Why Banks Need LendersLogic: The mortgage industry has fundamentally changed. Originators today are looking for improved ways to attract the Internet shopper, automate the origination process and reduce costs. With 99% of first time home buyers from the generation that grew up on the Internet, bankers know they will have to have a smart on-line presence to attract them. Research also shows that banks today understand they need to provide a good online customer service experience to mortgage borrowers. The LendersLogic consumer direct online mortgage loan decisioning solution provides a solution to those challenges. With the LendersLogic offer of “Instant Online Approval,” banks are able to reach their objective of using the web to “Attract, Engage, Capture” mortgage borrowers.
Proven Results: LendersLogic is used by banks, credit unions and mortgage companies, and it works hard for its customers. Statistics show LendersLogic clients have recorded nearly $1 billion in mortgage applications.