The FINANCIAL — Liberty Bank has selected mortgage origination software from Accenture in order to simplify its processes, improve efficiency, and enhance its compliance capabilities. The bank will be using Accenture Mortgage Cadence Enterprise Lending Center, a mortgage origination platform designed to increase flexibility and deliver a better experience to borrowers.
Based in Middletown, Connecticut, Liberty Bank serves more than 125,000 consumer and business households and sought a technology provider capable of consolidating their current consumer mortgage processes and products into one all-encompassing solution while providing a superior borrower experience. The rules engine included with Enterprise Lending Center couples high-powered workflow and validation with configurable compliance-driven checkpoints, according to Accenture.
“While we have seen steady growth throughout the years, we were searching for a centralized system capable of functioning as the nucleus, tying our various systems together in a harmonious manner,” said Thomas Hylinski, Executive Vice President of Retail Lending, Liberty Bank. “Now that we are live on the product suite, it has become very apparent that Accenture Mortgage Cadence’s platform will give us the lift we were looking for while providing advanced functionality that will allow us to more efficiently serve our customers – all while maintaining compliance.”
The Enterprise Lending Center’s complementary product suite quickly proved to be a differentiator in Liberty Bank’s search for a new loan origination system. To create a smooth origination experience for lenders and borrowers alike, the accompanying product suite, including the Document Center, Imaging Center, and Borrower Center further streamline all document and consumer-facing processes through rules and workflow. This, combined with Enterprise Lending Center’s ability to provide seamless integration to third-party vendors was something no single provider could compete with.
“We take a tremendous amount of pride in our work and forming deep relationships with our clients, which has allowed us to exceed Liberty Bank’s expectations,” said Trevor Gauthier, managing director of Accenture Mortgage Cadence. “Going live is just the first step as we collaborate with Liberty Bank, innovating to accelerate the mortgage process for the ultimate benefit of the borrower.”
Liberty Bank successfully went live on the Enterprise Lending Center platform in June 2015. Liberty Bank’s clear vision, combined with the expertise of the Accenture Mortgage Cadence team, created a strong foundation throughout the implementation process.
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