Northteq, a provider of Salesforce loan origination solutions, announced more than 60 updates and upgrades to its suite of loan origination products. With the latest feature updates, Northteq is taking a step toward eliminating email from lending by streamlining the application process and creating efficiencies between lenders and their vendor partners.

Some of the notable updates include a credit summary feature, providing lenders a snapshot of all their trusted credit information in one place, and three new application features designed to maximize the ease of deal submissions and expedite application creation. The application upgrades are a direct response to feedback gathered from equipment finance lenders, vendors and brokers. The features are aimed to boost the relationships and productivity of application intake between lenders and their vendor and broker partners.

Highlighted features include:

• App-to-app drag-and-drop OCR technology enabling instant population of credit applications into Salesforce and eliminating paper-based applications.
• Equipment-finance-as-a-service (EFaaS), taking a deal from application to documents without human involvement utilizing a 100% API-enabled integration.
• White-labeled credit applications meeting the needs of vendors and broker partners, allowing branded PDF applications through the partner portal.