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.