LoanLogics, a recognized technology leader in loan quality management and performance analytics, announced it is partnering with Transformational Mortgage Solutions (TMS), a provider of management consulting services for the mortgage industry, the company announced in a release.
As part of the partnership, TMS will acquire LoanLogics’ non-core MSR consulting products and re-brand LoanLogics’ MarketLogics newsletter, which informs readers on technical, interest rate, volatility and yield spread outlooks for the mortgage industry. Les Parker, who oversaw MarketLogics and led LoanLogics’ industry relations and consulting efforts, will join TMS as its managing director. He will continue working closely with LoanLogics, the release said.
“By transferring the company’s non-core, MSR consulting business to TMS, LoanLogics will align all its resources to focus on its core products and services that bring significant ROI to its customers,” LoanLogics CEO Brian Fitzpatrick said. “Les (Parker) will continue to advise LoanLogics on economic outlook, strategic partnerships, collaborate with LoanLogics at industry events and provide content to a new weekly LoanLogics newsletter currently in development.”
TMS founder David Lykken expressed appreciation with regards to adding the consulting services of LoanLogics, stating that such a move fits in with his company’s vision and its new advisory board services. TMS President and Chief Operating Officer Beth Ozenghar spoke to the trust her company has with customers pertaining to shared communication and the seeking of tangible benefits. Ozenghar noted that as TMS expands its services; this partnership will be a great addition to the area of product offerings.
“TMS is one of the best management consulting services in the industry and the firm, and its principal, David Lykken, have been close partners of ours for many years, so they were the natural choice to take over our non-core consulting operations,” Fitzpatrick said. “We also look forward to continuing to work with David and Les, which will expand on the contributions that Les has made toward our growth over the years, including our positive culture. Les’s (Parker) insights have helped refine our vision as a company and helped us build better products and improve customer results.”