Mortgage Cadence Licenses Technology from FirstClose to Elevate Third-Party Integration Hub Used During Mortgage Originations
April 20 2017 - 5:59AM
Business Wire
Mortgage Cadence, an Accenture (NYSE:ACN) company, has reached
an agreement to license FirstClose’s proprietary integration hub
software platform, which provides loan services throughout the
mortgage-origination process. The agreement will enable third-party
service providers to integrate their services into Mortgage
Cadence’s existing end-to-end loan origination product suite more
quickly, providing lenders with additional one-stop loan
origination capabilities.
After an extensive evaluation of third-party integration
platforms, Mortgage Cadence determined FirstClose’s user-friendly
vendor management system to be the most modern and robust on the
market, complementing its own product suite. Mortgage Cadence will
include FirstClose’s technology in the first phase of its new
third-party integration architecture, known as Services Center 2.0,
in which vendors will be able to integrate their services into the
Mortgage Cadence product suite quickly and easily.
With FirstClose’s existing portfolio of services, Mortgage
Cadence will immediately expand the scope of services it provides
to include those related to:
- Property valuation (e.g., appraisal,
automated valuation model (AVM), condition reports,
recertification, property details);
- Title (e.g., American Land Title
Association (ALTA), legal and vesting, property reports);
- Income and tax verification; and
- Mortgage insurance.
“By empowering vendor partners to integrate their solution into
our product suite, we’re giving our clients access to a wider
variety of services to meet their needs, including new categories
like borrower asset verification and document aggregation,” said
Trevor Gauthier, Mortgage Cadence’s president and chief operating
officer. “The development of Services Center 2.0 is just one step
in our continued efforts to fuel lender success by meeting the
ever-changing needs of the marketplace.”
Mike Detwiler, Mortgage Cadence’s chief executive officer and a
senior managing director at Accenture, said, “The addition of
FirstClose’s technology is consistent with our broader strategy of
augmenting development capabilities through strategic technology
tuck-ins and will enhance our ability to serve our mortgage lending
customers with the industry’s leading loan-origination
platform.”
About Mortgage Cadence
Mortgage Cadence, an Accenture company, 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20170420005068/en/
Mortgage Cadence, an Accenture CompanySarah Volling, + 1
303-906-4136sarah.a.volling@mortgagecadence.com
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