Liquid Logics has announced that the company has promoted Peter Kallodaychsak, a 15-year veteran of the mortgage technology industry, to the position of VP of business development. Kallodaychsak previously served sister company bFocused as a contractor.
“What we’re offering the industry is very special and it takes a special person to share our story with the lenders who can benefit from it,” said Sam Kaddah, president and CEO of Liquid Logics LLC. “What we have can not be considered a traditional LOS and the proven AUS that feeds it is anything but common. But when these technologies are combined with our consumer portal and third-party communication system, it creates a full-cycle solution that is unique but also perfectly suited to today’s compliance demands. Peter is the right man to help people understand our story.”
Liquid Logics began as a custom software development shop for First Horizon’s sub-prime 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 LOS. The Liquid Logics LOS was rolled out as an standalone offering in 2008. The firm still offers is Bullseye AUS, AppraisX AMC software and Executive Insight Dashboard individually, but has combined these and other technologies into the new Liquid Logics LOS.
“New CFPB regulations have made this a more dangerous environment for many mid-tier lenders to operate in,” said Kallodaychsak. “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. I look forward to introducing this LOS to the hundreds of lenders across the country who will use it to increase their bottom line profits.”