In Fort Washington, Pennsylvania, LoanLogics introduced its newly launched LoanHD AppQ Network, a service designed to provide users with service ordering and delivery interfaces to third-party providers all through the company’s single-source LoanHD solution.
“The LoanLogics LoanHD AppQ Network was developed to ensure that lenders and service providers can more easily leverage an ecosystem of services through the LoanHD platform,” explained Brian K. Fitzpatrick, president and CEO of LoanLogics. “We want to provide clients access to additional service applications that create efficiency, reduce error and enable them to enhance their loan quality management practices to drive to a zero defect rate.”
With the industry facing new layers of regulatory scrutiny, the company says the need to improve quality management practices and analytics is greater than ever before—which is exactly what its products seek to address.
As of now, current network members include TransUnion, Andrew Davidson & Co., Veros, Platinum Data Solutions, ComplianceEase, DataQuick, and IXI Services. LoanLogics says it is also working with Milliman, MasterServ, and other service providers to continue expanding.
“We serve clients from small to large with varying degrees of complexity and needs. After surveying our clients, we designed a network to offer a variety of services that directly address the needs of our clients,” said Terese Campbell, LoanLogics’ SVP of product management. “Our goal is to continue to expand the network as our clients’ needs evolve, while maintaining streamlined vendor management.”