One eureka second for IvyTek got here a decade-plus in the past when Mike Griggs was trying to find a approach round having to re-write code for his mortgage administration software program firm to suit the then-new .NET Framework 3.5.
Griggs and his workforce had lately constructed a client-server infrastructure — putting in servers and constructing wide-area networks, amongst different issues — utilizing the earlier framework model when Microsoft launched the up to date one.
“It (.NET 3.5) was not backward suitable, and we needed to rewrite once more,” Griggs, the chief government officer of IvyTek, of a time when present-day options provided by Azure and AWS had been of their infancy. ” And at the moment, I mentioned, ‘I can’t imagine I’m going to have to do that once more.’ It had taken me a yr and a half to get up to now. There’s obtained to be a greater approach.”
There was. The Salesforce CRM was the answer for IvyTek, based by Griggs’s father, Dan, in 1996 on a DOS-based platform. Griggs and his workforce absolutely leveraged CRM’s IaaS and PaaS options, decreasing IT staffing for {hardware} and community infrastructure. It’s been “development after development” for IvyTek ever since Griggs mentioned.
That eureka second involving the Salesforce CRM platform has led to IvyTek molding its product — the IvyTek Finance mortgage administration software program — into an answer group that corporations can use to streamline their mortgage administration course of and possibly even cry ‘Eureka!’ themselves after they uncover it.
All-in-one LMS resolution
“Our system is one hundred pc configurable,” mentioned Griggs. “Our shoppers can use us as their expertise supplier and configure the system even after it’s been put in. A few of our enterprise shoppers with IT departments aware of Salesforce can prolong our package deal with their groups. I’m unaware of rivals enabling their clients to increase their merchandise this fashion.”
The LMS from IvyTek affords an all-in-one resolution for shoppers trying to simplify their processes when originating loans and taking funds.
A lot of the programs Griggs says IvyTek is changing use a number of distributors for the assorted mortgage processes, together with mortgage origination, mortgage servicing, underwriting, and documentation.
“As a result of we will leverage the Salesforce platform, it’s very straightforward for us to configure for every particular person firm,” Griggs mentioned. “We baked in flexibility to tailor IvyTek finance for any consumer. That was one in all our authentic targets.”
Three generations of premium finance program experience
The roots of IvyTek go throughout three generations of Griggs, beginning with Mike’s grandfather Fred, who realized find out how to code whereas working for the State of Louisiana and wrote one of many state’s first packages for insurance coverage.
Ultimately, he established his personal improvement firm, writing packages for premium finance and different enterprise administration packages. Utilizing his coding expertise, Fred — who as soon as labored with a cousin who owned an insurance coverage firm — wrote a premium finance software program resolution that financed automotive premiums within the days when vehicle house owners couldn’t make month-to-month funds for automotive insurance coverage.
That led to Fred’s son Dan, Mike’s father, rewriting this system and establishing IvyTek. Mike joined the corporate in 2002 and, alongside together with his spouse Sandy, purchased the enterprise from Dan in 2014.
We create alternatives for individuals to leverage monetary instruments for the betterment of their lives and communities
Mike Griggs, IvyTek CEO
Mike and Sandy, who met and married within the Nineteen Nineties whereas each served within the US Navy, lead IvyTek as CEO and director of consumer companies, respectively, and are primarily based in Florida after stops in California and Louisiana. Dan, now having fun with retirement together with his spouse (and Mike’s mom) Vickie, nonetheless affords recommendation in enterprise and on code every so often, “particularly on the monetary aspect, engaged on monetary calculations or some kind of new requirement, particularly wrapped round insurance coverage.”
“He’s the man that we go to to ask, ‘How would you deal with this calculus?’” mentioned Mike Griggs, who additionally has Native American roots.
In the present day, IvyTek continues to department out and search extra shoppers from numerous industries, together with industrial lending, public sector finance authorities, and the coed lending market.
“We create alternatives for individuals to leverage monetary instruments for bettering their lives and communities,” Griggs says. “We delight ourselves on being greater than your most well-liked software program supplier. We’re your customized developer and enterprise companion.”
7 distinctive views, 7 distinctive views at present
-
Craig is a contract author and editor. He has toiled in numerous positions for numerous newspapers in Western Canada, together with the Edmonton Journal and the Calgary Herald.
When he’s not busy fixing his house, you will discover him experimenting together with his gradual cooker, discovering the best grind (and low bean) for his AeroPress, studying fiction and non-fiction, mulling over director Ingmar Bergman’s works, and working towards his backward crossovers (each side!) whereas ice skating.