WHO:
  • Castle Point Mortgage Inc., Elkridge, Md.
  • Mortgage Cadence Inc., Denver, a provider of enterprise lending services for the mortgage industry.

CHALLENGE:
Castle Point is a retail lender, operating in multiple states and handling a variety of product types. It has seen substantial growth over the past three years. Castle Point has increased its loan origination by more than 300 percent compared to its 2003 year-end loan volume. Because of this substantial growth, Castle Point executives began a search for a new software system in early 2006.

The Castle Point team was looking for an application that would handle all of the company's product lines, increase process times and efficiency, as well as a lending platform that would be scalable to meet their future needs. Their decision on the application also needed to be supported by the software company's staying power in the market.

SOLUTION:
Following an extensive due diligence process, Castle Point chose the Mortgage Cadence Orchestrator application from Mortgage Cadence as its lending platform.