LIQUID LOGICS ANNOUNCES INTEGRATION WITH RCN CAPITAL
KANSAS CITY, Missouri – July 24, 2019 – Liquid Logics announced that their best-in-class loan origination software will now integrate with RCN Capital starting in August 2019. The announcement follows news earlier this year of Liquid Logics’ partnership with PeerStreet’s investor marketplace to integrate their LOS software with PeerStreet’s investor database.
The new integration with RCN Capital will allow lenders to now seamlessly transfer borrower information and loan documentation directly from Liquid Logics’ LOS to RCN Capital for review and funding approval. This new integration will help lenders save time by eliminating the redundant task of re-entering or manually transferring data from the LOS to an unrelated third-party funder.
Through this intra-system integration, Liquid Logics aims to make the loan funding process easier. In simplifying that process, it gives lenders more funding options directly from their LOS, helps achieve faster and more efficient lending cycles by eliminating redundant tasks, and returns quicker credit decisions for their borrowers. “This second source of funding we’re announcing is unique due to its independence from institutional money restrictions, making it flexible to fund unique and traditional deals. It brings a flagship presence for secondary market loan funding to Liquid Logics Marketplace. Further, it solidifies our FinTech platform capability to provide liquidity to our broker and lender network by merging loan origination directly into capital sources,” said Sam Kaddah, founder and CEO of Liquid Logics. “With this partnership, Liquid Logics helps lenders achieve faster and more efficient lending cycles by connecting them to additional capital influx — allowing them to do more business and to do it better and achieve higher yields while closing more units.”
RCN Capital is a nationwide, direct private lender providing real estate investors with short-term commercial loans. RCN loans have been used to fund the purchase and rehab of non-owner occupied residential and commercial properties, fund bridge financing, and provide real estate-backed lines of credit.
Liquid Logics is a FinTech company that provides next-generation, cloud-based, lending-centric CRM, Loan Origination Software (LOS), doc engine, loan servicing, draw and construction management, asset & REO management, investor management, and fund pool management primarily for private/hard money lenders. The system was built around the borrower experience with an emphasis on simplicity and speed for the Loan Officer.
Liquid Logics is passionate about helping private lenders improve their businesses by streamlining the loan process. Liquid Logics strives to make its software the best in the industry for all users, including borrowers, outside investors, and lender employees.
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