Category Archives: BUFFALO, N.Y.

LenderLogix expands LiteSpeed POS with native eSignature for borrowers and loan teams

LiteSpeed eSign delivers an Encompass-optimized, zero-detour eSignature workflow with in-portal signing and automatic eFolder storage, including audit trails

BUFFALO, N.Y., Dec. 16, 2025 (SEND2PRESS NEWSWIRE) — LenderLogix, a leading provider of mortgage point-of-sale and automation software for banks, credit unions, independent mortgage banks, and brokers, today announced LiteSpeed eSign, a fully native eSignature experience built into the LiteSpeed point of sale (POS) platform. Serving both sides of the mortgage process, LiteSpeed eSign enables lenders to tag and request documents for electronic signatures directly in Encompass without the need to switch platforms.

LenderLogix
Image caption: LenderLogix.

LiteSpeed eSign enables borrowers to sign documents directly within their LiteSpeed dashboard with a mobile-ready tap-to-sign workflow that helps improve completion rates and reduce manual follow-up tasks. To ensure security, borrowers authenticate using mobile or email two-factor authentication when opening signature requests from their LiteSpeed dashboard. Signed disclosures are automatically added to the loan’s Encompass eFolder with a full audit trail.

Processors can tag documents directly in the Encompass® eFolder for signature without downloading files, creating third-party signing “envelopes” or switching platforms. LiteSpeed’s eSign tool also streamlines outbound signature requests for third-parties like gift donors, Realtors and other non-borrowers. Loan teams select the documents in Encompass, tag the signature, initial, and date fields, and send the request. LiteSpeed automatically adds the document to the borrower portal and generates borrower signing tasks. Completed documents are then returned to the eFolder, complete with timestamps, IP addresses and a tamper-evident hash.

“Borrowers shouldn’t have to leave the application, nor lenders leave the LOS, just to sign documents,” said Patrick O’Brien, CEO and co-founder of LenderLogix. “LiteSpeed eSign delivers eSignatures within the mortgage workflow to avoid disruptions. It’s a zero-detour experience that reduces friction for borrowers, simplifies the work for loan teams and keeps the signature process connected to the Encompass eFolder from start to finish.”

LiteSpeed eSign is included for LiteSpeed users. Book a demo or watch the feature walkthrough here: https://info.lenderlogix.com/litespeed-esign.

About LenderLogix

LenderLogix leverages the four decades of firsthand mortgage origination and real estate experience of its executive team to design customized software to meet the needs of today’s mortgage lenders. The company’s suite of products addresses the speed at which today’s real estate market moves by delivering technology solutions that create agile and informed borrowers, build strong referral partners and ultimately save lenders time and money. For more information, visit https://lenderlogix.com/.

LOGO link for media: https://info.lenderlogix.com/hs-fs/hubfs/lenderlogix-logo_white.png

NEWS SOURCE: LenderLogix


This press release was issued on behalf of the news source (LenderLogix), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

To view the original story, visit: https://www.send2press.com/wire/lenderlogix-expands-litespeed-pos-with-native-esignature-for-borrowers-and-loan-teams/

Copr. © 2025 Send2Press® Newswire, Calif., USA. -- REF: S2P STORY ID: S2P131791 NOREL-3B

 

LenderLogix expands LiteSpeed POS with built-in AI-powered agent for mortgage loan officers

AI Sidekick delivers instant insights to improve loan accuracy and reduce loan processing times by up to 40%, leading to increased borrower satisfaction

BUFFALO, N.Y., Nov. 10, 2025 (SEND2PRESS NEWSWIRE) — LenderLogix, a leading provider of mortgage point-of-sale and automation software for banks, credit unions, independent mortgage banks, and brokers, today announced it has launched AI Sidekick, an artificial intelligence (AI) feature built into the LiteSpeed point-of-sale (POS) platform. AI Sidekick supports loan officers (LOs) with simple tools to instantly review loan files, efficiently update document needs lists and rapidly identify missing data, reducing loan processing times by up to 40%.

LenderLogix
Image caption: LenderLogix.

AI Sidekick is designed to support mortgage lending, empowering LOs by streamlining highly manual back-end tasks. It scans and analyzes loan details in seconds, providing LOs with critical insights into potential compliance errors and missing documentation, minimizing risk while improving turnaround time without disrupting current processes. Built with SOC 2–compliant infrastructure and end-to-end encryption, AI Sidekick ensures that borrower data remains fully secure within lenders’ existing Encompass® environments.

AI Sidekick also enables LOs to update borrowers’ needs lists with a single click, reducing manual data entry. By surfacing insights and missing documentation early in the loan process, AI Sidekick improves accuracy, reduces processing time and enhances the borrower experience.

“With AI Sidekick, we’re giving lenders a way to eliminate bottlenecks in the loan process without adding complexity,” said LenderLogix CEO Patrick O’Brien. “It’s not about replacing people but about equipping them with modern tools. AI Sidekick doesn’t interact with borrowers, instead acting as a true copilot for LOs to automate the most time-consuming parts of loan file review so they can focus on what they do best: building relationships and delivering great service.”

Visit https://info.lenderlogix.com/litespeed-ai-sidekick to request a demo.

About LenderLogix

LenderLogix leverages the four decades of firsthand mortgage origination and real estate experience of its executive team to design customized software to meet the needs of today’s mortgage lenders. The company’s suite of products addresses the speed at which today’s real estate market moves by delivering technology solutions that create agile and informed borrowers, build strong referral partners and ultimately save lenders time and money. For more information, visit https://www.lenderlogix.com/.

LOGO link for media (white): https://info.lenderlogix.com/hs-fs/hubfs/lenderlogix-logo_white.png

NEWS SOURCE: LenderLogix


This press release was issued on behalf of the news source (LenderLogix), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

To view the original story, visit: https://www.send2press.com/wire/lenderlogix-expands-litespeed-pos-with-built-in-ai-powered-agent-for-mortgage-loan-officers/

Copr. © 2025 Send2Press® Newswire, Calif., USA. -- REF: S2P STORY ID: S2P130867 NOREL-3B

 

LenderLogix CTO and Co-Founder Scott Falbo recognized as a 2025 HousingWire Tech Trendsetter

BUFFALO, N.Y., Nov. 3, 2025 (SEND2PRESS NEWSWIRE) — LenderLogix, a leading provider of mortgage automation software and application programming interfaces (APIs), today announced its CTO and Co-Founder Scott Falbo is a 2025 HousingWire Tech Trendsetter. The award honors technology leaders and innovators whose work is driving meaningful change across the housing industry. Falbo was recognized for his role in advancing automation, borrower experience and lender efficiency through thoughtful, practical innovation.

LenderLogix CTO and Co-Founder Scott Falbo recognized as a 2025 HousingWire Tech Trendsetter
Image caption: LenderLogix CTO and Co-Founder Scott Falbo recognized as a 2025 HousingWire Tech Trendsetter.

Falbo has played a pivotal role in shaping the evolution of borrower-friendly mortgage technology by focusing on utility, simplicity, and real-world impact. Under his leadership, LenderLogix expanded its LiteSpeed point-of-sale (POS) platform through a new integration with Argyle, embedding automated income, employment, and asset verifications directly within the borrower experience. By placing verification at the point of engagement, the integration eliminates manual uploads, improves data completeness, and accelerates loan cycle times for lenders, setting a new standard for automation in mortgage origination.

Falbo also spearheaded development of the LenderLogix AI Sidekick, designed to surface borrower insights, automate compliance checks, and trigger communication workflows to enhance loan officer productivity without disrupting the borrower experience. AI Sidekick was released for all LiteSpeed customers in Q3 2025. Beyond his work at LenderLogix, Falbo contributes to the Mortgage Bankers Association’s Residential Technology Committee, helping shape industry-wide standards for innovation, automation, and data integrity.

“This recognition from HousingWire is really a testament to our entire team’s creativity and commitment to our customers,” said Falbo. “Our mission has always been to create technology that feels intuitive and genuinely helpful for lenders, loan officers and borrowers alike. When technology empowers people rather than complicates their work, that’s when meaningful progress happens.”

“The 2025 Tech Trendsetters exemplify the creativity and execution that define the next generation of housing innovation,” said Clayton Collins, CEO of HW Media. “Whether it’s advancing AI and automation, strengthening data ecosystems, or elevating the digital experience for professionals and consumers alike, these leaders are shaping the future of a more efficient housing sector.”

To view the full list of HW Tech Trendsetters, visit: https://www.housingwire.com/techtrendsetters/.

About LenderLogix

LenderLogix leverages the four decades of firsthand mortgage origination and real estate experience of its executive team to design customized software and APIs to meet the needs of today’s mortgage lenders. The company’s suite of products addresses the speed at which today’s real estate market moves by delivering technology solutions that create agile and informed borrowers, build strong referral partners and ultimately save lenders time and money. For more information, visit https://www.lenderlogix.com/.

About HousingWire

HousingWire is an information services company that provides unique data and research, respected business journalism and must-attend events for housing leaders to use to advance their understanding and business outcomes. Our vision is a world in which housing leaders have a complete view of the housing market, and a broad community of peers with whom they can connect. We are committed to delivering the data, analytics, media, and events that advance this vision. Because housing is too important for narrow perspectives and missed connections. Informed housing leaders are better housing leaders. A connected housing industry is a better housing industry. And the full picture always reveals new opportunities.

Explore more at www.housingwire.com.

NEWS SOURCE: LenderLogix


This press release was issued on behalf of the news source (LenderLogix), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

To view the original story, visit: https://www.send2press.com/wire/lenderlogix-cto-and-co-founder-scott-falbo-recognized-as-a-2025-housingwire-tech-trendsetter/

Copr. © 2025 Send2Press® Newswire, Calif., USA. -- REF: S2P STORY ID: S2P130701 NOREL-3B

 

LenderLogix Q3 2025 Homebuyer Intelligence Report Reveals Subtle Shifts in Pre-Approval Volume and Post-App Behavior

BUFFALO, N.Y., Oct. 16, 2025 (SEND2PRESS NEWSWIRE) — LenderLogix, a leading provider of mortgage point-of-sale and automation software for banks, credit unions, independent mortgage banks, and brokers, today announced the release of the Homebuyer Intelligence Report, a quarterly summary of insights into borrower behavior during the home-buying process based on data collected by the LenderLogix suite of tools. The latest report covers data collected during the pre-approval and borrower application process in the third quarter (Q3) of 2025.

Infographic: LenderLogix's Q3 2025 Homebuyer Intelligence Report.
Image caption: Infographic: LenderLogix’s Q3 2025 Homebuyer Intelligence Report.

Pre-Approvals

In Q3 2025, borrowers generated 8.61% fewer pre-approval letters through LenderLogix’s QuickQual pre-approval platform than in Q2 2025. The average number of pre-approved borrowers per loan officer decreased from 28.6 in Q2 2025 to 25.2 in Q3 2025.

The average loan amount on pre-approval letters declined from $367,305 in Q2 to $328,997 in Q3. Likewise, the average sale price fell sharply from $423,667 to $385,822. However, the average down payment percentage moved in the opposite direction, rising from 13.3% to 14.7% as borrowers brought more funds to the table.

Conventional loans remained the most popular loan type for pre-approved borrowers in Q3, decreasing marginally from 74.7% to 74.6% from the prior quarter. FHA pre-approvals increased marginally from 18.6% to 18.7%. VA decreased slightly from 4.5% to 4.2%, and USDA (1%) maintained its share from Q2 to Q3 2025.

“Despite a modest seasonal decline in pre-approval activity and loan amounts, borrowers are signaling seriousness through larger down payments and steady interest across loan types,” said LenderLogix Co-Founder and CEO Patrick O’Brien. “These trends point to a purchase market that is more price-conscious but still active.”

Borrower Conversion

Of the borrowers using QuickQual in Q3 2025, the average number of days between pre-approval and loan submission increased from 86.3 to 89.5 days in Q3.

From pre-approval to loan application, the conversion rate among borrowers held steady at 56% in Q3. Borrowers required an average of eight pre-approval letters before converting, maintaining the Q2 average into Q3. In total, new applications through the LiteSpeed point-of-sale (POS) platform increased 1.5% from Q2 2025 to Q3 2025.

“Borrower conversion remained steady this quarter, even though the timeline between pre-approval and loan submission lengthened,” said O’Brien. “This suggests that homebuyers are staying engaged despite navigating longer home search cycles.”

Post-Application Engagement

In Q3 2025, the number of documents uploaded through LiteSpeed grew 1.5% quarter-over-quarter. The number of newly created needs lists, including both online applications and those entered by loan officers, increased 1.6% in Q3.

Successful verification of income and employment (VOIE) through POS across all providers increased from 17.1% in Q2 to 17.8% in Q3. Verification of assets (VOA) decreased slightly from 33.7% to 31.2% over the same period.

“Post-application activity showed modest growth, and verification performance remains an area where lenders can continue to gain efficiency,” O’Brien added. “With meaningful differences in verification success rates between providers, the data underscores the importance of lender flexibility and smart vendor selection when optimizing workflow performance.”

Data from LenderLogix Homebuyer Intelligence Report is available to the industry free of charge. To learn more about LenderLogix, visit www.lenderlogix.com.

About LenderLogix:

LenderLogix leverages the four decades of firsthand mortgage origination and real estate experience of its executive team to design customized software to meet the needs of today’s mortgage lenders. The company’s suite of products addresses the speed at which today’s real estate market moves by delivering technology solutions that create agile and informed borrowers, build strong referral partners and ultimately save lenders time and money. For more information, visit https://www.lenderlogix.com/.

NEWS SOURCE: LenderLogix


This press release was issued on behalf of the news source (LenderLogix), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

To view the original story, visit: https://www.send2press.com/wire/lenderlogix-q3-2025-homebuyer-intelligence-report-reveals-subtle-shifts-in-pre-approval-volume-and-post-app-behavior/

Copr. © 2025 Send2Press® Newswire, Calif., USA. -- REF: S2P STORY ID: S2P130206 NOREL-3B

 

Peak Residential implements Argyle-LenderLogix integration – LiteSpeed first POS to integrate with Argyle VOA

BUFFALO, N.Y., Oct. 2, 2025 (SEND2PRESS NEWSWIRE) — LenderLogix, a leading provider of mortgage point-of-sale (POS) and automation software for banks, credit unions, independent mortgage banks and brokers, today announced that Peak Residential Lending (Peak) has adopted LenderLogix’s LiteSpeed™ integration with Argyle to deliver verification of assets (VOA) directly at the point of sale (POS). LiteSpeed is the first POS to offer VOA through Argyle’s verification platform.

LenderLogix
Image caption: LenderLogix logo.

Through the integration, Peak’s loan teams can access structured, verified data from the start of the application process, including transaction history, asset summaries and rental history. Using income, employment or asset verifications from Argyle enables lenders to qualify for rep and warrant relief on validated components under Fannie Mae’s Day 1 Certainty® program and Freddie Mac’s Asset and Income Modeler (AIM) capability in Loan Product Advisor®.

LiteSpeed’s integration with Peak’s loan origination system (LOS), Encompass® by ICE Mortgage Technology®, further reduces manual touchpoints, driving efficiency and accuracy throughout the loan lifecycle. For Peak borrowers, the mortgage application is faster and less stressful. Instead of searching for and uploading bank statements, assets are verified in minutes, delivering the digital convenience today’s consumers expect.

“VOA delivered at the POS is not just a feature, it’s a fundamental shift in how we serve our borrowers,” said Peak Co-Founder Charley Bates. “By eliminating manual document collection and reducing back-and-forth follow-ups, we start every file with verified, consumer-permissioned data. That cuts days off the process for our loan teams while giving customers the modern, digital experience they expect when applying for a mortgage. We can focus more on guiding borrowers through the process and less on paperwork.”

“Peak Residential’s implementation is a clear example of how technology can streamline processes and allow lenders to focus on what they do best: originating quality loans,” said Patrick O’Brien, founder and CEO of LenderLogix. “Being the first POS live with Argyle’s VOA is a powerful milestone for the industry and for our customers. Embedding VOA directly into the POS empowers lenders to originate loans with fewer manual touchpoints, higher accuracy and greater compliance certainty.”

“Asset verification has long been one of the most time-consuming and compliance-sensitive parts of the mortgage process,” said John Hardesty, vice president of Argyle’s mortgage division. “By delivering GSE-accepted data instantly at the point of sale, Peak Residential is showing how this integration reduces risk from the very beginning of the loan and ensures lenders can originate with confidence.”

This is the latest in a series of LiteSpeed integrations with leading consumer-permissioned verification providers, underscoring LenderLogix’s commitment to delivering flexibility and choice for lenders while ensuring borrowers receive the modern digital experience they expect.

About LenderLogix

LenderLogix leverages the four decades of firsthand mortgage origination and real estate experience of its executive team to design customized software and APIs to meet the needs of today’s mortgage lenders. The company’s suite of products addresses the speed at which today’s real estate market moves by delivering technology solutions that create agile and informed borrowers, build strong referral partners and ultimately save lenders time and money. For more information, visit https://www.lenderlogix.com/.

LOGO link for media: https://www.lenderlogix.com/landing-assets/assets/images/lenderlogix-logo_white.png

NEWS SOURCE: LenderLogix


This press release was issued on behalf of the news source (LenderLogix), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

To view the original story, visit: https://www.send2press.com/wire/peak-residential-implements-argyle-lenderlogix-integration-litespeed-first-pos-to-integrate-with-argyle-voa/

Copr. © 2025 Send2Press® Newswire, Calif., USA. -- REF: S2P STORY ID: S2P129789 NOREL-3B

 

LenderLogix CEO Patrick O’Brien honored as 2025 HousingWire Vanguard

BUFFALO, N.Y., Sept. 2, 2025 (SEND2PRESS NEWSWIRE) — LenderLogix, a leading provider of mortgage point-of-sale and automation software for banks, credit unions, independent mortgage banks and brokers, today announced its founder and CEO Patrick O’Brien has been recognized as a 2025 HousingWire Vanguard. The award honors C-suite professionals and business leaders whose vision and leadership are driving the housing industry forward across lending, servicing, investments, and real estate. O’Brien is honored for ensuring that innovation translates into measurable impact across lender operations.

HousingWire Vanguard Patrick O'Brien
Image caption: LenderLogix CEO Patrick O’Brien.

Under O’Brien’s leadership, LenderLogix has equipped hundreds of lenders with intuitive, modern tools that optimize borrower experience, accelerate processes, and reduce compliance risks without the cost or complexity of legacy solutions. Used in conjunction the LenderLogix suite of solutions, including QuickQual, LiteSpeed and Fee Chaser, save lenders hours per loan.

LiteSpeed, LenderLogix’s intuitive point-of-sale (POS) platform drove a 35% increase in borrower-permissioned VOE/VOA adoption. Lenders using QuickQual, which automates pre-approval letter generation, experienced a 30% increase in conversion from pre-qualification to application and reduced loan officer time spent updating pre-approvals from 10 minutes to just 30 seconds. Fee Chaser, the company’s secure, automated upfront fee collection tool, has enabled lenders to collect 60% of fees within 5 minutes, and 93% within 24 hours, eliminating a time-consuming, high-risk manual task.

“From the very beginning, our mission at LenderLogix has been to create technology that makes a tangible difference for lenders and their borrowers,” said O’Brien. “Tools like LiteSpeed, QuickQual, and Fee Chaser don’t just make processes faster; they empower lenders to operate more efficiently, reduce risk, and focus more on relationships. This recognition is a testament to the dedication of our entire team and the trust our clients place in us to help move the industry forward.”

“The 2025 HousingWire Vanguards exemplify what it means to lead with vision and resilience,” said Sarah Wheeler, Editor-in-Chief of HousingWire. “These leaders aren’t just driving growth within their organizations, they’re shaping the future of housing itself. Their achievements reflect the innovation, adaptability, and commitment required to thrive in today’s rapidly evolving market.”

To view the full list of HW Insiders honorees, visit: https://www.housingwire.com/vanguard/.

About LenderLogix

LenderLogix leverages the four decades of firsthand mortgage origination and real estate experience of its executive team to design customized software and APIs to meet the needs of today’s mortgage lenders. The company’s suite of products addresses the speed at which today’s real estate market moves by delivering technology solutions that create agile and informed borrowers, build strong referral partners and ultimately save lenders time and money. For more information, visit https://www.lenderlogix.com/.

About HousingWire

HousingWire is an information services company that provides unique data and research, respected business journalism and must-attend events for housing leaders to use to advance their understanding and business outcomes. Our vision is a world in which housing leaders have a complete view of the housing market, and a broad community of peers with whom they can connect. We are committed to delivering the data, analytics, media, and events that advance this vision.

Because housing is too important for narrow perspectives and missed connections. Informed housing leaders are better housing leaders. A connected housing industry is a better housing industry. And the full picture always reveals new opportunities.

NEWS SOURCE: LenderLogix


This press release was issued on behalf of the news source (LenderLogix), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

To view the original story, visit: https://www.send2press.com/wire/lenderlogix-ceo-patrick-obrien-honored-as-2025-housingwire-vanguard/

Copr. © 2025 Send2Press® Newswire, Calif., USA. -- REF: S2P STORY ID: S2P128992 NOREL-3B

 

New financing options and Labor Day event happening at reopened New York American Freight stores

Happening now at the Buffalo location is American Freight's Labor Day Clearance Event, open to the public

BUFFALO, N.Y., Aug. 22, 2025 (SEND2PRESS NEWSWIRE) — American Freight is hosting a Labor Day event, August 13 to September 7, 2025, reopened in New York, with a location in Buffalo. Under new ownership and a renewed strategic direction, the stores also offer new buying options, improved customer service, and the same unbeatable prices that American Freight has been known for since 1994.

American Freight logo
Image caption: American Freight logo.

New Ownership, Renewed Vision

“We want the loyal customers of American Freight to know that our Buffalo store is open and ready for business,” said Brent Turner, Chairman of the Board. “With a smaller, more efficient footprint compared to big-box competitors, American Freight can operate leaner and pass savings directly to customers.”

More Ways to Buy: Flexible Payment Options for Every Household

As part of the reopening, American Freight is introducing a range of new, flexible payment solutions that make it easier for customers to get what they need — no matter their budget or credit status:

  • Financing Options: Credit-friendly financing for qualified customers, with low monthly payments available.
  • 100% Approved Layaway Program: Reserve your items today with a small deposit and make interest-free payments over time.

“We’re not just reopening; we’re redefining what it means to shop at American Freight,” said Ken Peters, Director of Store Ops at American Freight. “Our customers can expect the same great value they’ve always trusted, but with new ways to buy that make it even easier to bring home what they need today.”

Whether you’re furnishing your first home, replacing an outdated living room couch, or need to upgrade your sagging mattress, American Freight has you covered. With expanded options, customers have the freedom to choose what works best for their personal finances. Learn more about available financing options and approval process at: AmericanFreight.com.

Labor Day Clearance Event 

Happening now at the Buffalo location is American Freight’s Labor Day Clearance Event, open to the public. American Freight offers a wide assortment of new items at everyday low prices. Inventory is updated regularly, with many items available for same-day pickup or fast local delivery. Shoppers can expect extra savings and offers such as:

  • Extra 25% off previously reduced furniture, mattresses and more
  • 80% off refrigerators (while supplies last)
  • 20% off select Stewart & Hamilton mattresses (starting 8/28)
  • Free rug (with purchase at participating stores)
  • On-site financing assistance
  • Same-day delivery available

The store’s warehouse-style showroom makes it easy to browse large, ready-to-take-home pieces with no guesswork or gimmicks. Find an store near you at: AmericanFreight.com/Stores.

Offers only available in-store. Discount applied at register. Valid at participating stores.

Visit our Buffalo location at:
778 Niagara Falls Boulevard, North Tonawanda, NY 14120 | (716) 695-2500

About American Freight 

Founded in 1994, American Freight is a leading retail chain committed to providing high-quality furniture and mattresses at affordable prices. With 60 retail locations, American Freight offers a wide selection of items for every room in the home, including living rooms, bedrooms, and dining rooms. Known for its warehouse-style stores, the company empowers customers with convenient payment options, layaway and budget-friendly prices.

NEWS SOURCE: American Freight


This press release was issued on behalf of the news source (American Freight), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

To view the original story, visit: https://www.send2press.com/wire/new-financing-options-and-labor-day-event-happening-at-reopened-new-york-american-freight-stores/

Copr. © 2025 Send2Press® Newswire, Calif., USA. -- REF: S2P STORY ID: S2P128700 NOREL-3B

 

LenderLogix Q2 2025 Homebuyer Intelligence Report Shows Increased Loan Quantities as Borrower Activity Holds Steady

BUFFALO, N.Y., Aug. 5, 2025 (SEND2PRESS NEWSWIRE) — LenderLogix, a leading provider of mortgage point-of-sale and automation software for banks, credit unions, independent mortgage banks, and brokers, today announced the release of the Homebuyer Intelligence Report, a quarterly summary of insights into borrower behavior during the home-buying process based on data collected by the LenderLogix suite of tools. The latest report covers data collected during the pre-approval and borrower application process in the second quarter (Q2) of 2025.

Infographic: LenderLogix Q2 Homebuyer Intelligence Report
Image caption: Infographic: LenderLogix Q2 Homebuyer Intelligence Report.

Pre-Approvals

In Q2 2025, borrowers generated 11.9% more pre-approval letters through LenderLogix’s QuickQual pre-approval platform over Q1 2025. The average number of pre-approved borrowers per loan officer increased from 26.5 in Q1 2025 to 28.6 in Q2 2025.

The average pre-approval letter loan amount increased from $326,714 in Q1 to $367,305 in Q2. The average sales price also increased significantly from $381,820 to $423,667. The average down payment size shows a slight decrease from 14.4% in Q1 to 13.3%.

Conventional loans remained the most popular loan type for pre-approved borrowers in Q2, increasing marginally from 74.2% to 74.7% over the prior quarter. FHA pre-approvals decreased marginally from 19% to 18.6%. VA (4.5%) and USDA (1%) maintained their share from Q1 to Q2 2025.

“Despite the increase in sales price, we’ve seen increased prequalification numbers for conventional, FHA VA and USDA loans, demonstrating borrowers’ desire to purchase,” said LenderLogix Co-Founder and CEO Patrick O’Brien. “Lenders and real estate partners need to be vigilant to help borrowers find homes that fit their prequalification amounts.”

Borrower Conversion

Of the borrowers using QuickQual in Q1 2025, the average number of days between pre-approval and loan submission increased from 79.6 to 86.3 days in Q2. The most prolonged duration between pre-approval and application decreased by sixty-three days from 709 in Q1 to 646 in Q2. The conversion rate among borrowers from pre-approval to loan application increased slightly from 55% to 56% in Q2. Borrowers maintained an average of eight pre-approval letters before converting. In total, new applications through the LiteSpeed point-of-sale (POS) platform increased 8.7% from Q1 2025 to Q2 2025.

“Overall, borrower conversion and activity are remaining fairly steady,” said O’Brien. “Lenders must hone their marketing and outreach strategies to effectively reach the prepared borrowers in their area to remain competitive.”

Post-Application Engagement

In Q2 2025, the number of documents uploaded through LiteSpeed grew 18.3% quarter-over-quarter. The number of newly created needs lists, including both online applications and those entered by loan officers, decreased 16.7% in Q2.

Successful verification of income and employment (VOIE) through POS improved, increasing from 15.5% in Q1 to 17.1% in Q2. Verification of assets (VOA) decreased slightly from 36.7% to 33.7% over the same period.

“While we saw a dip in Needs List creation, the continued growth in document uploads and improved VOIE success rates suggest borrowers are more prepared and proactive after application,” O’Brien added. “That preparation ultimately helps lenders build cleaner, faster-moving loan files.”

Data from LenderLogix Homebuyer Intelligence Report is available to the industry free of charge. To learn more about LenderLogix, visit www.lenderlogix.com.

About LenderLogix

LenderLogix leverages the four decades of firsthand mortgage origination and real estate experience of its executive team to design customized software to meet the needs of today’s mortgage lenders. The company’s suite of products addresses the speed at which today’s real estate market moves by delivering technology solutions that create agile and informed borrowers, build strong referral partners and ultimately save lenders time and money. For more information, visit https://www.lenderlogix.com/.

NEWS SOURCE: LenderLogix


This press release was issued on behalf of the news source (LenderLogix), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

To view the original story, visit: https://www.send2press.com/wire/lenderlogix-q2-2025-homebuyer-intelligence-report-shows-increased-loan-quantities-as-borrower-activity-holds-steady/

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LenderLogix Q1 2025 Homebuyer Intelligence Report Shows Early 2025 Mortgage Market Momentum, Stronger Loan Engagement

BUFFALO, N.Y., May 6, 2025 (SEND2PRESS NEWSWIRE) — LenderLogix, a leading provider of mortgage point-of-sale and automation software for banks, credit unions, independent mortgage banks, and brokers, today announced the release of the Homebuyer Intelligence Report, a quarterly summary of insights into borrower behavior during the home-buying process based on data collected by the LenderLogix suite of tools. The latest report covers data collected during the pre-approval and borrower application process in the first quarter (Q1) of 2025.

Q1 2025 Homebuyer Intelligence Report Infographic
Image caption: Q1 2025 Homebuyer Intelligence Report Infographic.

Pre-Approvals

In Q1 2025, borrowers generated 37.8% more pre-approval letters through LenderLogix’s QuickQual pre-approval platform over Q4 2024. The average number of pre-approved borrowers per loan officer increased from 23 in Q4 2024 to 26.5 in Q1 2025.

The average pre-approval letter loan amount slightly increased from $322,532 in Q4 to $326,714 in Q1. The average sales price also increased from $376,436 to $381,820. The average down payment size shows a marginal increase from 14.3% in Q4 to 14.4%.

Conventional loans remained the most popular loan type for pre-approved borrowers in Q1, though decreased marginally from 74.3% to 74.2% below the prior quarter. FHA pre-approvals decreased marginally from 19.1% to 19%. VA (4.5%) and USDA (1%) maintained their share from Q4 to Q1 2025.

“We’re seeing strong early-season activity from homebuyers, which suggests renewed optimism despite ongoing affordability concerns,” said LenderLogix Co-Founder and CEO Patrick O’Brien. “Borrowers are entering the market with intent, and their use of digital pre-approval tools reflects a growing emphasis on speed and preparation in today’s competitive environment.”

Borrower Conversion

Of the borrowers using QuickQual in Q4 2024, the average number of days between pre-approval and loan submission decreased from 91 to 79.6 days in Q1. The most prolonged duration between pre-approval and application increased by fifty-nine days from 650 in Q4 to 709 in Q1. The conversion rate among borrowers from pre-approval to loan application increased slightly from 54% to 55% in Q1. Borrowers maintained an average of eight pre-approval letters before converting. In total, new applications through the LiteSpeed point-of-sale (POS) platform increased 54% from Q4 2024 to Q1 2025.

“Borrowers are clearly staying engaged throughout the early stages of the homebuying journey,” said O’Brien. “We’re seeing signs of increased urgency and lender responsiveness, both of which point to a more active purchase market and continued adaptation to borrower expectations.”

Post-Application Engagement

In Q1 2025, the number of documents uploaded through LiteSpeed grew 48% quarter-over-quarter. The number of newly created needs lists, including both online applications and those entered by loan officers, rose 37% in Q1.

Successful verification of income and employment (VOIE) through POS improved significantly, increasing from 6.5% in Q4 to 15.5% in Q1. Verification of assets (VOA) also rose, climbing from 33.1% to 36.7% over the same period.

“This quarter’s data points to meaningful improvements in post-application engagement,” O’Brien added. “Increases in document uploads, Needs List creation, and verification success rates all contribute to stronger loan files, faster underwriting decisions, and deeper borrower engagement. These trends reflect how the right tools can streamline workflows while also improving loan quality and borrower experience.”

Data from LenderLogix Homebuyer Intelligence Report is available to the industry free of charge. To learn more about LenderLogix, visit www.lenderlogix.com.

About LenderLogix

LenderLogix leverages the four decades of firsthand mortgage origination and real estate experience of its executive team to design customized software to meet the needs of today’s mortgage lenders. The company’s suite of products addresses the speed at which today’s real estate market moves by delivering technology solutions that create agile and informed borrowers, build strong referral partners and ultimately save lenders time and money. For more information, visit

NEWS SOURCE: LenderLogix


This press release was issued on behalf of the news source (LenderLogix), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

To view the original story, visit: https://www.send2press.com/wire/lenderlogix-q1-2025-homebuyer-intelligence-report-shows-early-2025-mortgage-market-momentum-stronger-loan-engagement/

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Victorian Finance Switches to LiteSpeed by LenderLogix for Point-of-Sale

LiteSpeed provides digital-first, mobile-friendly capabilities, enhancing borrower experiences

BUFFALO, N.Y., April 29, 2025 (SEND2PRESS NEWSWIRE) — LenderLogix, a leading provider of mortgage point-of-sale and automation software for banks, credit unions, independent mortgage banks, and brokers, today announced that Victorian Finance, an independent mortgage lending company, has implemented LiteSpeed™ to replace its legacy point-of-sale (POS) system. Victorian Finance will use LiteSpeed to provide borrowers with an automated, digital-first mortgage experience.

LenderLogix
Image caption: LenderLogix.>

“With LiteSpeed, we’re well-positioned to meet the evolving needs of our borrowers by leveraging features and functionality that weren’t previously available to us,” said Victorian Finance President Sonny Bringol. “Its advanced capabilities allow us to streamline processes, enhance efficiency, and improve the borrower experience in ways that weren’t possible before. With LiteSpeed, we can scale more effectively and deliver faster, smoother loans.”

LiteSpeed allows loan officers (LOs) to provide personalized application links with customized document checklists, simplifying lending processes for both borrowers and LOs. Borrowers can upload files through a user-friendly interface. Files are automatically integrated into Encompass®, saving LOs significant time by eliminating manual handling.

LiteSpeed accelerates loan approvals and enhances efficiency for all parties involved by automating repetitive tasks and reducing processing delays. The platform is fully customizable to align with an institution’s branding, mobile-friendly and SOC 2 compliant.

“LiteSpeed is designed to help lenders simplify their workflows and connect with borrowers more effectively,” said LenderLogix Co-Founder and CEO Patrick O’Brien. “We’re committed to equipping our clients with tools that drive efficiency while delivering an experience borrowers expect in today’s digital-first environment.”

Visit https://lenderlogix.com/contact to request a demo.

About LenderLogix

LenderLogix leverages the four decades of firsthand mortgage origination and real estate experience of its executive team to design customized software to meet the needs of today’s mortgage lenders. The company’s suite of products addresses the speed at which today’s real estate market moves by delivering technology solutions that create agile and informed borrowers, build strong referral partners and ultimately save lenders time and money. For more information, visit https://www.lenderlogix.com/.

NEWS SOURCE: LenderLogix


This press release was issued on behalf of the news source (LenderLogix), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

To view the original story, visit: https://www.send2press.com/wire/victorian-finance-switches-to-litespeed-by-lenderlogix-for-point-of-sale/

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Tidewater Mortgage Services Replaces Legacy POS with LiteSpeed from LenderLogix

LiteSpeed optimizes digital application processes and enhances the borrower experience

BUFFALO, N.Y., April 15, 2025 (SEND2PRESS NEWSWIRE) — LenderLogix, a leading provider of mortgage point-of-sale and automation software for banks, credit unions, independent mortgage banks, and brokers, today announced Tidewater Mortgage Services (Tidewater), a retail mortgage lending company, has replaced its legacy point-of-sale (POS) technology with LiteSpeed, thus expanding its partnership with the company. In addition to Fee Chaser™, Tidewater will now use LiteSpeed as the point-of-sale to automate mortgage processes and provide borrowers with a digital-first experience.

LenderLogix
Image caption: LenderLogix.

“We needed a POS platform that offered a more intuitive, borrower-friendly application process and greater automation than our previous platform,” said Tidewater VP of Project Management, Mike Martin. “LiteSpeed delivers on those needs, allowing us to streamline workflows, reduce friction for borrowers and ultimately close loans more efficiently. Our experience with Fee Chaser had already demonstrated LenderLogix’s reliability and efficiency, so expanding our partnership with LiteSpeed was the clear next step.”

LiteSpeed is designed to simplify the lending process for both borrowers and lenders. With its AI-driven capabilities, the platform enables loan officers to provide personalized application links that generate customized document checklists, streamlining submissions. Borrowers benefit from a user-friendly interface for uploading files, which are automatically integrated into Encompass®, eliminating time-consuming manual handling.

Fully customizable to match an institution’s branding, LiteSpeed is mobile-friendly and adheres to rigorous security standards, including SOC 2 compliance. By automating repetitive tasks and reducing processing delays, the platform not only accelerates loan approvals but also delivers a smoother, more efficient experience for borrowers and lenders alike.

“LiteSpeed delivers a seamless mobile experience that provides a competitive advantage for lenders trying to get ahead in a market where consumers demand convenience,” said LenderLogix Co-Founder and CEO Patrick O’Brien. “By supporting and enhancing early customer engagement, we’re empowering our customers to deliver exceptional borrower experiences at a cost-efficient price.”

Visit https://lenderlogix.com/contact to request a demo.

About LenderLogix

LenderLogix leverages the four decades of firsthand mortgage origination and real estate experience of its executive team to design customized software to meet the needs of today’s mortgage lenders. The company’s suite of products addresses the speed at which today’s real estate market moves by delivering technology solutions that create agile and informed borrowers, build strong referral partners and ultimately save lenders time and money. For more information, visit https://www.lenderlogix.com/.

NEWS SOURCE: LenderLogix


This press release was issued on behalf of the news source (LenderLogix), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

To view the original story, visit: https://www.send2press.com/wire/tidewater-mortgage-services-replaces-legacy-pos-with-litespeed-from-lenderlogix/

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LenderLogix Q4 2024 Homebuyer Intelligence Report Data Indicates Possible Improvement in Affordability

The LenderLogix 2024/Q4 Homebuyer Intelligence Report Data Indicates Possible Improvement in Affordability

BUFFALO, N.Y., Jan. 21, 2025 (SEND2PRESS NEWSWIRE) — LenderLogix, a leading provider of mortgage point-of-sale and automation software for banks, credit unions, independent mortgage banks, and brokers, today announced the release of the Homebuyer Intelligence Report, a quarterly summary of insights into borrower behavior during the home-buying process based on data collected by the LenderLogix suite of tools. The latest report covers data collected during the pre-approval and borrower application process in the fourth quarter (Q4) of 2024.

LenderLogix
Image caption: LenderLogix.

Pre-Approvals

In Q4 2024, borrowers generated 37,831 pre-approval letters through LenderLogix’s QuickQual pre-approval platform, a 23.4% decrease from Q3 2024. The average number of pre-approved borrowers per loan officer decreased from 28.5 in Q3 2024 to 23 in Q4 2024.

The average pre-approval letter loan amount slightly decreased from $388,215 in Q3 to $322,532 in Q4. The average sales price also decreased from $446,390 to $376,436. The average down payment size shows a marginal increase from 13% in Q3 to 14.3%.

Conventional loans remained the most popular loan type for pre-approved borrowers in Q4, though decreasing slightly from 76% to 74.3% in the prior quarter. FHA pre-approvals increased somewhat from 17.9% to 19.1%. VA (4%) and USDA (1%) maintained their share from Q3 to Q4 2024.

“The overall decrease and drop in pre-approvals was expected in Q4 as this is historically a lower-volume quarter overall,” said LenderLogix Co-Founder and CEO Patrick O’Brien. “However, the decrease in average sales price is a promising sign for affordability and may indicate a potential increase in mortgage-ready borrowers as the new year begins.”

Borrower Conversion

Of the borrowers using QuickQual in Q3 2024, the average number of days between pre-approval and loan submission held steady at 91 days in Q4. The most prolonged duration between pre-approval and application increased by fifty-seven days from 593 in Q3 to 650 in Q4. The conversion rate from borrowers using QuickQual to loan application decreased slightly from 56% to 54% in Q4. Borrowers generated an average of eight pre-approval letters before converting.

“Despite a large increase in the longest duration between pre-approval and application, the average duration remained the same,” O’Brien noted. “Thus, loan officers can, on the whole, expect borrowers to continue moving through the pipeline steadily and should be prepared to accommodate them.”

Data from LenderLogix Homebuyer Intelligence Report is available to the industry free of charge. To learn more about LenderLogix, visit www.lenderlogix.com.

About LenderLogix

LenderLogix leverages the four decades of firsthand mortgage origination and real estate experience of its executive team to design customized software to meet the needs of today’s mortgage lenders. The company’s suite of products addresses the speed at which today’s real estate market moves by delivering technology solutions that create agile and informed borrowers, build strong referral partners and ultimately save lenders time and money. For more information, visit

NEWS SOURCE: LenderLogix


This press release was issued on behalf of the news source (LenderLogix), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

To view the original story, visit: https://www.send2press.com/wire/lenderlogix-q4-2024-homebuyer-intelligence-report-data-indicates-possible-improvement-in-affordability/

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New #1 Hit Children’s Book ‘Everyone Is Perfect for Just Who They Should Be’ Inspires Self-Love and Universal Kindness

Author and reality TV personality Johnny Stanz's journey to becoming an author is as inspiring as the message in his book

BUFFALO, N.Y., Dec. 31, 2024 (SEND2PRESS NEWSWIRE) — Author and reality TV personality Johnny Stanz has released his debut children’s book, “Everyone Is Perfect for Just Who They Should Be” (ISBN: 978-0228895190), published on December 12, 2024, by Tellwell Publishing. This beautifully written poem teaches readers of all ages the importance of kindness, self-acceptance, and celebrating the differences that make each person unique. The book has already reached #1 as a Hot New Release in Amazon.com’s Children’s Multiculturalism & Tolerance category.

BOOK: Everyone Is Perfect for Just Who They Should Be
Image caption: “Everyone Is Perfect for Just Who They Should Be” by Johnny Stanz.

Stanz’s journey to becoming an author is as inspiring as the message in his book. On August 15, 2009, while serving in the United States Marine Corps, he sustained life-threatening injuries from an improvised explosive device (IED). Given a zero-percent chance of survival and spending over a month and a half in a coma, he defied the odds. On December 12, 2009—exactly 15 years before his book’s release – he walked out of the hospital completely unassisted. His recovery stands as a testament to perseverance and hope, values that resonate throughout his writing.

“In a world where the message that ‘nobody’s perfect’ is often emphasized, we should flip the narrative by reminding readers that perfection lies in being true to oneself,” says the author. “People often wish they could speak every language in the world, but kindness is a language everyone already knows and understands. It’s the most powerful way to connect with others.”

Through lyrical prose, “Everyone Is Perfect for Just Who They Should Be” challenges societal standards and instills a sense of self-worth while emphasizing the inherent value in every individual. It explores concepts such as striving to be the best version of oneself and recognizing that while actions may be imperfect, individuals are inherently perfect when they give their best effort. The book also celebrates diversity, highlighting how differences in race, culture, beliefs, and gender enrich the world, and reinforces the Golden Rule: treat others as you wish to be treated.

ABOUT THE AUTHOR:

Johnny Stanz’s journey to writing began with a heartfelt list he penned for his daughter, Charlotte. Meant to guide and inspire her to treat others with respect and love, his early morning reflection on kindness, acceptance, and life’s simple yet profound truths soon blossomed into a beautiful poem. Encouraged by two of his sisters, both elementary school teachers in their respective communities, he expanded the poem into a charming children’s book. To further refine his craft before publication, Stanz completed a poetry-writing course through the University of Oxford, ultimately preparing his work to share with the world.

Stanz’s goal is to make the world a better place, one reader at a time. Through the various stanzas in “Everyone Is Perfect for Just Who They Should Be,” he hopes to inspire children and adults alike to embrace the beauty of individuality—both within themselves and in others—and to exemplify the power of kindness.

AVAILABILITY:

“Everyone Is Perfect for Just Who They Should Be” is available now on Amazon and other major online retailers.

BOOK SUMMARY: 

Author: Johnny Stanz

Email: authorpress@tellwell.ca

Website: https://stingraypublications.com/

Purchase Link: https://a.co/d/h0Byvw8

Genre: Children’s

Released: December 12, 2024

PAPERBACK ISBN-10: 9780228895190

Publisher: Tellwell ( https://tellwell.ca/ )

NEWS SOURCE: Tellwell Publishing


This press release was issued on behalf of the news source (Tellwell Publishing), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

To view the original story, visit: https://www.send2press.com/wire/new-1-hit-childrens-book-everyone-is-perfect-for-just-who-they-should-be-inspires-self-love-and-universal-kindness/

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LenderLogix Co-Founder and Chief Technology Officer Scott Falbo named HousingWire Tech Trendsetter for Second Consecutive Year

BUFFALO, N.Y., Nov. 1, 2024 (SEND2PRESS NEWSWIRE) — LenderLogix, a leading provider of mortgage point-of-sale and automation software for banks, credit unions, independent mortgage banks and brokers, today announced Co-founder and Chief Technology Officer Scott Falbo has been selected by HousingWire as a 2024 Tech Trendsetter Award winner. In its sixth year, HousingWire’s Tech Trendsetters award recognizes the most impactful and innovative technology leaders serving the housing economy.

LenderLogix Co-Founder and Chief Technology Officer Scott Falbo
Image caption: LenderLogix Co-Founder and Chief Technology Officer Scott Falbo.

“The 2024 Tech Trendsetters represent a group of truly innovative leaders who are pushing the boundaries of what’s possible in mortgage and real estate,” said HousingWire Editor-in-Chief Sarah Wheeler. “These tech trailblazers are not just enhancing efficiency, but transforming the way businesses operate — from streamlining lending processes to improving the customer experience in real estate transactions. Their impact is reshaping both industries, and their forward-thinking solutions are setting new standards for how technology can drive growth and success in today’s evolving market.”

In addition to using LenderLogix’s LiteSpeed tool to help lenders achieve consistent conversion rates of more than 50% even in a down market, Falbo has been the driving force behind integrations with two verification providers—AccountChek by Informative Research as well as with Truv. These integrations allow lenders to obtain key verifications at the point of application and access programs, including Day 1 Certainty® Asset and Income Modeler (AIM), providing for pre-closing employment verifications. Using direct-to-source income and employment verification via these consumer-permissioned platforms not only enhances speed and accuracy but delivers significant cost savings and lowers overall loan processing expenses.

“HousingWire has been kind enough to name me, again, as their Tech Trendsetter, but it’s really a team effort. By keeping client needs at the forefront, we’ve been able to build a team that makes an 80% conversion rate from mortgage inquiry to application possible via our point-of-sale platform LiteSpeed,” said Falbo. “Furthermore, our team is helping lenders provide nearly 35,000 borrowers with instant answers via QuickQual, resulting in 216,499 on-demand letter updates made by borrowers and real estate agents logging in over 750,000 times to run scenarios during all hours of the day.”

The 2024 HousingWire Tech Trendsetters were selected by HousingWire’s selection committee based on their vital and dynamic contributions to their organizations and the housing industry as a whole.

“The HousingWire awards reflect our mission to provide real estate and mortgage professionals with ‘the full picture’ of the people and technologies shaping housing,” said Clayton Collins, CEO of HW Media. “The 2024 Tech Trendsetters program exemplifies the leaders that are transforming the market and empowering businesses to drive results. Congratulations to the 2024 HousingWire Tech Trendsetters.”

The complete list of HousingWire Tech Trendsetter Award recipients can be found at www.housingwire.com.

About LenderLogix

LenderLogix leverages the four decades of firsthand mortgage origination and real estate experience of its executive team to design customized software and APIs to meet the needs of today’s mortgage lenders. The company’s suite of products addresses the speed at which today’s real estate market moves by delivering technology solutions that create agile and informed borrowers, build strong referral partners and ultimately save lenders time and money. For more information, visit https://www.lenderlogix.com/.

About HousingWire

HousingWire is the most influential source of news and information for the U.S. mortgage and housing markets. Built on a foundation of independent and original journalism, HousingWire reaches more than 70,000 newsletter subscribers daily and 1 million unique visitors each month and has more than 5,000 members and event attendees. Visit www.housingwire.com or www.solutions.housingwire.com to learn more.

NEWS SOURCE: LenderLogix


This press release was issued on behalf of the news source (LenderLogix), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

To view the original story, visit: https://www.send2press.com/wire/lenderlogix-co-founder-and-chief-technology-officer-scott-falbo-named-housingwire-tech-trendsetter-for-second-consecutive-year/

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US Mortgage Corporation Taps LenderLogix LiteSpeed to Replace its Legacy Point-of-Sale

The company has implemented LiteSpeed to provide a seamless digital-first mortgage process at first touch

BUFFALO, N.Y., Oct. 23, 2024 (SEND2PRESS NEWSWIRE) — LenderLogix, a leading provider of mortgage point-of-sale and automation software for banks, credit unions, independent mortgage banks, and brokers, today announced US Mortgage Corporation, a nationwide mortgage lender, has selected LiteSpeed to automate its mortgage process and provide its borrowers a digital-first borrower experience.

LenderLogix
Image caption: LenderLogix.

“Once we saw the functionality of LiteSpeed, we couldn’t look at our borrower journey the same. Any way we can eliminate borrower friction is a win for us,” said Scott Milner, president of US Mortgage Corporation. “We needed a system that wasn’t just a digital loan application but something that could keep our borrowers engaged from pre-approval through closing. LiteSpeed allowed us to reimagine how we request conditions from borrowers and given its strong alignment with our LOS, we’re driving efficiencies through our entire process.”

LiteSpeed’s integration with Encompass® by ICE Mortgage Technology enhances US Mortgage’s loan application process by guiding borrowers through a sleek, mobile-friendly digital application where upon completion, borrowers instantly receive a personalized needs list, a secure document upload link and additional resources from their chosen loan originator. The needs list is then updated from Encompass as the loan progresses, making it a consistent experience for borrowers as underwriting conditions are collected and the loan is cleared to close.

“Every LenderLogix solution was created with the objective of streamlining the mortgage process and simultaneously enhancing the borrower experience,” said LenderLogix Co-Founder and CEO Patrick O’Brien. “It’s increasingly difficult for lenders to stand out in a sea of their peers, which is why we place such an emphasis on creating an automated digital borrower experience. Our products create personalized digital experiences for borrowers, while also shaving valuable minutes off each transaction for loan officers.”

Visit https://lenderlogix.com/contact to request a demo.

About LenderLogix:

LenderLogix leverages the four decades of firsthand mortgage origination and real estate experience of its executive team to design customized software to meet the needs of today’s mortgage lenders. The company’s suite of products addresses the speed at which today’s real estate market moves by delivering technology solutions that create agile and informed borrowers, build strong referral partners and ultimately save lenders time and money. For more information, visit https://www.lenderlogix.com/.

NEWS SOURCE: LenderLogix


This press release was issued on behalf of the news source (LenderLogix), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

To view the original story, visit: https://www.send2press.com/wire/us-mortgage-corporation-taps-lenderlogix-litespeed-to-replace-its-legacy-point-of-sale/

Copr. © 2024 Send2Press® Newswire, Calif., USA. -- REF: S2P STORY ID: S2P121666 NOREL-3B

 

LenderLogix Q3 2024 Homebuyer Intelligence Report Data: Homebuyers Hold Steady and ‘Wait for the Rate’

BUFFALO, N.Y., Oct. 17, 2024 (SEND2PRESS NEWSWIRE) — LenderLogix, a leading provider of mortgage point-of-sale and automation software for banks, credit unions, independent mortgage banks, and brokers, today announced the release of the Homebuyer Intelligence Report, a quarterly summary of insights into borrower behavior during the home-buying process based on data collected by the LenderLogix suite of tools. The latest report covers data collected during the pre-approval and borrower application process in the third quarter (Q3) of 2024.

LenderLogix
Image caption: LenderLogix.

Pre-Approvals

In Q3 2024, borrowers generated 49,392 pre-approval letters through LenderLogix’s QuickQual pre-approval platform, a 15% decrease from Q2 2024. The average number of pre-approved borrowers per loan officer decreased slightly from 29 in Q2 2024 to 28.5 in Q3 2024.

The average pre-approval letter loan amount increased by 26% from $308,681 in Q2 to $388,215 in Q3, fueled by a 23% increase in the average sales price from $362,780 to $446,390. The average down payment shrank marginally from 15% in Q2 to 13% in Q3.

Conventional loans remained the most popular for pre-approved borrowers, staying consistent at 76%. All categories held steady through Q3, with FHA pre-approvals barely climbing from 17.8% to 17.9%, while VA (4%) and USDA (1%) maintained their share from Q2 to Q3 2024.

“With the Fed’s announcement that rates will likely drop again, it’s not surprising to see steady-to-slow developments as homebuyers wait for the rate,” said LenderLogix Co-Founder and CEO Patrick O’Brien.

Borrower Conversion

Of the borrowers using QuickQual in Q2 2024, the average number of days between pre-approval and loan submission increased nearly 7% from 85 to 91 days in Q3. The longest duration between pre-approval and application decreased by ten days from 603 in Q2 to 593 in Q3. The conversion rate from borrowers using QuickQual to loan application decreased slightly from 58% to 56% in Q3. Borrowers generated an average of eight pre-approval letters before converting.

“Homebuyers’ behavior has a lot to do with expectations, and we are certainly seeing that with our holding pattern,” O’Brien noted. “With Fannie Mae signaling this fall that its 30-year fixed rate will land at 6.2% by the end of the year, bringing it in line with the MBA’s expected rate before both glide in below 6% in 2025, we can see the effect of anticipation. Nonetheless, there are those who have found what they are looking for now, and they know those lowered rates will mean more demand that could place them in a bidding war.”

Data from LenderLogix Homebuyer Intelligence Report is available to the industry free of charge. To learn more about LenderLogix, visit www.lenderlogix.com.

About LenderLogix:

LenderLogix leverages the four decades of firsthand mortgage origination and real estate experience of its executive team to design customized software to meet the needs of today’s mortgage lenders. The company’s suite of products addresses the speed at which today’s real estate market moves by delivering technology solutions that create agile and informed borrowers, build strong referral partners and ultimately save lenders time and money. For more information, visit https://www.lenderlogix.com/.

NEWS SOURCE: LenderLogix


This press release was issued on behalf of the news source (LenderLogix), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

To view the original story, visit: https://www.send2press.com/wire/lenderlogix-q3-2024-homebuyer-intelligence-report-data-homebuyers-hold-steady-and-wait-for-the-rate/

Copr. © 2024 Send2Press® Newswire, Calif., USA. -- REF: S2P STORY ID: S2P121564 NOREL-3B

 

M2 Lending Solutions Taps LenderLogix to Provide Automated, Digital-First Borrower Experience

M2 lending has implemented QuickQual, LiteSpeed, and Milestone Text Updates to provide borrowers high-touch, white-glove service

BUFFALO, N.Y., Sept. 24, 2024 (SEND2PRESS NEWSWIRE) — LenderLogix, a leading provider of mortgage point-of-sale and automation software for banks, credit unions, independent mortgage banks, and brokers, recently announced the addition of M2 Lending to its roster of clients utilizing LiteSpeed, QuickQual and Milestone Text Updates.

LenderLogix
Image caption: LenderLogix.

“Our philosophy is to find the best mortgage product for each customer, so it made sense to apply this same philosophy to our technology,” said Chris Murphy, Founder and Principal at M2 Lending. “We started our relationship with LenderLogix solely using QuickQual, but the sleek design and functionality of the platform quickly led us to reevaluate our mortgage tech stack to see how LenderLogix could help us deliver an even better borrower experience in other areas.”

Leveraging LiteSpeed and QuickQual at the front end of the origination process ensures a smooth transition for M2 Lending’s borrowers from pre-qualification to application. QuickQual and LiteSpeed provide a consistent, modern, streamlined experience from the first point of contact through application. LenderLogix Milestone Text Updates help keep real estate agents, borrowers, and LOs on the same page through automatic text alerts. Lenders can configure the system using specific field identifications or milestones to deliver custom status updates to all interested parties, ensuring that the right message gets delivered at the right time.

“As a former loan officer, I’ve seen firsthand the gaps in the mortgage origination process that often get overlooked,” said Patrick O’Brien, Co-Founder and CEO of LenderLogix. “LenderLogix was founded with the goal to create digital tools that make a real, measurable impact by addressing these areas. Instead of chasing the latest trends, we focus on refining existing processes so lenders of any size can deliver a superior borrower experience.”

About LenderLogix

LenderLogix leverages the four decades of firsthand mortgage origination and real estate experience of its executive team to design customized software to meet the needs of today’s mortgage lenders. The company’s suite of products addresses the speed at which today’s real estate market moves by delivering technology solutions that create agile and informed borrowers, build strong referral partners and ultimately save lenders time and money. For more information, visit https://www.lenderlogix.com/.

NEWS SOURCE: LenderLogix


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