Mortgage Cadence, an Accenture company, integrated Covius’ title and appraisal solutions into the company’s Collaboration Center, providing on-platform access and eliminating the need for clients to rekey data into a separate system or leave the Mortgage Cadence platform to order services, the company announced in a release.
Covius provides title and appraisal solutions and other technology-enabled offerings for financial services companies.
“Our integration with Mortgage Cadence’s Collaboration Center is in strategic alignment with providing innovative settlement service and appraisal solutions to our clients and the marketplace,” Covius Executive Vice President (Origination Solutions) Joe Chappell said in the release. “Using our ‘Covius Connect’ integrated API framework, Collaboration Center provides us with a comprehensive and secure communication channel that we can use to streamline processing and drive value-stream efficiencies with our clients across multiple different product lines.”
Mortgage Cadence’s Collaboration Center reinvents the way lending professionals and settlement service firms interact automating processes, exchanging documents and data, and offering real-time messaging. It eliminates manual processes such as document comparison and email search, helping to increase efficiency and profitability, and does not require massive data entry to deploy into production processes, the companies said.
The integration of Covius’ solutions into Collaboration Center enables Covius to offer its title and appraisal services to Mortgage Cadence clients in a secure way that reduces the risk of fraud and cybercrime.
“The growing adoption of Mortgage Cadence’s Collaboration Center signifies its ability to solve one of the industry’s most pressing problems — the disjointed nature of the closing process,” Mortgage Cadence Managing Director and CEO Bryan Ireton said. “Collaboration Center clients now account for nearly half of the title insurance industry’s transaction volume, a giant step forward in putting that problem behind us. We’re thrilled to add Covius to the network, as it’s the start of a growing relationship with a leading digital solutions provider.”