Category: Loan Origination Software

March 28, 2024

Fees in Loan Origination and Servicing

Lenders leverage fees to generate revenue, cover operational costs, and manage risk. Some of the most common types of fees seen are Origination Fees, Servicing Fees, Late Payment Fees, Insufficient Funds Fees, etc.   Origination Fees: Charged at the beginning of the loan term to[...]

December 29, 2023

How Automation Can Enhance the Loan Origination Process

The loan origination process, the often-arduous journey from application to funding, is undergoing a transformative shift. Driven by the relentless march of technology, automation is rapidly reshaping this landscape, offering lenders a wealth of opportunities to streamline operations, improve efficiency, and ultimately, gain a competitive[...]

November 29, 2023

LendFoundry Migration Guide: Seamlessly Transitioning Your In-House System to LendFoundry

Navigating the complexities of loan origination and servicing poses challenges, particularly with outdated or in-house systems. LendFoundry presents a holistic loan origination and servicing system, alleviating complexities and heightening operational efficiency. Transitioning from your existing system to LendFoundry demands a methodical approach, hence, we've developed[...]

November 17, 2023

Document Uploads and Document Management in LendFoundry Loan Origination

In the complex world of loan origination, effective document management and document uploads stand as a cornerstone for ensuring the smooth flow of information, enhancing efficiency, and upholding compliance standards. LendFoundry's loan origination system recognizes this critical aspect and provides a comprehensive suite of document[...]

November 8, 2023

How Does the Decision Engine Work in the LendFoundry Loan Origination System?

Loan origination can be a complex and time-consuming process, involving numerous steps and decisions. LendFoundry, a comprehensive loan origination system, offers a powerful Decision Engine to streamline this process and make it more efficient. In this blog, we will delve into the workings of the[...]

October 3, 2023

How to Improve Customer Satisfaction and Retention with Loan Origination Software

Customer satisfaction is the key to success for financial institutions and lending organizations. With the increasing demand for loans, it is crucial for lenders to streamline their loan origination process and provide a seamless experience to borrowers. This is where loan origination software comes into[...]