Mortgage Cadence Fulfills Commitment to Support Oracle
Last year Mortgage Cadence, a leading provider of enterprise lending solutions (ELS) for the mortgage industry, pronounced that it was beginning work on expanding the Mortgage Cadence Orchestrator™ lending platform on to the Oracle Database 10g. Demonstrating its vision to provide an ever-expanding lending platform, Mortgage Cadence announces that the Oracle Database 10g port has been completed — and that their lending platform now supports Oracle, as well as Microsoft SQL Server. The Oracle version of Mortgage Cadence operates against Sun Solaris and will also operate on Red Hat Enterprise Linux 4 in the next version.
“Because of Oracle’s increasing database market share, we made a commitment last year to convert our platform to the Oracle Database,” declared Pankaj Chawla, vice president of technology and development of Mortgage Cadence. “We knew that we had to support the Oracle platform in order to maximize our product’s scope and continue supplying the latest in technological advancements. The completion of this project is a significant step forward in the evolution of the application.”
By offering the Mortgage Cadence Orchestrator lending solution on both the Oracle and Microsoft SQL Server database platforms, Mortgage Cadence can provide their solution to a broader market. Those companies that have already invested in Oracle are now afforded the opportunity to implement the Mortgage Cadence solution without making the significant investment — hardware, software, financial or employees — typically required when moving to a new database platform.
Mortgage Cadence’s n-tiered architecture confines business services to the business-tier and strictly adheres to layered design pattern. By upgrading Mortgage Cadence’s Data Access Layer to be aware of both Oracle and SQL Server, there is one source code repository that runs against both SQL Server and Oracle, which minimizes maintenance and maximizes reusability.
“I am proud of the work our R&D team has done this past year,” said Mike Detwiler, CEO of Mortgage Cadence. “When Mortgage Cadence makes a commitment to its clients and the market, we don’t take it lightly. While other companies in the market merely talk about delivery, we make it a point to follow through and deliver on what we say. At Mortgage Cadence, we stand behind our word and work hard to make sure that we uphold it.”
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.