"This partnership delivers increased efficiency for lower cost origination and enhanced valuation tools for improved risk mitigation during the process."
Long term partnership between industry leaders gets even stronger
DENVER; February 11, 2021 – Mortgage Cadence, an Accenture (NYSE: ACN) company, and CoreLogic (NYSE: CLGX), a leading global property information, analytics and data-enabled services provider, today announced an expanded partnership that will see CoreLogic’s Total Home Value for Originations Automated Valuation Models (AVMs) fully integrated with the Mortgage Cadence Platform (MCP), the company’s end-to-end, open digital lending platform.
“This new integration will allow Mortgage Cadence users to access our industry-leading AVM solutions and receive completed reports and AVM data directly into the electronic loan file of their LOS,” said Kevin Mullins, Strategic Alliances Executive for CoreLogic. “This partnership delivers increased efficiency for lower cost origination and enhanced valuation tools for improved risk mitigation during the process. This is the next step in a long and strong partnership between our two companies.”
The Total Home Value for Originations solution is one of the most accurate AVMs that CoreLogic offers, specifically calibrated and packaged to improve efficiencies when performing property valuations during the purchase and refinance loan underwriting process. Total Home Value for Originations can also help home equity mortgage lenders reduce their costs and enable judicious allocation of their resources for business process outsourcing (BPO) and appraisals. Mortgage lenders may also benefit from streamlined workflows and reduced cost-to-close which improves both the borrower experience and lender profitability. This integration with Mortgage Cadence provides another well-established channel for CoreLogic clients to get the critical home value information they need.
Mortgage Cadence is uniquely positioned to deliver a comprehensive, end-to-end single system, while still working at scale with a configurable, open architecture through an advanced API layer. Through the cloud based digital lending platform designed with each user experience in mind, Lenders are enabled to work more efficiently by leveraging automation and workflow tools that enable an excellent borrower, sales and operational user experience throughout the entire lending lifecycle, and across all channels and products.
“We have long enjoyed our partnership with CoreLogic and we are proud to make it easy for our customers to access their powerful AVM products directly through our digital loan origination platforms,” said Pete Espinosa, CEO of Mortgage Cadence. “Adding the new CoreLogic AVMs offers another option to our users, who can already choose our partner’s appraisals, credit reports, flood reports and verification reports through their Mortgage Cadence LOS.”
CoreLogic (NYSE: CLGX), the leading provider of property insights and solutions, promotes a healthy housing market and thriving communities. Through its enhanced property data solutions, services and technologies, CoreLogic enables real estate professionals, financial institutions, insurance carriers, government agencies and other housing market participants to help millions of people find, acquire and protect their homes. For more information, please visit www.corelogic.com. CORELOGIC and the CoreLogic logo are trademarks of CoreLogic, Inc. and/or its subsidiaries.
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 loan origination system (LOS) that has 86% of their clients outperforming MBA average Cost-to-Close.
Follow us on LinkedIn to be notified when our next article is released.