Ventura County Credit Union has implemented an end-to-end browser-based loan origination system from LendingQB.
LendingQB's end-to-end LOS platform uses a single database, which allows all of the employees at the Ventura, Calif., credit union to work off of the same data. This should reduce errors and eliminate the re-keying of information, LendingQB, based in Costa Mesa, Calif., said Monday. Ventura is using LendingQB's per-closed-loan pricing model, which allows them to better manage origination costs by avoiding a flat fixed fee.
Ventura is also using LendingQB's automated underwriting system with customized investor guidelines and overlays to make loan decisions. The guidelines are maintained by LendingQB's managed services team.
Ventura has almost 53,000 members and $605 million of assets.