Using an open ecosystem approach, loan quality leaders integrate technologies to give lenders and servicers stronger control over their data
JACKSONVILLE, Fla. – February 15, 2024 – LoanLogics, a recognized leader in loan quality technology for mortgage manufacturing and loan acquisition, and BaseCap Analytics, a pioneer in automated data validation technology, announced a strategic partnership aimed at transforming data transparency and accuracy throughout the mortgage industry.
Leveraging an open ecosystem approach, the companies have integrated BaseCap’s advanced rules engine for automated data validation and transformation and LoanLogics’ mortgage-specialized document processing through automated document recognition (ADR) and automated data extraction (ADE) technologies. Together, the technologies empower mortgage lenders and servicers to have greater access to their data while ensuring higher data quality for use in downstream systems and applications.
“Our partnership with BaseCap Analytics marks a significant milestone in our quest to raise the bar on quality and improve the efficiency of loan commerce,” said Dave Parker, CEO of LoanLogics. “Together, we’ll be able to forge a pathway toward enhanced data quality and efficiency that lenders and servicers need to navigate the evolving mortgage landscape more effectively.”
“Our partnership with BaseCap Analytics marks a significant milestone in our quest to raise the bar on quality and improve the efficiency of loan commerce.”
The partnership emerged from the companies’ shared mission to improve the quality of loan file data and increase the effectiveness of mortgage processes. LoanLogics’ machine-learning powered technologies and services automate loan quality management processes, validate compliance and optimize human capital requirements for lenders, servicers, insurers, and investors. BaseCap’s validation technology helps businesses overcome their data management and regulatory reporting challenges by rapidly identifying data inconsistencies, paving the way for swift resolutions and improved accountability and accuracy.
“This partnership signifies a major step forward in the financial services industry’s ability to tackle data-related challenges. From our inception, our mission has been to help businesses make better decisions by improving the data they rely on,” said Steve Smith, CEO of BaseCap Analytics. “Being able to partner with LoanLogics, a leader in the mortgage space continues to help us drive that mission forward in a meaningful way.”
“This partnership signifies a major step forward in the financial services industry’s ability to tackle data-related challenges. From our inception, our mission has been to help businesses make better decisions by improving the data they rely on,”
About LoanLogics
Founded in 2005, LoanLogics is a provider of mortgage audit software, income calculation and analysis 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. The company’s capabilities and audit services help residential mortgage lenders, servicers, insurers and investors validate compliance, improve profitability and manage risk during the manufacture, sale and servicing of loan assets. LoanLogics leverages the latest methodologies in cloud computing and machine learning technology to deliver greater value for our clients. To learn more, visit www.loanlogics.com.
About BaseCap Analytics
BaseCap Analytics is the data health tracker that helps businesses diagnose and solve hidden challenges. The intuitive platform allows organizations to identify data deficiencies by improving errors, omissions, or inaccuracies in the data that fuels their business, providing a preventative approach to data health and addressing broken processes at their core. Now, you don’t have to be a data scientist to validate, correct, and transform data to generate actionable insights. For more information, visit www.basecapanalytics.com.
Media Contacts
For LoanLogics:
Mike Murray, Director of Communications
Strategic Vantage Marketing and Public Relations
240.498.0863
MikeMurray@StrategicVantage.com
For BaseCap:
Sam Garcia, Publicist
Strategic Vantage Marketing and Public Relations
214.762.4457 | samgarcia@strategicvantage.com
