COSTA MESA, Calif. /California Newswire/ — LendingQB, a provider of end-to-end loan origination SaaS, announced that it will be holding a free webinar on why lenders struggle to successfully implement new loan origination technology systems (LOS). The webinar will be held on March 27, 2013, at 1 p.m. Eastern Time.
Research reveals that 62 percent of IT projects fail to meet their schedules; 49 percent run over budget; 47 percent had higher-than-expected maintenance costs; and 41 percent failed to deliver the expected business value and ROI. Attendees of the webinar will gain firm understanding as to why this is and how lenders can avoid becoming a statistic.
"Mortgage lenders are on the hunt for new LOS platform as a way to increase efficiency and maintain compliance with new lending rules," said Linn Cook, marketing director at LendingQB. "However, there's always the risk that LOS implementations go over budget or fail entirely, costing lenders time, money and the opportunity to gain market share. We've performed extensive industry research and fully understand why this is happening and what lenders can do to achieve a well-planned, successful implementation that meets their expectations and delivers an attractive ROI."
The webinar will explore the risks associated with LOS implementations and discuss the role of web-based software, customer service and the changing dynamics of vendor-client interactions in improving LOS implementation success. A real-world case study will be offered by a lender that has been through successful LOS implementations and also observed failed projects and those that fell short of expectations or went over budget.
Webinar speakers include:
* Linn Cook, Marketing Director at LendingQB;
* Lester Alitagtag, Enterprise Solutions Manager at LendingQB;
* Ron Cahalan, Sales Manager at The Lending Company.
Interested parties can sign up for the webinar by clicking here: https://www1.gotomeeting.com/register/971991513 .
LendingQB is a Costa Mesa, Calif.-based company that specializes in loan origination technology solutions and services for the mortgage industry. The LendingQB LOS is a 100 percent 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 www.lendingqb.com.