LoanLogics has unveiled its MERS Independent Third Party Performance Monitoring and Annual Review service, a specialty niche audit practice. The service audits and tests MERS controls and processes, an offering many servicers need and have done without for too long.
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LoanLogics Unveils Its MERS® Independent Third Party Performance Monitoring and Annual Review Service
The offering helps to ensure that servicers have a way to audit and test their MERS controls and processes for compliance with regulations Fort Washington, PA | November 20, 2013 -
LoanLogics Receives $11.2 Million in Funding from Volition Capital and Existing Investors
The infusion of growth capital will help fund the company’s continued growth and enhancements of its enterprise platform Fort Washington, PA | November 15, 2013“Loan quality management technology is critical to provide data transparency and meet the increased regulatory requirements following the mortgage crisis” said Roger Hurwitz, Managing Partner of Volition Capital. “LoanLogics has the right vision and management team to provide the much needed innovation needed to better control costs and manage underwriting risk.” Hurwitz has joined the board of directors.
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LoanLogics Upgrades LoanDecisions™ Fair Lending Feature
Delivers compliance at the loan-level and provides an audit trail that proves the lender offered the borrower the best product and rate available Fort Washington, PA | October 9, 2013“Lenders that use this feature can combat implications of disparate impact or treatment because they can provide the CFPB with an audit trail proving that the borrower was given the best program, price and lock period available,” said Matt Thoman, Product Manager for Origination Technologies at LoanLogics. “This demonstrates that the borrower received the best deal. This decision can be tied back to the lender’s pricing policy.”
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LoanLogics Hires Sheridan and Glavey as Senior Vice Presidents and Howley as Vice President
The addition of these executives will help ensure the firm’s continued growth and an expansion of its services Fort Washington, PA | October 1, 2013LoanLogics has hired Douglas R. Sheridan as Senior Vice President of Channel Partner Relationships and Strategic Initiatives, Gerard “Gerry” Glavey as Senior Vice President and Chief Credit Officer, and Chris Howley as Vice President of Sales to accommodate the unprecedented growth in its business.
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LoanLogics Hires Matt Thoman as Product Manager for its Pricing and Eligibility Decisioning Technologies
The well-respected mortgage pro will lead development of the firm’s origination technologies and the powerful LoanDecisions™ platform Fort Washington, PA | July 24, 2013In that role, he is responsible for LoanDecisions, the most advanced product eligibility and loan pricing engine available in the mortgage market—a system that delivers accurate, real-time investor pricing and eligibility data.
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LoanLogics Unveils Automated Module for MERS® Reconciliation and Audit Requirements
Platform delivers compliance with regulations and is free of risky, cumbersome manual processes Fort Washington, PA | July 15, 2013The new module which has been developed on LoanLogics’ LoanHD™ platform, addressed the reconciliation of MERS data with servicing system data.
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LoanLogics-Platinum Data Partnership Delivers AVMs With Industry Leading Accuracy And Hit Rates
Clients gain the advantages of the most accurate data in the mortgage industry and valuation hit rates of up to 95% Fort Washington, PA | June 25, 2013LoanLogics is integrating a set of best performing AVMs from Platinum Data’s independent platform into LoanHD™, a single source solution designed to gauge and monitor risk in mortgage loan portfolios and provide best-of-breed data services such as automated valuation models.
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LoanLogics Hires Price as Senior Vice President and Promotes Durham, Ahmer and Artman to Senior Leadership Roles
The catalyst for these human resources moves is the tremendous growth of the company’s business Fort Washington, PA | May 31, 2013LoanLogics, because of its rapid growth, has hired Jessica Price as Senior Vice President of Professional Services, promoted Griff Durham to Senior Vice President of Operations, Mary Anne Ahmer to Senior Vice President of Marketing, and Ira Artman to Senior Vice President of Product Management.
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AKLERO-NYLX MERGER FORMS LOANLOGICS
Combination Creates First Enterprise Loan Quality and Performance Analytics Platform Fort Washington, PA | May 6, 2013Aklero Risk Analytics Inc., a provider of loan quality management software and services via automated data and document validity assurance, and NYLX, a leading provider of mortgage loan pricing, performance analytics and monitoring, have announced that the companies have signed an agreement to merge.
