Skip to main content

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 www.teravendo.com.
About the author
Published
Oct 29, 2006
The Fed Holds Rates Steady

The Fed maintains the federal funds rate between 4.25% and 4.5%

Mar 20, 2025
HUD, Interior to Open Federal Lands

The Trump Administration has taken the first step in making good on the president’s campaign promise.

Mar 18, 2025
Campaign To Relieve Price Pressures

Realtor.com pushes for policies to close 4M-home shortage

Mar 12, 2025
Union Home Mortgage Acquires Nations Reliable Lending

UHM will strengthen its presence in Texas and southwest Ohio with strategic acquisition

Mar 04, 2025
Ideas to Alleviate Insurance Crisis

Think tank explores tax-advantaged savings accounts for homeowners insurance

Feb 27, 2025
UWM Holdings Reports Strong Loan Production

Loan volume soars as independent mortgage brokers drive growth

Feb 26, 2025