LoanAce Boasts 1K Companies in First 90 Days

TeraVendo, Bellevue, Wash., has announced that its LoanAce LOS software has reached the 1,000-user mark among mortgage originators, less than three months after LoanAce debuted Aug. 1.LoanAce, which leverages the Microsoft .NET development environment, is offered free to users. The revenue model is based on transactions with its loan fulfillment partners. TeraVendo said it has revamped its LoanAce support division by increasing information technology and customer-support staff. The system currently features one-click title ordering and integrated leads. The company can be found on the Web at http://www.teravendo.com.