Mortgage Cadence Customers Bullish on Mortgage Opportunity

Denver, CO: June 19, 2013 – Mortgage Cadence LLC, a leading provider of Enterprise Lending Solutions (ELS), document services and compliance for the financial services industry, held Ascent two weeks ago, its annual symposium for customers and partners. The event, now in its twelfth year, features the latest in solutions and thinking from Mortgage Cadence as well as timely, topical presentations from industry experts.

“Among the wealth of information shared last week was this, the most important point of all: the American desire to own a home is unflagging,” said Trevor Gauthier, Chief Sales Officer of Mortgage Cadence. Dr. Eric Belsky, Managing Director of the Joint Center for Housing Studies at Harvard University, surprised participants with this information from the Center’s research. Nearly all people under the age of 45 expect to purchase a home in the future. This, along with statements from the customer base led Gauthier to note, “Our customers are universally bullish.”

Mortgage Cadence lenders agree. “The opportunity for mortgage lenders has never been better for those who do it right,” said Fowler Williams, president of Crescent Mortgage. Williams shared his views during Ascent’s closing session with panelists A.J. Swope, Vice President of Secondary Marketing with Primary Residential Mortgage Inc., and Lori Allen, Vice President of Mortgage Services, Security Service Federal Credit Union. Swope agrees, “Bullish all the way. We’ll have to take very good care of our customers while keeping a close eye on the economics of lending.”

“The positive outlook among our customers is widespread, though eyes wide-open,” continued Gauthier. “We’re clearly moving to a purchase-oriented market, one where rates will certainly rise and one that is heavier on regulation than ever before. Still, opportunity abounds,” he continued. Ascent opened on Thursday morning with Mortgage Cadence’s Credit Union Board members Scott Strand, Chief Lending Officer and SVP of BECU, Tim Mislansky, Senior Vice President and Chief Lending Officer of Wright-Patt Credit Union and President of myCUmortgage and Barry Stricklin, Vice President of Real Estate Lending for Tower FCU.

“The fundamentals are taking over. Affordability is so good, rates remain low, potential homeowners can’t afford to pass on the opportunity,” observed Strand.

“I am as bullish as our customers are about the future,” said Michael Detwiler, CEO of Mortgage Cadence. “We are entering exciting, uncharted mortgage lending territory. We are eagerly assisting our customers as they pursue these opportunities,” he concluded.