Mortgage Cadence recently reached an agreement to license FirstClose’s proprietary integration hub software platform, which provides loan services throughout the mortgage-origination process. The agreement will enable third-party service providers to integrate their services into Mortgage Cadence’s existing end-to-end loan origination product suite more quickly, providing lenders with additional one-stop loan origination capabilities.
Mortgage Cadence determined FirstClose’s vendor management system to be the most modern and robust on the market suite, and will include FirstClose’s technology in the first phase of its new third-party integration architecture, known as Services Center 2.0, in which vendors will be able to integrate their services into the Mortgage Cadence product suite.
“By empowering vendor partners to integrate their solution into our product suite, we’re giving our clients access to a wider variety of services to meet their needs, including new categories like borrower asset verification and document aggregation,” said Trevor Gauthier, Mortgage Cadence’s president and chief operating officer. “The development of Services Center 2.0 is just one step in our continued efforts to fuel lender success by meeting the ever-changing needs of the marketplace.”
Mike Detwiler, Mortgage Cadence’s CEOofficer and a Senior Managing Director at Accenture, said, “The addition of FirstClose’s technology is consistent with our broader strategy of augmenting development capabilities through strategic technology tuck-ins and will enhance our ability to serve our mortgage lending customers with the industry’s leading loan-origination platform.