February 9, 2023 – Mercer Island, WA – LauraMac, the market leader in mortgage loan review technology, today announced the completion of their integration with LoanLogics IDEA®, an intelligent document processing and data extraction technology. LauraMac’s cloud-based Loan Review platform is a configurable transaction management system used by more than 60 percent of the industry’s third-party due diligence firms to review and QC loans.
“We are excited to include LoanLogics in our growing number of integration partners,” said LauraMac CEO Bob Fulton. “Giving our clients the ability to put the LoanLogics’ data into actionable workflow within the LauraMac technology further advances our vision of a touchless or exception-based loan review.”
LoanLogics IDEA transforms digital documents into classified, versioned loan documents from which data is then extracted. The results are integrated into LauraMac’s Loan Review, where they are incorporated into the workflow and processed by configurable rules. Classified documents are tethered to their respective data pages and extracted data points are pre-loaded for the user, bringing additional efficiency to the process.
“This integration is yet another step along the path of empowering the mortgage industry with data-driven digital technology,” said Dave Parker, LoanLogics CEO. “Specifically, the combination of our document processing capability and the LauraMac platform will improve the quality and transparency of mortgage loan commerce.”
To learn more about the LauraMac, visit www.LauraMac.com. To learn more about LoanLogics, visit www.LoanLogics.com.
About LauraMac
LauraMac was formed in 2019 by a team of leaders with deep experience in the mortgage capital markets and the development of technology. LauraMac provides modern SaaS technology solutions to the mortgage secondary and capital markets with products for document management, loan acquisition and loan reviews. The power of the LauraMac Platform is in the versatility of its design.
About LoanLogics
Founded in 2005, LoanLogics is a provider of mortgage audit software, income calculation and verification technology, and document processing automation. This data-driven digital technology improves the transparency and accuracy of the mortgage process and improves the quality of loans. To learn more, visit www.loanlogics.com.