Mortgage Cadence, Inc., a leading provider of enterprise lending solutions (ELS) for the mortgage industry, has been selected by Irvine, Calif.-based Family Lending Services, a wholly-owned subsidiary of Standard Pacific Corp., the eleventh largest publicly traded homebuilder. Family Lending Services averages 5,000 loans per year and offers a myriad of products for homebuyers – jumbo, conventional, government and piggyback second loans, to name a few. As a retail mortgage banking operation in multiple states, Family Lending Services selected the Mortgage Cadence ELS to support its e-Mortgage transition. In 2005, Family Lending Services processed $1.3 billion in retail mortgage loans and projects a closing of $1.5 billion in loans for 2006.

Family Lending Services needed an ELS that offered workflow, rules-based product and pricing, and a relational database providing the one time entry of data to meet the needs for their growing operations. Mortgage Cadence is able to offer Family Lending Services these essential components for their business. Family Lending Services needed a system that would support the corporation's initiative of processing purely electronic mortgages. In addition to meeting their overall system requirements, Mortgage Cadence will provide a Web-based platform written in .Net and enhanced security of customer information. Furthermore, Mortgage Cadence's quick response to technological enhancements and their support of the rapidly changing lending environment fulfilled Family Lending Services requirements.

Mortgage Cadence's client development center, utilized for solutions training and demonstrations, helped to solidify Family Lending Services selection of Mortgage Cadence as their ELS vendor. During their due diligence process, Family Lending Services was given the opportunity to visit the Mortgage Cadence client development center for a unique hands-on tutorial of the system as the atmosphere and configuration of the client development center is similar to the training environment. Visiting the Mortgage Cadence facility and interacting with the staff made Family Lending Services more comfortable with the company and solution they would potentially use.

Additionally, Family Lending Services was looking for a vendor that they could identify with, not only in their current technological strategies but with their future vision as well. "The functionality of the product was very important, but the deciding factor is that I feel Mortgage Cadence and Family Lending would make a superior partnership," stated Richard Ambrose, president of Family Lending Services. "I believe in Mortgage Cadence's vision for the future of this industry and their plans to fulfill that vision."

"Mortgage Cadence is dedicated to assisting its customers with moving away from the past and looking forward to the evolution of their business and the benefits they can reap from newer technologies," said Michael Detwiler, CEO of Mortgage Cadence. "Upon our first discussions earlier this year, I knew that Mortgage Cadence would fulfill Family Lending Services business and technology expectations…and then some. We develop our product to be the last lending platform our customers will need, and that's what we will provide Family Lending Services."


About Mortgage Cadence
Mortgage Cadence supplies mortgage lending platforms that enable companies to focus on profitability and superior service. Comprised of comprehensive end-to-end loan origination software at its core, a business rule management system (BRMS), workflow engine, product and pricing functionality, automated underwriting, imaging/electronic document management and document preparation services, the system gives companies the flexibility to readily adapt to industry changes and easily capitalize on new business opportunities. Built on an ever-evolving, SOA-based architecture, consisting of functionality to innovate the mortgage process, and an eye toward the eventual realization of e-Mortgages, Mortgage Cadence provides the last lending platform a company will ever need. To learn more, please visit us on the Web at http://www.mortgagecadence.com.