Mortgage Cadence has released a new system called Mortgage Cadence  Orchestrator™ (MCO) which will supplement their already popular Mortgage Cadence Finale™ doc prep solution.  “Introducing full reverse mortgage functionality further demonstrates our pledge to the market that we will provide companies the flexibility to adapt to industry changes and capitalize on new business opportunities through an ever-evolving lending platform” stated Michael Detwiler, CEO for Mortgage Cadence.  MCO will help to support the reverse mortgage process by enabling lenders to enter 1009’s and HUD supplements as well as getting complete calculations for FHA HECMs and the Fannie Mae Home Keeper™.  MCO also has the ability to add customized calculations for custom products which is a great benefit with the new products we have seen in the past few months.  

Mortgage Cadence entered the reverse mortgage market in May of 2006 with the release of their Mortgage Cadence Finale™ doc prep solution.  Over the past few months Mortgage Cadence has steadily added new functionality to meet the growing needs of its reverse mortgage customers.  At the moment two of the top lenders in the reverse mortgage market, Seattle Mortgage and Financial Freedom have chosen Mortgage Cadence’s technology in order to meet their unique business requirements.  “As a leading provider of enterprise lending services, we remain committed to providing technology that is aligned with the industry’s latest trends,” says Detwiller.

To read the full press release click the link below

Mortgage Cadence Announces Complete Reverse Mortgage Capabilities 

Technorati tags: Reverse Mortgage, HECM, Senior Finance, Mortgage Technology, Mortgage Finance

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