NOVEMBER - 202219Dave Gorsuch, have taken a unique route to get things done. "We have ensured LoanPASS is diverse and inclusive of all market verticals, which is unlike other financial tools that are very market specific. This means that LoanPASS covers everything, including but not limited to consumer lending, mortgage lending, private money lending, business lending, commercial lending, and student lending," says Mitchell.Retail banks, credit unions, wholesale mortgage bankers and other lenders have weathered many storms over the years. These challenges have resulted from rising interest rates and inefficient management of banking staff. To help businesses overcome these challenges, LoanPASS delivers its technology-powered solutions that are designed to ramp up a bank's sales and operational efficiency. LoanPASS's solutions have two main aspects that give them an advantage over their competition. The first aspect of LoanPASS's success is tied to writing the application in RUST. According to surveys, RUST is one of the most popular programming languages, designed to be fast and safe. Gorsuch says, "This gives us a clear advantage as it allows our developers to move fast and add new features quickly while ensuring that their writing is safe, correct, and valid. It lets us build new features and allows our users to configure the system to price their products accurately." Moreover, the software runs on AWS Lambda, allowing it to scale infinitely and return results in less than a second.The LoanPASS team demonstrated the flexibility and speed of their platform at the Mortgage Bankers Association PPE Demo Days, where they showed the audience how bankers could add fields and apply rules to the system in just two minutes."The amount of success that LoanPASS is experiencing can be credited to its management team with over 25 years of experience on average, working in different fields, including finance and technology," says Long. "Ultimately, new clients are gravitating to our solution as a result of our strong values, which can be narrowed down to an acronym we arrived at that represents the way we do business. It's called QCITI; "Q" for quality, "C" for collaboration, "I" for integrity, "T" for transformative, and "I" for innovative. Our clients know that we don't use QCITI loosely; we prove it to them. When a company is doing great things and treating their clients with care, other companies talk. It's been amazing to see how word of mouth has catapulted us into other markets. We've developed a reputation that LoanPASS not only meet lending automation needs but also provide the ingenuity to elevate companies to the next level in their respective industries," Long concluded. BCBill Mitchell, CRODerek Long, COO, PresidentDave Gorsuch,CTO
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