Business, Free News Articles, Software

Sales Boomerang and Mortgage Coach Merge, Appoint Richard Harris as CEO

OWINGS MILLS, Md. -- Sales Boomerang, the mortgage industry's top-rated automated borrower intelligence and retention system, and Mortgage Coach, a platform empowering mortgage lenders to educate borrowers with interactive home loan presentations, today announced their merger and the appointment of SaaS executive Richard Harris as CEO.

Sales Boomerang and Mortgage Coach have been working toward the merger since LLR Partners' investment in the firms, which was announced in January.

Founded in 2009, Mortgage Coach is an award-winning platform that gives borrowers the confidence to make a home loan decision by providing educational presentations that model loan performance over time. Established in 2017, Sales Boomerang launched the first automated borrower intelligence system for mortgage lenders. Together, Sales Boomerang and Mortgage Coach will position lenders to reach borrowers with the right information at the right time, empowering borrowers to build wealth through homeownership by helping them select the best mortgage strategy for their unique housing needs.

"Sales Boomerang and Mortgage Coach are both impressive, mission-driven organizations that have earned tremendous brand equity in the mortgage realm through their expert grasp of the industry and proven ability to deliver substantive value to mortgage lenders and borrowers," said Harris. "I look forward to bringing the organizations together and leveraging my background in data, analytics and insights to help mortgage lenders better understand their borrowers and provide personalized service that helps them attain their homeownership and financial goals."

Prior to taking the helm of Mortgage Coach and Sales Boomerang, Harris was CEO at SparkPost, an email sending and optimization platform delivering 40% of the world's commercial email. He led that company through tremendous growth and oversaw its $600 million acquisition by omnichannel communication platform MessageBird. Before his tenure at SparkPost, Harris was group vice president at cloud technology company Oracle (NYSE: ORCL), where he led international operations of its Data Cloud business unit. He was previously CEO at consumer insights and digital ad personalization company AddThis, where he rapidly scaled the company and facilitated its acquisition by Oracle. Harris holds J.D. and MBA degrees from the University of Maryland.

Alex Kutsishin and Dave Savage, founders of Sales Boomerang and Mortgage Coach, will continue to actively nurture the company and its relationships in leadership roles.

"By bringing together the very best in database monitoring, market intelligence, automation, personalization and education, Sales Boomerang and Mortgage Coach deliver the short- and long-term financial results lenders crave," said Kutsishin. "We are united in our mission to provide borrowers with the right loan at the right time, and I am confident we will reach new heights under Richard's leadership."

"Combining the advice-based digital presentations of Mortgage Coach with the big data borrower intelligence of Sales Boomerang enables us to create unprecedented opportunities for consumers to achieve financial freedom faster and to help lenders and loan officers to close more loans in this rising interest rate marketplace," said Savage. "Together we have the expertise, the synergy and the platform to put game-changing tools in the hands of our lenders and loan officers."

About Sales Boomerang and Mortgage Coach:

Sales Boomerang and Mortgage Coach are trusted by more than 300 lenders, including brokers, independent mortgage companies, credit unions and banks to connect borrowers with the right loan at the right time.

Sales Boomerang transformed the relationship between mortgage lenders and borrowers with the introduction of the first automated borrower intelligence system in 2017. The company's intelligent alerts notify lenders as soon as a past customer or prospect is ready and credit-qualified for a loan. As the mortgage industry's #1 borrower retention tool, Sales Boomerang helps lenders build lasting borrower relationships that maximize lifetime customer value. To learn more, visit https://www.salesboomerang.com.

Mortgage Coach is an award-winning platform that empowers mortgage lenders to educate borrowers with interactive presentations that model home loan performance over time. The company's side-by-side loan comparisons allow borrowers to make faster, more informed mortgage decisions while enabling lenders to consistently deliver an on-brand, consultative home financing experience that increases borrower pull-through, repeat business and referrals. To learn more, visit https://www.mortgagecoach.com.

Related link: https://www.salesboomerang.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Awards and Honors, Business, Free News Articles

Sales Boomerang named to Inc.’s 2021 Best in Business list in ‘On the Rise’ category

WASHINGTON, D.C. -- Sales Boomerang has been named to the Inc. 2021 Best in Business list in the On the Rise category for businesses 0-4 years old. Inc.'s Best in Business Awards honor companies that have gone above and beyond to make a positive impact.

The list, which can be found in the Winter issue of Inc. magazine (on newsstands December 14), recognizes small- and medium-size privately held American businesses that have had an outstanding influence on their communities, their industries, and the environment or society as a whole.

Scott Omelianuk, editor-in-chief of Inc., says, "What began for us during the pandemic as an effort to showcase companies that were helping the community has grown into a recognition of social, environmental and economic impact. The companies on this year's list are changemakers with heart - and they're pouring the best of their business into the people and communities around them."

"Sales Boomerang has earned its extraordinary success as the mortgage industry's first automated borrower intelligence and retention system by helping lenders find the value in their existing customer relationships, ensuring loan officers know exactly when anyone in their database is ready for a loan," said Sales Boomerang CEO Alex Kutsishin. "At less than five years old, it is an incredible honor for Sales Boomerang to be recognized by Inc. for setting a trend in the mortgage industry to see the value of every borrower, even after closing."

Rather than relying on quantitative criteria tied to sales or funding, Inc.'s editors reviewed the companies' achievements over the past year and noted how they made a positive difference in the world. They then selected honorees in more than 49 different industries - from finance to software to engineering to fashion and more - and in age-based and revenue-based categories. The applicant pool was extremely competitive, with around 2,700 entries and an acceptance rate in the low single digits - a huge success for these honors in the list's second year. Honorees for gold, silver, bronze and general excellence across industries and categories are featured online at https://www.inc.com/best-in-business.

About Sales Boomerang:

Sales Boomerang transformed the relationship between mortgage lenders and borrowers with the introduction of the first automated borrower intelligence system in 2017. The company's intelligent alerts notify lenders as soon as a past customer or prospect is ready and credit-qualified for a loan. As the mortgage industry's #1 borrower retention tool, Sales Boomerang is trusted by more than 150 lenders - including brokers, independent mortgage companies, credit unions and banks - to help build lasting borrower relationships that maximize lifetime customer value. To date, Sales Boomerang alerts have enabled lenders to close more than $150 billion in additional loan volume that would have otherwise been overlooked and achieve customer retention rates that outperform industry norms by an average of 3-5X. To learn more about Sales Boomerang and its No Borrower Left Behind(tm) ethos, visit https://www.salesboomerang.com.

About Inc. Media:

The world's most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across various channels, including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the Inc. 5000 allows these founders a chance to engage with their peers in an exclusive community with the credibility to help drive sales and recruit talent. The associated Inc. 5000 Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.

Related link: https://www.salesboomerang.com/

This news story was published by the Neotrope® News Network - all rights reserved.

Awards and Honors, Business, Free News Articles, Software

Sales Boomerang is 2021’s fastest-growing company in the residential mortgage industry

WASHINGTON, D.C. -- Sales Boomerang, the mortgage industry's top-rated automated borrower intelligence and retention system, debuted this week on Inc. magazine's Inc. 5000 list, an annual ranking of America's fastest-growing private companies. Sales Boomerang ranked #101 overall, placing the company among the top 3% of all private companies in America based on three-year revenue growth of 3,882% and outpacing every other company in the residential mortgage industry. Sales Boomerang was also recognized as the nation's No. 6 fastest-growing software company and as the No. 4 fastest-growing company based in Maryland.

Sales Boomerang revolutionized the relationship between mortgage lenders and borrowers with the 2017 introduction of the only automated borrower intelligence and retention system that tells lenders exactly when anyone in their database is ready for a loan. To date, Sales Boomerang has helped mortgage lenders discover more than $30B in overlooked loan opportunities and created financial opportunities for tens of thousands of homeowners while pursuing its No Borrower Left Behind(tm) mission.

"All of us at Sales Boomerang are extremely proud to join the Inc. 5000 and especially to make our entrance in the top 3% of private companies nationwide," said Sales Boomerang CEO Alex Kutsishin. "We dedicate this recognition to our amazing customers and team, who have made it possible for us to uplift an entire industry and begin changing the way it relates to - and earns the lifetime loyalty of - borrowers."

"The 2021 Inc. 5000 list feels like one of the most important rosters of companies ever compiled," said Scott Omelianuk, editor-in-chief of Inc. "Building one of the fastest-growing companies in America in any year is a remarkable achievement. Building one in the crisis we've lived through is just plain amazing. This kind of accomplishment comes with hard work, smart pivots, great leadership and the help of a whole lot of people."

Sales Boomerang significantly outperformed the 2021 Inc. 5000's average median three-year growth rate of 543% and joined a prestigious set of companies that together added more than 610,000 jobs to the U.S. economy over the past three years. The complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region and other criteria, can be found at: https://www.inc.com/inc5000. The top 500 companies, including Sales Boomerang, will be featured in the September issue of Inc. magazine, available on newsstands August 20.

About Sales Boomerang:

Sales Boomerang transformed the relationship between mortgage lenders and borrowers with the introduction of the first automated borrower intelligence system in 2017. The company's intelligent alerts notify lenders as soon as a past customer or prospect is ready and credit-qualified for a loan. As the mortgage industry's #1 borrower retention tool, Sales Boomerang is trusted by more than 125 lenders - including brokers, independent mortgage companies, credit unions and banks - to help build lasting borrower relationships that maximize lifetime customer value. To date, Sales Boomerang alerts have enabled lenders to close more than $30 billion in additional loan volume that would have otherwise been overlooked and achieve customer retention rates that outperform industry norms by an average of 3-5X. To learn more about Sales Boomerang and its No Borrower Left Behind(tm) ethos, visit https://www.salesboomerang.com.

About Inc. Media:

The world's most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including web sites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Vision Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit https://www.inc.com/.

@SalesBoomerang @Inc #Inc5000

Related link: https://www.salesboomerang.com/

This news story was published by the Neotrope® News Network - all rights reserved.