About LoanGenie
LoanGenie is a leading provider of on-demand software, network and data solutions for the consumer finance industry in the United States. Utilizing the Internet, we have built a network connecting consumer financial data with banks, finance companies, credit unions and other financing sources, and other service and information providers, such as appraisal services, broker price opinions and title/escrow loan closing agencies.
We have established a network of active relationships in the United States, which as of June 30, 2007, consisted of the top prospect aggregators, two largest Title Agencies, entered into a purchase agreement with one of the largest national portfolio evaluators, exclusive partnership with one of the nations largest underwriter and processor of loans which currently provide service to $4 Billion of portfolio value in partnership with Computer Science Corporation (NYSE:CSC) to provide loan audits, tracking, confirm regulatory compliance, provide servicing and collections, and handle all cash flows related to the loans. This added to an already acquired or negotiated relationship with a number of other service and information providers to the consumer finance industry.
Our credit application processing product enables lenders to automate and accelerate the financing process by increasing the speed of communications between the software users and their financing sources. We have leveraged our market position in credit application processing to address other inefficiencies in the data delivery value chain.
We believe our proven network provides a competitive advantage for distribution of our software and data solutions. Our integrated subscription-based software products and services enable our customers to manage their consumer data and operations, receive valuable consumer leads, compare various financing and alternative lending options and programs, bundle services and other aftermarket products, analyze financial situations, document compliance transparence for regulatory laws and execute financing contracts electronically. We have also created efficiencies for financing customers by providing a comprehensive digital and electronic contracting solution that enables them to "lend with more confidence". In addition, we offer data and other products and services to various industry participants, including mega data mining for optimization & monetization.
Loan Officers and Loan Originators
LoanGenie provides an on-line service that improves the ability for brokers to find and close the best deals for your individual clients.
The software becomes your online partner in the decision making process. The patent-pending technology instantly sorts through your loan options and gives you the best competitive recommendations to offer your client, in real time.
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LoanGenie displays a lender's loan programs directly to consumers and loan officers.
LoanGenie provides an on-line service that allows lenders to create and maintain their loan programs and guidelines in order to provide the most current deals to customers.
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