A visionary dreaming of agile tech and automation for loan officers and borrowers, Patrick O’Brien hung up his LO hat and co-founded LenderLogix, a leading provider of mortgage point-of-sale (POS) and automation software for banks, credit unions, independent mortgage banks, and brokers. Today, LenderLogix has a robust product suite that saves lenders time and money while delivering exceptional, digitally driven borrower experiences from the initial point of contact — all of which play a crucial role in lenders abilities to differentiate themselves in today’s highly competitive market.
O’Brien’s leadership has helped maintain LenderLogix’s success despite a challenging year for the mortgage industry. In the last year, LenderLogix has achieved 42% growth in annual recurring revenue and a 500% increase in point-of-sale LiteSpeed users. In addition to LenderLogix’s product suite improving LO conversation rates, the company also produces a quarterly homebuyer intelligence report, free of charge to the mortgage industry.
O’Brien believes high-touch early engagement is essential to lenders’ success and shouldn’t be hidden within an app or behind a login screen. Today, that vision has resulted in the company’s current technology suite, which has enabled hundreds of lending organizations to quickly and easily improve their borrower-facing digital footprint without bottoming out their bottom line. His technological vision has paved the way for lenders to differentiate themselves, resulting in consistent conversation rates north of 50% despite a down market.
In addition to his leadership at LenderLogix, O’Brien is also an active member of the local Buffalo community, prioritizing building LenderLogix with local Buffalo residents, the Buffalo Niagara Mortgage Bankers Association, and the New York Mortgage Bankers Association.
What’s the best piece of advice you’ve ever received?
“Ain’t nothin’ to it but to do it.” We can get into our heads, overthink a lot and slow ourselves down by overanalyzing. Just start. Ain’t nothin’ to it but to do it.
Name:
Patrick O'Brien
Title:
CEO and Co-Founder
Company Name:
LenderLogix
