As CIO of LoanLogics, Terrell Cassada oversees software development for LoanLogics’ IDEA platform and document processing solutions, as well as the company’s technology infrastructure, cloud delivery and information security.
From its early development, Cassada has served as the primary lead on LoanLogics’ innovative IDEA (Intelligent Data Extraction and Automation) platform, which has processed more than 236 million unique documents and extracted over 2 billion data elements. Documents are processed through the IDEA platform using both automation and human-based exception workflows, resulting in 99% data extraction accuracy.
Prior to joining LoanLogics, Cassada provided management consulting services to the GSEs on FHFA mandated technology, as well as on operational and budgeting initiatives. He also provided consulting services to regional and community banks on technology, operations and information security best practices.
Cassada’s mantra regarding leadership is: “We can do anything, but we can’t do everything.”
“My team knows I’m going to be focused on the things we can actually achieve that will bring value to our clients,” Cassada said. “At LoanLogics, we have created a suite of powerful products that have many applications in the mortgage industry, but they are all designed to fulfill one purpose — manufacturing quality loans. As wonderful as some of our ideas may be, if our solutions do not fulfill that purpose, we are not going to move forward with those ideas.”
What has been your secret to success?
“That’s a very easy answer – trusted relationships. Trust is very important to me.”
