COSTA MESA, Calif. /California Newswire/ — LendingQB, a provider of end-to-end loan origination software, announced that it will be exhibiting at the Texas Mortgage Bankers Association annual Southern Secondary Market Conference for the first time. The event will be held at the Marriott Woodlands Waterway Hotel and Convention Center in Houston on February 12-14, 2013.
At the conference, LendingQB plans to introduce its "You Configure vs. We Configure" technology approach to attendees, a concept that highlights the differences between Software-as-a-Service (SaaS) and traditional software vendors and how this impacts the rate of LOS implementation success. "Lenders don't spend enough time thinking about what happens after they sign a contract," said Linn Cook, marketing director at LendingQB. "They're good at evaluating vendors for features, but they don't pay enough attention to how a platform will be implemented. That's why you see a lot of delays and failures."
In general, complex software implementations go over budgets and beyond scheduled timeframes 65 percent of the time and 35 percent of projects end in outright failure. LendingQB believes that lenders end up spending anywhere between $100,000 and $500,000 in extra costs to complete implementations.
"The real problem is that many lenders simply accept this as the cost of doing business. They accept it when vendors say, 'You configure it,'" said Cook. "This is where the SaaS model makes a huge difference." Providing LOS functionality through a web-browser not only cuts IT costs, but it allows vendors to take on more of the burden of implementation, configuration and general platform maintenance. "We've never had a failed implementation," Cook noted. "The 'We Configure' approach redefines the concept of service in a way that ensures implementation success."
LendingQB will be making presentations of its 'You Configure vs. We Configure' approach at the TMBA Southern Secondary Market Conference at booth #15 in the expo hall. For more information, please contact Linn Cook at (714) 957-6335, extension 2212 or email him at lncook@lendingqb.com.
About LendingQB:
LendingQB is a Costa Mesa, California-based company that specializes in loan origination technology solutions and services for the mortgage industry. The LendingQB LOS is a 100% Web-based, true end-to-end enterprise-class loan origination platform. The solution is designed to meet the needs of all types of mortgage lenders-large or small, wholesale or retail, correspondent or Internet-based-with specialized tools that are targeted, customizable and flexible. LendingQB uses a consultative technology assessment approach before engaging with new clients, and places a strong emphasis on the utilization of data analytics to assist lenders in leveraging business intelligence, resulting in optimized organizational performance and lowered cost per loan. For more information about LendingQB, please call 888-285-3912 or visit http://www.lendingqb.com/ .
About Texas Mortgage Bankers Association:
Since 1917, members of the Texas mortgage banking community have turned to Texas Mortgage Bankers Association for its leadership in industry education, legislative initiatives and peer interaction. Today, TMBA's purpose is still to serve the mutual interests of its members in order to preserve, enhance and advance the mortgage banking and real estate finance business in the State of Texas. In its effort to advance the Texas real estate finance industry, TMBA supports the highest professional and ethical standards of business among its members while promoting development and prosperity among the industry as a whole. TMBA members include mortgage lenders; mortgage brokers; real estate finance service providers such as title private mortgage insurance companies, and other real estate insurance providers; attorneys, etc. TMBA aims to meet the educational needs of its membership by providing up-to-date information on new publications and the development of instructional courses that expand the scope of mortgage banking. For more information, visit http://www.texasmba.org/ or call (512) 480-8622.
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