LendingQB

LendingQB

by LendingQB

Who Uses LendingQB?

Banks, Credit Unions, and Mortgage Lenders.

What Is LendingQB?

A web-based, end-to-end mortgage loan origination system that does it all, from loan origination to funding.

LendingQB Details

LendingQB

http://www.lendingqb.com

Founded 1998

LendingQB Pricing Overview

LendingQB does not have a free version and does not offer a free trial. See additional pricing details for LendingQB below.

381073

Free Version

No

Free Trial

No

Deployment

Cloud, SaaS, Web

Training

In Person

Live Online

Webinars

Documentation

Support

Business Hours

Online

LendingQB Features

Loan Management Software
Amortisation Schedule
Client Database
Closing Documents
Commercial Mortgages
Contact Management
Credit Reporting
Customer Statements
Document Management
Electronic Applications
Government Loans
Loan Origination
Loan Servicing
Pipeline Management
Pre-Qualification
Refinance Management
Residential Mortgages
Audit Trail
Compliance Management
Customer Management
Document Management
Electronic Signature
Loan Processing
Online Application

LendingQB Reviews

Showing 5 of 13 reviews

Overall
4.5/5
Ease of Use
4.6/5
Customer Service
4.5/5
Features
4/5
Value for Money
4.7/5

LQB is ready for the Prime Time

Reviewed on 15/8/2019
Nicholas S.
Vice President
Financial Services, 51-200 Employees
Used the Software for: 2+ years
Reviewer Source 
5/5
Overall
5/5
Ease of Use
5/5
Features & Functionality
5/5
Customer Support
4/5
Value for Money
Likelihood to Recommend:
Not Likely Extremely Likely

Comments: 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.

LendingQB Review

Reviewed on 19/8/2019
Josh B.
Systems Administrator
Financial Services, 201-500 Employees
Used the Software for: 2+ years
Reviewer Source 
4/5
Overall
5/5
Ease of Use
3/5
Features & Functionality
5/5
Customer Support
4/5
Value for Money
Likelihood to Recommend:
Not Likely Extremely Likely

Comments: 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.

Fully Customizable Loan Origination System

Reviewed on 15/8/2019
Troy W.
Chief Operating Officer
Financial Services, 51-200 Employees
Used the Software for: 2+ years
Reviewer Source 
5/5
Overall
5/5
Ease of Use
4/5
Features & Functionality
4/5
Customer Support
5/5
Value for Money
Likelihood to Recommend:
Not Likely Extremely Likely

Comments: 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.

ClearEdge Lending

Reviewed on 23/8/2019
Belinda A.
VP Systems & Training
Financial Services, 13-50 Employees
Used the Software for: 6-12 months
Reviewer Source 
3/5
Overall
5/5
Ease of Use
2/5
Features & Functionality
2/5
Customer Support
5/5
Value for Money
Likelihood to Recommend:
Not Likely Extremely Likely

Comments: 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

LendingQB is the best mortgage LOS!

Reviewed on 15/8/2019
Joshua R.
Senior Manager/IT
Financial Services, 13-50 Employees
Used the Software for: 2+ years
Reviewer Source 
5/5
Overall
5/5
Ease of Use
5/5
Features & Functionality
5/5
Customer Support
4/5
Value for Money
Likelihood to Recommend:
Not Likely Extremely Likely

Comments: 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.