Integration with LaserPro
D+H Harland LaserPro is a commonly used closing document preparation solution among community banks and credit unions. Many community banks and credit unions also leverage LaserPro to send the loan boarding data (customer and loan information) to their core banking system. Therefore, integration with LaserPro is of paramount importance to the commercial loan origination process.
Sample Scenario: Once a commercial loan is approved, closing documents must be generated and signed to close the loan. Credit operations or closing team user generates an LP Import Plus formatted export file, launches LaserPro, imports the file, and generates the required closing documents.
Solution: D+H Harland offers LP Import Plus as an add-on module to LaserPro, allowing financial institutions to import third-party data into LaserPro. Q2 Origination leverages this integration point to allow financial institutions to import data from Q2 Origination into LaserPro. Q2 Origination users can generate an LP Import Plus formatted export file on demand and import the file into LaserPro. Q2 Origination’s LaserPro export includes more than 250 field mappings, supporting the following contexts:
Business borrowing entities
Individual borrowing entities
Borrower role and capacity information
Loan information
Collateral
Fees
Loan agreements
Once an LP Import Plus export file is generated, LaserPro users can import the file, automatically mapping the information above to the appropriate fields in LaserPro.
Value Proposition: Integration with LaserPro (via LP Import Plus) provides an opportunity to automate the boarding of loans and customers to the lenders' core banking systems. Users can reduce duplication of effort by mapping key data regarding the loan, borrowing structure, collateral, fees, and loan agreements with LaserPro, thereby eliminating re-keying during the closing document preparation process.