LOVELAND, Colo.--(BUSINESS WIRE)--Factual Data, one of the nation’s premier providers of credit and data verification services to lenders nationwide, today announced an integration of its credit reporting capabilities with LendingPad (www.lendingpad.com), a leading provider of loan origination software headquartered in McLean, VA.
This integration allows clients to order tri-merged credit reports directly from Factual Data. Credit reports are merged in LendingPad’s document management system and liabilities data is updated in real time. The integration is available to all LendingPad users and will automatically populate credit information into the platform.
“Factual Data is committed to providing our customers with innovative products and services to support their evolving business needs,” said Factual Data President, Jay Giesen. “This integration providing tier one credit reporting capabilities from Factual Data with LendingPad’s innovative loan origination system is another example of that commitment in action.”
“LendingPad is proud to be at the forefront of mortgage lending technologies working with industry leaders together to enhance origination process,” said LendingPad’s Managing Director, Wes Yuan. “Our mutual customers will immediately enjoy the convenience and benefits of Factual Data credit products inside of LendingPad’s platform.”
About Factual Data
Factual Data is a trusted provider of credit, risk mitigation, flood, and verification services to the mortgage industry. Leveraging innovative technology and deep industry experience, Factual Data simplifies the mortgage lending process for its customers and their borrowers. For information, please call 800-275-3389 or visit www.factualdata.com.
LendingPad’s innovative loan origination system (LOS) was created by
mortgage professionals to modernize the complex loan origination
process. The solutions LendingPad offers elevate process efficiency,
compliance, and information security of brokers, lenders, banks and
credit unions. LendingPad’s unique features include customized
dashboards, same-file multi-user capabilities and real-time loan
updates. These solutions streamline the origination process, while
lowering the total cost of mortgage lending. LendingPad is a product of
WEI Technology LLC., headquartered in McLean, VA.