Joseph A. Bowerbank

Portellus, Inc. provides software based business management solutions. It provides configurable SOA-based BRMS that streamlines complex decision management processes across multiple departments and business units. It also provides technology solutions and services for the mortgage banking, aerospace & defense, manufacturing, retail, and insurance industries. The company was founded in 2001 and is headquartered in Irvine, CA.

Commerce Velocity provides technology solutions that focus on mitigating risk for mortgage lenders, loan servicing organizations, and investment banks. Their technology helps mortgage lenders mitigate risk by enforcing intelligent lending decisions. They provide the tools to produce higher loan quality, while maintaining the highest business process efficiencies. Spectrum is a versatile end-to-end loan origination platform, which can provide a true commitment-to-lend at the point of sale, apply risk models and workflow rules to repair problem loan files, and verify that each loan complies with investor guidelines and best practices throughout the entire loan lifecycle. Commerce Velocity's Optimizer helps Servicing organizations maximize cash flows from delinquencies, and enforces workout consistency throughout the default management process. By applying NPV calculations, Cash Flow projections, Valuation Models, and comprehensive Workout guidelines, their technology provides the most intelligent outcomes possible. The ability to carefully monitor ongoing loan performance is complimented by a simple business logic modification tool designed for business users. Commerce Velocity, LLC, based in Irvine, California, provides both Enterprise and ASP technology solutions to the Mortgage Banking Industry. Founded in 1999, Commerce Velocity, LLC has since built an extensive client base of Wholesale and Retail Mortgage Lenders, Investment Banks and Wall Street Investors who are interested in streamlining their origination operations, applying more intelligence to their business decisions, increasing loan quality and reducing technology overhead while maintaining or increasing loan production levels. Commerce Velocity delivers technology solutions for acquiring pools of assets, converting defaulting loans to performing, and originating residential mortgage loans.