Vendor Offers POS Reverse Automation

Origination vendor Mortgage Cadence Inc., Denver, has launched Mortgage Cadence Prelude, a point-of-sale tool designed for use by lenders moving into the growing reverse mortgage lending channel.With four of the top five reverse lenders in the country already using its Mortgage Cadence Orchestrator application, the company says there is a desperate need for reverse lending POS software that is easy to use and interfaces well with origination platforms at the nation's largest reverse mortgage lending firms. Mortgage Cadence Prelude will not be a preconfigured version of Mortgage Cadence Orchestrator and is not designed for lenders already using that application, the company said. Rather, it is point-of-sale software specifically written for the reverse mortgage market. The company can be found on the Web at http://www.mortgagecadence.com.