HW Media CEO Clayton Collins is joined by Jim Rosen, vp of product administration at Mortgage Cadence, to debate the challenges going through lenders within the LOS panorama, and the way an LOS-first method solves for them.
In all elements of the trade, lenders are feeling the results of the shift from the earlier years’ refi growth to right now’s buy market. The consequential tightening of revenue margins has led lenders to reevaluate their processes and focus extra on the worth of originating.
“Loads of lenders are coping with challenges of their vertically built-in ecosystems, and the way can they navigate the technical challenges of closed expertise ecosystems,” Rosen stated. “So Mortgage Cadence is trying to ship some options that present assist in all of these challenges.”
Integral to these options is Mortgage Cadence’s LOS-first technique. With a purpose to perform this technique, the corporate has reimagined and reinvested in its LOS platform, specializing in an API-first structure that permits Mortgage Cadence to offer a extra versatile person interface for its prospects.
“The API floor permits an administrator to attach their LOS to the entire programs that they’ve of their enterprise ecosystem with an ease and a capability that they’ve by no means had earlier than,” Rosen defined. “So these closed ecosystems that they’re having to battle with right now develop into one thing of the previous. And their LOS turns into a supportive a part of their ecosystem, and permits them to connect with the service companions with an ease and talent that they’ve by no means had earlier than.”
When requested how Mortgage Cadence’s technique differentiated from the remainder of the market, Rosen highlighted the corporate’s provider-agnostic method.
“We actually need to present a place that permits a lender and a enterprise accomplice to do enterprise, we need to get out of the way in which, take away friction, allow them to do enterprise collectively,” Rosen stated.
To seek out out extra, go to mortgagecadence.com.