Mortgage Cadence, a leading provider of enterprise lending solutions (ELS), announces that it now provides its Best Practices model as a standard offering to financial institutions looking for a short implementation period of its full-featured loan origination system. With implementation timeframes of three weeks for ASP clients and 100 days for large, enterprise clients, the Best Practices model is Mortgage Cadence's "springboard" to a more custom implementation process.

Very long and arduous implementation cycles have constantly plagued the banking and mortgage industry. Stories of 12 to 24 month "go-lives" have become the rule rather than the exception, and have desensitized bankers to the notion of quick ROI. To counter these notions, Mortgage Cadence utilized its experience from existing clients and years of consulting knowledge across multiple business disciplines to develop Best Practices.

Best Practices is an out of the box, base-configuration of the Mortgage Cadence lending platform. This configuration allows Lenders to rapidly implement a total technology solution including "out of the box" lending functionality, as well as a scalable infrastructure foundation. Encompassing the entire lending lifecycle -- from lead management through funding and post-closing -- components of Best Practices include: product definition and guidelines; generic workflow set-up for departments, groups, security settings, statuses/tasks, validations, and screen flow; and document mappings. Lenders are also afforded automated decisioning configuration, product and pricing functionality (including "best fit" tools), third-party services and compliance solutions integration, automated underwriting, document prep / delivery, auto-distribution capabilities, imaging and standard reporting.

Best Practices is ideal for Enterprise-level or large mortgage institutions that are looking for a quick or aggressive implementation timeframe. With the average implementation of Best Practices being 60 to 90 days, Lenders begin realizing the benefits of Mortgage Cadence almost immediately. They can then augment and extend the core system capabilities with additional processes, business rules, configurations, and more, while in production. This concept is almost unheard of within the mortgage industry.

"What good is a new system if you have to wait a year or more in order to start using it, and then another year in order to see tangible benefits, if any at all? With our Best Practices model, Lenders can start realizing ROI quicker than ever before," explained Jerry Heinz, COO of Mortgage Cadence. "Most of today's mortgage solutions do not offer the breadth of out of the box functionality we provide, let alone the ability to have it up and running in 90 days. We are happy to provide the mortgage industry this service and challenge the rest of the industry to follow."


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.