menu
177 Huntington Ave,
16th Floor Boston, MA 02115
+1 617 830 2100
Volition
Nov 16, 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.

LoanLogics, a recognized leader in loan quality management and performance analytics technologies for the mortgage industry, has announced that it has raised $11.2 million dollars in funding from Volition Capital and existing investors.

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.

“The infusion of growth capital will help further our national expansion and enhancements to our Enterprise Loan Quality Management System, addressing quality from when the loan is priced all the way through its lifecycle to the loan payoff,” said Brian K. Fitzpatrick, President and CEO of LoanLogics. “The industry is desperate for automation that reduces the costs and increases the benefits of loan quality management. This investment will help us accelerate our growth and broaden our customer base in this important market.”

Lenders have turned to LoanLogics’ capabilities to improve the efficiency of their loan processing and to work smarter, thereby increasing the number of loans they can process per person per day, driving cost savings and improvements in loan quality management.

“Our technology is already without peer in the mortgage business and with the investment that we received from Volition, we are committed to expediting new product features and functionality to help our customers stay ahead of change being driven by the dynamic regulatory environment,” said Fitzpatrick. “With our commitment, experience, and depth of talent, we are well positioned to make that happen.”

Similar Articles
  • Volition
    Funding Announcement
    Arteza Raises $24m Series A With Volition Capital; Achieves 10x Revenue Growth Over Two Years
    Read Press Release  High growth consumer brand is disrupting the multi-billion dollar art supplies industry by providing well designed and affordable products direct-to-consumer MIAMI (PRWEB) NOVEMBER 26, 2019 Arteza, the leading direct-to-consumer arts and crafts supplies company, today announced it has raised $24 million in Series A funding from growth equity firm Volition Capital. The company’s revenue growth … Continued
    Read more
  • Volition
    Funding Announcement
    Built in Boston Reports: GRAX Raises $12M with Plans for Boston Headquarters
    Read Article in Built in Boston, by TATUM HUNTER We’re excited to continue to see great news around Grax. We’re also thrilled to see the Grax team looking to Boston for its HQ. Excerpt from Article: “One of the fundamental beliefs we have is not holding a customer hostage from their data,” GRAX CEO Joe … Continued
    Read more