Mortgage Cadence, Inc., a leading provider of Enterprise Lending Solutions (ELS) announced record forward and reverse loan volumes in addition to the completion of infrastructure improvements to its Mortgage Cadence Finale document preparation and product line. Mortgage Cadence Finale is averaging 11% growth per month and has increased loan volumes by over 300% since April of 2008 said a company statement.
“We have invested tens of millions of dollars in this product line and the seasoned team that supports it to provide our customers with the best document preparation and delivery solution the mortgage market has to offer, whether you are a forward or reverse lender,“ stated Michael Detwiler, Chief Executive Officer of Mortgage Cadence.
“The reception that this solution has received over the course of the last few years is unprecedented and we expect that growth to continue through 2009 and beyond. Five of the top 10 reverse mortgage lenders are customers, our customer base that is writing an increased proportion of FHA loans is expanding, and we have the largest loss mitigation and loan modification provider as a customer. To say the least, I am very pleased with how we have positioned this product line, our customers, and our overall company for success in the future.”
Mortgage Cadence Finale enables lenders to dynamically create initial disclosures and closing packages and deliver them securely to the borrower or settlement agent quickly and through one comprehensive platform.