Mortgage Cadence, Inc., a leading provider of Enterprise Lending Solutions (ELS) for the financial services industry, announced today significant enhancements to its compliance support services, specifically adding one-of-a-kind "Compliance Modeling" to the Mortgage Cadence Orchestrator platform. This compliance approach provides lenders with the expertise and compliance automation tools needed to address constantly changing state and federal rules and regulations.

"The past year has seen significant changes within the Mortgage Industry. The majority of these changes have pushed to the forefront the need for lenders to meet essential compliance requirements. The burden on lenders is dramatic as they seek to meet the demands of regulatory agencies, both federal and state," stated Michael Detwiler, Chief Executive Officer of Mortgage Cadence. "We have invested significant amounts of time and resources in our compliance support services which includes Compliance Modeling. Our Compliance Modeling is a paradigm shift that delivers compliance and process within the lending workflow instead of using compliance tools to address issues/errors after the fact. These enhancements are yet another way we proactively assist our clients in meeting these extraordinary regulatory demands."

Mortgage Cadence clients, whether forward or reverse lenders, benefit from this shift in compliance automation by significantly mitigating risks from buybacks, fines and the potential loss of licenses. It is the difference between the cost and expense of identifying errors after the fact vs. preventing compliance errors before they take place through automation within Mortgage Cadence Orchestrator. This enables lenders to dynamically enforce business policies within new regulatory mandates.

Lenders must reassess their operational workflow and identify areas that expose to the greatest risk, such as the new RESPA requirements including the revised GFE and HUD-1. Compliance Modeling within Mortgage Cadence Orchestrator allows lenders to effectively remove the risk associated with the content of the GFE (i.e. fee category changes), the timing of the re-disclosures (if necessary) and the property authority for re-disclosure. Additionally, through automation, initial disclosure timing requirements are met and transferred to the documents at the closing table.

"The Mortgage Cadence compliance team is extremely knowledgeable and proactive in providing us compliance support services including dynamic compliance modeling," concluded Bob Phelps, Business Systems Manager of Standard Pacific Mortgage. "Mortgage Cadence provides us with leading edge automation tools to address these new rules and regulations so that we can ensure compliance and mitigate risk within our organization."

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.