A New Horizon for LoanLogics with Sun Capital Partners

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There has been a resounding sense of excitement here at LoanLogics since the announcement of our acquisition by an affiliate of Sun Capital Partners, and there’s good reason. Every single one of our associates, new hires and veterans alike, played a role in creating the value that made us so attractive to not only Sun, but multiple interested parties.  Sun Capital, however, was the perfect fit!  Now, with their experience, resources and financial support we can expand our technology capabilities and services with operational excellence and speed.

Our clients will directly benefit from product enhancement that will deliver even greater value. It is our goal to continue to ensure quality performance for them, while taking our portfolio even further in the service of the rapidly modernizing mortgage technology market. 

The lack of automation throughout the $10 billion dollar mortgage tech industry and the potential to improve a sector so important to our economy was one of the reasons Sun Capital was attracted to our business. Our data-driven digital technology can help streamline and simplify quality management through the production, servicing and sale of loan assets.    

Operating under a new ownership model, the employees and management team who helped guide our recent growth will play a major role in the next chapter of LoanLogics. As a collective LoanLogics team, we have built a strong and enduring business and one has not hit its ceiling in terms of growth and performance.

We all look forward to the next phase of our journey.

Stay tuned to see what’s next for LoanLogics. Since 2020, we have launched three new products, the most recent in support of removing the friction in MSR transfer between counterparties. Our vision remains focused on building out a premier investor network ecosystem for digital commerce.

I recently spoke with Mortgage Professional Magazine about the Sun Capital acquisition and you can read that here.

For the formal announcement read the July 7, 2021, press release.

About the Author

Bill Neville

As CEO of LoanLogics, Bill Neville is responsible for overseeing all company operations, technology and software development, and leading the strategies that continue the company’s rapid growth as a regtech technology provider. In addition to his executive role, he is also a member of LoanLogics' Board of Directors. Neville has more than 25 years of experience in the financial services industry. Most recently he served as president of North America for Finastra, one of the world's largest fintech corporations. Prior to Finastra, he served as a board director and later president of U.S. business to its predecessor company, D+H, where he played an important role in the company's acquisition of various companies including Mortgagebot, Avista Solutions and Harland Financial. He also served as managing director and head of Citi's North American hedge fund servicing business, as president of BISYS Alternative Investment Services, and as group president of BISYS Banking Solutions Group. Earlier in his career, Neville held senior positions at several technology companies, including IBM. Bill is a veteran of the U.S. Navy and holds an MBA from Suffolk University's Sawyer School of Management.