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Tech Bytes: Smartphones

Oct 29, 2006

TeraVendo’s LoanAce LOS reaches milestone with 1,000th mortgage company MortgagePress.comTeraVendo, LoanAce, LOS, Jeff Cunio, QuickTitle, loan origination software TeraVendo Inc., a provider of secure, efficient and customer-friendly software solutions for loan originators, mortgage brokers and loan officers, has announced that, in less than three months on the market, its LoanAce product has become the loan origination software (LOS) of choice for thousands of loan officers and loan originators at 1,000 mortgage companies. "We have been experiencing breathtaking growth," said Jeff Cunio, president of TeraVendo Inc. "Our company spent thousands of hours researching the needs of mortgage industry professionals and developing LoanAce to meet and exceed those needs. It is incredibly exciting and humbling to have 1,000 different mortgage industry companies trusting LoanAce as their LOS, especially in its first 90 days on the market. We have found a need in the market and LoanAce is clearly the solution." In tandem with this growth, TeraVendo has completely revamped its LoanAce support division, increasing both the IT and customer support staff. Since 2005, TeraVendo has been invested in the development of the best possible information technology solutions for the mortgage industry. TeraVendos flagship product, LoanAce, debuted Aug. 1, 2006 as the mortgage industrys first LOS available at no charge and quickly catapulted the industry to a new level of productivity. LoanAce went beyond providing a fully functioning LOS and introduced industry-leading features, including QuickTitle, one click title ordering; integrated leads; and a manageable and user-friendly format. "We have every intention of being the number one LOS solution on the market," said Mr. Cunio. "To make that a reality, our support staff has to be quick to respond to customer needs and even quicker in developing and delivering solutions and features to our rapidly expanding user base. This increase in staff will allow us to improve what is an already great customer support experience." For more information, visit
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