Available through the Mortgage Cadence cloud for swift accessibility, LFC is a retail loan origination platform capable of handling mortgage requirements from application to closing and delivery. After a 90-day implementation, Home Bank is now live on the platform and is also using its integrated Borrower Center, an intuitive online origination portal the bank said in a statement.
“Given the highly competitive industry we serve, lenders must have technology that fits their needs not just today, but for many years to come,” said Trevor Gauthier, President and COO of Mortgage Cadence. “While some companies offer just one loan origination system (LOS), Mortgage Cadence is well positioned to meet the diverse needs of our customers, thanks to our two different LOS, Loan FulfillmentCenter and Enterprise Lending Center. LFC offers out-of-the-box functionality that a smaller administrative team can quickly personalize. It is the perfect fit for Home Bank.”
Two of LFC’s key components are Borrower Center and Virtual Loan Folder. Borrower Center is an easy-to-use origination tool that, among other things, allows loan officers to add a “click here to apply” button in their signature files and launch their own personalized origination sites to capture business from consumers and business partners. Virtual Loan Folder is an electronic document classification tool that eliminates many manual processes, including the printing, scanning and repackaging of documents, and can be set up to meet nearly any investor’s requirements.
“Mortgage Cadence’s Customer Relationship team proactively identified that, as our needs had evolved, the Loan Fulfillment Center was now a better fit for us,” said Melissa Reynolds, Mortgage Lending Coordinator, and Training Director, at Home Bank. “It was incredible to have them watching our workflows so closely that they were able to guide us to a better solution, not to mention how quickly they were able to get us up and running on the new platform. They have far exceeded our expectations as a solutions provider.”