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Founded Year



Unattributed | Alive

Total Raised


Last Raised

$500K | 5 mos ago

About LenderLogix

LenderLogix provides finance and account services. It offers mortgage and point-of-sale platform for mortgage banks, credit unions, depositories, and brokers. Its products include QuickQual, Fee Chaser, LiteSpeed, and Operation Fido. LenderLogix was founded in 2016 and is based in Buffalo, New York.

Headquarters Location

760 Seneca Street Suite 300

Buffalo, New York, 14210,

United States



LenderLogix's Product Videos

LenderLogix's Products & Differentiators


    LiteSpeed is a fully custom branded mortgage point-of-sale solution designed to provide homebuyers with a simple yet amazing user experience. Faster leads, increased applications, simplified document collection, and reasonable cost - all up and running in a few weeks. As an ICE Mortgage Technology™ Gold Partner, LenderLogix has built a direct integration between LiteSpeed and Encompass® to ensure lenders can operate in a seamless environment from the first point of contact to maximize their loan origination system (LOS) investment.


Latest LenderLogix News

LenderLogix Homebuyer Intelligence Report Data from Q4 2023 Shows Steady Home Buying Activity

Feb 3, 2024

Massachusetts Newswire LenderLogix Homebuyer Intelligence Report Data from Q4 2023 Shows Steady Home Buying Activity By BUFFALO, N.Y. /Massachusetts Newswire – National News/ — LenderLogix, a leading provider of mortgage point-of-sale and automation software for banks, credit unions, independent mortgage banks, and brokers, today announced the latest release of the Homebuyer Intelligence Report, a quarterly summary of insights into borrower behavior during the home buying process based on data collected by the LenderLogix suite of tools. The latest report covers data collected during the pre-approval and borrower application process during the fourth quarter (Q4) of 2023. Pre-Approvals In Q4 2023, borrowers generated 35,008 pre-approval letters through LenderLogix’s QuickQual pre-approval platform, a decrease of 23% from Q3. The average number of pre-approved borrowers per loan officer decreased by 15% from 24 in Q3 to 20.4 in Q4. The average pre-approval letter loan amount in Q4 decreased slightly by less than 1%, to $294,229, compared to Q3’s average loan amount of $295,312. The average sales price also stayed nearly the same, increasing less than 1% from $345,031 in Q3 to $345,351 in Q4. The average down payment size shows a slight uptick, moving from 14.5% in Q3 to 14.8% in Q4. Conventional loans remained the most popular loan type for pre-approved borrowers, with its share remaining steady at 75%. FHA pre-approvals declined incrementally to 18.5% versus 19% in Q3, as did VA (4%) and USDA share (1%). “Our Q4 findings remain steady in comparison to Q3. With the challenges homebuyers face remaining the same between the two quarters, it’s no surprise,” said LenderLogix Co-Founder and CEO Patrick O’Brien. “As we gear up for the spring market, it’s crucial for lenders to remain vigilant in acquiring the tools and resources essential for enhancing affordability in home buying and guiding potential borrowers through the process. Borrower Conversion Of the borrowers using QuickQual in Q4 2023, the average number of days between pre-approval and loan submission decreased to 86.9 days, compared to 89.8 days in Q3. The most prolonged duration between pre-approval and application decreased significantly from 1,274 days in Q3 to 612 days in Q4. Despite this significant change, the conversion from borrowers using QuickQual to loan application increased slightly from 53% in Q3 to 55% in Q4. Within this subset, borrowers generated an average of 8.45 pre-approval letters before converting. “With the change in interest rates over the last quarter of 2023, borrowers are stepping off the sidelines,” O’Brien added. “Given the Federal Reserve’s announcement of several interest rate cuts to come in 2024, we can expect this kind of borrower activity to continue to rise.” Data from the Homebuyer Intelligence Report is available to the industry free of charge. To learn more about LenderLogix, visit About LenderLogix LenderLogix leverages the four decades of firsthand mortgage origination and real estate experience of its executive team to design customized software to meet the needs of today’s mortgage lenders. The company’s suite of products addresses the speed at which today’s real estate market moves by delivering technology solutions that create agile and informed borrowers, build strong referral partners and ultimately save lenders time and money. For more information, visit . This version of news story was published on and is Copr. © 2024 Massachusetts Newswire™ ( ) – part of the Neotrope® News Network, USA – all rights reserved. Information is believed accurate but is not guaranteed. For questions about the above news, contact the company/org/person noted in the text and NOT this website. Related News Stories:

LenderLogix Frequently Asked Questions (FAQ)

  • When was LenderLogix founded?

    LenderLogix was founded in 2016.

  • Where is LenderLogix's headquarters?

    LenderLogix's headquarters is located at 760 Seneca Street, Buffalo.

  • What is LenderLogix's latest funding round?

    LenderLogix's latest funding round is Unattributed.

  • How much did LenderLogix raise?

    LenderLogix raised a total of $500K.

  • Who are the investors of LenderLogix?

    Investors of LenderLogix include WNY Impact Investment Fund.

  • Who are LenderLogix's competitors?

    Competitors of LenderLogix include SimpleNexus and 2 more.

  • What products does LenderLogix offer?

    LenderLogix's products include LiteSpeed and 2 more.

  • Who are LenderLogix's customers?

    Customers of LenderLogix include Premium Mortgage Corporation and The Mortgage Firm.


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