[March 21, 2017] |
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Mortgage Cadence Launches New Version of Its Enterprise Lending Center, with Extensibility, Compliance and Integration Enhancements
Mortgage Cadence, an Accenture (News - Alert) (NYSE:ACN) company, announces it will
launch a new version of its Enterprise Lending Center (ELC) platform,
with major enhancements designed to offer lenders greater extensibility,
enhanced service ordering, additional regulatory support, and the
framework for the third-generation Borrower Center.
Paul Wetzel, Mortgage Cadence's executive vice president of Product
Management, said, "The latest ELC features go beyond compliance-related
and general system updates, bringing to the table key enhancements that
position our clients for continued success while giving us the framework
on which to stay ahead of trends as the pace of technology evolution
accelerates."
Specific enhancements to the ELC Platform include:
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Brand-New API Functionality. The latest version of the ELC includes a
new application program interface (API) layer designed with
scalability and data integrity in mind, which maximizes configuration
and enables extensibility through the software development kit (SDK).
As a result, SDK users will have the ability to seamlessly integrate
ELC functionality across their operations, from consumer mobile apps
through servicing and secondary management, all while using the latest
in design standards.
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Third-Party Integrations. Mortgage Cadence continually expands its ELC
interface list to include accessto best-of-breed third-party service
providers, giving lenders ever-increasing flexibility to choose their
preferred providers. Most recently, the company integrated MGIC as an
additional mortgage insurance provider option to its ELC platform.
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HMDA and UCD Compliance. Mortgage Cadence's commitment to help clients
stay compliant with the latest regulations continues with this latest
release of ELC, which lays the framework for client HMDA requirements,
including all new data points across all origination channels. The
release also includes the new data points for collection of government
monitoring information; provides the ability to collect via a URLA
addendum; and adds the data points necessary to generate the UCD File.
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Borrower Center for ELC Framework. Next week, Mortgage Cadence will
debut the third generation of its Borrower Center, building on the
company's proprietary technology that elevated the online mortgage
lending experience more than 15 years ago. This release will expand
ELC's borrower self-service capabilities, providing borrowers with a
superior experience and lenders with a more-efficient, cost-effective
process.
"This latest ELC release reinforces the highly regarded technical team
we have put in place, showcasing our commitment to providing our clients
with forward-looking functionality," said Damir Matic, Mortgage
Cadence's executive vice president of Technology Architecture and
Engineering. "Since joining Accenture nearly three years ago, Mortgage
Cadence has more than doubled in size by focusing on hiring the
industry's best talent."
About Mortgage Cadence
Mortgage Cadence has been working with lenders since 1999, offering a
one-stop shop mortgage technology solution 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170321005062/en/
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