BECU selects Mortgage Cadence’s enterprise lending center as its new loan-origination system
Agreement extends 14-year relationship between the two organizations
KANSAS CITY, MO (July 25, 2017) — BECU, a Tukwila, Washington-based credit union, has selected the Enterprise Lending Center from Mortgage Cadence, an Accenture (NYSE: ACN) company, as its new loan-origination system.
BECU is one of Mortgage Cadence’s longest-standing clients, having been using Mortgage Cadence’s retail, lender-ready loan-origination system, Loan Fulfillment Center, since 2003. The Enterprise Lending Center offers lenders greater extensibility, enhanced service ordering and additional regulatory support. As the country’s fourth-largest credit union, BECU needed greater flexibility, with advanced rules-driven workflow automation. After reviewing the landscape of loan-origination solutions, BECU identified Mortgage Cadence’s Enterprise Lending Center and accompanying product suite as the best solution to meet its growing needs.
“Our selection was based not only on Mortgage Cadence’s software capabilities and flexibility, but also its track record as a true partner committed to helping us provide our members with a best-in-class solution,” said Scott Strand, BECU’s senior vice president of Member Lending, Business and Wealth.
Mortgage Cadence’s end-to-end solution gives BECU total control, thanks to the addition of its software development kit, which provides enhanced configuration functionality to customize the already robust Enterprise Lending Center product suite to help BECU meet its evolving needs.
“Technology changes daily, presenting opportunities as well as challenges for lenders,” said Trevor Gauthier, Mortgage Cadence’s president and chief operating officer. “That’s why Mortgage Cadence offers two loan-origination solutions designed to meet all lenders’ needs, enabling them to transition to a platform that best aligns with their future aspirations. We are extremely pleased to continue our long-standing relationship with BECU and look forward to working together to create new lender efficiencies and an unmatched borrower experience.
About Mortgage Cadence
Mortgage Cadence delivers the industry’s most complete, modern, cloud-based digital lending platform designed to provide an exceptional user experience throughout the entire mortgage lending life cycle, across all channels and products. With a leading borrower point-of-sale through closing collaboration tools, the end-to-end platform is both complete and configurable offering an open-architecture designed to meet the needs of today’s lenders. The platform enables lenders to work more efficiently, leveraging automation and workflow tools that deliver an excellent borrower, sales, and operational user experience. For more information visit www.mortgagecadence.com.
BECU is a not-for-profit credit union owned by its members. Members receive the benefits of ownership through better rates and fewer fees. With more than 1 million members and over $16 billion in assets, BECU is the largest credit union in Washington and one of the top five financial cooperatives in the country. BECU currently operates more than 45 locations in Washington and two financial centers in South Carolina. For more information, visit www.becu.org.