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""LendingQB"":http://www.lendingqb.com/, a California-based company specializing in loan origination technology solutions and services, announced the successful implementation of its Web-based, end-to-end mortgage lending platform for ""OGI Mortgage Bankers"":http://www.ogimb.com/, a fast-growing lender based in Los Angeles.
[IMAGE]Within seven weeks of signing a contract, OGI was able to launch and begin using a fully custom configured LendingQB platform immediately.
""Since I stepped in this business 25 years ago, I've never seen an implementation happen so quickly and thoroughly,"" said Harry Oh, president and CEO of OGI. ""We made the decision to use LendingQB right before New Year's Day but we didn't expect to start using the system until after Easter. Being ahead of schedule saves us more than time and effort, it saves us money.""
According to Oh, OGI began looking for Web-based loan origination system (LOS) providers in response to the challenges the company faced with its outdated client-installed software.
""When we started the company in 2009, we bought a whole system--software,hardware, networking equipment--and spent an entire year getting it setup. It cost us a lot of money just to configure and learn how to use the system,"" Oh explained. ""Then our vendor got acquired. That's when we realized we had the wrong approach to technology. We're a mortgage lender, not an IT company. We don't need to own everything.""
OGI selected LendingQB after an evaluation process, which included testing with a live production system for an entire month. Once the selection was made, Oh said he was surprised at how quickly the deployment and implementation was handled.
""The day after we signed with LendingQB, their deployment team was sending us emails and scheduling meetings,"" he said. ""They were involved with our implementation at the ground level, gathering information from us and making changes to our system directly.""
Seven weeks later, OGI's staff is trained and ready to work in the LendingQB environment.
""When I think back to our first system and the amount of time and resources we poured into purchasing it and getting it setup, it's night and day,"" Oh remarked. ""LendingQB is like a part of my staff. They set milestones and kept us on track and prioritized. They did most of the configuration for us and responded quickly to any changes we wanted to make. Their organization and commitment to us was impressive.""
