“Lenders have long recognized the importance MERS plays in helping save time, money and improving accuracy. At the same time, however, there is an extensive procedures manual that servicers have to familiarize themselves with, and that can prove to be a daunting task for many of them,” said Gary Vandeventer, who recently joined LoanLogics as Vice President Loan Servicing Consulting. “Our firm can deliver the expertise required to review MERS processes and procedures and ensure that clients are always compliant. We perform those services for them on a continuous basis.”
LoanLogics Unveils Its MERS® Independent Third Party Performance Monitoring and Annual Review ServiceThe 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 InvestorsThe infusion of growth capital will help fund the company’s continued growth and enhancements of its enterprise platform. FORT WASHINGTON, PA | November 15, 2013
Volition Capital, a Boston-based growth equity firm focused on high growth, market leading technology companies, invested $10 million in LoanLogics. “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.
LoanLogics Upgrades LoanDecisions™ Fair Lending FeatureDelivers 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.”
LoanLogics Hires Sheridan and Glavey as Senior Vice Presidents and Howley as Vice PresidentThe addition of these executives will help ensure the firm’s continued growth and an expansion of its services. FORT WASHINGTON, PA | October 3, 2013
“These executives bring a wealth of experience in quality control consulting with clients and now can support those efforts with LoanLogics’ proven, advanced technology platform,” said Brian K. Fitzpatrick, CEO and President at LoanLogics. “Douglas is a respected sales, marketing, and strategic thinker in this industry. Gerry has decades of experience working in residential mortgage credit and compliance and brings insights that few in the industry can match. Chris has excelled in business development roles in virtually every aspect of the mortgage business over 30 years.”
LoanLogics Hires Matt Thoman as Product Manager for its Pricing and Eligibility Decisioning TechnologiesThe well-respected mortgage pro will lead development of the firm’s origination technologies and the powerful LoanDecisions™ platform FORT WASHINGTON, PA | July 24, 2013
“Matt proves every day that he is a creative, out of the box thinker who will fit right in with our client focus, corporate culture, and commitment to innovation,” said Brian K. Fitzpatrick, President and CEO of LoanLogics. “He brings a knowledge of the mortgage market and a commitment to solving mortgage industry challenges that’s best in class.”
LoanLogics Unveils Automated Module for MERS® Reconciliation and Audit RequirementsPlatform delivers compliance with regulations and is free of risky, cumbersome manual processes FORT WASHINGTON, PA | July 15, 2013
The new module which has been developed on LoanLogics’ LoanHD™ platform, addressed the reconciliation of MERS data with servicing system data. “It identifies errors or inconsistencies and flags them so that they can be resolved, keeping the servicer in compliance with the MERS audit requirements and rules,” said Don Smith, Product Manager for LoanHD. “It generates an audit trail that is transparent to the parties and eliminates the need for servicers to manually review spread sheets to find inaccuracies.”
LoanLogics-Platinum Data Partnership Delivers AVMs With Industry Leading Accuracy And Hit RatesClients 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, 2013
LoanLogics 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. Platinum Data’s OptiVal™, an independent, fully automated and configurable AVM validation technology, will offer LoanLogics an AVM cascade that delivers a hit rate of up to 95% with unparalleled accuracy.
LoanLogics Hires Price as Senior Vice President and Promotes Durham, Ahmer and Artman to Senior Leadership RolesThe catalyst for these human resources moves is the tremendous growth of the company’s business. FORT WASHINGTON, PA | May 31, 2013
“Jessica has been actively engaged with our team and our customer base and is already making a positive impact on existing clients and with the company's large and rapidly growing implementation pipeline of new clients. Griff’s expertise and track record of excellence and success has made him the logical choice for his promotion into this key position,” said Brian K. Fitzpatrick, CEO and President of LoanLogics. “Ahmer played a significant role in the building of our brand in the marketplace and in the roll out of LoanLogics. Artman was indispensable in the effort to create advanced analytical tools for originators and servicers and is uniquely positioned to lead our Product Management team and keep our solutions ahead of the competition.”
AKLERO-NYLX MERGER FORMS LOANLOGICSCombination Creates First Enterprise Loan Quality and Performance Analytics Platform Fort Washington, PA | May 6, 2013
The combined company, LoanLogics, launches as a recognized leader in performance and loan quality analytics. The rapidly growing company has 450 clients and over 20,000 users and offers proven technology, compliance and risk expertise, and strong industry leadership to improve the transparency and reliability of loan assets through life of the loan.