Vantage Point Title (Vantage Point) has integrated the Collaboration Center solution from Mortgage Cadence, an Accenture (NYSE: ACN) company, to automate the exchange of information throughout the real-estate closing process for all Mortgage Cadence clients.
The Mortgage Cadence Collaboration Center helps to solve two critical issues within the closing process: the pervasive disconnect between lenders and title/settlement companies, and an industry-wide need for increased automation.
Connecting all parties in the transaction — mortgage lenders, title and settlement agents, real estate professionals and others — the platform automates processes, facilitates the exchange of documents and data, and provides real-time messaging, all within a secure environment that all parties can trust. And by reducing the number of touch points required for each loan, the platform helps to shorten the time-to-close and drive down the cost-to-close — which has become increasingly important for lenders, borrowers and third-party providers.
It also functions within Vantage Point’s native title production system via API integration, eliminating the need for Vantage Point to go off platform.
“Collaboration Center is a competitive differentiator for us and for Mortgage Cadence clients,” said Robert Jackson, CEO at Vantage Point. “By putting all the necessary information in a title transaction in one place and automatically identifying version changes, it greatly reduces the amount of manual work required from our team, increases document accuracy, and helps us get the borrower to the closing table more quickly.”
Bryan Ireton, managing director for Mortgage Cadence, Accenture, said, “The industry has long needed a solution that securely connects, automates and simplifies the closing process. We’re pleased that Vantage Point recognized this need and chose to invest in our comprehensive solution.”
About Vantage Point Title
Vantage Point Title is a national title, escrow and default services provider with customer service being our driving force. To ensure that our customers’ needs are met and surpassed, we use cutting-edge technology, consistency in process, price and a unique, centralized services approach. We are not just your title partner, we are your business partner.
About Mortgage Cadence
Since 1999, Mortgage Cadence has been providing the best people, process and technology for enterprise and mid-market lenders who desire to deliver an exceptional borrower experience. From point-of-sale through post-closing Mortgage Cadence offers reliable software and dedicated people, supporting lenders every step of the way.