Detwiler Back as Mortgage Cadence CEO

MortgageWire has learned that Mike Detwiler will be returning to the role of CEO at LOS vendor Mortgage Cadence, replacing Michael Hammond. Mr. Detwiler was the prior CEO and stepped down earlier this year to promote Michael Hammond from chief marketing officer to CEO and Gabe Minton from chief strategy officer to chief operating officer. Mr. Hammond will continue to work with Mortgage Cadence on a consulting basis, but looks forward to starting his own consulting firm in the coming weeks as well. Mr. Detwiler and Mr. Minton both noted that they look forward to continuing to work with Mr. Hammond, who along with Mr. Minton helped form the strategic plan for the company for the next three to five years. Mr. Detwiler told this publication that he feels confident that this change will further position the company well to deal with the current mortgage meltdown. Mortgage Cadence touts that it had seven go-lives in the last two quarters of 2007 and four more go-lives in the first quarter of this year. The Greenwood Village, Colo.-based company can be found on the Web at http://www.mortgagecadence.com.