Loan Origination System

LendingLink Loan Origination System is a technology solution designed exclusively for the multifamily and commercial real estate (CRE) lending market. According to the vendor, its main purpose is to expedite loan approvals, provide precise pricing and terms, and enhance the borrower experience. LendingLink is suitable for lenders of all sizes in the multifamily and CRE lending market, catering to the needs of various institutions. This system is utilized by commercial real estate lenders, mortgage lenders, loan officers, underwriters, and loan processors across different industries.

Key Features

Real-time pricing: According to the vendor, LendingLink's Sales & Sizing module offers real-time pricing for loans, automatically adjusting based on property metrics. This feature allows loan officers to quickly generate accurate term sheets and quotes.

Simple deviations: The module allows loan officers to easily review and monitor pricing exception requests, ensuring efficient handling of deviations from standard pricing.

Increase application to close pull through rates: The vendor claims that by implementing loan pricing and sizing controls early in the process, LendingLink helps increase pull through rates, reduce errors, and enables loan officers to focus on building relationships.

Dynamic calculations: According to the vendor, the module allows loan officers to size loans based on desired loan amounts, loan-to-value (LTV), or debt service coverage ratio (DSCR) constraints through linked calculations.

Flexible sizing: LendingLink's Sales & Sizing module offers both in-depth sizing and quick sizing options, providing loan officers with the flexibility to perform comprehensive loan sizing or make quick estimates.

Robust underwriting analysis suite: According to the vendor, LendingLink's Credit & Underwriting module provides a comprehensive toolset for evaluating property cash flow, rent rolls, borrower and guarantor analysis, streamlining the underwriting process and supporting accurate credit decision-making.

Accelerate document collection with dynamic checklists: LendingLink's Processing module features dynamic checklists that automatically react to changes in transaction type, property type, and borrower structures, streamlining the document collection process for loan processors and ensuring compliance.

Borrower needs letters: The module enables loan processors to generate up-to-date document requests with a single click, simplifying communication with borrowers and facilitating the collection of necessary documents.

Comprehensive metrics: According to the vendor, LendingLink's Asset Management module allows users to track and analyze key performance metrics, such as cash flows, rent rolls, and financial data of borrowers and guarantors. It provides a concise view of asset performance, aiding users in identifying areas for improvement and making informed decisions.