"We are very excited about the efficiency our technology can bring to the process of buying loans"
LauraMac, a provider of SaaS technology to the mortgage secondary and capital markets, has announced the launch of its loan acquisition system (LAS).
The cloud-based LAS, LauraMac explained, connects sellers, buyers, and Third-Party Review (TPR) firms to streamline the diligence vendor management process. The system also allows real-time communication and seamless exchange of documents and data without the need for emails or spreadsheets.
Founded in 2019, LauraMac also offers a range of products designed for mortgage capital markets, including document recognition and management, data extraction, loan due diligence, quality control, pricing and transaction management, and servicing transfer.
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“We are very excited about the efficiency our technology can bring to the process of buying loans,” LauraMac CEO Bob Fulton said. “The ability to automatically normalize data coming from the TPR firms and run reports off aggregated data alone presents a huge time savings for our clients.”
“LauraMac is transforming the way the secondary market works,” said Jordan Cohen, LAS general manager at LauraMac. “Coming out of the gates, LAS provides our clients an unparalleled ability to articulate and control their due diligence processes and realize significant operating efficiencies along the way.”
