About LendingQB

LendingQB is a cloud-based loan origination system that helps businesses modernize mortgage operations with partner integrations and process automation. With rule-based engines and process/service automation, LendingQB can streamline the loan origination process and transform the mortgage experience for businesses and clients alike. Key features include an intelligent automation decision engine with pricing rules, workflow configurations, an electronic document manager and compliance monitoring.

From loan underwriting to closing documents, LendingQB is able to provide businesses with the tools to automate every process. LendingQB's Total Decision Engine(TDE) is able to automate underwriting decisions based on a borrower's credit report and generate rule-based...


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Supported Operating System(s):

Web browser (OS agnostic)

10 Reviews of LendingQB

Average User Ratings

Overall

4.46 / 5 stars

Ease-of-use

4.5

Value for money

4.5

Customer support

4.5

Functionality

4.0

Ratings Snapshot

5 stars

(7)

7

4 stars

(5)

5

3 stars

(1)

1

2 stars

(0)

0

1 stars

(0)

0

Likelihood to Recommend

Not likely

Very likely

Showing 1 - 5 of 10 results

August 2019

Nicholas from Mid-Island Mortgage Corp.

Company Size: 51-200 employees

Industry: Financial Services

Time Used: More than 2 years

Review Source: Capterra


Ease-of-use

5.0

Value for money

4.0

Customer support

5.0

Functionality

5.0

August 2019

LQB is ready for the Prime Time

LQB has enabled our sales staff to spend more time on the road being face to face with clients rather than being in the office to access or systems. My experience with LQB has been nothing short than stellar. The support staff is super friendly and always answers the phone in a good mood.

Pros

I like that it was a SaaS based service and completely hosted by them. Typically a SaaS based service that holds sensitive material is massive security hole. However, considering that LQB is a product of MeridianLink I can rest easy that our data is secure. Their integrations with vendors is top shelf and allows us to focus on bringing in more business rather than testing and implementing integrations. We used to be a report based company and now we are a queue based company. Being able to create custom Queues for our staff has almost eliminated our daily reports that we send out.

Cons

Because LQB is a SaaS based service we sometimes have to play within their walls. Most of the time its not a bad thing but there are times we have create a work around to complete the task we want. Not that big of a deal really.

Reasons for Choosing LendingQB

We didn't like the look and feel of Encompass and already using the PML engine for our pricing the setup was just that much easier.

August 2019

Josh from Inlanta Mortgage, Inc.

Company Size: 201-500 employees

Industry: Financial Services

Time Used: More than 2 years

Review Source: Capterra


Ease-of-use

5.0

Value for money

4.0

Customer support

5.0

Functionality

3.0

August 2019

LendingQB Review

It has been a very good experience all the way from implementation until now. Very receptive to feedback and are willing to work with us on finding a solution to any problems we have. Constantly trying to make the product better.

Pros

Web-based, seamless integrations, amount of integrations, ease of use, excellent support staff, very little system downtime, asking for our feedback regularly and continuously improving of the system.

Cons

Reporting, workflows, conditions/tasks, notifications, and audit could all be better. More granular control over the permissions and accesses to certain pages and functions in the system. Standard consumer portal is very dated.

Reasons for Choosing LendingQB

Lean Lending approach and moving to a front-to-back solution rather than having a front-end and a back-end solution.

August 2019

Troy from JLB Corporation dba Golden Oak Lending

Company Size: 51-200 employees

Industry: Financial Services

Time Used: More than 2 years

Review Source: Capterra


Ease-of-use

5.0

Value for money

5.0

Customer support

4.0

Functionality

4.0

August 2019

Fully Customizable Loan Origination System

LendingQB has enabled our company to run much more efficiently by pushing the file through the system with milestone and status updates. Departments can move through files much quicker, with the with assurance of accuracy due to workflow rules that we have in place.

Pros

The ability to fully customize processes, implement workflow rules, and fully integrate with most vendor systems is what I like most about LendingQB

Cons

Customer Support is often days or weeks to respond to building batch reports or trouble-shooting problems.

Reasons for Choosing LendingQB

The ability to integrate with vendors of our choosing, overall costs and size.

August 2019

Belinda from ClearEdge Lending

Company Size: 11-50 employees

Industry: Financial Services

Time Used: Less than 12 months

Review Source: Capterra


Ease-of-use

5.0

Value for money

5.0

Customer support

2.0

Functionality

2.0

August 2019

ClearEdge Lending

Satisfactory. There are some extremely talented people at the company!

Pros

We implemented in 45 days which is unheard of. There is a beauty in its simplicity, however it just doesn't have enough features for us to effectively manage our loans without developer intervention.

Cons

Lack of business rules that can control auto firing of field Rigidity in reporting Weak with compliance features Lack of ability to customize Too many screens Not enough control over settings (have to go to LQB for a lot of things we would like to be able to manage ourselves) Lack of developers with LQB experience out in the field

Reasons for Choosing LendingQB

Price, simplicity

August 2019

Joshua from Mortgage Assurance Inc

Company Size: 11-50 employees

Industry: Financial Services

Time Used: More than 2 years

Review Source: Capterra


Ease-of-use

5.0

Value for money

4.0

Customer support

5.0

Functionality

5.0

August 2019

LendingQB is the best mortgage LOS!

Prior to using LendingQB, we used our own proprietary LOS but as TRID approached, we could not keep up with the regulation and compliance changes that were to come. We looked at Encompass, Calyx Path, Byte, Blueberry, OpenClose, and others but ultimately chose to move forward with LendingQB. We came from a SQL DB background and liked their web-based system and that we could use their web services to make calls to their DB and import data into our own SQL database(s) to create our own applications and reports.

Pros

It's web-based and works across all browser platforms. It's not a flat file and multiple users can be within a file and modify it at the same time. It has a great API for integrations and offers its web services/API to clients as well. They have a great support team and their developers are on top and ahead of all regulation changes. They have several integrations for many different services to offer a variety of choices and solutions to clients to accommodate their specific needs.

Cons

There isn't much to dislike about this software.

Reasons for Choosing LendingQB

Ultimately we chose to move forward with LendingQB. We came from a SQL DB background and liked their web-based system and that we could use their web services to make calls to their DB and import data into our own SQL database(s) to create our own applications and reporting. We also liked their support system, chat support, and Academy , playbook, and knowledgebase for learning.