Recognizing that high-performance lending depends on the interplay of people, process, and technology, Mortgage Cadence solves for inefficiencies in the origination process. They knew the creation of an experience that made it easier for borrowers to shop, compare, and apply for a mortgage, while simultaneously creating a lending experience that increased efficiencies through automated workflows, would provide the industry with the most innovative lending solution on the market.
As part of their comprehensive approach to revolutionizing the mortgage process, Mortgage Cadence developed Borrower Center, an intuitive online origination platform, to meet these needs.
Rather than a standalone portal, Borrower Center is a native element of Mortgage Cadence’s Loan Origination Systems, Enterprise Lending Center and Loan Fulfillment Center. As an innate feature of the LOS, Borrower Center creates a fully integrated and comprehensive digital experience that automates vendor services, runs AUS, initiates loan estimates, and generates pre-approvals.
This is what has enabled high-performing lenders using Borrower Center to consistently achieve a cost-to-close of over 40% lower than the MBA industry average.
With features and functionality that replace tedious and costly labor with automation, Mortgage Cadence clients consistently experience increased profitability through streamlined workflows. The Enterprise Lending Center and Loan Fulfillment Center seamlessly order services, run calculations and make credit decisions, which is unparalleled in the market.
“There are many POS solutions on the market, but they don’t carry the automation, workflow, and borrower experience all the way through post-closing – Mortgage Cadence does,” said Trevor Gauthier, Mortgage Cadence president.
Borrower Center creates a modern experience for borrows through a pre-configured solution that still offers easy customization. Borrowers not only benefit from this digital experience, but lenders also benefit from a simplified setup and maintenance of the software by utilizing capabilities of Enterprise Lending Center or Loan Fulfillment Center. This assures compliant lending and reduces the investor risk that comes from using multiple systems of record.
“It is rare to find a product that has this level of ease of use and implementation without compromising advanced configuration and automation throughout the entire mortgage process. Our users appreciate just that; its simplicity and power. With our technology, our lenders rely on system data to make decisions that drive profitability,” said Paul Wetzel, EVP and managing director of product management.
PRODUCT: Mortgage Cadence Borrower Center
SNAPSHOT: Ideal for those that seek a modern borrower portal coupled with the robotics and automated workflow engine of the Mortgage Cadence LOS, Borrower Center revolutionizes the way lending maintains a single system of record.
- Offers customization through a user-friendly configuration-based tool. No more coding!
- Reduces implementation time from months to mere weeks
- Eliminates the need for duplication of system administration and maintenance
- Removes any application integrity concerns and saves you time by using a single system of record
- Remains a native part of the LOS, instead of being a separate Point of Sale (POS)
- Exhibits a proven record of success with millions of loans having been processed for lenders of all sizes