Mortgage Cadence Launches New LOS

Mortgage Cadence, a subsidiary of Accenture (NYSE: ACN), has unveiled their new Mortgage Cadence Platform (MCP) and announced the release of version 1.1, designed to provide an exceptional user experience throughout the entire mortgage lending life cycle, across all channels and products. Mortgage Cadence has developed the Platform to be the industry’s most complete, modern, and open digital lending platform, providing clients the freedom of choice to use market-leading technologies and service providers that best fit the needs of their business. The company also just announced their new brand and website to align with the evolution of the platform.

Delivered in the Microsoft Azure public cloud, clients see increased speed, best-in-class data security and a suite of cloud native analytics tools, including PowerBI, a leading analytics solution that provides real-time access to important metrics and dashboards.  From borrower point-of-sale through closing collaboration tools, the modern Platform is designed to be intuitive across all users, incorporating the latest in UX design and UI administration tools. 

Highlights of the latest MCP 1.1 release include additional services powered by the new Services Hub – a centralized communications and order processing platform which promises accelerated service offerings in the future.  The platform also supports connections to leading eClosing platform providers, allowing lenders to bring secure digital closing solutions to their borrowers for enhanced service and borrower experiences from application through closing.

“We’re focused on building the best mortgage LOS that meets the needs of all lenders. We provide both an “out of the box” solution as well as a highly configurable alternative for lenders who seek to differentiate themselves in customer and user experience,” said Pete Espinosa, CEO of Mortgage Cadence. “With our platform’s open architecture, our clients have access to a robust set of APIs, admin, workflow and UI design tools that allow them to extend and customize their technology strategy to meet the unique needs of their business.” 

MCP 1.1 also boasts mobile responsive design and advanced workflow, allowing real-time multi-user access on every loan for concurrent automated work, anytime from anywhere.

“Our goal with the launch of MCP was to deliver our lenders a more intuitive, modern digital lending experience with the flexibility to fit their individual business needs,” Espinosa said.  “We’re excited to work with each of our current customers to transition to the new platform and get them utilizing the very best of our technology. Where we can advance from here will be really exciting.”