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Mortgage Cadence Announces the Launch of Its Cloud-Based LOS

NationalMortgageProfessional.com
Mar 24, 2011

Mortgage Cadence LLC has announced the launch of it cloud-based, Symphony Loan Origination System (LOS), an on-demand origination solution for lenders of any size. The product fills a current gap within the marketplace by making available enterprise-level power in a pre-configured solution that locks down compliant processes and any lender can implement and put into production in just a few weeks. “All but the nation’s largest lenders have had to settle for substandard loan origination automation for far too long,” said Chuck Kimball, executive vice president of product experience for Mortgage Cadence. “Lenders of all sizes deserve an LOS that offers them all of the compliance support, time-saving features and reliability that the nation’s top-100 lenders have come to expect. With this offering, we’re giving it to them.” The Symphony application features collaborative process capabilities, real-time data access, a branded Web site and a redundant infrastructure providing 24/7 availability, security and disaster recovery. In addition, all system updates and upgrades are provided automatically for free. The new LOS allows lenders of any size to: ►Be 100 percent Web-based and respond to any regulatory changes within 24 hours ►Reduce pricing variances with a product, pricing and eligibility engine ►Ensure compliance by having an on board doc prep service ►Leverage 100 percent compliant documents backed by the industry leading E&O policy ►Route work efficiently and effectively to the right people with dynamic tasking ►Safeguard data integrity by working easily with third-party vendors through pre-built integrations ►Drive efficient work flow automatically ►Image any document coming into the system ►Build and implement customized underwriting conditions ►Get the highest levels of efficiency through concurrent editing of the loan file ►Get the highest level of Web-based security with SAS70 Type II compliance “In over 20 years in this industry—serving as an originator, a branch manager, a technology executive inside the mortgage bank and as a technology vendor—I’ve never seen a system this robust for anything close to the price,” said Keith Kemph, Mortgage Cadence executive vice president for Symphony. “Symphony is the technology that will turn the mid-tier lenders of today into the leaders of tomorrow.”
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