Minnesota Housing Now Live on Mortgage Cadence Enterprise Lending Center
October 10 2019 - 9:59AM
Business Wire
Minnesota Housing has implemented the Enterprise Lending Center
(ELC) from Mortgage Cadence, an Accenture (NYSE: ACN) company, and
is now committing loans on the loan-origination platform.
ELC facilitates lending in all mortgage channels — retail,
wholesale and correspondent — across all mortgage products,
including conventional forward mortgages as well as reverse
mortgages, which can help older homeowners leverage the equity in
their property to support retirement.
Mortgage Cadence helped Minnesota Housing — a state housing
agency dedicated to reducing racial and ethnic disparity in
homeownership — custom-configure the platform to provide the
agency’s lending team with the most efficient workflow. Minnesota
Housing is also taking advantage of Mortgage Cadence’s imaging
functionality to quickly recognize, classify and store documents
from borrowers and lending partners, ultimately increasing the
speed of internal processes.
“We were looking for a new loan acquisition platform to support
our continued growth,” said Kasey Kier, assistant commissioner of
the Single Family Division at Minnesota Housing. “The Mortgage
Cadence solution combines the best of both worlds, with an
automated workflow to increase our team’s productivity and
configuration flexibility to adapt to changing business needs,
while still offering extensibility through APIs that let us connect
with our business partners.”
Bryan Ireton, CEO and managing director of Mortgage Cadence,
Accenture, said, “At Mortgage Cadence, we believe that profitable
lending takes more than great technology. Our collaboration with
Minnesota Housing exemplifies this, as we continue to work together
to create an exceptional experience for borrowers and lending
staff.”
About Mortgage Cadence
Since 1999, Mortgage Cadence, champions of the lending process,
have been providing the best people, process and technology for
enterprise and mid-market lenders who desire to deliver an
exceptional borrower experience. From point-of-sale through
post-closing Mortgage Cadence offers reliable software and
dedicated people, supporting lenders every step of the way.
About Minnesota Housing
Minnesota Housing is the state’s housing finance agency. For
more than 40 years, we’ve worked to provide access to safe, decent
and affordable housing and to build stronger communities across the
state. In 2018, we invested $1.26 billion and assisted more than
66,000 households.
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version on businesswire.com: https://www.businesswire.com/news/home/20191010005137/en/
Pamela Herrmann Mortgage Cadence +1 720 480 7655
pamela.a.herrmann@mortgagecadence.com
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