List of LoanLogics IDEA Customers
Jacksonville, 32246, FL,
United States
Since 2010, our global team of researchers has been studying LoanLogics IDEA customers around the world, aggregating massive amounts of data points that form the basis of our forecast assumptions and perhaps the rise and fall of certain vendors and their products on a quarterly basis.
Each quarter our research team identifies companies that have purchased LoanLogics IDEA for Intelligent Document Processing from public (Press Releases, Customer References, Testimonials, Case Studies and Success Stories) and proprietary sources, including the customer size, industry, location, implementation status, partner involvement, LOB Key Stakeholders and related IT decision-makers contact details.
Companies using LoanLogics IDEA for Intelligent Document Processing include: HomeServices of America, a United States based Construction and Real Estate organisation with 6000 employees and revenues of $1.30 billion, Planet Home Lending, a United States based Banking and Financial Services organisation with 2500 employees and revenues of $1.00 billion, Summit Funding, a United States based Banking and Financial Services organisation with 1200 employees and revenues of $300.0 million, Berkshire Hathaway HomeServices, a United States based Banking and Financial Services organisation with 1600 employees and revenues of $245.0 million, CMC Funding, a United States based Banking and Financial Services organisation with 25 employees and revenues of $3.0 million and many others.
Contact us if you need a completed and verified list of companies using LoanLogics IDEA, including the breakdown by industry (21 Verticals), Geography (Region, Country, State, City), Company Size (Revenue, Employees, Asset) and related IT Decision Makers, Key Stakeholders, business and technology executives responsible for the software purchases.
The LoanLogics IDEA customer wins are being incorporated in our Enterprise Applications Buyer Insight and Technographics Customer Database which has over 100 data fields that detail company usage of software systems and their digital transformation initiatives. Apps Run The World wants to become your No. 1 technographic data source!
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| Logo | Customer | Industry | Empl. | Revenue | Country | Vendor | Application | Category | When | SI | Insight |
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Berkshire Hathaway HomeServices | Banking and Financial Services | 1600 | $245M | United States | LoanLogics | LoanLogics IDEA | Intelligent Document Processing | 2016 | n/a |
In 2016, Berkshire Hathaway HomeServices implemented LoanLogics IDEA, an Intelligent Document Processing application to centralize underwriting quality control and purchase clearing workflows. The deployment targeted the underwriting quality review team and remediation review operations, aligning document automation and machine learning driven review standards with enterprise quality control and investor reporting functions.
LoanLogics IDEA was configured to support pre and post close reviews, automated quality review standards, and machine learning techniques that informed sampling and exception handling. The implementation produced a first time acceptance rate of 80% upon delivery, reduced buybacks producing estimated savings over $450,000 annually, and reduced annual suspense fees by 54% with reported savings over $600,000 annually.
On the purchase clearing side the program implemented remediation workflows and controls that reduced loans sold subprime to fewer than 35 in 2017, a sharp decline relative to 2015 and 2016. Suspense fees fell from $2.5 million in 2015 to under $300,000 in 2017, and an FHA delegated government insuring program was implemented delivering reported annual savings of $250,000.
The implementation broadened quality and feedback review process and reporting using the LoanLogics business intelligence platform, extending coverage to EPD, EPO, Indemnification, TRID, and Repurchase requests from investors. A formal review program for Agency reportable findings was established for Senior Management approval, integrating QA outputs into executive governance and investor rebuttal workflows.
Operational governance was reinforced with a mentoring and training program inside purchase clearing which decreased days to clear conditions by 60%. The team also standardized processes to review, rebut, and reconcile all investor and agency underwriting related suspense conditions, embedding LoanLogics IDEA into day to day underwriting quality control and purchase clearing operations.
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CMC Funding | Banking and Financial Services | 25 | $3M | United States | LoanLogics | LoanLogics IDEA | Intelligent Document Processing | 2014 | n/a |
In October 2014, CMC Funding implemented LoanLogics IDEA as an Intelligent Document Processing solution to automate and accelerate loan file workflows, and the implementation was completed quickly and successfully. The deployment brought LoanLogics IDEA into production for loan operations and internal audit use across the company in the United States, establishing an automated intake and validation layer for incoming loan files.
LoanLogics IDEA was configured to provide document indexing, data extraction, existence checks, classification, versioning, execution and signature handling, data to document comparison, document to document comparison, and audit rules. Configuration included granular level data extraction and validation governed by a set of customized business rules, enabling consistent classification and version control for each loan file.
Extracted information from LoanLogics IDEA was imported into CMC Funding platforms to support the internal audit process and routine loan servicing workflows. Operational coverage focused on loan file processing, internal audit, and seller onboarding, and the solution enabled CMC Funding to operate with fewer staff while providing higher confidence in the extracted information.
Governance was formalized through the system audit rules and validation logic within LoanLogics IDEA, supporting rapid seller boarding and minimal turnaround time to board new sellers. The implementation emphasized automated indexing, verification, and rule-driven validation as the primary process controls for ongoing operations.
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HomeServices of America | Construction and Real Estate | 6000 | $1.3B | United States | LoanLogics | LoanLogics IDEA | Intelligent Document Processing | 2016 | n/a |
In 2016, HomeServices of America implemented LoanLogics IDEA, deploying an Intelligent Document Processing application to centralize underwriting quality review and purchase clearing workflows. The implementation targeted the underwriting quality review team for pre and post close reviews and established a remediation review team focused on purchase clearing responsibilities.
LoanLogics IDEA was configured with quality control workflows that incorporated machine learning and artificial intelligence driven quality review standards, producing a first time acceptance rate of 80% upon delivery. Processes and machine learning techniques applied through LoanLogics IDEA are documented as saving over $450,000 annually by reducing buybacks, and the quality review standards reduced annual suspense fees by 54% saving over $600,000 annually.
The deployment broadened feedback and reporting across investor facing exception types, including EPD, EPO, Indemnification, TRID, and Repurchase requests, leveraging the LoanLogics business intelligence platform for centralized reporting and auditability. Operational coverage included underwriting, purchase clearing, investor relations, and senior management review workflows, with agency reportable findings routed for Senior Management approval.
Governance changes included a formal review program for agency reportable findings and a mentoring and training program within purchase clearing that decreased days to clear conditions by 60%. Operational controls and procedures implemented around the LoanLogics IDEA rollout correlate with fewer than 35 loans sold subprime in 2017, a reduction from prior years, suspense fees declining from $2.5 million in 2015 to under $300,000 in 2017, and an FHA delegated government insuring program reported to save $250,000 annually.
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Banking and Financial Services | 20 | $2M | United States | LoanLogics | LoanLogics IDEA | Intelligent Document Processing | 2020 | n/a |
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Banking and Financial Services | 2500 | $1.0B | United States | LoanLogics | LoanLogics IDEA | Intelligent Document Processing | 2017 | n/a |
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Banking and Financial Services | 1200 | $300M | United States | LoanLogics | LoanLogics IDEA | Intelligent Document Processing | 2017 | n/a |
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Buyer Intent: Companies Evaluating LoanLogics IDEA
- DhanRishi, a India based Banking and Financial Services organization with 50 Employees
- Susquehanna Chef, a United States based Professional Services company with 10 Employees
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