Generation Mortgages Selects Tech Provider

""Mortgage Cadence, LLC"":www.mortgagecadence.com/, has been selected by ""Generation Mortgage Company"":www.generationmortgage.com/ to replace the company's current lending system. Generation will begin using Mortgage Cadence's Orchestrator, Finale Document Services, and Opus systems to gain enhanced end-to-end support for its mortgage lending business.

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Previously, Generation had utilized a homegrown lending system to facilitate its processes, but with Mortgage Cadence's offerings, Generation will have a completely configurable product that will provide better efficiency and scalability throughout multiple business channels.

Currently, Generation is considered the highest-ranking privately owned reverse mortgage lender in the U.S., and the company decided upon Mortgage Cadence's platforms to gain a single solution in a centralized location.

Speaking out on the company's transaction, Generation's chief operating officer, Mark Sohl, said, ""Making the transition from our own technology to working with Mortgage Cadence will allow us to focus on our business processes and strategies. The ability to leverage Mortgage Cadence will enable us to focus our time and energy on continuing to provide the superior customer service in which we pride ourselves.""

Commenting on Generation's need to stay competitive, Mortgage Cadence's CEO, Michael Detwiler, noted, ""When Generation Mortgage came to us, it was apparent that we could provide a system that exceeds their needs.""

Continuing his statements, Detwiler added, ""Once we were able to demonstrate our unmatched technology and the true power behind it, Generation Mortgage had no doubt Mortgage Cadence was the right solution for them.""

Considered a provider of enterprise lending solutions, default servicing technology, and document services for the financial industry, Mortgage Cadence uses a data model that combines a native rules engine with workflow automation tools to benefit mortgage banks, lenders, service providers, and servicers.