Mortgage Cadence Publishes White Paper For Tech Buyers

Mortgage Cadence, an Accenture (NYSE: ACN) company, published a new White Paper for lenders considering new technology investments entitled, “A Lender’s Guide to the Technology Investment Dilemma.” It explores the pros and cons of implementing new technologies before the next wave of business.

“A lender’s technology investment dilemma is a familiar industry challenge,” said Seth Hooper, Chief Product Officer for Mortgage Cadence. “When lenders have the funds to upgrade their technology, they’re often swamped with loan originations, making that their primary focus. During slower periods, they have the time and resources to implement new tools but are hesitant to dip into their reserves.”

With interest rates beginning to fall, Hooper says it’s just a matter of time before the pent-up mortgage demand breaks free and homeowners and new buyers rush in for financing.

Many lenders continue to rely on outdated tools that do not have the capability to deliver the requirements of what lenders need in today’s

changing market environments. Leading lenders know the critical importance and timing of investing in new technology that works with and for them. What most lenders don’t know for certain is how to make the wisest investment in the latest technologies without further stressing their enterprise, so they can be prepared for the influx of new business when it comes.

Over the years, new tools have made loan origination more efficient, and leading lenders have kept pace. But the extended downturn has caused some lenders to fall behind.

New LOS technology, like that built into the company’s Mortgage Control Platform (MCP), offers many advantages. As the industry watches the end of the downturn approach, lenders are preparing to compete for their share of this increase in business. All they need are the right tools. Earlier this year, Mortgage Cadence was named Best Loan Origination Platform by the Fintech Breakthrough Awards, standing out against the competition for the configurability it provides.

Delivered in the Microsoft Azure Public Cloud, MCP provides a secure, scalable system, accessible from anywhere and on any device. Inclusive of a leading point-of-sale through closing collaboration tools, MCP is both complete and easily configurable, offering rules-based workflow, leading UI designer tools, and an open architecture designed to meet the needs of today’s lenders. MCP serves as the ultimate single system of record.