TeraVendo announces LoanAce upgrade: Company launches LoanAce LOS V2 and LoanAce TEAMMortgagePress.comTeraVendo, LoanAce, Jeff Cunio, LoanAce TEAM
TeraVendo Inc. has launched Version 2 (V2) of its LoanAce Loan
Origination Software (LOS) offering several new features and
improving the product.
With LoanAce V2, we have added several member driven features
including document attachment capability, diary log with automated
event tracking and a notes section for documenting customer
interaction, fixes of user interface issues and improved
calculation accuracy, said TeraVendo President Jeff Cunio. V2 will
take us beyond merely maintaining our near 90 percent user
satisfaction rating and help inspire our members to be customer
While enhancing LoanAce with V2, TeraVendo created LoanAce TEAM.
TEAM is an enterprise level software option. TEAM, an acronym for
Technology for Employee Activity Management, gives mortgage
brokerages/broker owners the ability to view any active loan files.
This functionality empowers managers to track various productivity
trends, and spot compliance challenges enabling effective managers
to increase production and minimize risk.
We developed TEAM for two reasons, said Cunio, to increase
profitability and decrease liability for mortgage brokerages.
Typically you would never be able to say, increase profitability
and pipeline/managers view in the same sentence because the cost
has been so burdensome. We decided to challenge that standard. The
result is a robust, reliable, efficient and affordable solution
that allows companies to manage their business without blowing the
For more information, visit www.loanace.com.