Inovatec systems, a provider of cloud origination and loan management solutions, has appointed Bob Metodiev as Business Development Manager.
A former Equifax executive, Metodiev will lead Inovatec’s business development initiatives and drive its growth strategy across North America. As part of his responsibilities, Metodiev will help forge strategic alliances with partners to accelerate growth in the automotive and equipment lending fields.
Prior to joining Inovatec, Metodiev led projects for Equifax’s Canadian automotive unit, doubling the size and reach of his team in three years, then moved to the U.S. division of Equifax to manage strategic automotive partnerships. During his more than 15 years in the auto finance market, he has worked with partners such as Cox Automotive, RouteOne, Open Dealer Exchange and CU Direct, as well as with OEMs BMW, Yamaha and Chrysler.
“We are delighted to welcome Bob Metodiev to Inovatec and work with him to develop our profile and our customer base across Canada and the United States,” said Vladimir Kovacevic, CEO and Founder of Inovatec. “His contacts and experience will be a valuable asset to our organization as we continue to expand our reach and provide the efficient, secure and reliable loan origination services that today’s finance providers have come to expect.
Inovatec’s loan origination software (LOS) and loan management solutions are designed to facilitate all aspects of online loan origination and management. Inovatec’s portfolio is customizable and offers a list of additional features, including electronic document management, leasing support, and third-party vendor management.
Inovatec offers a unique, “success-based” pricing structure in the market, with lenders only paying for transactions they book versus per-app pricing methods. The combination of Inovatec’s portal, application architecture, management services and pricing enables Inovatec to deliver a digital experience to automotive and electrical equipment dealers during online lending processes.
“In my previous dealings with Inovatec, I have always been impressed with the company’s versatile solutions as well as their eagerness to exceed customer expectations,” said Metodiev. “I look forward to accelerating Inovatec’s presence in its traditional automotive and electrical equipment markets, as well as expanding into new sectors that offer enormous growth potential.