Mortgage Cadence Orchestrator Presentation
- 1. 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 2
- 3. Orchestrator® Enterprise Lending Industry’s Only True Enterprise Lending Solution Achieve 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 3
- 4. Comprehensive and All-Encompassing Superior Technology on One Comprehensive Platform End-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 4
- 5. Comprehensive and All-Encompassing (cont.) Origination Portal Supports multiple business channels Real-time pricing and analysis tools Private labeled and configurable Seamless data integration and instantaneous communication Provide a rich customer experience 5
- 6. Phased Implementation Approach Phase 1: Best practices standard configuration and process flow Expedite setup (60-65 business days) Quicker ROI Phase 2: Custom Implementation Plan We 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 6
- 7. Products and Channels Served Multiple Channels Vast Product Support Wholesale Conforming Retail Non-conforming Correspondent FHA and VA Consumer Direct Second Mortgages Net Branch Home Equity And more… Construction-Perm Loans Reverse Mortgages And more… 7
- 8. 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 8
- 9. Sophisticated Data-Driven Workflow Automation ACE® Rules Engine Auto-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 9
- 10. 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 Conditions Expanded 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 10
- 11. Compliance Solutions (cont.) Proactive Communication Constantly 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 11
- 12. Ultimate Flexibility Providing Flexibility and Industry Connectivity Key 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 12
- 13. Increased ROI Through Better Operational Rhythm STRENGTHS KEY IMPROVEMENTS • Reduce hand-offs and wait time Workflow • Improve resource utilization Automation • Improve load balancing and Tasking • Improve task management • Improve process automation Business Rule • Reduce errors and re-work Management • Improve integrity and accuracy System • Mitigate redundancy and duplicate effort • System conforms to evolving client business model Configuration Flexibility • • • Increase business user ownership Reduce system support costs via coding reduction Reduce product development cycle SOA • Reduce application interface development costs • Enable scalability • Improve data integrity Document Management • Reduce cycle times for post-closing, shipping, file delivery • Reduce paper costs and data entry costs 13
- 14. 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 14
- 15. Questions? Lend More. Worry Less.