INDIANAPOLIS Eli Lilly FCU has signed with Mortgage Cadence LLC to implement the company’s Symphony loan solution this spring.
Symphony is one of two Enterprise Lending Systems offered by Mortgage Cadence. The company said Symphony’s cloud-based architecture ushers mortgage loans from origination through closing, including documents, imaging and secondary marketing.
“The traditional multi-system approach to originating mortgage loans inherently introduces inefficiency and inaccuracy. In addition, managing compliance has become increasingly difficult,” said Elaine Rinehart, assistant vice president, business analysis and applications at the $1.1-billion credit union. “Symphony from Mortgage Cadence covers all the bases in one complete system that our members, loan officers and mortgage teams can access for quick approvals and for up-to-the-minute information from any internet-connected device.”