The MortgageCadence comprehensive, end-to-end loan origination system is comprehensive because everything a lender needs, from a modern and intuitive borrower portal through post-closing and delivery, including documents, services and imaging, exists natively in the platform.
The Mortgage Cadence Platform also boasts a robust API surface. Lenders that choose to augment our capabilities with other technologies can do so, all within the system. The system is complete yet extensible.
Complete loan origination system (LOS). Mortgage and home equity product origination.
integrated consumer-direct point of sale (POS) system.
integrated compliance and document management.
Proprietary business rules engine, ACE (Adaptive Configuration Efficiency). This engine gives lenders the ability to close more loans by providing configurable workflow options, including the presentation, business and database layers.
Integrated Solution for Document Preparation and Loan Delivery
Collaboration Center is a secure private cloud built for the home finance industry that enables mortgage lenders, real estate agents and settlement services firms to work together seamlessly to create digital mortgages in the loan closing process. the Center puts all parties into a single virtual room and connect it directly to the lender's LOS.
The Mortgage Cadence Platform benefits lenders in many ways…
A single system of record approach to streamlining loan data. While that term may be stodgy, and a bit old-fashioned, the relevancy of a single system of record has never been more important to lenders today for three reasons: data integrity, data transparency and data security.
Lending teams do not have time to ponder over which system holds the most recent loan data. Pondering and going off-platform to search kills productivity.
Having to worry about data integrity introduces significant risk… compliance being the most obvious. As lenders and borrowers get closer to the closing table, confidence in data quality becomes increasingly important. That importance continues after loan closing. Investors are counting on you, just as your borrowers are. If that’s not enough, regulators are grading you on data quality.
Borrowers today are demanding a clear view of their mortgage transaction and its progress though the origination cycle. Real-time data transparency, only possible with a single system of record, is what helps to manage the borrower expectations that everything is on track to close on time.
It also helps your team lend far more efficiently as everything they need to move the loan down the line is right where it should be.
Rounding out the three is data security. Cybercrime is present and growing in the mortgage industry. Spreading data over multiple systems exponentially increases risk as every system has the potential for harboring multiple vulnerabilities. A single system of record delivered through the industry-leading public cloud greatly increases data security… very important point of distinction that every lender needs to understand.