Better Business Practices Achieved by Discarding Homegrown Technologies

Better Business Practices Achieved by Discarding Homegrown Technologies

Mortgage Cadence Offers Relief to Company Burdened by its Lending System

WASHINGTON, D.C. – January 10, 2012 – (RealEstateRama) — Mortgage Cadence, LLC, a leading provider of Enterprise Lending Solutions (ELS), Default Servicing Technology and Document Services for the financial services industry, has been selected by Generation Mortgage Company to replace its homegrown lending system with Mortgage Cadence’s enterprise lending platform, Orchestrator®, Finale Document Services and the Mortgage Cadence Opus imaging solution. This completely configurable end-to-end product suite will support their need for greater efficiency and scalability in multiple business channels under the umbrella of a single solution.

Generation Mortgage, the highest-ranked privately owned reverse mortgage lender in the nation, looked to Mortgage Cadence for a complete and comprehensive system integration. Upgrading from an in-house lending system to a fully scalable platform provided unlimited configuration capabilities in one centralized location and facilitated the competitive advantages sought by Generation Mortgage. “Making the transition from our own technology to working with Mortgage Cadence will allow us to focus on our business processes and strategies,” commented Chief Operating Officer from Generation Mortgage, Mark Sohl. “The ability to leverage Mortgage Cadence will enable us to focus our time and energy on continuing to provide the superior customer service in which we pride ourselves.”

Sustaining a competitive presence in a lending environment with increased Federal and State requirements is a large feat for lenders attempting to be their own product development company on top of being a mortgage company. “When Generation Mortgage came to us, it was apparent that we could provide a system that exceeds their needs” stated Michael Detwiler, chief executive officer for Mortgage Cadence. “Once we were able to demonstrate our unmatched technology and the true power behind it, Generation Mortgage had no doubt Mortgage Cadence was the right solution for them.” Mortgage Cadence affords lenders like Generation Mortgage with an enterprise-wide solution designed to help streamline processes and re-focus their attention on growing their business and increasing their overall profitability.

About Generation Mortgage
Generation Mortgage is the highest-ranked privately owned reverse mortgage lender in the nation providing competitive reverse mortgage products that reflect the rapidly changing economy. Founded by a national team of professionals with extensive expertise in all areas of the reverse mortgage industry, Generation Mortgage has helped thousands of homeowners remain in their homes through their retirement years. A dedicated focus on reverse mortgages is driven by the embedded mission of delivering exceptional service that their customers expect and deserve. Learn more at http://www.generationmortgage.com

About Mortgage Cadence, LLC
Mortgage Cadence is the leading provider of Enterprise Lending Solutions (“ELS”) which employ an extensive financial services data model wrapped with a native rules engine to deliver data-driven workflow automation tools to mortgage banks, lenders, service providers and servicers. Mortgage Cadence has developed enterprise solutions that integrate all functions and data elements required to optimize, manage and score lending performance. The mortgage industry is always shifting to meet demands and minimize risks. Mortgage Cadence’s flexible solutions continue to evolve to meet those needs. To learn more, please visit http://www.mortgagecadence.com.

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