Denver, CO; Jan. 24, 2017 − Citizens Community Federal Bank (CCFBank) announced its selection of Mortgage Cadence, an Accenture Company (NYSE: ACN), to streamline its loan origination processes, as well as drive borrower engagement. CCFBank will utilize the Loan Fulfillment Center, a robust loan origination system that offers end-to-end loan processing functionality, including compliance-related functionality and many third-party service providers.
CCFBank is a federally chartered national bank that provides deposit and loan products to communities in Wisconsin, Michigan, and Minnesota. After recently achieving the largest mortgage closing volumes in CCFBank's history, it was looking to capitalize on this growth with a new loan origination platform that enabled increased digital engagement with its customers.
The Loan Fulfillment Center’s accompanying product suite also solidified the bank’s decision to use Mortgage Cadence’s software and services. The Borrower Center, Document Center, and Imaging Center product add-ons, in addition to an available integration with DocuSign, differentiated Mortgage Cadence from the competition as a truly comprehensive product suite.
Nizar Hashlamon, EVP of Sales and Client Relations at Mortgage Cadence, said: “Mortgage Cadence is proud to be selected by CCFBank. With the Borrower Center for Loan Fulfillment Center, its customers will experience a swift and straightforward loan origination process, and the efficiencies don’t end there. Because Borrower Center for Loan Fulfillment Center is fully embedded, the single system of record helps the residential mortgage process continue seamlessly. As a valued community bank recognized for their leadership in the industry, we look forward to fostering another long-term relationship with CCFBank and are excited to contribute to the accelerated growth of the organization.”
About Mortgage Cadence
Mortgage Cadence, a wholly owned subsidiary of Accenture, has been working with lenders since 1999, offering mortgage technology solutions designed for point-of-sale through post-closing. In a time when efficiency, speed and the customer experience are paramount to the success of lenders, Mortgage Cadence offers reliable software and dedicated people, supporting lenders every step of the way. Visit www.mortgagecadence.com for more information.
CCFBank®, Citizens Community Federal, N.A. is a federally chartered national bank based in Altoona, Wisconsin. With over $550 million in assets, the bank is a full‐service financial institution providing deposit and loan products to our customers from multiple branch locations in Wisconsin, Minnesota, and Michigan.
DENVER, CO; Feb. 23, 2015 – Accenture (NYSE:ACN) introduced a new release of the Loan Fulfillment Center by Accenture Mortgage Cadence that offers e-signature functionality, enabling borrowers to electronically sign disclosures more easily and quickly, and with dramatically improved convenience and security.
The Loan Fulfillment Center, one of the two loan origination systems provided by Accenture Mortgage Cadence, is a cloud-based platform that offers credit unions, community banks and regional banks robust retail mortgage lending functionality through its Borrower Center, Document Center and Imaging Center solutions.
This latest release brings lenders closer to a completely electronic, wholly web-based mortgage process. The Loan Fulfillment Center with its new e-signature functionality delivers significant lender benefits:
“Enhancing process transparency and improving convenience support lenders and borrowers alike,” said Paul Wetzel, senior product line lead of Accenture Mortgage Cadence. “Offering e-signature functionality brings the Loan Fulfillment Center one step closer to enabling the completely digital mortgage. From application, to processing, underwriting, and closing, including a robust document service complete with e-signature and e-delivery provides additional convenience and efficiency for lenders and their customers.”
NEW YORK; February 26, 2014 – Accenture (NYSE: ACN) announced that Summit Credit Union, based in Madison, Wisconsin, has chosen software from Accenture Mortgage Cadence to streamline its lending operations and enhance the home financing experience for its members. Summit Credit Union will be using Accenture Mortgage Cadence’s Borrower, Loan Fulfillment and Imaging Centers, formerly known as the Symphony platform.
The cloud-based platform covers the full lending cycle, from point-of-sale through delivery, including imaging, documents and secondary market tools that help make pipeline management and loan sales more efficient. With easier access to data, users can process, underwrite, close and fund loans from virtually any location, at any time, resulting in faster responses to customer inquiries. Accenture Mortgage Cadence has extensively studied methods for increased efficiencies, productivity and profitability in the lending process and incorporated these findings into its solutions.
“As one of Wisconsin’s largest home lenders, Summit Credit Union is known for our service and for our competitive, member-friendly mortgage programs,” said Daniel Milbrandt, Chief Lending Officer, Summit Credit Union. “After exploring numerous technology options, we found that the Accenture Mortgage Cadence offering was, by far, the most comprehensive platform available, including the Borrower Center which enables our borrowers to self-originate and the Loan Fulfillment Center which helps our staff efficiently process mortgages electronically. Additionally, the Imaging Center will help eliminate paper as well as simplify document exchange with our members and investors.”
“Many factors challenge the efficiency of the lending process, such as fluctuating volumes, the regulatory climate and ongoing changes with Government Sponsored Enterprises,” said Christine Haroldson, Vice President of Mortgage Lending, Summit Credit Union. “We’ve chosen Accenture Mortgage Cadence software to increase our end-to-end productivity and simplify the borrowing process for our customers. We thoroughly researched our options, including talking with several Borrower Center and Loan Fulfillment Center customers, and saw that the benefits are real for lenders and borrowers. The Accenture Mortgage Cadence benchmarking study also provides powerful insight as the report we saw that tracks performance over so long a time period.”
“Delivering Accenture Mortgage Cadence solutions through the Accenture Mortgage Cadence Cloud offers significant advantages to our lenders and to our borrowers, and we’re pleased to be working with Summit Credit Union,” said Michael Detwiler, managing director, Accenture Mortgage Cadence. “As proven by Summit Credit Union, today’s home buyers demand efficient service and access to their loan information wherever they happen to be. Our flexible Software as a Service delivery makes that possible.”
Accenture Mortgage Cadence provides loan origination software solutions for residential mortgage lenders in the United States. Its portfolio of software supports mortgage origination, processing, underwriting, closing and post-closing with on-premise, software-as-a-service (SaaS) and cloud-based solutions. Accenture Mortgage Cadence also offers electronic mortgage document management systems and imaging solutions.