Mortgage Cadence Orchestrator Presentation
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Transcript of Mortgage Cadence Orchestrator Presentation
Orchestrator® Enterprise Lending
Lend More. Worry Less.
2
Mortgage Cadence Vision
Mortgage Cadence will Provide Its Customers with…The ability to focus on profitability and superior customer service
An ever-evolving, open Mortgage services platform
Flexibility to adapt to industry changes and capitalize on new business opportunities
Functionality to innovate the mortgage process with an eye toward the eventual realization of eMortgages
The last open lending and financial services platform our clients will ever need
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Orchestrator® Enterprise Lending
Industry’s Only True Enterprise Lending SolutionAchieve operational rhythm while ensuring compliance
Increase productivity and loan volume and reduce costs
Provide superior customer service
Expand revenue streams
Private labeled and configurable Origination Portal supports multiple business channels with real-time pricing and analysis tools
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Comprehensive and All-Encompassing
Superior Technology on One Comprehensive PlatformEnd-to-end loan origination functionality
• Supports Both Forward and Reverse Lending
Automated underwriting
Business rules management (ACE ® Rules Engine)
Product and pricing
Data driven workflow automation
Electronic document management
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Comprehensive and All-Encompassing (cont.)
Origination PortalSupports multiple business channels
Real-time pricing and analysis tools
Private labeled and configurable
Seamless data integration and instantaneous communication
Provide a rich customer experience
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Phased Implementation Approach
Phase 1: Best practices standard configuration and process flow
Expedite setup (60-65 business days)
Quicker ROI
Phase 2: Custom Implementation PlanWe understand there is no "one-size-fits-all implementation strategy
Our defined process begins with a discovery session aimed at identifying desired workflow, integration points, and data elements
Ultimately will position your organization for future success
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Products and Channels Served
Vast Product SupportConforming
Non-conforming
FHA and VA
Second Mortgages
Home Equity
Construction-Perm Loans
Reverse Mortgages
And more…
Multiple ChannelsWholesale
Retail
Correspondent
Consumer Direct
Net Branch
And more…
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One Comprehensive Platform
One Centralized Location for Maintaining Rules, Security, Products & Workflow
Eliminates disparate rules and prices and the need to synchronize data from multiple systems
Reduces time required to:
• Add lending products
• Change processes
• Implement business policy
• Manage compliance and risk
• Adapt to the competitive landscape
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Sophisticated Data-Driven Workflow Automation
ACE® Rules EngineAuto-resolution capabilities
• Improve efficiencies, mitigate need for additional training and deliver increase in productivity and customer service
Automated Workflow Allows:Enforcement of internal business policy
• Reduce pipeline risk
• Meet ever-changing requirements of regulatory bodies
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Compliance Solutions
Leveraging Proper Technology can Significantly Reduce Institutional and Loan-Level Risk by:
Ensuring compliance with loan credit, collateral guidelines and regulatory requirements
Staying Ahead of the Rapidly Changing Market ConditionsExpanded compliance and regulatory expertise in-house
Relationships with nationally recognized law firms
• Sonnenschein, Nath, & Rosenthal LLP; K&L Gates LLP; Patton Boggs LLP; Weiner Brodsky Sidman Kider PC; BuckleySandler LLP; Stevens & Lee
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Compliance Solutions (cont.)
Proactive CommunicationConstantly monitoring compliance landscape and providing client updates
Identify all customer issues before they arise
• Compliance bulletins
– Sent out intermittently based
– Information our customers have come to expect in a proactive manner
• Monthly newsletter
– Compiles all monthly compliance issues
– Includes a section on document additions/modifications and system updates
Committed to being the single source for our clients’ compliance needs
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Ultimate Flexibility
Providing Flexibility and Industry ConnectivityKey components include:
• Data-driven workflow automation
• ACE rules engine
• Product and pricing
• Document preparation and delivery
• Origination portals addressing all business channels
• Advanced sales tools
• Reverse lending automation
• Automated underwriting
• Document management/imaging
• Secondary marketing
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Increased ROI Through Better Operational Rhythm
Workflow Automation and Tasking
Workflow Automation and Tasking
Business Rule Management
System
Business Rule Management
System
Configuration Flexibility
Configuration Flexibility
SOASOA
Document ManagementDocument
Management
• Reduce hand-offs and wait time• Improve resource utilization• Improve load balancing • Improve task management
KEY IMPROVEMENTS
• Improve process automation• Reduce errors and re-work• Improve integrity and accuracy• Mitigate redundancy and duplicate effort
• System conforms to evolving client business model• Increase business user ownership• Reduce system support costs via coding reduction• Reduce product development cycle
• Improve data integrity • Reduce cycle times for post-closing, shipping, file
delivery• Reduce paper costs and data entry costs
• Reduce application interface development costs• Enable scalability
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STRENGTHS
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Acquisition Cost
Volume
Cycle Time
Pull-through
Technology Costs
Secondary Costs
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CATCH THE RHYTHM
Mortgage Cadence is Committed to Providing Lenders with the Last Lending Platform They will Ever Need
Eliminate disparate systems
Optimize efficiency
Increase productivity
Serve and retain customers
Maintain compliance
Reduce costs
Questions?Lend More. Worry Less.