Industry leader reaches a significant milestone in loan origination technology evolution, Mortgage Cadence launches MCP 3.0.
DENVER; May 2, 2023 – Mortgage Cadence, an Accenture (NYSE: ACN) company, has released version 3.0 of its Mortgage Cadence Platform (MCP) Loan Origination System (LOS). The company launched MCP in 2021, and with the release of 2.0 last summer, officially retired its legacy enterprise lending platform and migrated all existing enterprise customers to the new platform. With the release of 3.0, Mortgage Cadence is solidifying its stance in the evolution of the industry’s leading modern loan origination technology.
“Version 3.0 includes dozens of improvements and new features, including improved data security, safer interactions with lender partners, and more power to expand their product menus,” said Seth Hooper, EVP of Product at Mortgage Cadence. MCP is raising the bar on quality, using next generation automation framework for regression and best in class load testing. “We’ve made significant investments in performance to ensure that, when the market turns, our users will be ready to grow. MCP is the industry’s only platform to support both forward and reverse products. This new release will allow lenders to go further, faster with more product choices and better system performance.”
Hooper pointed out that keeping pace with new security threats and industry requirements will always be part of future updates, but said Version 3.0 provides lenders with the power to manage their own security protocols efficiently and in a manner that doesn’t slow down their businesses.
MCP’s innovative services strategy also got a boost from Version 3.0 by expanding the platform’s key functionality with new integrations and enhancements to existing integrations for title, credit, secondary marketing (GSEs) and more. By extending its services layer, MCP has created a secure ecosystem for lenders that delivers efficiency and lower costs.
"MCP 3.0 includes additional and enhanced integrations that deliver compliance, security and efficiency to lenders on the platform," says Jim Rosen, EVP of Services at Mortgage Cadence.
Delivered in the Microsoft Azure Public Cloud, MCP provides a secure, scalable system, accessible from anywhere and on any device. Inclusive of a leading point-of-sale through closing collaboration tools, MCP is both complete and easily configurable, offering rules-based workflow, leading UI designer tools and an open-architecture designed to meet the needs of today's lenders. MCP serves as the ultimate single system of record.
Mortgage Cadence delivers the industry’s most complete, modern, cloud-based digital lending platform designed to provide an exceptional user experience throughout the entire mortgage lending life cycle, across all channels and products. With a leading borrower point-of-sale through closing collaboration tools, the end-to-end platform is both complete and configurable offering an open-architecture designed to meet the needs of today’s lenders. The platform enables lenders to work more efficiently, leveraging automation and workflow tools that deliver an excellent borrower, sales and operational user experience. For more information visit www.mortgagecadence.com.
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Executive Vice President, Marketing