BURNABY, British Columbia -

This week, Inovatec Systems Corp. rebranded one of the key segments of its cloud-based software solutions for financial institutions.

Inovatec announced its Compass Lending Platform has been rebranded under the JAVELIN name. Under the JAVELIN moniker, the products now include:

— Compass Direct Portal is now JAVELIN Direct

— Compass Asset Finance is now JAVELIN LOS

— Compass Loan Management is now JAVELIN LMS

The company explained in a news release that the rebranded name, JAVELIN, was selected to help simplify and streamline the Inovatec brand. The firm pointed out the word “javelin” is synonymous with speed, streamlined precision and targeted accuracy.

These qualities make “Javelin” an ideal brand name for Inovatec’s proprietary technology, according to the company.

“The rebranding of our direct, LOS and LMS system was a pivotal decision for Inovatec, highlighting our strengths as a company,” Inovatec U.S. director of sales Brendon Aleski said in a news release. “The COVID-19 pandemic has drastically disrupted the way that lenders operate, exposing a need for more effective technology processes that enable quick decisions and reactions to the changing market.

“Lenders who partner with organizations like Inovatec can pivot their strategies almost immediately, ensuring stability, consistency and accuracy throughout their business operations,” Aleski went on to say.

JAVELIN by Inovatec is a state-of-the-art lending platform that can helps lender select the right deals while only paying for deals that are booked. The JAVELIN platform encompasses three different aspects of technology:

• JAVELIN Direct can streamline loan applications to lenders, making the job of completing and submitting credit applications fast and easy. With JAVELIN Direct, vendors and lenders can communicate in real time from the point of an application’s submission, all the way to booking the transaction. Real-time application updates and open communication across multiple channels is designed to ensure lenders always have the information they need to book the right deal. JAVELIN Direct Portal works both as a stand-alone module and as part of Inovatec’s complete lending platform.

• JAVELIN LOS is a loan origination system designed from the ground up to target the right deals. With Javelin Success Pricing, clients pay only for booked transactions. In addition to crediting, auditing and income verification for financing applications, JAVELIN LOS can support self-configurable credit decisioning, tolerance limits and risk parameters with full auto decisioning and scorecard capabilities. JAVELIN’s open API infrastructure is geared to eliminate barriers and expedite connectivity with internal and external data and service providers to drive efficiencies and optimize lender partnerships.

• JAVELIN LMS features electronic document management with robust loan servicing and after-care for loans, leasing, consumer/commercial customer service and collections and third-party vendor management. JAVELIN Loan Servicing is a fully secure loan and lease servicing system. Lenders can manage customer loans leases, repayments and collections all in one. Lenders also can manage loan fees, grace periods and penalties while maximizing flexibility with restructuring and refinancing options.

To learn more about Inovatec and its complete suite of lender-centric technologies, visit www.inovatec.com.