Liberty Bank Selects Accenture for Advanced Loan Origination Technology to Harmonize Systems and Boost Efficiency
August 26 2015 - 8:03AM
Business Wire
Accenture Mortgage Cadence software to provide
flexibility, innovation and compliance functionality
Liberty Bank has selected mortgage origination software from
Accenture (NYSE:ACN) 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.
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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.
“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.
About Liberty Bank
Established in 1825, Liberty Bank is Connecticut’s oldest bank,
with more than $3.9 billion in assets and 49 banking offices
throughout the central and shoreline areas of the state. As a
full-service financial institution, Liberty offers consumer and
commercial banking, home mortgages, insurance, and investment
services. Liberty maintains a longstanding commitment to superior
personal service and unparalleled community involvement. For more,
go to www.liberty-bank.com, or www.facebook.com/liberty.
About Accenture
Accenture is a global management consulting, technology services
and outsourcing company, with more than 336,000 people serving
clients in more than 120 countries. Combining unparalleled
experience, comprehensive capabilities across all industries and
business functions, and extensive research on the world’s most
successful companies, Accenture collaborates with clients to help
them become high-performance businesses and governments. The
company generated net revenues of US$30.0 billion for the fiscal
year ended Aug. 31, 2014. Its home page is www.accenture.com.
Accenture Software combines deep technology acumen with industry
knowledge to develop differentiated software products. It offers
innovative software-based solutions, like Accenture Mortgage
Cadence, to enable organizations to meet their business goals and
achieve high performance. Its home page is
www.accenture.com/software. Accenture Mortgage Cadence serves as
the core mortgage loan-origination platform for Accenture Credit
Services, a business service providing consulting, technology and
outsourcing services to the residential mortgage, commercial
lending, leasing and automotive finance industries.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20150826005031/en/
AccentureJulie Bennink, +
1-312-693-7301julie.l.bennink@accenture.com
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