Accenture Mortgage Cadence is transitioning all of its clients to a new cloud-based system in efforts to help lenders in both the forward and reverse mortgage industries better manage loan processing cycle times, increase system reliability and seamlessly leverage product upgrades.
All of Accenture Mortgage Cadence’s (AMC) clients—more than 600 mortgage lenders nationwide—using the company’s Enterprise Lending Center and Loan Fulfillment Center software-as-a-service (SaaS) platforms will be moved to the cloud, Accenture announced in a release Monday.
The transition is intended to provide AMC clients with faster servers, more system storage, enhanced regulatory compliance and loan origination efficiency and scalability to support a growing client base.
“Today’s digitally savvy borrowers expect the same kind of quick, efficient service from their mortgage lender that they get from online retailers and other services,” said Keith Moore, Software Cloud and Saas support executive, in a prepared statement. “All clients using our Enterprise Lending Center and our Loan Fulfillment Center have moved to our enhanced cloud technology, which provides the environment needed to get borrowers to the closing table on time while keeping up with the fast-changing regulatory landscape.”
Accenture (NYSE: ACN) is a global professional services company, providing a range of services and solutions in strategy, consulting, digital, technology and operations. Since 1999, Accenture Mortgage Cadence has been serving the mortgage industry through its enterprise lending solutions designed for both forward and reverse mortgage lending processes, from origination through funding.
When designed property, cloud technologies can be the perfect building blocks for mission-critical solutions such as the Mortgage Cadence platform, said AMC Managing Director Trevor Gauthier.
“We are proud to be an early adopter of SaaS mortgage technology, and today ours is one of the most-mature cloud-based technologies in the industry,” Gauthier said in a written statement. “Our software solutions provide maximum uptime to ensure that our clients are able to provide their borrowers with fast and reliable service.”
Written by Jason Oliva