TREVOSE, PA, March 2, 2016
LoanLogics, a recognized leader in loan quality management and performance analytics, has announced that it is a finalist for the 23rd Annual Enterprise Awards in the Emerging Technology category. The Philadelphia Alliance for Capital and Technologies sponsors the awards.
"This award recognizes our commitment to provide innovative products and services to the mortgage industry enabling our clients to improve the quality of their loans, ensure compliance and significantly reduce the costs of originating and servicing a residential mortgage loan," said Brian K. Fitzpatrick, President and CEO of LoanLogics. "I am exceedingly proud of the work of our employees, as well as their commitment to the company and to our vision for the mortgage industry, which is how we have achieved our industry leadership and why we win awards like this one.
The criteria for being nominated in the Emerging Technology category is described as: A product or service innovation, including proprietary technology or other advantage; company milestones including strategic decisions made by management that led to growth in revenues and/or earnings; strength of management team including ability to raise capital; and profitability or demonstrated ability to achieve profitability such as strategy to achieve break even and the ability to realize high gross margins.
According to the Philadelphia Alliance for Capital and Technologies, the awards are highly competitive and an independent panel of judges selected 27 finalists to honor for their extraordinary work. The winners will be announced on May 12, 2016 at a black-tie gala held in the Terrace Ballroom of the Pennsylvania Convention Center.
LoanLogics was founded eleven years ago to improve the transparency and accuracy of the mortgage process and improve the quality of loans. LoanLogics serves the needs of residential mortgage lenders, servicers, insurers, and investors that want to improve loan quality, performance and reliability throughout the loan lifecycle. It develops advanced solutions that help clients validate compliance, improve profitability, and manage risk during the manufacture, sale and servicing of loan assets. Achieving these goals was the motivation in the development of the industry's first Enterprise Loan Quality and Performance Analytics Platform. To learn more, visit www.loanlogics.com.
On Point PR and Consulting LLC