DENVER--(BUSINESS WIRE)--Mortgage Cadence, an Accenture (NYSE:ACN) company, announces it will launch a new version of its Enterprise Lending Center (ELC) platform, with major enhancements designed to offer lenders greater extensibility, enhanced service ordering, additional regulatory support, and the framework for the third-generation Borrower Center.
Paul Wetzel, Mortgage Cadence’s executive vice president of Product Management, said, “The latest ELC features go beyond compliance-related and general system updates, bringing to the table key enhancements that position our clients for continued success while giving us the framework on which to stay ahead of trends as the pace of technology evolution accelerates.”
Specific enhancements to the ELC Platform include:
- Brand-New API Functionality. The latest version of the ELC includes a new application program interface (API) layer designed with scalability and data integrity in mind, which maximizes configuration and enables extensibility through the software development kit (SDK). As a result, SDK users will have the ability to seamlessly integrate ELC functionality across their operations, from consumer mobile apps through servicing and secondary management, all while using the latest in design standards.
- Third-Party Integrations. Mortgage Cadence continually expands its ELC interface list to include access to best-of-breed third-party service providers, giving lenders ever-increasing flexibility to choose their preferred providers. Most recently, the company integrated MGIC as an additional mortgage insurance provider option to its ELC platform.
- HMDA and UCD Compliance. Mortgage Cadence’s commitment to help clients stay compliant with the latest regulations continues with this latest release of ELC, which lays the framework for client HMDA requirements, including all new data points across all origination channels. The release also includes the new data points for collection of government monitoring information; provides the ability to collect via a URLA addendum; and adds the data points necessary to generate the UCD File.
- Borrower Center for ELC Framework. Next week, Mortgage Cadence will debut the third generation of its Borrower Center, building on the company’s proprietary technology that elevated the online mortgage lending experience more than 15 years ago. This release will expand ELC’s borrower self-service capabilities, providing borrowers with a superior experience and lenders with a more-efficient, cost-effective process.
“This latest ELC release reinforces the highly regarded technical team we have put in place, showcasing our commitment to providing our clients with forward-looking functionality,” said Damir Matic, Mortgage Cadence’s executive vice president of Technology Architecture and Engineering. “Since joining Accenture nearly three years ago, Mortgage Cadence has more than doubled in size by focusing on hiring the industry’s best talent.”
About Mortgage Cadence
Mortgage Cadence has been working with lenders since 1999, offering a one-stop shop mortgage technology solution designed for point-of-sale through post-closing. In a time when efficiency, speed and the customer experience are paramount to the success of lenders, Mortgage Cadence offers reliable software and dedicated people, supporting lenders every step of the way. Visit www.mortgagecadence.com for more information.