Business
Lenders One Launches New Solutions and Revenue Opportunities at Annual Summit
The cooperative hosts its first large-scale, in-person event in over a year ATLANTA, Aug. 05, 2021 (GLOBE NEWSWIRE) -- Lenders One® Cooperative, a national
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[{"type":"text","content":"The cooperative hosts its first large-scale, in-person event in over a year\nATLANTA, Aug. 05, 2021 (GLOBE NEWSWIRE) -- Lenders One® Cooperative, a national alliance of independent mortgage bankers, banks and credit unions, kicks off its annual Summit in Orlando, FL on Sunday. The cooperative celebrates its continued growth and will feature a keynote speech from Frank Abagnale of “Catch Me If You Can” fame and an industry panel, including moderator Clayton Collins and panelists Andrew Bon Salle, Kathy Kraninger and Brian Montgomery. The Summit includes member-only networking sessions and education sessions designed to help members discover new opportunities and strategies for today’s market and beyond. Since our last Summit in March 2020, Lenders One has welcomed 40 new members and launched initiatives to help our members improve their performance and profitability. These initiatives were developed in response to feedback we received from the Lenders One advisory council and members. L1™ Credit. L1 Credit offers credit reporting agency (CRA) repository-approved full tri-merge credit reports and other Fair Credit Reporting Act (FCRA) related products required to manufacture a loan, including fraud reports, undisclosed debt notifications (UDN), verification of employment (VOE), verification of assets (VOA), tax return information (4506-T) and Social Security verification (SSV) reports.Lenders One Loan Automation (LOLA). This quarter we are launching a beta version of our Lenders One loan automation technology that we refer to as LOLA. LOLA is an internally developed, cloud-based technology solution designed to automate loan manufacturing processes to improve members’ operational efficiency and make it easier for members to order and receive L1 Solutions through a single entry point. Additionally, since the last Summit, Lenders One added 18 preferred providers and two new capital markets solutions. New preferred providers: Awesome Technologies. Software development, data insights, integrations, managed services and operational excellence in mortgage lending.Capacity. An AI-powered mortgage support automation platform that connects your tech stack to answer questions, automate repetitive tasks and build solutions to any business challenge.Connexions. A software as a service (SaaS) appraisal management system used by Lenders to manag...