Desert Schools Federal Credit Union Launches Mortgage Cadence's Loan Fulfillment Center to Transform Home-Buying Process

Desert Schools Federal Credit Union (Desert Schools) has deployed the Loan Fulfillment Center from Mortgage Cadence, an Accenture ACN company, to help support its goal of a fully digital loan origination process.

With the deployment of the Mortgage Cadence product suite, Desert Schools — the largest credit union in Arizona and a top 25 mortgage-producing credit union in the United States — is now creating an unprecedented experience for its customer base of more than 300,000 members.

"After considering various options, we found that Mortgage Cadence's technology offered the most streamlined functionality, enabling us to quickly implement an end-to-end solution to support mortgage originations from application to closing without ever leaving the system," said Gary Sneed, Desert Schools' chief lending officer. "Mortgage Cadence helps us further our commitment to our members by providing a quick, easy-to-use borrower portal that allows for product comparisons and ongoing member education. Thanks to the close collaboration of our teams, we were able to go live on the system swiftly and capitalize on the benefits this functionality brings to our digital mortgage strategy."

Mortgage Cadence's Loan Fulfillment Center — in coordination with its intuitive Borrower Center, Secondary Market Center, Document Center and Imaging Center — provides the tools necessary for Desert Schools to establish a transparent, compliant and efficient mortgage origination process. The product suite walks prospective homebuyers through the mortgage application process step-by-step and enables clients to provide loan status and other information related to the borrower's loan application via tools within the platform.

With the Loan Fulfillment Center, each step of the process — from processing, document imaging and package creation to underwriting, post-closing and secondary marketing — continues on-platform and through a single system.

"The future of the industry belongs to innovative lenders who are dedicated to taking steps toward the all-digital mortgage, said Nizar Hashlamon, Mortgage Cadence's executive vice president of sales. "As an industry-leading institution, Desert Schools Federal Credit Union recognized this and positioned themselves to provide an unparalleled experience for their members for years to come. We are proud to support and help fuel their growth by providing Desert Schools with the type of forward-thinking, intuitive member and lender tools that enable ongoing success."

About Mortgage Cadence

Mortgage Cadence has been working with lenders since 1999, offering a one-stop shop mortgage technology solution designed for point-of-sale through post-closing. In a time when efficiency, speed and the customer experience are paramount to the success of lenders, Mortgage Cadence offers reliable software and dedicated people, supporting lenders every step of the way. Visit www.mortgagecadence.com for more information.

About Desert Schools Federal Credit Union

Celebrating its 77^th year in Arizona, Desert Schools is Arizona's largest credit union with $4 billion in assets, more than 300,000 members and branch locations across the Valley. As a not-for-profit cooperative, Desert Schools prides itself on providing stellar service to its member owners while actively engaging in its mission of "Shared Prosperity" through dynamic leadership roles within the community. Desert Schools works continuously to improve lives through non-profit partnerships and financial literacy efforts in the Valley and beyond. Learn more at www.desertschools.org.

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