Mike walker has found a new competitor for Calyx and Ellie Mae.  Its groovy that they are a 2.0 app, really.  It just so doesn't matter.  Just like it doesn't really matter that Encompass is on 2.0. or Byte. It doesn't even matter that Calyx has been using 3.0.

LoanAce is free at the moment so we"ll have to see what the pricing structure turns out to be.  I recall Encompass not charging when it fist arrived as well. 

Typically when the market gets tight companies look for technology to make them more efficient.  They tend to buy when its slow rather then when they are busy.  How much that translates into small broker shops addopting new technology we have yet to see.  They are going to have an interesting challenge with 4 solid LOS systems already on the market.