KANSAS CITY, Missouri – September, 2019 – Liquid Logics announced that their best-in-class loan origination software will now integrate with leading nationwide private lender, RCN Capital starting in September 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 the lending process, this gives lenders more funding options directly from the Liquid Logics 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.”
“As a nationwide leader in providing table funding with the most competitively priced capital in the marketplace, we are thrilled to partner with a private lending industry tech leader,” said Jeffrey Tesch, CEO of RCN Capital. “By partnering with Liquid Logics, our existing and future clients will have state of the art technology to seamlessly integrate with RCN Capital.”
RCN Capital is a national, direct, private lender. Established in 2010, RCN provides short-term and long-term commercial loans for the purchase of non-owner occupied residential and commercial properties, financing of renovation projects and bridge funding. RCN lends to experienced real estate professionals, investors and contractors throughout the country. Referrals valued; brokers are protected. For more information on RCN Capital and RCN’s loan programs, visit www.RCNCapital.com.
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.