Mortgage Automator, a BVP Forge company and the leading SaaS platform for private real estate lenders, has announced record growth and global expansion in 2024. This milestone year was defined by cutting-edge AI integration, innovative product releases, leadership advancements, and a strengthened strategic partnership with BVP Forge.
“2024 was a transformative year for Mortgage Automator. By leveraging AI across our business operations, we have not only increased efficiency but also improved the overall client experience,” said Pavel Tchourliaev, CEO. “Our collaboration with BVP Forge has allowed us to scale rapidly while continuing to innovate and enhance our solutions for private lenders worldwide.”
Highlights of 2024
Unparalleled Market Momentum
Mortgage Automator experienced record-breaking growth in 2024, with a 30% increase in customer count, driven by strong adoption in the United States. This surge in demand reflects the growing need for Mortgage Automator and its ability to deliver industry-leading solutions. Driven by rapid customer growth and a commitment to continuous innovation, Mortgage Automator expanded its team by 37% in 2024.
AI-Driven Innovation & Business Transformation
Mortgage Automator introduced AI-powered initiatives across the entire organization, driving substantial efficiency gains and streamlining processes:
- AI-Powered Client Solutions: AI-enhanced tools boosted efficiency by 27%, reducing response times and improving client satisfaction.
- AI-Integrated Onboarding & Customer Success: allowed for a 17% faster system implementation for new clients.
- AI-Driven Compliance & Risk Management: AI-powered compliance automation strengthened regulatory adherence and security, reducing manual work by over 72%.
- AI-Supported Data Science equips lenders to gain a deeper understanding of borrower trends, risk factors, and portfolio performance, enabling smarter, data-backed decisions that drive profitability and growth.
Product Innovation & Enhancements
Mortgage Automator continued to push the boundaries of automation, compliance, and operational efficiency with several new product innovations, highlights of which are:
- New Servicing Module – A next-generation loan management system with improved payment tracking, bulk file management, and lender-specific reporting.
- Enhanced Accounting Reports – New reporting tools, including Loans ReceivableBalance and Fee Revenue Recognition, provide deeper financial insights for lenders.
- HMDA Compliance Report – An automated tool designed to help U.S. lenderscomply with the Home Mortgage Disclosure Act (HMDA) seamlessly.
- Zapier Integration – Enables lenders to automate workflows by connecting Mortgage Automator to thousands of cloud-based applications.
- AML Toolkit – A Canadian-focused compliance suite addressing FINTRAC’s anti-money laundering regulations, including identity verification and background screening.
Industry Recognition
Mortgage Automator’s achievements were recognized across multiple industry platforms:
- G2 Awards – “Easiest to Do Business With” and “Highest User Adoption”
- Capterra & Software Advice – “Best Value” and “Most Recommended”
- Recognized for excellence in AI-powered automation and customer success
“Our investment in AI has not only transformed our internal operations but has also empowered our clients to be more efficient, compliant, and profitable,” said Joseph Fooks, CSO. “As we continue to scale, our focus remains on delivering cutting-edge technology that simplifies lending and drives growth for our clients.”
Leadership Team Expansion
To support its rapid growth, Mortgage Automator expanded its leadership team:
- Jeffrey Furtado was promoted to Chief Operating Officer (COO)
- Karan Vaish was promoted to Chief Product Officer (CPO)
- Imran Khan joined as Vice President of Sales
About Mortgage Automator
Mortgage Automator is the leading software platform for private and asset-based lenders. Offering a comprehensive suite of tools for CRM, loan origination, servicing, and reporting, the company supports over 400 lenders worldwide and has facilitated more than $66 billion in funded loans.
Disclosure: None. This article is originally published at https://www.businesswire.com/
