LOS Trends

Mortgage Cadence, an Accenture (NYSE: ACN) company, has released version 4.0 of its Mortgage Cadence Platform (MCP) Loan Origination System (LOS). The company launched MCP in 2021 and then rolled out two significant updates in 2022 and 2023. With this fourth milestone release, Mortgage Cadence changes the frequency of new releases and lets lenders choose to implement new updates immediately or later. This approach drives greater user adoption and eliminates disruptions that software updates may have caused in the past.

Dark Matter Technologies (Dark Matter) announced the availability of a new, automated workflow in the Empower loan origination system (LOS) that makes it easier for lenders to identify and qualify loan applicants who could benefit from evaluation of their positive rent payment history.

Vanderbilt Mortgage & Finance, Inc. (Vanderbilt Mortgage), a national home lender, has chosen the Mortgage Cadence Platform (MCP) by Mortgage Cadence, a subsidiary of Accenture (NYSE: ACN), as its Loan Origination System (LOS) to deliver a more modernized experience for its customers.

HELOCs should be a part of your offering. In a tight market, you have to offer more products. The trick to getting into this business if you’re a mortgage lender is picking the right LOS that will help you automate both your traditional mortgage products and your HELOCs on the same system. But how do you pick the right LOS for all your needs?

Getting the total package – a strong vendor partnership and an innovative LOS – was critical for San Diego-based iServe Residential Lending. A few years ago, the team had become frustrated with their existing LOS. The lender struggled with an LOS that presented a myriad of challenges and consistently failed to deliver results when needed.

Dark Matter Technologies (Dark Matter), a provider of origination technology, has signed a contract with Lakeland, Florida-based Publix Employees Federal Credit Union (PEFCU). The signing is the first under Dark Matter’s new corporate structure and reflects the growing footprint of the company’s Empower Loan Origination Platform in the credit union sector.

In a very competitive market, you need every edge. That’s why CUSO Home Lending went through an exhaustive search for a new LOS to roll out to all its members.