Firm Adds Compliance Tool to Origination Software
Denver-based mortgage software developer Mortgage Cadence added new features to its compliance support services software, the company announced. The primary new feature is a “compliance modeling” compliance automation tool for the Mortgage Cadence Orchestrator platform. “The past year has seen significant changes within the mortgage industry. The majority of these changes have pushed to the forefront the need for lenders to meet essential compliance requirements. The burden on lenders is dramatic as they seek to meet the demands of regulatory agencies, both federal and state,” said CEO Michael Detwiler. Detwiler added the new tool will help lenders reduce errors and ensure origination documents are compliant with all pertinent legislation. Write to Austin Kilgore.