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Cardinal Financial Introduces New Wholesale Division

NationalMortgageProfessional.com
May 01, 2017
Nationwide mortgage lender Cardinal Financial Company has announced the launch of its Wholesale Division and proprietary technology

Nationwide mortgage lender Cardinal Financial Company has announced the launch of its Wholesale Division and proprietary technology. Cardinal Financial’s end-to-end digital solution will streamline the wholesale loan process, improving the loan manufacturing process from point of sale to close. The company’s vision to lead and disrupt the mortgage industry by modernizing the way home loans are obtained is furthered by this initiative.
 
Cardinal Financial Wholesale, the company’s new third-party origination (TPO) channel, leverages Cardinal’s proprietary technology, Octane, the company’s loan origination System (LOS) that reduces friction and automates many components of the process that other lenders require entire departments to fulfill. Powered by Octane, Cardinal Financial can measure turn times in minutes and will deliver an experience of unrivaled service, price and execution to uphold the fundamental importance of the broker in homeownership.
 
“The prevailing strategy executed by most wholesale lenders is ‘this is how we’ve built the process’ and ‘this is the way we expect you to do things.’ But in those types of environments, the needs of the broker and their ecosystem are rarely considered. Cardinal Financial Wholesale is radically different,” said Amy Mahar, SVP, director of Third-Party Originations for Cardinal Financial. “Too many wholesale lenders are operating from stagnant perspectives, lacking strategy for the future, and use archaic processes bolted onto inadequate technology. It’s time we evolved. We are excited about transforming the wholesale experience and bringing it into the future.”

 
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