Mortgage Cadence Plans New Reverse Mortgage POS System

Posted by Orb Staff on November 15, 2007 No Comments
Categories : Residential Mortgage

Mortgage Cadence Inc., a Denver-based provider of enterprise lending solutions (ELS) for the financial services industry, has announced that it will provide a new point of sale (POS) technology – Mortgage Cadence Prelude – specifically designed for use by lenders working with reverse mortgages.

Mortgage Cadence Prelude will not be a pre-configured version of Mortgage Cadence Orchestrator – the company's existing offering – and is not designed for lenders already using that ELS, the company points out. Rather, the new product is a true POS software specifically written for the reverse mortgage market.

The on-demand offering will be provided via a transaction-based model, with no cost of entry.

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