A Brighter Future for Lenders Using MCP

Some jobs are difficult. Technology development for mortgage lending is definitely not one of the easy jobs. It can be made much more difficult by a changing lending environment, new compliance requirements, and the challenge of finding and retaining great software engineers.

Having spent years on the lender side, I have a great deal of respect for any firm that can remain in the mortgage technology game for any length of time. It can feel like a constant struggle.

Now that I work on the technology side of the business, I’m seeing that first hand. Nothing is easy here, and yet, for some reason, that serves to make the successes so much sweeter.

The new Mortgage Cadence Platform (MCP) loan origination system is a case in point. It was a long road that the company had to travel to get here. There were plenty of potholes along the way. But looking at the next generation of technology our technologists have created lets me know that it was so worth it.

For much of the past year or two, Mortgage Cadence has been in refresh mode. Our tools had matured to the point that you could hear the joints creaking. They served our lender partners well during the historic run up in volumes that came with COVID, but we were all glad to see the new tools starting to take shape.

Today, our team is strong and focused, our new tools are performing as expected, and we are proud to be the only Top 6 LOS provider to be bringing a completely new and updated tech stack deployed from the public cloud to the industry in our MCP. That means anyone interested in exploring the power in one of the top three loan origination tools on the market will be talking to Mortgage Cadence.

When When they do, I’m sure they’ll be telling us about how they have solved the workflow puzzle and just need an LOS that can enable them to deploy it. Lenders get AI now, and they want to know how the LOS employs it. They know it can deliver efficiencies, but they’re not sure how. We can show them.

There is not a more configurable LOS on the market than the new MCP. While our business rules engine is very mature, the way it has been built into MCP is brand new and cutting edge. It makes configuring the lender’s required workflow simple.

Lenders who embrace MCP are far more likely to have a great 2022. To find out why I’m so convinced this is true, reach out today for a conversation.

By Joe Camerieri, EVP, Client Account Management at Mortgage Cadence

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Media Contacts

Mortgage Cadence:
Megan Martin
EVP, Marketing
(516) 480-6765
megan.c.martin@mortgagecadence.com