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Mortgage Cadence announced an expanded partnership with CoreLogic that will fully integrate CoreLogic's Automated Valuation Models with the Mortgage Cadence Platform, an end-to-end, open digital lending platform.
"This new integration will allow Mortgage Cadence users to access our industry-leading AVM solutions and receive completed reports and AVM data directly into the electronic loan file of their LOS," said Kevin Mullins, strategic alliances executive for CoreLogic.
The partnership was expanded to help enhance valuation tools to improve risk mitigation during the process. Mortgage lenders may also benefit from streamlined workflows and reduced cost-to-close which improves both the borrower experience and lender profitability, according to a press release.
"Adding the new CoreLogic AVMs offers another option to our users, who can already choose our partner’s appraisals, credit reports, flood reports and verification reports through their Mortgage Cadence LOS," said Pete Espinosa, CEO of Mortgage Cadence.
