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TeraVendo, Inc. Streamlines Loan Origination by Partnering with AppraiserLoft

San Diego, CA (PRWEB) August 22, 2008 -- AppraiserLoft, an innovative and technology-focused appraisal management company, is now the premier and preferred appraisal management firm for TeraVendo, Inc., a leading loan origination software company. TeraVendo's addition of a portal to AppraiserLoft in their popular loan origination software, LoanAce®, vastly improves and expedites productivity for loan originators, mortgage brokers, and loan professionals across the nation.

AppraiserLoft's online appraisal ordering platform allows users to order appraisals within minutes, providing immediate options for payment, and the ability to track the status of any appraisal order 24 hours a day. AppraiserLoft's network of over 5,000 certified appraisers guarantees 72-hour appraisal processing in all 50 states across the nation.

Aman Makkar, founder and CEO of AppraiserLoft, is excited to partner with TeraVendo as LoanAce's preferred appraisal management company. "As the premier online appraisal partner for LoanAce software, our online appraisal software will be even more accessible to the mortgage industry. We look forward to providing our services to LoanAce users and further enhancing LoanAce's capabilities."

TeraVendo launched LoanAce, the industry's first free loan origination software, on August 1, 2006. Since that time, LoanAce's user base has grown to over 3,000 companies and has quickly become a model of efficiency and cost savings in the mortgage industry. Their loan origination software is favored among loan originators and brokers because of its ease of use and fully integrated design, featuring the capability of its EZorder feature to order integrated credit reports, titles, appraisals, hazard insurance policies and leads. Another LoanAce feature, TEAM?, allows follow up on the loan process and its status in real time. LoanAce loan origination software, offered at no charge, is now greatly enhanced by the addition of an exclusive portal to AppraiserLoft.

Ariel Fleming, Managing Director of TeraVendo, states, "Our mission with LoanAce has always been to make the time-consuming process of loan origination flow more efficiently and expeditiously. The inclusion of AppraiserLoft's services to our software significantly increases that efficiency."

Because AppraiserLoft and LoanAce both operate via easy-to-use technology, their integration capabilities will attractively enhance the services they provide to mortgage brokers and loan originators. The joint venture is an opportunity for AppraiserLoft to experience even more growth and visibility as it strives to provide the highest level of customer service in the appraisal industry. The cooperative gateway between loan origination software and appraisal management is continued evidence of their organizations' dedication to streamlining the loan origination process from inception to completion. Both companies pledge to continue their efforts to expedite the process and provide the highest quality professional services available to the mortgage industry.

About AppraiserLoft:

The Company was founded in 2006 by Aman Makkar, an entrepreneur passionate about the real estate and mortgage finance industries. AppraiserLoft is a leading provider of comprehensive collateral valuation products targeted towards the mortgage lending, servicing, and insurance industries. With coast to coast coverage, AppraiserLoft appraisers bring intimate knowledge of local markets and trends to meet all their clients' needs.

For more information, please visit http://www.appraiserloft.com.

Contacts:

Appraiserloft

Harpreet Makkar

(858) 876-0505

harpreet @ appraiserloft.com

TeraVendo, Inc.

Ariel Fleming, Managing Director

(423) 462-6599

ariel @ loanace.com

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