Standard Pacific Mortgage taps Mortgage Cadence Orchestrator.
Mortgage Cadence Inc., Greenwood Village, Colorado--provider of enterprise lending solutions (ELS) for the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject.
Please [ improve this article] or discuss the issue on the talk page. industry--announced in early December its rollout of Mortgage Cadence Orchestrator or·ches·trate
tr.v. or·ches·trat·ed, or·ches·trat·ing, or·ches·trates
1. To compose or arrange (music) for performance by an orchestra.
2. [TM] with Irvine, California--based Standard Pacific Mortgage Inc.
The Mortgage Cadence solution is designed to deliver lending expertise, data-driven workflow and scalability to meet the changing needs of the marketplace while also providing a document preparation and delivery solution, according to according to
1. As stated or indicated by; on the authority of: according to historians.
2. In keeping with: according to instructions.
3. Michael Detwiler, chief executive officer of Mortgage Cadence.
"Mortgage Cadence is committed to assisting our clients in adapting to the changing market conditions within the industry," said Detwiler. "We are pleased to provide our comprehensive enterprise lending solution with lending workflows and document preparation to one of the nation's largest home-builder mortgage subsidiaries, Standard Pacific Mortgage."
The built-in workflows automate lending without significant additional training. Mortgage Cadence Orchestrator also offers sophisticated data-driven workflow automation See workflow. , powered by the ACE [TM] Rules Engine, including FHA-specific fields, product definitions with FHA See Federal Housing Administration.
See Federal Housing Administration (FHA). case number, Credit Alert Interactive Voice Response System (CAVIR) number and configurable risk-based mortgage insurance premium (MIP MIP
See: Monthly income preferred security ) calculations to streamline the origination process, explained Detwiler.
"We chose Mortgage Cadence to be our technology partner due to their robust ELS with automation capabilities and the ability at which Mortgage Cadence Orchestrator could be modified based on our specific needs," explained Richard Ambrose, president of Standard Pacific Mortgage Inc.