Mortgage Cadence Launches TaaS Offering
Mortgage Cadence has launched a new Testing as a Service (TaaS) offering. TaaS has been an innovative new development across a range of industries as companies everywhere are offered new technologies but lack the resources to properly and fully test them. As lenders continue to grapple with increasing regulatory scrutiny and operational demands, the rise of TaaS represents a timely and valuable solution.
“One of the challenges lenders have with implementing new technologies is the need to fully test any new system before putting it into production,” said Monika Bhatla, Head of Quality for Mortgage Cadence. “No lender would risk a compliance violation by using a tool without testing, but few institutions have the resources in-house to run a rigorous testing process.”
At its core, the new TaaS team will offer lenders an outsourced solution for testing that combines expertise, efficiency, and cutting-edge technology. The Mortgage Cadence testing team has been refining these processes internally for years, leveraging their expertise to support the organization’s technology advancements. Now, by taking this proven approach to the next level, the team is thrilled to offer their expertise to help lenders tackle all their testing needs. Bhatla’s team takes responsibility for validating everything from software implementations to the accuracy of loan documents, ensuring lenders can focus on their core business.
The benefits of TaaS extend beyond operational support. By partnering with Mortgage Cadence and its experienced testing team, lenders gain access to:
- Comprehensive Testing Expertise: TaaS providers bring specialized knowledge and methodologies, often exceeding what an in-house team could achieve.
- Reduced Workload: By outsourcing testing, lenders free their teams to focus on other priorities, knowing their testing needs are in expert hands.
- Enhanced Accuracy and Compliance: Thorough testing ensures loan documents and processes meet regulatory standards, reducing risks for lenders.
“By working closely with lenders to understand their unique needs and challenges, Mortgage Cadence can now ensure every solution the lender employs are tailored and impactful,” said Mortgage Cadence CEO Pedro Garcia. Monika’s team will provide complete testing of any system the lender wants to employ.”
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