WASHINGTON, D.C. – March 14, 2013 – (RealEstateRama) — Mortgage Cadence LLC, a leading provider of Enterprise Lending Solutions (ELS) Technology and Document and Compliance Services for the financial services industry, announced today that Langley Federal Credit Union based in Hampton Roads, VA will be using its Symphony platform to support their rapidly expanding mortgage program. Symphony is one of two comprehensive Enterprise Lending Systems offered by Mortgage Cadence and is known for both the enhanced experience it offers borrowers as well as the efficiencies it enables for mortgage lenders.
“Langley FCU’s newly vitalized mortgage lending program offers the tremendous opportunity to provide our members with the best in home financing experiences while at the same time positioning the credit union to be the leading lender in the area,” said Dave Mariniak, VP of Real Estate Lending. In addition to the Symphony platform, Mortgage Cadence’s Consumer Portal will enable Langley FCU’s members to originate their own loans and monitor progress throughout the mortgage cycle. “Being easy to do business with and providing exceptional service are two key aspects of our strategic plan, and this platform fits well with these goals. Mortgage Cadence’s technology empowers members during the entire financing process, allowing them to place their focus on the home rather than on the mortgage,” Mariniak concluded.
Mortgage Cadence offers a complete product suite, wrapping traditionally separate point of sale, loan origination, secondary market and document systems into one. “An unrivaled borrowing experience is our first goal. Right behind it is increasing lending efficiency, which includes moving to a completely paperless, fully electronic mortgage operation. Face it: paper files are never where they need to be and are often missing important information. Symphony eliminates the file, the paper and the inefficiency, plus it supports our green practices, which is also important to our credit union,” concluded Mariniak.
“We are pleased to welcome Langley Federal Credit Union to the Mortgage Cadence and Symphony family,” said CEO of Mortgage Cadence Michael Detwiler. “Symphony has served the credit union community well for over a decade. We’re proud to continue on and expand its tradition and track record,” he stated.
About Langley Federal Credit Union
Langley Federal Credit Union serves over 170,000 members and has more than $1.7 billion in assets, ranking the financial cooperative as one of the top 100 largest credit unions in the nation. Located in Hampton Roads, LFCU has served the community for more than 76 years.
About Mortgage Cadence, LLC
Mortgage Cadence is the leading provider of Enterprise Lending Solutions (“ELS”), which employ an extensive financial services data model wrapped with a native rules engine to deliver data-driven workflow automation tools to mortgage banks, lenders, credit unions, service providers and servicers. Mortgage Cadence has developed enterprise solutions that integrate all functions and data elements required to optimize, manage and score lending performance. The mortgage industry is always shifting to meet demands and minimize risks. Mortgage Cadence’s flexible solutions continue to evolve to meet those needs. To learn more, please visit http://www.mortgagecadence.com
