Lending Solutions Inc. says it processed more than 40,000 loan applications in the month of August, the most in the company's 16-year history.
The Elgin, Ill., firm said it also is seeing growth in its other contact center activities, prompting the hiring of more than 100 new employees so far this year, with another 30 hires forecasted by year's end.
“2011 has been an incredible year for LSI and our clients. Throughout the spring and summer months, we have been reaching new application and transaction milestones on almost a daily basis,” said Lee Kolquist, CEO of the company founded by industry consultant Rex Johnson.
The company began processing loan applications by phone in 1995 and has since added online lending, indirect underwriting, mortgage operations, collections outsourcing, outbound marketing and general member service transactions.
More than 300 credit unions, banks and mortgage companies now use its 7/24 services, LSI said.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
