Mortgage Cadence has been busy forming partnerships with IBIS and Weiner Brodsky Sidman Kider PC and now it adds the Senior Lending Network as one of its customers too. The Denver, Colorado based company announced last week that its Orchestrator (front end LOS) and Finale (doc prep) systems have been successfully implemented with the Senior Lending Network.
“This is a marketplace that is expanding exponentially, with more than 6,500 seniors turning 62 each day. There is a tremendous need for the reverse mortgage product and a proven technology solution to support our business as it rapidly grows,” said David Peskin, Chief Executive Officer of Senior Lending Network. “We were looking for someone with the ability to scale our operations in an efficient manner and implement a fully integrated document solution to move our loans swiftly from point of sale to the closing table.”
Mortgage Cadence’s Orchestrator is a front end enterprise origination system that competes with solutions from Reverse Mortgage Solutions, IBIS, and Reverse Vision. Unlike the other systems in the marketplace, Orchestrator supports both forward and reverse mortgage lending.
Orchestrator includes its ACE™ Rules Engine, which offers data driven workflow automation including auto-resolution capabilities that greatly improve efficiencies, mitigate the need for additional training and deliver a significant increase in employee productivity and customer service. “By using the ACE™ Rules Engine to validate ratio’s and other reverse specific lending guidelines, we have been able automate our processes to significantly drive down costs,” added Peskin.
"We saw the potential in the reverse mortgage lending market early on and so we have been pro-actively working on this functionality for years," stated Michael Detwiler, Chief Executive Officer of Mortgage Cadence. "We are pleased to partner with one of the true reverse lending innovators, Senior Lending Network, a program of World Alliance Financial Corp., to provide them with the industry’s leading Enterprise Lending Solution and premier document preparation and delivery technology."
