Home Bank, N.A., a subsidiary of Home Bancorp, Inc., has implemented the Loan Fulfillment Center (LFC) from Mortgage Cadence, an Accenture company, the company announced in a release.
Available through the Mortgage Cadence cloud for swift accessibility, LFC is an out-of-the-box retail loan origination platform capable of handling mortgage requirements from application to closing and delivery. After a quick 90-day implementation, Home Bank now is live on the platform and also using its integrated Borrower Center, an intuitive online origination portal, the company said.
“Given the highly competitive industry we serve, lenders must have technology that fits their needs not just today, but for many years to come,” Mortgage Cadence President and Chief Operating Officer Trevor Gauthier said in the release. “While some companies offer just one loan origination system, Mortgage Cadence is well-positioned to meet the diverse needs of our customers thanks to our two different loan origination systems, Loan Fulfillment Center and Enterprise Lending Center. LFC offers out-of-the-box functionality that a smaller administrative team can quickly personalize. It is the perfect fit for Home Bank.”
Melissa Reynolds, mortgage lending coordinator and training director at Home Bank, said she was impressed with what she saw.
“Mortgage Cadence blew away the competition, in terms of available workflows, including Borrower Center and the Virtual Loan Folder, and the intuitive nature of the tools,” she said. “Loan Fulfillment Center enables us to close more loans without increasing our staff or overhead.”
Two of LFC’s key components are Borrower Center and Virtual Loan Folder. Borrower Center is an origination tool that allows loan officers to add a “click here to apply” button in their signature files and launch their own personalized origination sites to capture business from consumers and business partners.
Virtual Loan Folder, according to the release, is an electronic document classification tool that eliminates many manual processes, including the printing, scanning and repackaging of documents, and can be set up to meet nearly any investor’s requirements.
“We chose Mortgage Cadence’s Loan Fulfillment Center because the company has made it clear that in addition to understanding and leading technological innovation in lending, they also care deeply about their customers,” Reynolds said.