PRESS RELEASE
TeraVendo’s LoanAce® loan origination software reaches milestone with 1,000th mortgage company
In less than three months on the market, LoanAce has become the loan origination software of choice for thousands of loan officers and loan originators at 1000 mortgage companies.
(Bellevue, WA October 16, 2006) – “We have been experiencing breathtaking growth,” said Jeff Cunio, president of TeraVendo, Inc. “Our company spent thousands of hours researching the needs of mortgage industry professionals and developing LoanAce to meet – and exceed – those needs. It is incredibly exciting and humbling to have 1,000 different mortgage industry companies trusting LoanAce as their loan origination software, especially in its first 90 days on the market. We have found a need in the market and LoanAce is clearly the solution.”
In tandem with this growth, TeraVendo has completely revamped its LoanAce support division, increasing both the IT and customer support staff. “We have every intention of being the number one loan origination software solution on the market,” said Mr. Cunio. “To make that a reality, our support staff has to be quick to respond to customer needs and even quicker in developing and delivering solutions and features to our rapidly expanding user base. This increase in staff will allow us to improve what is an already great customer support experience.”
About TeraVendo, Inc.
TeraVendo, Inc. is dedicated to providing secure, efficient and customer-friendly software solutions to loan originators, mortgage brokers, and loan officers. Since 2005 the Company has been invested in the development of the best possible information technology solutions for the Mortgage Industry. TeraVendo’s flagship product, LoanAce® debuted on August 1, 2006 as the Mortgage Industry’s first Loan Origination Software available at no charge, and quickly catapulted the industry to a new level of productivity. LoanAce®, went beyond providing a fully functioning LOS and introduced industry-leading features, including: QuickTitle™, one click title ordering; integrated leads; and a manageable and user-friendly format. For more information, please visit www.teravendo.com
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