Launched in October 2018, FAST is an online tool that enables the physical transfer of mortgage servicing rights by extracting information from imaged documents. Leveraging drag-and-drop functionality, FAST standardizes and simplifies the exchange of documents and data, freeing lenders from managing servicer-specific requirements and processes, while also eliminating multiple, time-consuming manual steps. FAST also gives mortgage servicers a more efficient method to receive documents and data from a variety of lenders, a process that has traditionally been one of the most challenging aspects of servicing transfers.
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LoanLogics Teams with Freddie Mac To Provide Technology Advancements for Faster MSR TransfersIndustry leader in loan quality technology supports GSE’s FAST tool, which eliminates manual processes and streamlines the exchange of mortgage servicing rights Trevose, PA | August 15, 2019
Elizabeth Green joins LoanLogics as Chief Collateral OfficerCompany seeks to expand its collateral assessment capabilities and offerings Trevose, PA | June 19, 2019
“Liz will play a vital role in expanding our product offerings by deepening our collateral assessment capabilities and overall product strategy,” said Dave Parker, chief product officer. “Today’s collateral valuations and assessments are more data intensive and technology oriented than ever before. Liz brings her skills and extensive experience in developing solutions for mortgage lending and property valuation to collateral compliance. We’re thrilled to have Liz as a member of LoanLogics’ leadership team.”
Paul Vancheri joins LoanLogics as EVP Of TechnologyVancheri brings over 35 years of IT and regtech experience with senior executive roles at Finastra, Fidelity Investments and the Department of Defense Trevose, PA | June 6, 2019
Vancheri has significant, senior experience in the technology industry. He has worked closely with executives and corporate boards in the financial services industry, helping them navigate through complex decisions involving technology, business strategy and global operations.
LoanLogics Announces New CEOPresident & COO Bill Neville promoted to CEO Trevose, PA | April 18, 2019
“All of us at LoanLogics would like to thank Brian for his contributions to the company and our mission to improve transparency, accuracy and quality within the mortgage process,” said Howard Conyack Jr., founder and chairman of LoanLogics. “Under Bill’s leadership, we will continue to focus on operational excellence and drive technology development to remain at the forefront of industry innovation for years to come.”
LoanLogics To Sponsor American Cancer Society's Hope GalaCEO Brian Fitzpatrick will chair the April 12 South Jersey event Trevose, PA | April 2, 2019
The Hope Gala raises funds for a variety of patient programs and services to support cancer patients, their caregivers and those whose lives have been affected by cancer. The mission of this year’s event is providing access to care for cancer patients. The gala is in its 8th year and has raised nearly $1.5 million for ACS. It once again will feature sumptuous food, a fantastic live band, dancing, a specular auction, and with this year’s theme it will be a sports extravaganza as we celebrate/salute Philadelphia sports.
LoanLogics and VirPack Announce Strategic Partnership to Transform Lending OperationsIndustry pioneers to remain at the forefront of industry trends with solutions that provide efficiency, accuracy, and streamlined workflows for digital mortgage sector Trevose, PA and McLean, VA | March 25, 2019
By leveraging an integration between LoanLogics IDEA™ and VirPack’s virtual document management and automated workflow platform, the companies remain at the forefront of providing market leading solutions that increase the speed and accuracy of document recognition, data extraction, and file review; and reduce the cost of creating and ensuring loan quality.
David Parker joins Loanlogics as SVP of Product ManagementFormer Fiserv, CoreLogic and Wells Fargo senior executive joins loan quality technology leader Trevose, PA | January 4, 2019
Parker will be responsible for defining and executing the vision and direction of the company's product portfolio to rapidly grow sales, customer engagement and retention. He will also be responsible for designing new solutions for the industry's current challenges while positioning LoanLogics for the market's future demands.
LoanLogics Releases New EarlyCheck Integration for LoanHD®Enhancement enables lenders to streamline reviews of all Fannie Mae loans Trevose, PA | December 5, 2018
As an approved Fannie Mae technology vendor, LoanLogics has built a seamless interface to Fannie Mae's EarlyCheck application that enables lenders to run EarlyCheck during the audit process, view the warnings and edits in the response, and correct loan data errors in the loan file. This new integration helps to assure all loan data is accurate and complete when delivered to Fannie Mae.
PenFed Selects LoanLogics' LoanHD® platform for Correspondent DivisionRegtech solution expected to support increase monthly loan volume through advanced automation Trevose, PA | November 13, 2018
PenFed, a federal credit union with 1.7 million members and $23.5 billion in assets, chose LoanLogics to help them increase their capacity for growth in their correspondent lending business, according to Ben Sizemore, PenFed's senior vice president of mortgage transformation. By automating a substantial number of tasks and streamlining loan deliveries, Sizemore expects LoanHD will enable a significant expansion of the credit union's monthly loan volume as their business grows.
LoanLogics Enhances its LoanHD Investor Module with Direct Trade CapabilityNew improvements to the LoanHD Investor Module for Correspondent Loan Acquisition give lenders and investors the ability to conduct and manage direct trade commitments Trevose, PA | October 23, 2018
The LoanHD Investor Module automates every step in an investor’s loan acquisition workflow from initial loan pricing, creation and management of commitments all the way through locking, hedging loan funding and onboarding.
LoanLogics and Optimal Blue Join Forces to Automate Loan Acquisition for Correspondent LendersNew Alliance Includes Optimal Blue Acquisition of LoanLogics’ PPE Business, LoanDecisions™ Trevose, PA | October 1, 2018
LoanLogics’ LoanHD platform provides automation for every step in the loan acquisition process – from initial seller application review to loan funding and servicing onboarding – and overcomes the challenges that stem from a traditionally manual and fragmented correspondent loan purchase workflow. With the capabilities of LoanHD, investors ensure the loans they are buying are high quality, compliant, and accurately priced, while sellers experience rapid turnaround for funding and enhanced availability of warehouse lines. Additionally, both parties gain value by finding and curing defects before loans are purchased.
LoanLogics Helps Summit Funding Save 40% on Quality ControlBy switching to LoanLogics' technology, national lender realizes more robust reporting and increased productivity Trevose, PA | September 25, 2018
Summit Funding, a national, purchase-focused lender, began using LoanLogics' technology in 2017. Prior to that, the company had been using a third party provider for post-close quality control. But Summit was looking for more robust, granular reporting, as well as a broader approach to QC, rather than simply a focus on compliance.
LoanLogics Helps Planet Home Lending Boost Correspondent Productivity by 300%Mortgage lender’s rapidly growing correspondent division reaps huge benefits from LoanLogics IDEA™ and LoanHD® for loan indexing and loan reviews Trevose, PA | August 13, 2018
Planet Home Lending began using LoanLogics' technology at the beginning of 2017, and has since tripled its acquisition of correspondent loans, from roughly 300 loans per month to over 1000 loans per month. With the help of LoanLogics’ technology, Planet Home Lending also significantly reduced loan file review time from three to seven days at the beginning of 2017 to currently only 24-48 hours.
LoanLogics’s Meg Guard Named a Woman of Influence by HousingWireVice president for account management is recognized for her work helping lenders utilize technology to automate mortgage loan quality Trevose, PA | August 1, 2018
The Women of Influence program honors the significant contributions of women to both mortgage banking and real estate.
In an industry long known for resisting change, Guard is recognized for her leadership in helping lenders leverage automation and artificial intelligence technology to tackle record-high loan origination costs and meet investor demand for error-free loans.
Rick Hall Named to HousingWire’s Rising Stars 2018 List.LoanLogics, a recognized leader in loan quality technology for mortgage manufacturing and loan acquisition, is proud to announce that account manager Rick Hall has been named a 2018 Rising Star in the mortgage industry by HousingWire. Trevose, PA | June 01, 2018
Hall, 34, has worked for LoanLogics since 2009. He was recognized for helping clients "get the most out of their technology investment with LoanLogics and improve the efficiency and effectiveness of their audit teams," HousingWire said. "He also supports clients who outsource QC to LoanLogics, working with them to optimize the process and help them understand the technology."
LoanLogics Announces MSR Consulting Partnership with Transformational Mortgage Solutions.Company continues focus on its core products and services that improve ROI for clients Trevose, PA | May 21, 2018
As part of the partnership, TMS will acquire LoanLogics’ non-core MSR consulting products and re-brand LoanLogics’ MarketLogics newsletter, which informs readers on technical, interest rate, volatility and yield spread outlooks for the mortgage industry. Les Parker, who oversaw MarketLogics and led LoanLogics’ industry relations and consulting efforts, will join TMS as its Managing Director. He will continue working closely with LoanLogics.
LoanLogics Named to HousingWire's TECH 100 List for the Fifth Straight Year.Company's core product LoanHD™ receives accolades for the fifth straight year. Trevose, PA | April 9, 2018
LoanLogics was recognized for its core product, the LoanHD® loan quality platform, one of the most widely used enterprise technology platforms in the mortgage industry. LoanHD enables real-time, highly automated mortgage quality control and provides significant productivity lift as compared to manual internal audits, other technologies or third-party audit services.
LoanLogics Analyst Warns of Imminent Mortgage Market VolatilitySVP Les Parker Predicts Sharp Drop in Originations as Interest Rates Rise Trevose, PA | April 9, 2018
"This year is shaping up as a year of volatility for the residential mortgage industry, with originations plunging as interest rates rise in response to $1 trillion reductions in asset purchases by central banks," says industry analyst and blogger Les Parker, CMB, who is senior vice president of industry relations and consulting at LoanLogics
Bill Neville Joins Loanlogics As President, COONeville brings more than two decades of leadership and mortgage credit expertise to loan quality technology provider Trevose, PA | January 22, 2018
Brian Fitzpatrick, CEO and former president of LoanLogics, will focus more of his time and energy on strategy, revenue growth, new clients, new products and continuing to improve customer satisfaction. As the CEO, Fitzpatrick is also LoanLogics' "chief culture officer" and will be responsible for ensuring the organization remains faithful to its values during a time of rapid growth.