February 23, 2015
Accenture Enhances its Mortgage Cadence Loan Fulfillment Center to Help Lenders Create the All-Digital Mortgage
Upgraded release delivers advanced technologies including e-signature for more rapid and convenient mortgage processing
DENVER, CO; Feb. 23, 2015 – Accenture (NYSE:ACN) introduced a new release of the Loan Fulfillment Center by Accenture Mortgage Cadence that offers e-signature functionality, enabling borrowers to electronically sign disclosures more easily and quickly, and with dramatically improved convenience and security.
The Loan Fulfillment Center, one of the two loan origination systems provided by Accenture Mortgage Cadence, is a cloud-based platform that offers credit unions, community banks and regional banks robust retail mortgage lending functionality through its Borrower Center, Document Center and Imaging Center solutions. This latest release brings lenders closer to a completely electronic, wholly web-based mortgage process.
The Loan Fulfillment Center with its new e-signature functionality delivers significant lender benefits:
- Rapid delivery between ordering documents and sending to the borrower – merely minutes from start-to-finish.
- A simple signing process that walks the borrower through which documents require a signature and which ones simply need review. The system also tracks which documents were signed and which are still outstanding.
- Improved communication process that notifies both the borrower and the lender when major milestones are achieved, such as successful signature on all documents.
“Enhancing process transparency and improving convenience support lenders and borrowers alike,” said Paul Wetzel, senior product line lead of Accenture Mortgage Cadence. “Offering e-signature functionality brings the Loan Fulfillment Center one step closer to enabling the completely digital mortgage. From application, to processing, underwriting, and closing, including a robust document service complete with e-signature and e-delivery provides additional convenience and efficiency for lenders and their customers.”
Accenture is a global management consulting, technology services and outsourcing company, with more than 319,000 people serving clients in more than 120 countries. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world’s most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. The company generated net revenues of US$30.0 billion for the fiscal year ended Aug. 31, 2014. Its home page is www.accenture.com.
Accenture Software combines deep technology acumen with industry knowledge to develop differentiated software products. It offers innovative software-based solutions, like Accenture Mortgage Cadence, to enable organizations to meet their business goals and achieve high performance. Its home page is www.accenture.com/software. Accenture Mortgage Cadence serves as the core mortgage loan-origination platform for Accenture Credit Services, a business service providing consulting, technology and outsourcing services to the residential mortgage, commercial lending, leasing and automotive finance industries.
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