*The LOS Saga*
**By Tony Garritano**
***It always seems to me like there are too many loan origination systems to choose from. How do they all survive? In the end, I guess, they all have their unique strengths and weaknesses. To this end, PROGRESS learned a few months back of a new entrant that hopes to put their spin on this already crowded space. Now they’re staffing up to try and take the market by storm. Here’s the full scoop:
****LendingQB, an enterprise-class end-to-end Web-based LOS), has added 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 LoanSifter. 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. I’ll keep you posted on their industry penetration as I get that news.
Tony Garritano is chairman and founder at PROGRESS in Lending Association. As a speaker Tony has worked hard to inform executives about how technology should be a tool used to further business objectives. For over 10 years he has worked as a journalist, researcher and speaker in the mortgage technology space. Starting this association was the next step for someone like Tony, who has dedicated his career to providing mortgage executives with the information needed to make informed technology decisions. He can be reached via e-mail at email@example.com.