Member Monday: Lacoda

Posted by | June 29, 2015 | Uncategorized | No Comments

This post is part of a new series called “Member Monday” which will allow you to get to know the amazing people who work out of Venturef0rth a little better!

1. Tell us a little about your company.

Lacoda offers flexible web-based loan servicing solutions. Our innovative software provides lenders and servicers with real-time access to the most critical data used to run an efficient lending operation. Our complete loan servicing package goes beyond just software. Our experienced loan servicing team will handle all of your day to day operations including borrower communications, bookkeeping and payments, so that you can focus on originating high quality loans.

2. Describe your company culture in 3 words.

Friendly, Respectful, Dedicated

3. What’s the biggest challenge your company faces?

The technical challenge of doing bookkeeping for a large number of users at the same time which requires some complicated database solutions.

4. What’s next for your company?

We just launched our complete servicing package that includes more than what the software has to offer, which is a great option for lenders who want to spend more time originating loans and less time with the administrative work.

5. What makes Philadelphia the right home for your company?

For one thing we’ve found potential clients in all directions, Philadelphia is centrally located in the Mid Atlantic states and that alone has made it easy for us to meet with clients in person. Philadelphia, also, has a large market for the type of lenders Lacoda is designed for. There are many rehab construction loans in this region, which is very different from the West Coast, where you rarely see this type of rehab construction.

Philadelphia also has an incredible Tech community. I’ve learned a lot from many of the programmers and engineers that are based here in Philly. The community of entrepreneurs also makes Philadelphia a great place to start a business. It is a very supportive community, that is approachable and eager to provide advice.

Thank you, Lacoda!

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