The May 2020 launch of the Mortgage Cadence Platform is ready to meet the needs of lenders today and as the mortgage industry evolves.
DENVER; March 4, 2020 – Mortgage Cadence, an Accenture (NYSE: ACN) company, has been listed in HousingWire’s prestigious Tech 100 list of the mortgage industry’s leading technology firms.
“We’re proud to make this important list of industry leaders for our work on the Mortgage Cadence Platform,” said Mortgage Cadence CEO Peter A. Espinosa. “MCP is our next generation mortgage loan origination solution and it is, without doubt, one of the most impressive tools available to lenders.”
Each year, HousingWire editors scour the industry to identify state-of-the-art fintech companies working to advance the housing and mortgage industry. MCP was recognized as bringing lenders – including credit unions, banks and independent mortgage brokers – the most modern digital lending experience that is a true, end-to-end platform.
In naming Mortgage Cadence to the HousingWire Tech 100 for 2020, HousingWire noted:
- The average for originators relying on Mortgage Cadence technology is 3.33 loans per employee per month – an increase of over 66%.
- One top performing lender closed 10.18 loans per employee per month.
- 86% of Mortgage Cadence lenders outperform the MBA average Cost-to-Close
“This year’s Tech100 Mortgage companies are pushing the digital mortgage beyond what was even possible several years ago,” HousingWire said in a statement. “Using artificial intelligence and machine learning, and combining it with powerful data and insights, these companies are revolutionizing the mortgage lending process. Together, they are bringing the mortgage industry into the future.”
The Mortgage Cadence Platform is a modern digital lending platform. Inclusive of the borrower portal, imaging, document, collaboration and service integrations, MCP serves as a single system of record. Offered through the Microsoft Azure Public Cloud, it provides anytime, anywhere access for borrowers and loan officers and is scalable to meet the needs of all lenders. The Loan Officer Experience and borrower portal, both native parts of MCP, offer real-time communication, automatic service ordering, instant status updates, and generation of pre-approval letters, ultimately reducing labor for both the borrower and lender.
To find out more about MCP, visit the company’s website.
About Mortgage Cadence
Since 1999, Mortgage Cadence has been providing the best people, process, and technology for enterprise and mid-market lenders who desire to deliver an exceptional borrower experience. From point-of-sale through post-closing, Mortgage Cadence offers an end-to-end digital lending platform creating high performance lenders.
Tanvi Arora, Vice President
BCW | Burson Cohn & Wolfe