LendingSpace in News

April 16, 2009
Mortgage Technology
"On The Drawing Board: The Future for LOS Technologies"
By Ravi Varma,CEO, LendingSpace

The Mortgage Bankers Association’s recent prediction of a refinance boom has the industry buzzing about origination once again. The market is expected to come close to $2.8 billion, about two thirds of which will be refinances, as consumers seek to capitalize on rates in the four percent range. As that happens, several questions come to mind, including, “How are we going to do all that volume after depleting our origination staff?” and “Where do we find people who know how to do FHA and reverse mortgages?” Among the new things on the drawing board for loan origination software providers are answers to these questions, at least in part. In addition, there are a lot of new enhancements in the cards over the next few years that will speed and simplify the origination process, leading lenders to the promised land of better, faster, cheaper. read more

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March 10, 2009
Reverse Mortgage
"Secondary Marketing Executive!"
By Ravi Varma,CEO, LendingSpace

The reverse mortgage is growing inexorably and exponentially. We can expect the reverse mortgage market - both the pramary and secondary - to evolve fairly rapidly over the next five or so years, with more participants funding loans themselves and selling GinnieMae's home equity conversion mortgage (HECM) securities. read more


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November 6, 2008
Mortgage Technology
"Let's All Share The Risk"
By Ravi Varma,CEO, LendingSpace

As an industry, mortgage technology has undergone a substantial evolution over the last several years. Less than a decade ago, it was not unusual for lenders to employ hundreds of IT engineers and developers who ran through tens of millions of dollars per year to create origination platforms. These platforms were designed to save companies money in the long run, even if they were costly in the development phase, and small usability tweaks requested by users tended to take a back seat to higher priority initiatives. read more


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September 29, 2008
MBA NewsLink
"IT Workers Report Lack of Adequate Training"

Seventy-eight percent of IT workers in the United States do not feel adequately prepared and have been asked to accomplish tasks without receiving proper training beforehand, according to a survey from SkillSoft PLC, Nashua, N.H.

Ravi Varma, CEO of LendingSpace Inc., South Plainfield, N.J., said there is an acute shortage of good IT resources. “Good resources move to better paying jobs,” he said. “When IT managers lose resources in the middle of projects and are trying to meet deadlines, they are forced to fill positions with individuals from other projects or hire new resources who do not necessarily understand the project.” read more

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September 10, 2008
MBA NewsLink
"Tech Experts See Software-as-a-Service Growth"


Developments in software-as-a-service, service-oriented architecture and open source software seek to increase efficiencies in both operations and costs. But technology vendors appear most optimistic about SaaS and its future.

Ravi Varma, CEO of Lending Space, Fulton, Md., said SaaS is still in its infancy, showing significant potential not only in the mortgage banking industry, but all industries. “It’s making a major shift,” he said. “There will be a lot of new entrants in the mortgage industry and SaaS is going to take a large foothold of technology business going forward.” read more

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August 18, 2008
Mortgage Technology
"The All-In-One LOS"
Interview with Ravi Varma, LendingSpace

The Holy Grail has always been achieving the end-to-end loan origination system where all a lender’s technology needs are satisfied in one core system. Instead, the LOS remains the system of record, but is integrated with niche technology players to automate the entire mortgage process. Thriving LOS companies are actively looking to get closer to being end-to-end as niche players look to be sold. Ravi Varma, the CEO of LOS LendingSpace, talked with our editor Tony Garritano about moving closer to the all-in-one LOS. read more

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August 14, 2008
Mortgage Technology Newsletter
"Are There Too Many Pricing Vendors?"
By Anthony Garritano

In total 56 % of 16 respondents don’t think there are too many pricing vendors in the market. However, there certainly are several players vying for the lead in this space.

“There may be a lot of companies out there but they are not all the same, nor do they all provide the best accuracy,” said a source at Sollen. “Being accurate is the key along with customer service and having a simplified system. It is very hard to find good customer service these days. read more

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