TopLine Federal Credit Union has chosen Mortgage Cadence, an Accenture company, as its loan fulfillment center. TopLine will now replace all of its legacy systems with Mortgage Cadence’s full suite of products, including the Borrower Center, Loan Fulfillment Center, Document Center, Imaging Center and Collaboration Center.
According to a recent press release, credit union executives expect Mortgage Cadence technology will modernize TopLine’s mortgage operations, provide a better borrower experience, and enable increased growth.
Tom Smith, President and CEO of TopLine, said in the press release: “We selected Mortgage Cadence as our comprehensive mortgage solutions partner knowing they are committed to innovation and are dedicated to providing a superior service to help us get the most out of our technology.”
Smith said the company would use the tools to launch a new highly automated digital platform. The lender says the new system will provide its members an entirely paperless and seamless experience — from application through closing.
I have followed Mortgage Cadence for quite some time, and I’m particularly impressed with the capabilities of the firm’s Collaboration Center.
The Collaboration Center provides a private network to connect and facilitate real-time communication between all of the people, data and systems involved in the mortgage origination process, including title agents and third parties. It also includes automatic document comparison to eliminate discrepancies and noncompliance. Finally, lenders will have an alternative to email, which is just riddled with risk.
I expect TopLine to see rapid growth and increased profitability in the wake of its decision to work with Mortgage Cadence. You can find the complete release on MortgageSpeak. National Mortgage Professional also covered the news.