Mortgage Cadence Licenses Technology from FirstClose to Elevate Third-Party Integration Hub Used During Mortgage Originations

Mortgage Cadence, an Accenture (NYSE:ACN) company, has 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.

After an extensive evaluation of third-party integration platforms, Mortgage Cadence determined FirstClose’s user-friendly vendor management system to be the most modern and robust on the market, complementing its own product suite. Mortgage Cadence 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 quickly and easily.

With FirstClose’s existing portfolio of services, Mortgage Cadence will immediately expand the scope of services it provides to include those related to:

• Property valuation (e.g., appraisal, automated valuation model (AVM), condition reports, recertification, property details);
• Title (e.g., American Land Title Association (ALTA), legal and vesting, property reports);
• Income and tax verification; and
• Mortgage insurance.

“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 chief executive officer 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.”

About Mortgage Cadence

Mortgage Cadence, an Accenture company, has been working with lenders since 1999, offering a one-stop-shop mortgage technology solution designed for point-of-sale through post-closing. In a time when efficiency, speed and the customer experience are paramount to the success of lenders, Mortgage Cadence offers reliable software and dedicated people, supporting lenders every step of the way. Visit www.mortgagecadence.com for more information.

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Mortgage Cadence, an Accenture CompanySarah Volling, + 1 [e-mail]