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Carnegie Mortgage Selects Mortgage Cadence Technology Suite

""Mortgage Cadence, Inc."":http://www.mortgagecadence.com, a Denver-based provider of Enterprise Lending Solutions (ELS) for the financial services industry, has been selected by Carnegie Mortgage LLC to replace the company's mortgage lending and document management technology platform.

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Carnegie Mortgage, the wholly-owned subsidiary of Grand Bank, N.A. in Hamilton, New Jersey, originates approximately $200 million in mortgages per month via its retail operations, ""Ovation Home Loans"":http://www.ovationhomeloans.com, and wholesale channel, ""Icon Residential Lenders"":http://www.iconwholesale.com.

According to Mortgage Cadence, Carnegie Mortgage's position in both the retail and wholesale markets and its nationwide footprint mean the lender needs a technology provider that enables both channels to successfully meet business demands. Mortgage Cadence says its solutions will allow Carnegie to leverage automation that will drive down the cost per loan, increase loan quality and compliance, and meet the evolving and complex data security and privacy requirements that financial firms face.

“We performed an exhaustive search of technology providers that could truly provide enterprise-level technology encompassing workflow and automation,

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compliance checks and balances, flexibility, scalability, dynamic document creation, multiple deployment options, and a defined implementation process with a proven track record of successful implementations comprised of top-tier lenders,” said Graham Fleming, president of Carnegie Mortgage. “At the end of this search, Mortgage Cadence was deemed the only provider in our space that we could partner with to grow our business and exceed our projections.”

Mortgage Cadence Orchestrator 6.0 is an enterprise lending solution that integrates all functions and data elements required to optimize, manage, and score lending performance, according to Mortgage Cadence.

The company says its technology and complementary suite of solutions give lenders access to full end-to-end loan origination functionality, automated underwriting, business rule management, product and pricing, workflow automation, and a user-friendly graphical user interface -- all within one integrated platform.

The company’s Mortgage Cadence Finale supports Orchestrator with mortgage document content, document preparation and delivery services, and compliance support.

“Carnegie Mortgage sets themselves apart by offering a private and consumer centric banking environment to provide their customers with the very best customer service in the nation,” said Michael Detwiler, CEO of Mortgage Cadence.

Detwiler added, “In turn, Mortgage Cadence has always provided state-of-the-art platforms and service offerings to lenders looking to gain a competitive advantage through the utilization of technology that provides an industry-leading return on investment, reduces manual processes, enforces compliant business policies, decreases risk, and allows for the reallocation of employees to areas within the business that require a personal touch.”

About Author: Carrie Bay

Carrie Bay is a freelance writer for DS News and its sister publication MReport. She served as online editor for DSNews.com from 2008 through 2011. Prior to joining DS News and the Five Star organization, she managed public relations, marketing, and media relations initiatives for several B2B companies in the financial services, technology, and telecommunications industries. She also wrote for retail and nonprofit organizations upon graduating from Texas A&M University with degrees in journalism and English.
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