Mortgage Cadence Touts LOS Upgrade
Greenwood, Colorado-based Mortgage Cadence, Inc. said Tuesday that it had launched Mortgage Cadence Orchestrator 5.1, its flagship loan origination system platform (the company prefers to call Orchestrator an enterprise lending system, or ELS). The new release emphasizes security controls, heightened fraud detection, and updated core functionality, the company said in a press statement. Michael Detwiler, CEO of Mortgage Cadence, said that customer demand drove most of the new features in the updated platform, characterizing customers as alternatively "ecstatic" and "eager" for the new platform to be put into production after it was previewed at a recent company conference. Those are some pretty strong words for any technology provider in the origination space these days, but the company said it created two internal teams, each individually focused on the user experience and system security, in order to design the latest platform upgrade. Mortgage Cadence said that the appraoch worked so well that the two groups have become permanent within the organization. "This release went through rigorous quality assurance testing," said Gabe Minton, CEOO at Mortgage Cadence. "The work that was put into this release will be invaluable to our customers as they begin their upgrade process." For more information, visit http://www.mortgagecadence.com.