Mortgage Cadence Unveils 'Symphony'

Mortgage Cadence, a Denver-based mortgage technology company, has launched Mortgage Cadence Symphony, a new ASP (application software provider) model for small and midsize lenders.The application consists of a preconfigured end-to-end platform for origination, underwriting, and processing that is supported by "a powerful workflow engine," a product and pricing decisioning engine, validations, full-document imaging, and reporting, the company said. Mike Detwiler, chief executive officer of Mortgage Cadence, said the company concluded from discussions with small and midsize lenders that they could benefit from technology similar to that used by larger lenders. "So we came up with a simplified offering that gave them advanced lending functionality without the high cost," he said, adding that the system's transactional basis enables them to better match revenue and expenses. The company can be found online at http://www.mortgagecadence.com.