Lendesk has launched its Lendesk Lender Networka direct-to-lender mortgage application network—with several Canadian mortgage lending institutions.
The institutions include Scotia Mortgage Authority (Scotiabank), First National Financial, CMLS Financial, Equitable Bank, and Paradigm Quest (Merix, NPX, Lendwise, and more).
Through the platform, licensed mortgage broker firms and agents can securely pull credit from both Equifax and TransUnion.
“CMLS is committed to the broker channel and to engaging with its broker partners in ways that enhance the flow of communication, data and documents,” said Dan Putnam, SVP of business development at CMLS Financial. “The Lendesk Lender Network launch should help enhance all of the above.”
Through the platform, licensed mortgage broker firms and agents can securely pull credit from both Equifax and TransUnion and, through the Lender Network, automatically submit qualified mortgage applications directly to participating Lenders.
“Connecting the broker to the lender is at the heart of the origination process, and by working directly with our lender partners we’ve built our Lender Network to be a strong foundation for the rest of our current and forthcoming products,” said Alex Conconi, CEO of Lendesk. “For example, with CMLS, brokers who use Lendesk’s document collection features can submit those documents directly to CMLS underwriters from within the system. When paired with Lendesk’s direct-from-source Verification of Assets functionality, and other direct-from-source integrations, Lendesk makes it very easy for brokers to streamline their internal processes, and focus on their borrowers’ experience.”
The Lendesk Lender Network is available for exclusive use in combination with Lendesk’s point-of-sale systems, which are currently available on a limited-release, pilot basis only. Participants who sign up for a demo on Lendesk.com will be given priority access to Lendesk after conclusion of the pilot, which is expected to complete in early 2019.
“As a broker, the outdated process we’ve been forced to use to communicate with lenders has always been a limiting factor in the type of client experiences we can deliver,” said Conrad Neufeldt, CEO of Kasper. “Lendesk is a game changer for us, our lenders, and the type of experiences that we can build together for our clients. For the first time in my career I can say I’m truly excited at the prospect of legitimate technology innovation in our channel.”