Mortgage Cadence, Denver, announced in a release yesterday that it had added HomeStreet Bank, Seattle, to its client list. The bank will be using the Mortgage Cadence Orchestrator loan origination platform in an attempt to double it's FHA lending volume.
The news highlights two trends that have previously been identified. First, opportunities for FHA lending are certain to spike with fewer subprime options and the blessing of the current Administration. Secondly, technology vendors will be focusing more attention on depository institutions as they are more likely to be capitalized than monoline mortgage lending companies.
Meanwhile, Mortgage Cadence is experiencing some new trends in its human resources department. The company has experienced a bit of a shake up internally over the past couple of months, most notably (to me) in their marketing communications department.
Trevor Gauthier was recently promoted to a position within parent company 3T Systems. Donja Majors and Peter Carter both left the company within the past month. Michael Hammond, formerly a top sales executive at industry PR firm Martopia (and before that Communications Director for Lavonia, Mich.-based Dynatech) is now handling marketing and PR for Mortgage Cadence.