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INTERNET | Internet Software & Services / Accounting & Finance
loanlogics.com

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Founded Year

2005

Stage

Acq - Fin | Alive

Total Raised

$23.35M

About LoanLogics

LoanLogics, formerly Aklero Risk Analytics, provides technology that improves the transparency and accuracy of the mortgage process and improves the quality of loans. The company serves the needs of residential mortgage lenders, servicers, insurers, and investors that want to improve loan quality, performance and reliability throughout the loan lifecycle by helping clients validate compliance, improve profitability, and manage risk during the manufacture, sale and servicing of loan assets.

LoanLogics Headquarter Location

10401 Deerwood Park Blvd Capital Plaza Bldg. II, Suite 2300

Jacksonville, Florida, 32256,

United States

888-837-9066

Latest LoanLogics News

Digital mortgage provider LoanLogics bought by Sun Capital

Jul 9, 2021

Digital mortgage provider LoanLogics bought by Sun Capital Sun Capital has invested in over 425 companies worldwide since 2005 July 9, 2021, 11:58 amBy Tim Glaze Share On Terms of the private transaction were not disclosed. The LoanLogics platform provides technology automation for mortgage document processing and data-driven audit software that improves efficiency, enhances transparency, streamlines commerce, and reduces risk. “Sun Capital is thrilled that LoanLogics is our second technology platform investment after formalizing our technology vertical,” Marc Leder, Sun Capital co-chief executive officer, said in a statement. “Inefficiencies in data and workflow are driving rising mortgage market costs, and LoanLogics helps solve this industry challenge.” Bill Neville, LoanLogics CEO, said the current mortgage technology market has an estimated value of more than $10 billion. Presented by: Iron Mountain “The support and resources Sun Capital is capable of providing to companies like ours will enable LoanLogics to continue to ensure quality performance for our clients, enhance our operations and best serve the rapidly modernizing mortgage technology market,” Neville said. Since 1995, private equity firm Sun Capital has invested in more than 425 companies worldwide with revenues in excess of $50 billion. It has offices in Boca Raton, Florida, Los Angeles and New York. LoanLogics was founded in 2005. Two specific areas LoanLogics focused on in 2020 included a new on-demand document processing technology (IDEA OnDemand) and greater automation for HMDA reporting and the generation of LARs, which enable lenders to automate more than 90% of their HMDA review tasks. The company says it nearly doubled processing of loans per month in 2020, adding more automation for clients. It also reported a 40% increase in revenue from 2019 to 2020. Leave a comment

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Expert Collections containing LoanLogics

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

LoanLogics is included in 4 Expert Collections, including Mortgage Tech.

M

Mortgage Tech

174 items

R

Regtech

1,342 items

Technology that addresses regulatory challenges and facilitates the delivery of compliance requirements in FIs. Regulatory technology helps FIs and regulators address challenges ranging from traditional compliance and risk management to data reporting and transmission.

E

Enterprise SaaS

2,452 items

Software-as-a-service (SaaS) – internet based software offered as a subscription – continues to become the de facto standard for software distribution and consumption. Enterprise SaaS continues to show particular promise, emerging as one of the most well-funded categories. Startu

F

Fintech

26,163 items

US-based companies

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