Inovatec Appoints Bob Metodiev Head of Business Development
Fintech Veteran Will Oversee Growth Strategies for Innovative
Cloud-based LOS and LMS Solutions
BURNABY, BC, (July 14, 2021) – Inovatec Systems Corp., a provider of industry-leading cloud-based loan origination and loan management solutions, has appointed Bob Metodiev as its new Head of Business Development. A former executive at financial services giant Equifax, Metodiev was selected to lead Inovatec’s business development initiatives and drive its growth strategy across North America. As part of his responsibilities, Metodiev will help build strategic partner alliances that will accelerate growth in the automotive and equipment lending spaces.
Metodiev brings a wealth of expertise to Inovatec. He spearheaded projects for Equifax’s Canadian automotive unit, doubling the size and scope of its team within three years, and then moved on to Equifax’s U.S. division to manage strategic automotive partnerships. During his more than 15 years in the automotive finance marketplace, he has worked closely with major partners such as Cox Automotive, RouteOne, Open Dealer Exchange, and CU Direct, as well as OEM manufacturers BMW, Yamaha, and Chrysler.
“We are delighted to welcome Bob Metodiev to Inovatec, and collaborate with him to build our profile and customer base throughout Canada and the United States,” said Vladimir Kovacevic, chief executive officer and founder of Inovatec. “His contacts and experiences will be a great asset to our organization as we continue to expand our reach and provide the efficient, secure, and reliable loan origination services that today’s financing providers expect.”
Inovatec System’s highly regarded loan origination software (LOS) and loan management solutions are designed to quickly and securely facilitate all aspects of online loan origination and loan management workflows. Inovatec’s portfolio is highly customizable, and offers a roster of added features such as electronic document management, leasing support, and third-party vendor management.
Inovatec prides itself on a first-to-market “success based” pricing structure, where lenders only pay for the transactions they book, compared to more costly per-application pricing methods favored by many other loan origination platforms. The combination of Inovatec’s best-in-class portal, flexible application architecture, powerful management services, and customer-centric pricing allows Inovatec to deliver an elevated digital experience that helps automotive and power equipment dealers provide friction-free online lending processes.
“In my previous dealings with Inovatec, I was always impressed with the company’s versatile solutions, as well as their eagerness to surpass customer expectations,” said Metodiev. “I look forward to accelerating Inovatec’s presence in its traditional automotive and power equipment markets, as well as expanding into new sectors that offer enormous growth potential.”
Inovatec Systems Corporation is committed to providing modern end-to-end solutions and improving outcomes for lenders in Canada and the USA. As an industry-leading provider of cloud-based lending solutions, Inovatec’s suite provides businesses with a flexible and intuitive platform. Inovatec’s success-based pricing disrupts standard practice by allowing lenders to only pay for the transactions they book—an industry first.
Parallel Communications Group, Inc.