Consumers National Bank in Minerva, Ohio, is using a Web-based loan origination system from LendingQB to operate its mortgage lending business.
The $337 million-asset bank selected LendingQB to launch its mortgage business in April, LendingQB said Tuesday. Consumers National first implemented LendingQB's end-to-end loan origination system 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 workflow, LendingQB said.
LendingQB's Edoc paperless system and integrations with ComplianceEase and DocMagic allows Consumers National to operate entirely within the loan origination system and automate certain processes.
Based in Costa Mesa, Calif., LendingQB provides loan origination technology and services for the mortgage industry.