MORTGAGE CADENCE TEAMS WITH INVESTMENT PARTNER TO SUPPORT GROWTH, ADVANCE OFFERINGS AND FURTHER SOLIDIFY LEADERSHIP POSITION

by 10 Aug 2010
Superior Technology Solutions, Seasoned Staff and Clear Vision Attracts Monitor Clipper Partners to Become a Strategic Partner as Mortgage Cadence Expands Product Offerings While Continuing to Focus on Providing World Class Customer Service
DENVER, August 10, 2010 ?
Solutions (ELS), Loss Mitigation Technology and Document Services for the financial services industry, announced today that Monitor Clipper Partners has invested in the company. Berkery Noyes advised Mortgage Cadence on this investment. This investment provides Mortgage Cadence with the capital to expand its market-leading product and service offerings. Through both strategic acquisitions and internal initiatives, the Company?s growth will enable it to continue to exceed customer expectations and serve a wide range of market participants. Serving the mortgage industry since 1999, Mortgage Cadence is a software solution provider whose founding represented the confluence of long-standing expertise in financial services, software development and web-enablement. The Company originally developed a highly regarded enterprise solution that integrated all functions and data elements required to manage and optimize lending performance. The technology behind the product suite continues to provide automation of processes while delivering validation tools, analytics and document preparation and electronic delivery services. The robust architecture of this platform and the flexibility of the software allowed Mortgage Cadence to expand beyond forward origination technology and realize considerable success in areas such as reverse mortgages, document preparation and delivery, distressed assets and loss mitigation technology.

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