Venta Financial Group Completely Automates Lending Operations with LendingQB's LOS by Send2Press


									PRESS RELEASE: Venta Financial Group Completely Automates Lending Operations w... Page 1 of 2

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   Banking and Finance News


   Venta Financial Group Completely Automates Lending
   Operations with LendingQB's LOS
   Thu, 29 Aug 2013, 07:00:51 EDT

   COSTA MESA, Calif., Aug. 29, 2013 (SEND2PRESS
   NEWSWIRE) -- LendingQB, a provider of end-to-end loan
   origination software, announced that Venta Financial Group, Inc.
   (Venta), a wholesale and retail mortgage banker, has
   experienced stellar results since implementing its browser-based
   end-to-end loan origination system (LOS).

   Venta operates two distinct brands under the names of Venta
   Wholesale and Alterra Home Loans for its wholesale and retail
   lending channels, respectively. Using the platform, Venta was
   able to automate every single facet of its lending business, thus
   achieving a seamless workflow from the point-of-sale through
   funding, transparency across operations, automatic compliance
   audits, a completely paperless environment, reduction of cost
   per loan and greatly enhanced employee communications.

   Prior to LendingQB, Venta tried to use best-of-breed vendors to create an end-to-end solution but the approach failed to meet
   expectations, instead hampering intercompany communications, preventing visibility, disuniting key functional areas involved
   in the lending process, and slowing turn times.

   "We tried using best-of-breed providers several different times but were never able to really implement the seamless workflow
   we envisioned having," stated Jason Madiedo, CEO of Venta. "LendingQB's platform, on the other hand, is an all-in-one
   solution that was custom-configured to automate our specific lending practices, which created a completely unified, smooth
   workflow. Our employees love the system and how much easier it makes their jobs and ability to communicate with other
   functional as they work to complete tasks. LendingQB basically perfected nearly every facet of our lending operations."

   Venta also reports that LendingQB's LOS helped significantly with recruiting efforts due to the solution providing tools that help
   make them more productive and successful. "We've really gotten a lot of lift on the recruiting front when prospective loan
   officers, originators, underwriters and others learn how much easier things are using LendingQB," remarked Madiedo. "In
   addition, the platform's flexibility and ease of set up has allowed us to quickly get new branches and offices up and running."

   "Venta has done an outstanding job of leveraging our LOS to operate leaner and with greater productivity across the board,"
   said Binh Dang, president of LendingQB. "They worked with quite a few best-of-breed providers in the past and saw
   integration deficiencies and workflow issues first hand. The team at Venta now takes a holistic approach to driving lending
   improvements and we're pleased that our LOS has been instrumental in their success."

   About LendingQB:

   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 8/29/2013
PRESS RELEASE: Venta Financial Group Completely Automates Lending Operations w... Page 2 of 2 .

   About Venta Financial Group, Inc.:

   Based in Las Vegas, Nevada, Venta Financial Group, Inc. owns Venta Wholesale and Altera Home Loans, its wholesale and
   retail channels, respectively. Venta Wholesale opened its doors in August of 2007 and currently has over 150 employees.
   Venta has loan officers, account executives, multiple DE underwriters, closers, lock desk resources, and more than enough
   support staff to help close loans on time - every time. Visit the company's website to learn more .

   Joe Bowerbank
   Profundity Communications, Inc.


   Send2Press® is the originating wire service for this story.



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   For more information about this news release, contact LendingQB directly through their Web site found in the above press release, and NOT

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