Liquid Logics [1], the developer of the industry’s first cloud-based loan origination system (LOS), announced Monday the company has promoted Peter Kallodaychsak, a 15-year veteran of the mortgage technology industry, to VP of Business Development.
Kallodaychsak previously served sister company bFocused as a contractor.
"What we're offering the industry is very special and it takes a special person to share our story with the lenders who can benefit from it," said Sam Kaddah, President and CEO of Liquid Logics, LLC. "Peter is the right man to help people understand our story."
Liquid Logics began as a custom software development shop for First Horizon's subprime division in 2004 and later provided custom software development for other lenders, primarily as a provider of gap technologies for users of Ellie Mae's Encompass LOS.
The Liquid Logics LOS was rolled out as an standalone offering in 2008.