparation for its formal launch. Clients were instrumental in working closely with LendingQB to perfect the platform as an all-in-one solution that automates the entire lending process. The result was a tested, tried and true 100% Web-based platform that seamlessly connects all lending workflows with complete transparency.

About LendingQB
LendingQB is a Costa Mesa, California-based company that specializes in loan origination technology solutions and services for the mortgage industry. The LendingQB LOS is a 100% Web-based, true end-to-end enterprise-class loan origination platform. 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 a consultative technology assessment approach before engaging with new clients, and places a strong emphasis on the utilization of data analytics to assist lenders in leveraging business intelligence, resulting in optimized organizational performance and lowered cost per loan. For more information about LendingQB, please call 888-285-3912 or visit http://www.lendingqb.com.

About iServe Residential Lending, LLC
iServe Residential Lending, LLC is a multi-state residential mortgage banker. iServe Residential Lending, LLC is a U.S. Department of Housing and Urban Development (HUD) approved, Federal Housing Administration (FHA) lender with direct endorsement (DE) authority. iServe originates FNMA/FHLMC conforming, FHA, VA, USDA and Jumbo loans through their retail branch offices. For more information see: http://www.iservelending.com.

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Holt Crowder and Brian Smith join LendingQB to help launch new LOS

COSTA MESA, Calif., March 13, 2012 – LendingQB, a true enterprise-class end-to-end Web-based loan origination system (LOS), today announced the addition of Holt Crowder and Brian Smith to its business development team. Both new hires will be dedicated to introducing the new LendingQB LOS to the mortgage industry.

"We are excited about Holt and Brian joining our team to help launch the LendingQB platform," said Binh Dang, president of LendingQB. "We've spent the last couple of years operating in an R&D mode to engineer a one-of-a-kind end-to-end LOS that delivers functionality and value above and beyond anything that is commercially available on the market today. Holt and Brian will play a major role in demonstrating to lenders why our enterprise-class LOS is unlike any other. Their knowledge and experience working in the mortgage technology space is why we brought them on board; I'm confident they'll be major contributors to our growth."

Holt will be responsible for managing new opportunities with banks, credit unions and lenders in an outside sales capacity. Holt brings more than 20 years of experience to LendingQB having worked at mortgage banks, mortgage technology providers and as a consultant. He has held various positions at Loan-Score Decisioning Systems, Mortgage Cadence, Portellus, PCLender, Paramount Residential Mortgage Group, Aames Home Loans, NovaStar, PHH Mortgage and others.

Brian will manage the upfront sales process working with prospective clients to communicate LendingQB's value proposition. He has experience working at mortgage technology providers Loan-Score Decisioning Systems and Loan-Sifter. While at Loan-Score, Brian was instrumental in building a book of business that grew the company's client base at a rapid rate, which helped make it attractive for acquisition by Calyx Software, Inc. in 2010.

LendingQB was in development and testing for several years, and is now being successfully implemented at mortgage banks that are realizing enterprise-wide efficiencies and greater profitability.The platform was officially launched in December of last year and has experienced a significant amount of attention as a result of its unique features and capabilities, which lenders cannot take advantage of with using other older LOSs.

About LendingQB
LendingQB is a Costa Mesa, California-based company that specializes in loan origination technology solutions and services for the mortgage industry. The LendingQB LOS is a 100% web-based, true end-to-end enterprise-class loan origination platform. 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 a consultative technology assessment approach before engaging with new clients, and places a strong emphasis on the utilization of data analytics to assist lenders in leveraging business intelligence, resulting in optimized organizational performance and lowered cost per loan. For more information about LendingQB, please call 888-285-3912 or visit http://www.lendingqb.com

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Contact: Joe Bowerbank
Profundity Communications, Inc.
1-949-378-9685
jbowerbank@profunditymarketing.com

The two companies partnered and tightly integrated FirstClose Title's instant GFE quoting technology into LendingQB's loan origination system.

COSTA MESA, California and AUSTIN, Texas – February 6, 2012 – LendingQB and FirstClose Title announced today a partnership that combines instant 'cash to close' quotes with real-time automated underwriting and loan pricing all within a unified loan origination platform. The integration enables mortgage lenders to reduce closing costs for borrowers and simulatenously populate guaranteed GFE data within the LendingQB loan origination system.

FirstClose Title is a national provider of title services with a unique business model. They compare rates from a wide range of major underwriters and provide the lowest price to borrowers and lenders in a transparent manner. "We actively seek out best pricing among major underwriters to deliver pure, unaltered comparative rate quotes," said Cynthia Waterman, president and CEO of FirstClose Title. "This allows us to present quotes which average $500 to $1000 below competing GFE quotes, providing lenders with a 'cash to close' advantage that makes their offer more competitive and secures a relationship with a potential borrower more quickly."

The integration between LendingQB and FirstClose Title makes it easy for lenders to generate a GFE quote directly within the LendingQB loan origination system. Lenders can quickly retrieve quotes for title insurance, settlement charges, recording charges, and transfer taxes and automatically populate the data to the GFE on their loan file. Lenders can save between 15 and 30 minutes per loan file using the integration. But more importantly, FirstClose Title guarantees the accuracy of the GFE data, which protects lenders from having to cover costs due to poor GFE data entry.

"As a loan origination system, our goals are to increase a lender's efficiency and maintain data integrity," said Binh Dang, LendingQB's managing partner. "The integration with FirstClose actually goes beyond these goals and has a direct impact on a lender's ability to drive revenue. It makes lenders more competitive by improving point of sale pricing and increasing consumer selection. When you combine FirstClose Title's best-execution rate quotes with our automated underwriting and loan pricing technology all wrapped up in a web-based loan origination system, you've got a top-line technology platform that will have an immediate impact on a lender's bottom-line."

About LendingQB
Based in Costa Mesa, California, LendingQB is a provider of web browser-based mortgage loan origination technology and services. The company combines more than 11 years of cloud computing software development experience with expertise in mortgage lending to deliver a technology solution that is service-oriented and focused on results. For more information about LendingQB, please visit http://www.lendingqb.com or call 1-888-285-3912.

About FirstClose Title
FirstClose Title is the first and only company to bring full transparency to rate selection in a scalable business model. The company provides its powerful certified fees for use by lenders when educating borrowers on there vendor choice for title insurance as a consumer centric and no cost solution to quality GFE data needs and service options for title insurance. The company delivers peak performance throughout the life of every transaction including unmatched clear to close ratios, funding transparency and 48 hour policy issuance for short form policies among other unique services which enhance and reduce front end costs of origination and prevent post closing penalties. Learn more a http://www.firstclosetitle.com.

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Contact: Linn Cook
Marketing Director, LendingQB
714-957-6335 ext. 2212
lncook@lendingqb.com

Companion apps provide access to loan pipeline and pricing on smartphones

COSTA MESA, California – JANUARY 23, 2012 – Mortgage lending technology provider LendingQB announced today the availability of mobile app companions to their cloud-based, end-to-end loan origination system. The LendingQB apps are designed to enhance the loan closing process by keeping loan officers in constant contact with their loan origination system. "Mobile applications need to be more than a gimmick," said Binh Dang, LendingQB's managing partner. "The LendingQB mobile apps provide useful functionality that helps loan officers stay on top of their loans and foster better communication with their customers."

Available for free on both Android-based smartphones and Apple's iPhone, the LendingQB mobile app is linked directly to the full LendingQB mortgage loan origination system and provides mortgage professionals with the ability to view real-time status updates of loans in their pipeline, as well as track when loan milestones have been achieved.

The LendingQB mobile app also includes a loan pre-qualification and pricing tool that is linked to LendingQB's built-in automated underwriting engine, PriceMyLoan. Users can enter in loan scenarios and instantly view eligibility and real-time pricing results. Loan scenarios can be saved for quick access at a later time. A video demonstration of the LendingQB mobile app can be found here: http://youtu.be/SccP0LJcoFQ

"Our mobile apps are designed to leverage the best features of our full loan origination system, but in a way that makes sense," said Linn Cook, marketing director at LendingQB. "Providing loan officers a snap shot of their loan pipeline not only keeps them informed, but it cuts down on the amount of calls that loan processors and underwriters have to field. Additionally, using a smartphone to get instant quotes on loan eligibility and pricing lets loan officers make a powerful impression on prospects and generate more leads."

LendingQB is a powerful, 100% web browser-based loan origination system designed for mortgage lenders and bankers. An impressive set of tools are available to facilitate a seamless end-to-end mortgage workflow process, from loan origination to funding. But the cloud-based aspect of the system is what enables LendingQB to deliver a unique mobile experience.

"Web-based or cloud-based computing is no longer an experiment, it's become a virtual necessity in the business world," said Cook. "The same can be said about mobile computing. It's not just about emails or playing games. We believe that mobile loan origination is going to transform the way that mortgage lenders do business. Our goal is to keep our clients on the leading edge of mortgage technology."

About LendingQB
Based in Costa Mesa, California, LendingQB is a provider of web browser-based mortgage loan origination technology and services. The company combines more than 11 years of cloud computing software development experience with expertise in mortgage lending to deliver a technology solution that is service-oriented and focused on results. For more information about LendingQB, please visit http://www.lendingqb.com or call 1-888-285-3912.

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Contact: Linn Cook
Marketing Director, LendingQB
714-957-6335 ext. 2212
lncook@lendingqb.com

Mortgage Loan Origination Technology Takes to the Cloud

COSTA MESA, California – December 12, 2011 – Automated underwriting and loan pricing technology provider PriceMyLoan is proud to present LendingQB, the industry's most comprehensive, 100% web browser-based mortgage lending platform. "With LendingQB, we believe we are doing more than just providing a 'cloud computing' loan origination system," said Binh Dang, LendingQB's managing partner. "We believe we are fundamentally changing the way that lenders use technology."

Since 2004, PriceMyLoan has been providing lenders with advanced technology to automate the underwriting and pricing of their loans. Over the past seven years, PriceMyLoan has had the unique opportunity to work closely with their clients and carefully observe their utilization of technology. "Each one of our clients had a valuable LOS story to tell us," said Gigi Campbell, national sales director for LendingQB. "What became evident is their desire for a 'one-stop shop' lending system, and a system that would adapt to the way they work."

To that end, LendingQB was built to include a comprehensive list of features, such as electronic documents with e-signatures; a full complement of tools for loan processing, underwriting, secondary marketing, closing and post-closing; and specialized tools for wholesale and retail environments, such as broker website portals and online consumer loan applications. Naturally, PriceMyLoan powers the automated underwriting and loan pricing aspects of the LendingQB platform.

But the most innovative feature of LendingQB is not their technology, but the way that they work with their clients. "Lenders need more than just a piece of software," said Campbell. "They need a technology partner that is willing to listen and respond to their specific needs. That's the true value of our web-based model. We can reach directly into a client's system and instantly deploy any changes they request. It creates a truly customized experience that molds to their particular workflow."

LendingQB positions itself as more than a technology provider, they want to be an active part of a lender's team. "As a lending quarterback, we want to take the field with our clients and help lead them to success," said Campbell. "Give us the ball and we'll execute the plays that lead to higher productivity, higher profits and better business performance overall."

About LendingQB
Based in Costa Mesa, California, LendingQB is a provider of web browser-based mortgage loan origination technology and services. The company combines more than 11 years of cloud computing software development experience with expertise in mortgage lending to deliver a technology solution that is service-oriented and focused on results. For more information about LendingQB, please visit http://www.lendingqb.com or call 1-888-285-3912.

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Contact: Linn Cook
Marketing Director, LendingQB
714-957-6335 ext. 2212
lncook@lendingqb.com