MBA Premier Member Profile: Info-Pro Lender Services Inc.
(One in a continuing series of Premier Members of the Mortgage Bankers Association)
Company Overview
Info-Pro Lender Services Inc. is a leading provider of real estate tax monitoring and flood determination services. We provide financial institutions with tools to track delinquent taxes, set up escrow tax processing as well as flood determinations and homeowner insurance tracking.
Info-Pro Lender Services Inc. prides itself on having cutting-edge technology with our custom designed, interactive website that is extremely user-friendly. We currently service residential and commercial loans in all 50 states for lenders of all sizes.
Key Company Personnel
–Louis J. Andrew Jr.: Owner
–Chad Raube: President & CEO
–Wendy Lax: Chief Financial Officer
–Kris Pelot: Senior Vice President–Logistics & Operations
–Mark Daniels: Senior Vice President of Sales
MBA NEWSLINK: What trends might your company find compelling in the next few years?
LOUIS ANDREW JR.: We are a company that follows the origination rate quite closely, since it ties to our revenue very closely so trying to predict origination rates is key to future revenue projections being accurate. We also follow the delinquent rate and more specifically the real estate delinquent rate of our customers quite closely, but as of right now there are no publications tracking the real estate delinquent rates for the nation, state, county and town level as a whole so there are no national stats on this area. If anyone would ever start tracking that we would be very interested in that data.
NEWSLINK: What is the single most important issue facing your company right now?
ANDREW: The most important issue with us is what will the origination rate do as the interest rates increase, how will they decline as the interest rates increase.
NEWSLINK: Why did your company join the Mortgage Bankers Association?
ANDREW: We are a growing company and wanted to reach more people across the entire U.S. and we thought there would be no better way in doing this then joining the Mortgage Bankers Association. With all the exposure we get online from the ads we run on www.mba.org, to our company profile listing, to the discounts we receive for conferences, we see our MBA membership as an investment into further growing our business across the U.S.
Three members of our team recently came back from the MBA Servicing Conference and we were more than thrilled with the potential prospects we met there and some of the relationships we made with other vendors that we hope will turn into future business partnerships.
NEWSLINK: How has being a Premier level member benefited your company?
ANDREW: We are relatively new with being a Premier Level Member, but so far it has brought us to the MBA Servicing Conference, running an online ad on www.mba.org, helped us make some industry connections, and we hope soon will be providing some of our C-Level employees an opportunity to serve on some of the MBA’s great committees. We look at the MBA as a strategic partnership that we plan on continuing for years to come.
(MBA Premier Member Profiles are a service provided by the Mortgage Bankers Association and MBA NewsLink as a service to MBA Premier Members. Publication does not constitute an endorsement of a particular company, product or service. For more information about the MBA Premier Member program, contact Julie Dychkewich at jdychkewich@mortgagebankers.org or 202/557-2779.)
