Audience
Loan and mortgage companies seeking a solution to manage their operations
About Technicost LOS
The loan process should be as stress-free and pleasant as possible. That’s where our Loan Origination suite (LOS) comes in. Designed specifically for Canadian Credit Unions, LOS is a full-service software with fully integrated third party. which will cut the time to complete the loan in half (or even a half of a half). No longer a daunting task, Technicost makes learning your clients’ loan eligibility fast, simple and extremely efficient. With our fully integrated system, you can do it all yourself. In just 20 minutes you’ll know if your customer is eligible for a loan and for exactly how much, leaving you more time on your hands than you might know what to do with. Long lunch break? Think of it as a simplified, one-stop shop for credit unions, allowing you to oversee the status of all pending loans, and reduce document preparation costs and processing errors. But that’s just the tip of the iceberg.
Popular Alternatives
Calyx Point
Say “hello” to a faster, more efficient loan process. The industry’s leading LOS for mortgage brokers, Point covers the complete origination process from initial application to closing. Know what you’re going to pay with no hidden fees or contract required. Ensure consistency with templates to standardize borrower files, loan programs, closing costs, and more. Capture, create, and save pre-application data for prequalifying prospective borrowers. Strengthen your relationships with borrowers via marketing tools such as open house flyers, loan comparisons, and pre-approval letters. More than 200 vendor partners are integrated into Point, providing credit reporting, appraisal, and asset verification services, product pricing and eligibility, closing documents, compliance services, and more. Click a button and a connection is automatically made for you, so you can quickly exchange data with hundreds of service providers.
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OpenClose
Whether you close 50 loans per month or 5,000, our LOS and its native mobile app allow your Loan Officers to enhance efficiencies and reduce costs. With OpenClose, you’ll open smarter and close faster! The OpenClose LOS, LenderAssist™, solves the challenges banks, credit unions and mortgage lenders have with today’s other commercially available loan origination systems. The result? More and more banks, credit unions and mortgage lenders are turning to OpenClose than ever before. OpenClose understands that you operate your mortgage business in a profit-pinched, regulatory-intense environment and that you need a mortgage LOS that helps you address these challenges and surpass expected ROI. That’s why we designed our software as a 100% browser-based, end-to-end, omnichannel solution that:
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Origins
Whether in a branch or online, the Origins Suite is the fast, most powerful, and most flexible solution for growing your credit union. Designed by and built for credit unions, it uses modern, agile technology to optimize your existing back-office processes and assure healthy, future-proof growth. Origins take advantage of modern technology and a simple interface to streamline the account opening process, so your members can sign up in less than half the time. Don’t lose loan applicants because the process is complex or takes too long. Our simple, quick platform makes applying easy, whether it’s an existing member or a new one just signing up. Origins offer easy back-office management that supplements your current system. It integrates smoothly into all your existing membership and loan processes. Our quick and intuitive application is over twice as fast as the industry average. Modern, simple technology to open new accounts anytime, anywhere.
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MeridianLink Consumer
Gone are the days of working with many different financial solutions, patching together clunky, outdated offerings while spending too much time on the process instead of focusing on customer needs. You can now confidently and securely ensure more customers have better, more personalized experiences anytime, anywhere. We have made the digital lending process seamless by integrating our many consumer products into one powerful consumer lending and account opening platform. MeridianLink Consumer, formerly known as LoansPQ®, is the industry's leading loan origination system, providing a full loan product suite to banks and credit unions. As a single loan origination system, MeridianLink Consumer consolidates and streamlines applications from all channels, applying the same rules and processes to ensure a streamlined process for bank and credit union staff and a world-class consumer experience for members and customers.
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Pricing
Starting Price:
$500 per month
Integrations
No integrations listed.
Company Information
Technicost
Founded: 1982
Canada
www.technicost.com/products/los-loan-origination/
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Product Details
Platforms Supported
SaaS
Training
Documentation
Support
Phone Support
Online
Technicost LOS Frequently Asked Questions
Technicost LOS Product Features
Loan Origination
Amortization Schedule
Audit Trail
Customer Database
Digital Signature
Fee Management
Loan Processing
Online Application
Closing Documents
Compliance Management
Document Management