Cloud-based loan origination system (LOS) provider Liquid Logics has promoted Peter Kallodaychsak, a 15-year veteran of the mortgage technology industry, to vice president of business development.
Kallodaychsak previously served at sister company bFocused as a contractor.
As per a company press release, Liquid Logics began as a custom software development shop for First Horizon's subprime division in 2004 and later provided custom software development for other lenders, primarily as a provider of gap technologies for users of Ellie Mae's Encompass product. The Liquid Logics LOS was rolled out as a standalone offering in 2008.
The firm still offers its Bullseye AUS, AppraisX AMC software and Executive Insight Dashboard as standalone products, but has integrated these and other technologies into the new Liquid Logics LOS.
‘New Consumer Financial Protection Bureau regulations have made this a more dangerous environment for many mid-tier lenders to operate in,’ says Kallodaychsak, in the release. ‘The new QM rule has created both challenges and opportunities for banks who want to originate loans for their own portfolios or non-government investors. Our software is the perfect tool for this. Additionally, the regulator's focus on customer satisfaction demands a more client-centric approach to lending, which we provide.’
Recently, Liquid Logics announced a partnership with technology firm Roostify, which offers a new web and mobile service that benefits agents, lenders and home buyers.
Specifically, Roostify's new e-mortgage platform will be integrated with Bullseye, a loan origination and portfolio management system offered by Liquid Logics.
Liquid Logics currently white labels Bullseye to a number of leading national mortgage banks. The integration of Roostify and Bullseye will enable these and other Liquid Logics customers to provide a smoother and quicker transaction experience for end-users through Roostify's platform, which processes borrower application and qualification data, passes necessary information to loan officers, and automates closing activities between borrowers, lenders and realtors.