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Source: Lendesk

Lendesk Announces Canadian Mortgage Lender Network with Top Lenders

Mortgage Technology Leader Partners with Canada’s Top Institutional Lenders to Streamline Industry Processes

VANCOUVER, British Columbia, Oct. 17, 2018 (GLOBE NEWSWIRE) -- ​​Lendesk Technologies Ltd.​, technology provider for Canada’s mortgage industry professionals, today announces the introduction of the Lendesk Lender Network, a direct-to-lender mortgage application network with some of Canada's top mortgage lending institutions including Scotia Mortgage Authority (Scotiabank), First National Financial, CMLS Financial, Equitable Bank, and Paradigm Quest (Merix, NPX, Lendwise, and more). Through Lendesk’s proprietary technology platform, licensed mortgage broker firms and agents can securely pull credit from both Equifax and TransUnion and, through the Lender Network, automatically submit qualified mortgage applications directly to participating Lenders.

"Connecting the broker to the lender is at the heart of the origination process, and by working directly with our lender partners we’ve built our Lender Network to be a strong foundation for the rest of our current and forthcoming products," said Alex Conconi, CEO of Lendesk. “For example, with CMLS, brokers who use Lendesk’s document collection features can submit those documents directly to CMLS underwriters from within the system. When paired with Lendesk’s direct-from-source Verification of Assets functionality, and other direct-from-source integrations, Lendesk makes it very easy for brokers to streamline their internal processes, and focus on their borrowers’ experience.”

"CMLS is committed to the broker channel and to engaging with its broker partners in ways that enhance the flow of communication, data and documents,” said Dan Putnam, SVP Business Development, CMLS Financial. “The Lendesk Lender Network launch should help enhance all of the above."

The announcement of Lendesk’s Lender Network is a testament to the organization’s insight, investment, and dedication to modernizing the Canadian Mortgage Industry. Additional Lenders are scheduled for a forthcoming announcement.

“Lendesk is an important partner as we work together in bringing innovative solutions to market. I am excited to see the launch of their new point-of-sale system,” said Yassir Jiwan, Digital Innovations Lead, Equifax.

“As a Broker, the outdated process we’ve been forced to use to communicate with lenders has always been a limiting factor in the type of client experiences we can deliver,” said Conrad Neufeldt, CEO of Kasper. “Lendesk is a game changer for us, our lenders, and the type of experiences that we can build together for our clients. For the first time in my career I can say I’m truly excited at the prospect of legitimate technology innovation in our channel.”

The Lendesk Lender Network is available for exclusive use in combination with the Lendesk Point of Sale systems. Lendesk Point of Sale systems are currently available on a limited-release, pilot basis only. Firms, agents, and lenders interested in learning more are encouraged to watch the video and sign up for a demo on Lendesk.com. Participants will be given priority access to Lendesk after conclusion of the pilot, which is expected to complete in early 2019.

About Lendesk Technologies Ltd.
Lendesk is a Canadian technology company that is modernizing the mortgage industry for Mortgage Brokers and Lenders. Lendesk is piloting a graceful Point of Sale (POS) System for Brokers and a connection to Canada’s top Institutional Lenders including Scotia Mortgage Authority (Scotiabank), First National Financial, CMLS Financial, Equitable Bank, Merix, NPX, Lendwise, and more. Secure integrations with other industry providers make for a seamless user experience while robust bank-grade security measures provide peace of mind. The company was founded in 2014 by former Mortgage Broker and private lender, Alex Conconi of Conconi Growth Partners.

Located in Vancouver, British Columbia, the Lendesk team is composed of world-class software developers, app designers and online security experts. Lendesk is SOC 2 certified and annually audited by KPMG. More information:​ www.lendesk.com

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