Lendesk Spotlight may not be the first product of its kind but company founder asserts that it’s the best, featuring a combination of its pre-existing products
Canadian fintech company Lendesk has launched their Lendesk Spotlight mobile application, a purpose-built tool for Canada’s mortgage industry professionals. Leveraging Lendesk’s core desktop functionalities, including Spotlight Search (Product Pricing Engine) and many Spotlight Submit (Point of Sale) features, the mobile app will grant Canadian mortgage brokers on-the-go access to the rate and policy information they need to make informed and accurate decisions.
“Mortgage brokers today are an incredibly mobile force, and yet, continue to need to be within arm’s reach of a computer to do their jobs. Put simply, this is fundamentally not how they operate anymore and impacts their ability to deliver an exceptional experience to their clients, Canadian homebuyers,” says Alex Conconi, founder and CEO of Lendesk. “We couldn’t be more thrilled to bring the Lendesk Spotlight mobile app to market for the country’s brokers, empowering them with the information they need to not only answer questions about rates and the type of mortgage their clients can qualify for, anytime, anywhere but deliver a better, more efficient service to homebuyers.”
Lendesk’s two main products are a pricing engine and a POS system. Lendesk Spotlight is the first step that Lendesk has taken to combine those two feature sets: the functionality of taking an application, pulling credit, and submitting to a lender, as well as qualifying that application.
“Where we’re going with this is, as you’re taking an application for your client, you’ll be able to see what products they qualify for automatically just as you take the application,” Conconi said.
Aggregating more than 3,500 policies and qualifying guidelines, the Lendesk Spotlight mobile app is designed to help brokers find the best lender and product for their clients efficiently and in real-time. Some of the additional app features include the ability to filter by policy types, rates, and/or lenders; calculate payments; and create applications from a mobile device and have it sync securely to a desktop device, reducing the potential for errors and even fraud.
“We’ve taken the time to learn and work with brokers to understand what really matters and what they really want out of a product, and then also taking the time to work with the lenders to be able to produce that for them. I think there’s been a lot of products that rush to market and promise a lot but end up falling short on the delivery,” Conconi said. The iPhone was not the first smartphone on the market, but it was the best, and that’s what we’re targeting here, is not to be the first, but to be the best.”
This launch comes on the heels of Lendesk’s acquisition of LenderSpotlight in 2019 and the now complete integration of LenderSpotlight into Lendesk’s existing platform. The Lendesk Spotlight mobile app is available in the App Store on iOS mobile devices, and an Android version will be available before the end of Q1.
Lendesk was founded in 2014 by former mortgage broker and private lender, Alex Conconi of Conconi Growth Partners. Located in Vancouver, the Lendesk team is composed of software developers, app designers and online security experts. Lendesk is SOC 2 certified and annually audited by KPMG. Lendesk recently moved to a larger office in Yaletown to accommodate its growth as it looks to scale its workforce in 2019.
