Mortgage Cadence Inc., a provider of Enterprise Lending Solutions (ELS) for the financial services industry, has been selected by Carnegie Mortgage LLC, the wholly-owned subsidiary of Grand Bank NA of Hamilton, N.J., to replace their mortgage lending and document management technology platform. Carnegie Mortgage originates approximately $200 million in mortgages per month via their retail and wholesale channels, Ovation Home Loans and Icon Residential Lenders. Mortgage Cadence will allow Carnegie Mortgage to leverage automation that will drive down the cost per loan, increase loan quality and compliance and meet the evolving and complex data security and privacy requirements that financial firms face.
“We performed an exhaustive search of technology providers that could truly provide enterprise-level technology encompassing workflow and automation, compliance checks and balances, flexibility, scalability, dynamic document creation, multiple deployment options and a defined implementation process with a proven track record of successful implementations comprised of top-tier lenders,” said Graham Fleming, president of Carnegie Mortgage. “At the end of this search, Mortgage Cadence was deemed the only provider in our space that we could partner with to grow our business and exceed our projections all while leveraging technology to enforce stringent compliance controls and provide superior customer service.
Mortgage Cadence Orchestrator 6.0 integrates all functions and data elements required to optimize, manage and score lending performance. With Mortgage Cadence Orchestrator and its complementary suite of solutions, lenders have access to full end-to-end loan origination functionality, automated underwriting, business rule management, product and pricing, workflow automation and an incredibly user-friendly and sophisticated graphical user interface (leveraging Microsoft Silverlight technology) within one integrated platform.
Mortgage Cadence Finale supports Orchestrator with mortgage document content, document preparation and delivery services and compliance support through an industry leading technology stack.
“Carnegie Mortgage sets themselves apart by offering a private and consumer centric banking environment to provide their customers with the very best customer service in the nation,” said Michael Detwiler, chief executive officer of Mortgage Cadence. “In turn, Mortgage Cadence has always provided state-of-the-art platforms and service offerings to lenders looking to gain a competitive advantage through the utilization of technology that provides an industry-leading return on investment, reduces manual processes, enforces compliant business policies, decreases risk and allows for the reallocation of employees to areas within the business that require a personal touch.”
For more information, visit www.iconwholesale.com, www.ovationhomeloans.com or www.mortgagecadence.com.