LoanPASS founder and CEO Bill Roy is a storied industry veteran whose experience, vision and ability to execute have earned his young company a reputation as one of the foremost innovators in loan decisioning and pricing. The company’s significant growth over the last 12 months stands out at a time when mortgage lenders are understandably choosy about their investments in technology.

Roy’s career highlights include senior analyst positions at Merrill Lynch and Arco Investments, the launch and sale of a successful mortgage tech startup, and the creation of a $800 million hedge fund and venture capital business. He founded LoanPASS in 2019 with a vision to supplant legacy product and pricing engines (PPEs) used in conventional mortgage lending with a flexible, rules-based loan decisioning engine capable of handling guidelines and pricing for any lending product, across any vertical.

In five years, Roy recruited an executive team and oversaw the in-house development of a solution unlike anything the mortgage industry has ever seen. Coded in Rust, a high-performance programming language used by the world’s most admired tech companies but seldom seen in the mortgage industry, LoanPASS is lightning-fast, customizable for each lender, and accessible enough for mortgage business leaders to manage their own guidelines without developer support. The resulting efficiencies and cost savings have proven so transformative for lenders that LoanPASS has enjoyed 100% customer retention since onboarding its first paying customer in 2021.

LoanPASS has grown by leaps and bounds over the last 12 months. Under Roy’s leadership, client signings are up 185% year-over-year, generating revenue growth of more than 270% from 2023 to 2024. The number of daily active LoanPASS users is up 238%, and total LoanPASS system usage (average daily API calls) has increased nearly tenfold since 2023.

What’s the best piece of advice you’ve ever received?

Perseverance is more important than where you went to school or who you know.

Name:

Bill Roy

Title:

Founder and CEO

Company Name:

LoanPASS