Mortgage Cadence Announces Integration With LoanBeam

Sep 13, 2018

Mortgage Cadence, an Accenture company, has integrated LoanBeam's income calculation service with Enterprise Lending Center (ELC), Mortgage Cadence's loan origination solution. The integration will help Mortgage Cadence customers eliminate hours of manual document review and accelerate time to close, while providing systematic income calculation and verification for self-employed borrowers.

LoanBeam uses optical character recognition (OCR) technology to export data from scanned tax return documents to automatically calculate a borrower's income, drastically reducing the time it takes for loan officers, underwriters and processors to review borrower qualifying income.

"We're pleased to add LoanBeam to our growing list of world-class integrated service providers," said Brian Benson, Executive Manager of Services at Mortgage Cadence. "LoanBeam is a groundbreaking service that helps reduce loan production times and improve the overall borrower experience, especially for self-employed mortgage applicants that are traditionally difficult to process. We're excited to extend these new capabilities to our lender clients."

About the author

NationalMortgageProfessional.com

Link copied

Published

Sep 13, 2018

Operations

Wells Fargo Backs 3D-Printed Housing With New Financing Program

Qualified buyers can receive a 50-basis-point lender credit as the bank looks to support alternative housing construction

Wells Fargo is expanding its involvement in the 3D-printed housing sector, announcing it has been named a preferred home mortgage lender for ICON, a company specializing in advanced construction technology.Under the arrangement, qualified buyers who finance the purchase of a...

Non-QM

eRESI Rolls Out AI Guideline Search For Non-QM Lending

Correspondent sellers will receive complimentary access to Guideline Guru's platform, allowing real-time searches of eRESI underwriting guidelines and instant AI-generated answers

eRESI has partnered with Guideline Guru to provide correspondent clients with complimentary access to an artificial intelligence-powered tool that streamlines Non-QM guideline searches and accelerates loan decision-making.The partnership will make Guideline Guru available ac...