# LoanLogics

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/loanlogics

- Industry: Software
- Headquarters: Jacksonville, US
- Website: www.loanlogics.com
- Total disclosed funding: $22M
- Latest round: Series B (Mar 16, 2016)
- Investors on record: 4

## About

Based in the US, LoanLogics, Inc. specializes in mortgage quality control and document processing services, leveraging technology to enhance accuracy and efficiency in the mortgage lending landscape.LoanLogics, Inc. provides advanced solutions for mortgage quality control and document processing. Founded in 2005, the company is headquartered in Jacksonville, US. It has raised a total of USD 10.03 mn through several funding rounds, with the latest being a Series B round led by Blue Cloud Ventures on July 1, 2021. The company was acquired by Sun Capital Partners, allowing it to enhance its operations in the evolving mortgage technology market. The founders, Howard Conyack and Luke Joyce, have contributed significantly to the company's direction and growth, with Bill Neville serving as the current CEO.LoanLogics specializes in mortgage quality control and document processing services, leveraging advanced technology to enhance efficiency and accuracy in the mortgage lending process. Their core product offerings include LoanLogics IDEA®, designed for intelligent data extraction from loan documents, and LoanBeam®, an automated income calculation tool that simplifies the validation of income from various sources. Additionally, the LoanHD® platform provides comprehensive quality control and audit solutions focusing on pre- and post-close audits, TRID compliance, and reporting. Targeting lenders, investors, and servicers, LoanLogics aims to automate manual processes, reduce costs, and mitigate risks throughout the mortgage lifecycle, primarily serving clients within the financial services sector in the United States.LoanLogics generates revenue through B2B partnerships and subscription-based models, offering its suite of products and services to various financial institutions. Clients typically engage with LoanLogics by purchasing licenses for its flagship products like LoanLogics IDEA® and LoanBeam®, with options for bundled or individual offerings to meet specific needs. The transaction structure involves direct sales agreements, where clients pay for access to these advanced technology solutions that streamline operations and ensure compliance in mortgage processing. While specific pricing plans remain undisclosed, the services are designed to cater to diverse client requirements, supporting scalable implementation aligned with operational strategies.Looking ahead, LoanLogics plans to enhance its product offerings and expand into new markets. The recent acquisition by Sun Capital Partners is intended to support the company in ensuring quality performance for its clients while enhancing operations. There are indications of new products being developed, although specific details and release dates have not been disclosed. The company aims to penetrate additional geographic regions to broaden its client base further, responding to the rapidly modernizing mortgage technology market. The funding from the recent Series B round will facilitate these initiatives, enabling LoanLogics to strengthen its position and enhance service delivery.

## Funding rounds

- Series B, Mar 16, 2016, $10M — Volition Capital, Blue Cloud Ventures
- Series A, Nov 12, 2013, $10M — Ben Franklin Technology Partners, Volition Capital, Robin Hood Ventures
- Series A, Mar 13, 2009, $0.5M — Robin Hood Ventures
- Series A, Jan 23, 2008, $0.8M — Robin Hood Ventures

## Investors

- Robin Hood Ventures (https://capitalatlas.ai/funds/robin-hood-ventures) — Series A
- Ben Franklin Technology Partners (https://capitalatlas.ai/funds/ben-franklin-technology-partners) — Series A
- Volition Capital (https://capitalatlas.ai/funds/volition-capital) — Series A, Series B
- Blue Cloud Ventures (https://capitalatlas.ai/funds/blue-cloud-ventures) — Series B