Accenture Updates Mortgage Cadence Platform For TRID

Posted by Patrick Barnard on June 17, 2015 No Comments
Categories : Residential Mortgage

Accenture says it has updated its Accenture Mortgage Cadence Enterprise Lending Center platform with new features and capabilities to help lenders stay in compliance with the TILA-RESPA Integrated Disclosure (TRID) rules going into effect Aug. 1.

Enterprise Lending Center 8.0 supports the new loan estimate and closing disclosure documents, as well as the new TILA-RESPA data points and supporting calculations, the company says in a press release.

Accenture has also added functionality that will help lenders get the new closing disclosures to borrowers within three business days prior to the closing, as required under the new rules.

In addition, the new version sports new tests and screens to provide comparison data for fees and changed circumstance options. It also includes updates to partner integrations to improve the user experience with service orders, enabling loan compliance assessments and loan-level constrained taxes and fee estimates.

Accenture says with these updates, lenders have the opportunity to thoroughly test the new disclosures ahead of TRID's Aug. 1 implementation date.

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