The firm was recognized for being an early- to mid-stage startup focused on creating innovative technologies and seizing opportunities
LoanLogics, a recognized technology leader in loan quality management and performance analytics, was named to AlwaysOn's first annual OnFinance "50 Companies to Watch" for 2015. The prestigious award recognizes private companies that are early- to mid-stage startups and are honing FinTech innovations, capitalizing on enormous market opportunities.
"The OnFinance Companies to Watch represents the best-of-breed of private companies in the B-to-B and personal finance, crowd-funding, payments, and digital currency sectors," said AlwaysOn founder and editor, Tony Perkins. "Given the growing demand by both consumers and Fortune 100 companies for new generation FinTech solutions, and the amount of investment dollars pouring into the space, the OnFinance "Companies to Watch" private companies are well positioned to be the fastest growing and most highly valued new companies on the planet."
LoanLogics has developed and enhanced its innovative technology platform to improve mortgage loan quality, performance and reliability throughout the loan lifecycle. "With the significant transformation that has taken place in the mortgage industry, the capabilities we provide are needed now more than ever. Lenders and industry participants must deal with the complexity of meeting investor requirements and ensuring compliance with the Consumer Financial Protection Bureau and state regulators," said Brian K. Fitzpatrick, President and CEO of LoanLogics. "Our capabilities verify and validate loan file data from pricing to pay off in ways that improve the ROI of compliance efforts, increase productivity and deliver a competitive advantage to our clients."
Companies on this list leverage their technologies and apply fresh, strategic thinking in building robust and sustainable businesses. This year's OnFinance 50 Companies to Watch were selected based on a set of five criteria: innovation, market potential, commercialization, stakeholder value, and media buzz. LoanLogics and other OnFinance Companies to Watch were honored at AlwaysOn's OnFinance event which was held on April 30, 2015, at NASDAQ OMX.
LoanLogics was founded ten years ago to improve the transparency and accuracy of the mortgage process, improve the quality of loans and reduce risk to industry participants. LoanLogics serves the needs of residential mortgage lenders, servicers, insurers, and investors that want to improve loan quality, performance and reliability throughout the loan lifecycle. It develops advanced solutions that help clients validate compliance, improve profitability, and manage risk during the manufacture, sale and servicing of loan assets. Achieving these goals was the motivation in the development of our Enterprise Loan Quality and Performance Analytics Platform. To learn more, visit www.loanlogics.com.