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25. March 2011 (Source: Cadence Mortgage, LLC) - Mortgage Cadence, LLC, a leading provider of Enterprise Solutions Loans (ELS), standard maintenance techniques and document services for the financial industry, today announced its cloud-based, Symphony Loan Origination System ( LOS), an affordable, on-demand solution for lenders emergence of any size. The product fills a gap in the market by providing enterprise-level power in a pre-configured solution that can deal with the locked down and all processes conforming lenders and in production within weeks. "All but the country's largest lenders have had for substandard loan processing automation too far from satisfied," said Chuck Kimball, executive vice president of product experience for Mortgage Cadence. "Lenders of all sizes deserve a LOS, it offers all compliance support, time-saving features and reliability that have the nation's top 100 lenders expect. With this offer we give it to them.
Traditionally LOS technology for mid-tier lenders more similar to 1003-form filling software for mortgage brokers. Manage has accompanied the rush of the new states and state regulations more stringent guidelines and investors reduced margins enormous pressure on mid-tier lender to a more complex process mortgage placed. Prior to Symphony has small and mid-tier lenders not the software to do the job.
The new application offers Symphony collaborative process capabilities, data access in real time, a branded website and a redundant infrastructure 24 / 7 provides availability, security and disaster recovery. In addition, all system updates and upgrades are automatically provided free of charge. The new LOS allows lenders of all sizes:
100% web-based and respond to any regulatory changes within 24 hours to reduce pricing variances with a product, pricing and eligibility engine
Compliance with an on board doc prep service
Leverage 100% compatible documents from the industry leading E & O insurance backed
Route work efficiently and effectively to the right people with dynamic tasking
Ensure data integrity by working just with third-party pre-built integrations
Drive efficient workflow automatically
Image of each document used in the system
build and implement customized underwriting conditions
Get the highest level of efficiency by simultaneously processing the loan file
receive the highest level of Web-based security with SAS70 Type II compliance
"In over 20 years in this industry, as an originator, a branch manager, a technology executive within the mortgage company and a technology supplier-I've never been a robust system of this include not to see the price," said Keith Kemph, Mortgage Cadence Executive Vice President for Symphony. "Symphony will change is the technology that mid-tier lenders of today into the leaders of tomorrow."
About Mortgage Cadence, LLC
Mortgage Cadence is the leading provider of Enterprise Solutions Loans ("ELS"), a comprehensive financial services to provide data model with a native rules engine to based data workflow automation tools to mortgage bankers, lenders, service providers and suppliers deal wrapped. Mortgage Cadence has an enterprise solution that develops all the functions and data elements required to optimize integrated, managed and guests lending performance. With Mortgage Cadence Orchestrator ™ and its complementary suite of solutions that lenders have access to full end-to-end functionality loan processing, automated underwriting, business rule management, product design and pricing, workflow automation, document and compliance tools within a single integrated platform. To learn more, visit http://www.mortgagecadence.com/.
Source: Cadence Mortgage, LLC
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