Correspondent lending is built on relationships that now demand innovative technology that optimize the transaction process for both buyer and seller. That optimization should result in a fast turn time, trade transparency, reduced risk and of course profit. Loan Origination Systems (LOS), which have acted as a partial substitute technology, have long been used to facilitate the process and are…
For more than six years, Trevose, Pennsylvania, held the honorary distinction of LoanLogics’ headquarters. Over the years this office hosted countless clients, “all hands” company meetings, white boarding strategy sessions between cross-functional teams, and plenty of pretzel days (a bit of a “Philadelphia thing”) sponsored by our colleagues and local vendors. Trevose, Pennsylvania – former LoanLogics corporate headquarters office…
In the mortgage industry, compliance is a day in, day out task that like everything else is affected by business conditions. This is particularly true in a year like 2020 that tested business continuity plans, affected staffing, and redirected much of our attention away from managing the normal ebbs and flows of business to juggling the latest hot potato. (Many…
From regulation and compliance to investor guidelines, data accuracy undoubtedly must be at the core of everything the mortgage industry does. Speed and cost must also be properly balanced against it to succeed. Our director of technology discussed this in a 2018 blog post, “The Iron Triangle of Data Extraction.” LoanLogics certainly puts the importance of this message at the…
When we launched LoanLogics® IDEA OnDemand back in April, we knew it was a tool primed to transform loan production. This became increasingly clear, as we watched volumes shoot through the roof this summer. We saw how manpower alone could not efficiently manage the mushrooming mortgage document processing workload. Over the last few months while talking with lenders about the…
When LoanLogics signs a new client, both for outsourced quality control and those using our LoanHD® audit platform, it’s common place for an account manager to check in to see if we are delivering as promised. We work with clients to assess the value of our technology, timeliness of our services and responsiveness of our support. This touch base also…
