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CEO Corner

Suntell CEO Corner

Per a recent customer announcement, I am pleased to announce we finalized a partnership with Arcadea Group of Ontario Canada. This was a strategic equity recapitalization with their team to capitalize on what our team has built over the past 25 years. Arcadea Group is the only permanent capital growth investor in software companies globally. 

After a lengthy and time-consuming search process, we found the right partner in Arcadea Group given their familiarity in growing businesses like Suntell based on their long-term approach to growth and market expansion. We are very excited about what this means for both our current and future customers as we execute on product expansion and increase the value for years to come. 

I will continue in my role as CEO and Ronnie Wooten as President/COO as will all of our existing employees. The operating entity Suntell will continue which means no change to our existing relationship with you and how billing and support is handled. 

I am very excited about the future as we continue the Suntell journey!

Thank you,

Duane Lankard

Suntell CEO

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FAQs

How does a loan origination system work?

An LOS is defined as a system that automates and manages the end-to-end steps in the loan process – from the application, through underwriting, approval, documentation, pricing, funding, and administration.

What is the difference between loan origination and underwriting?

A loan officer is someone who works for a bank or credit union or other financial institution and offers loans to borrowers, while an underwriter is someone who analyzes documents from potential borrowers to determine if they are eligible for a loan.

What are the benefits of loan origination software?

By now, lenders are well versed in the benefits of a digital loan origination system, such as: Providing borrowers with easy, streamlined, and digital applications. Providing bankers with automating spreading and financial analysis tools.