|The developer of a loan origination system predicts the iPad will change the mortgage industry, and the firm has designed an iPad application for its offering.
Apple Inc. released its much anticipated iPad on April 3.
By the end of the first day, more than 300,000 of the tablets had been sold, according to the Cupertino, Calif.-based computer company.
“It’s going to be a game changer,” Apple Co-Founder and Chief Executive Officer Steve Jobs said in a statement.
Another executive who sees the new device as revolutionary is OpenClose Mortgage Software President Jason Regalbuto.
“We think the iPad is a game changer for the mortgage industry,” Regalbuto said in a statement today.
The West Palm Beach, Fla.-based developer of LenderAssist claims its LOS “is the first to enable its Web-based software to originate and price loans on the new Apple iPad.”
Apple photo of iPad
Zach von Gonten, an originator with Florida-based K&B Equity who was the first to price and originate a loan using the iPad, was quoted in OpenClose’s statement as saying that the technology is “amazingly cool.”