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| October 15, 2007 - 3t Systems, Inc |
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One of the Nation`s Largest Insurance Providers Teams With 3t Systems and Mortgage Cadence to Establish Nationwide Mortgage Banking Operations Insurance Provider to Leverage Insured Customer Base of Millions to Penetrate Competitive Mortgage Marketplace 3t Systems, Inc., Colorado`s largest privately held IT consultancy, and Mortgage Cadence, Inc., a leading provider of enterprise lending solutions (ELS) for the financial services industry, announces the successful launch of the Mortgage Cadence product suite, providing the foundation for a nationwide insurance company to establish a mortgage banking operation. The new bank will leverage and capitalize upon their well established brand and customer base to gain momentum quickly within the mortgage marketplace. The well known organization operates nationally with tens of thousands of agents across the U.S. The new banking operation currently functions as a "virtual" Internet bank, leveraging a 16,000+ agent network. While the agent office serves as a point of consumer contact, business is conducted via the Internet, over the phone and through the mail. The banking operation offers a full range of consumer products including deposit and small business products, credit cards, mortgage, home equity and vehicle loans. 3t Systems and Mortgage Cadence`s suite of products have empowered the organization by bringing their mortgage loan origination operation in house. 3t Systems successfully implemented the full Mortgage Cadence product suite in just under 12 months, leveraging their out-of the-box Retail Base Configuration as a starting point. These pre-configured services were designed by 3t Systems to control the cost of implementation, shorten the implementation cycle of Mortgage Cadence and significantly improve an organization`s time-to-market. 3t Systems` solutions also included integrating Mortgage Cadence with the bank`s internal point of sale (POS) system, allowing a lead to pass all the way through the POS system to the secondary market. Paramount to the success of this project was the collaborative relationship between 3t Systems and the banking operation`s business and IT stakeholders. "This was the largest full scale Mortgage Cadence product suite implementation in the history of our two companies," stated Eddie Speir, managing partner of 3t Systems. "By leveraging the advanced technology of Mortgage Cadence`s ELS product suite and the expertise of the 3t Systems` implementation and consulting staff, one of the largest enterprises in the country was able to reach a goal that had previously been unachievable; establishing themselves as an Internet bank." After 10 months of evaluation and due diligence, the insurance firm chose Mortgage Cadence Orchestrator due to the combination of the product`s business rules management system for automation, native workflow tools, along with the ability to augment the system`s base functionality requirements to meet ever-changing business needs. The Mortgage Cadence Captivus solution provides an imaging and document management platform that helps drive down the cost per loan and increase operational efficiencies. The Mortgage Cadence Finale solution is an integrated "lights-out" document preparation platform with secured Web delivery and eFulfillment options. The realization of their technical requirements combined with the mortgage expertise of the joint Mortgage Cadence/3t Systems team, gave the banking organization confidence that they would succeed in achieving their goals in under less than a year`s time. "With changes to the current lending environment, many large firms are finding themselves at a crossroad," stated Michael Detwiler, CEO of Mortgage Cadence. "Either they continue processing loans with their legacy lending platforms or they upgrade to new technology and take advantage of additional functionality that will enable them to process loans more efficiently and effortlessly while managing their risk. The insurance firm understood the need to increase their bottom line without sacrificing their lending requirements. With the implementation of the Mortgage Cadence product suite, they will not only witness immediate return on their investment, but will also be positioned for future growth on the last lending platform they will ever need." About 3t Systems 3t Systems provides broad technical expertise and deep industry knowledge to assist clients in achieving their business objectives with technical solutions. Since 1994, 3t has teamed with more than 1000 clients across such industries as finance, mortgage, healthcare, government, and education, serving small to enterprise operations. 3t services include advanced infrastructure, unified communications, enterprise content management, enterprise application integration, information security, and managed services. 3t is recognized as Microsoft Gold, Cisco Premier, and Citrix Platinum partner. To learn more, please visit us on the Web at http://www.3tsystems.com. About Mortgage Cadence Mortgage Cadence supplies mortgage lending platforms that enable companies to focus on profitability and superior service. Comprised of comprehensive end-to-end loan origination software at its core, a business rule management system (BRMS), workflow engine, product and pricing functionality, automated underwriting, imaging/electronic document management and document preparation services, the system gives companies the flexibility to readily adapt to industry changes and easily capitalize on new business opportunities. Built on an ever-evolving, SOA-based architecture, consisting of functionality to innovate the mortgage process, and an eye toward the eventual realization of e-Mortgages, Mortgage Cadence provides the last lending platform a company will ever need. To learn more, please visit us on the Web at http://www.mortgagecadence.com. The Mortgage Cadence product suite includes: -- Mortgage Cadence Orchestrator(TM) -- enterprise lending solution -- Mortgage Cadence Captivus(TM) -- enterprise content management (ECM) and imaging -- Mortgage Cadence Finale(TM) -- document preparation and delivery Contact: 3t Systems, Inc. Mortgage Cadence 3t Systems, Inc.; or Michael Hammond, Chief Marketing Officer of Mortgage Cadence, +1-303-967-1904/ Web sites: http://www.3tsystems.com
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| 3t Systems, Inc by Trevor Gauthier, Denver-CO |
