Numerica Credit Union Renews Contract for Mortgage Cadence’s Product Suite
August 27 2019 - 9:59AM
Business Wire
Washington-based credit union harnesses
Mortgage Cadence product suite to grow its purchase market
Numerica Credit Union (Numerica) has renewed its contract with
Mortgage Cadence, an Accenture (NYSE: ACN) company, for Mortgage
Cadence’s loan-origination solution for five more years, through
2024.
In addition to continuing to use the Mortgage Cadence product
suite — including Loan Fulfillment Center, Borrower Center, imaging
and document-processing capabilities — Numerica will receive
optimization services from Mortgage Cadence to help the credit
union increase its efficiency by fully tapping into the platform’s
seamless and comprehensive capabilities.
“Mortgage Cadence’s Loan Fulfillment Center has a proven track
record for delivering the best solution and service for our
members,” said Troy Clute, SVP home loans and dealer services at
Numerica. “Our continued relationship with Mortgage Cadence will
help optimize our use of the technology and take our operations to
the next level in order to assist even more members to fulfill
their dream of homeownership.”
Since it began using the Mortgage Cadence Platform, Numerica has
experienced significant purchase market growth, increasing its
sales staff to keep up with the growing demand. Numerica’s
Pull-Through is 17% higher than the Mortgage Cadence client
average, and its Cost-to-Close is nearly $2,000 lower than the
client average — which, in turn, is more than $5,000 lower than the
MBA average.
“With the fast pace of technology innovation in our industry,
lenders need forward-thinking tools and resources they can depend
on to position themselves as market leaders,” said Bryan Ireton,
managing director for Mortgage Cadence, Accenture. “Numerica is on
track to continue growing throughout their region, and we’re
pleased to keep building on this long-standing partnership.”
About Mortgage Cadence
Since 1999, Mortgage Cadence has 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 Numerica
Numerica Credit Union currently has over 150,500 members
throughout Central and Eastern Washington and Northern Idaho and
$2.3 billion in assets. It offers a full line of financial products
and services, including mortgages and business products, and is
committed to giving back five percent of their earnings to the
community each year. Numerica is federally insured by NCUA and an
Equal Housing Opportunity lender. Membership is open to anyone who
lives or works in the State of Washington or the Idaho
Panhandle.
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version on businesswire.com: https://www.businesswire.com/news/home/20190827005159/en/
Pamela Herrmann Mortgage Cadence +1 720 480 7655
pamela.a.herrmann@mortgagecadence.com
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