Ibis Software Enhances Offering with Integration to Mortgage Cadence Finale™ for Reverse Document Packages
Seamless Integration Enables IBIS Customers to Dynamically Create Initial Disclosures and Closing Packages and Deliver Them Securely to their Borrowers or Settlement Agents
09.24.2008
Mortgage Cadence, Inc., a leading provider of Enterprise Lending Solutions (ELS) for the financial services industry, announces the seamless integration between Ibis Software's Reverse Mortgage Originator (RMO) product offering and Mortgage Cadence Finale, a premier document solution that supports multiple top 10 reverse lenders and lenders new to this market segment. The integration provides Ibis RMO customers with the opportunity to leverage superior document preparation and delivery through a comprehensive platform that accelerates the lending process and ultimately increases customer satisfaction.
"Ibis Software has been the standard of the reverse mortgage industry for years, and we are happy to partner and supply their customers with a document solution that speeds the lending process, allows for quick turnaround of custom documentation, and helps maintain compliance," stated Michael Detwiler, Chief Executive Officer of Mortgage Cadence. "Mortgage Cadence Finale will provide Ibis RMO customers with 100 percent data transfer into required documents while nearly eliminating the need to manually complete missing files. By reducing manual entry efforts RMO customers will gain enormous efficiencies while also decreasing costly data entry errors."
Mortgage Cadence Finale has native data links within RMO, enabling lenders to dynamically create and return initial disclosures & closing packages in under 10 seconds and deliver them securely to the borrower or settlement agent over the Web. In addition, all of the necessary calculations take place locally within Ibis RMO (the system of record) preventing disparate data on multiple platforms.
"Ibis Software is pleased to partner with a market leader like Mortgage Cadence to expand our Reverse Mortgage Originator and help our clients deliver world class customer service," added Jerry Wagner, President of Ibis Capital, LLC and NETirement.com, Inc. "I look forward to working with the Mortgage Cadence team for many years to come as we continually enhance our solutions to meet the needs of the market as it grows and changes."
About IBIS Capital, LLC
Ibis software has been the industry standard since 1995. Our sister company, NETirement.com, Inc., licenses online reverse mortgage software products that are second to none, including The Reverse Mortgage Analyst (RMA), The Reverse Mortgage Calculator (RMC) and The Reverse Mortgage Originator (RMO), the first non-HUD software to propose and disclose HECMs. To learn more, please visit us on the Web at www.ReverseMortgageHomePage.com.
About Mortgage Cadence
Mortgage Cadence, Inc. is the leading provider of Enterprise Lending Solutions (ELS). Mortgage Cadence Orchestrator™ provides data driven workflow automation and seamless integration across the enterprise to help lenders achieve harmonious operational rhythm from origination, processing, underwriting, and closing through secondary marketing. The solution provides both forward and reverse lending automation – as well as support for multiple lending channels. This superior technology features business rules management, product and pricing, electronic document management, and a suite of Web portal options within one comprehensive platform. To learn more, please visit us on the Web at http://www.mortgagecadence.com.