One of the Nation's Largest Insurance Providers Teams With 3t Systems and Mortgage Cadence to Establish Nationwide Mortgage Banking Operations

Insurance Provider to Leverage Insured Customer Base of Millions to

Penetrate Competitive Mortgage Marketplace

    DENVER, Oct. 15 /PRNewswire/ -- 3t Systems, Inc., Colorado's largest
 privately held IT consultancy, and Mortgage Cadence, Inc., a leading
 provider of enterprise lending solutions (ELS) for the financial services
 industry, announces the successful launch of the Mortgage Cadence product
 suite, providing the foundation for a nationwide insurance company to
 establish a mortgage banking operation. The new bank will leverage and
 capitalize upon their well established brand and customer base to gain
 momentum quickly within the mortgage marketplace.
     The well known organization operates nationally with tens of thousands
 of agents across the U.S. The new banking operation currently functions as
 a "virtual" Internet bank, leveraging a 16,000+ agent network. While the
 agent office serves as a point of consumer contact, business is conducted
 via the Internet, over the phone and through the mail. The banking
 operation offers a full range of consumer products including deposit and
 small business products, credit cards, mortgage, home equity and vehicle
 loans.
     3t Systems and Mortgage Cadence's suite of products have empowered the
 organization by bringing their mortgage loan origination operation in
 house. 3t Systems successfully implemented the full Mortgage Cadence
 product suite in just under 12 months, leveraging their out-of the-box
 Retail Base Configuration as a starting point. These pre-configured
 services were designed by 3t Systems to control the cost of implementation,
 shorten the implementation cycle of Mortgage Cadence and significantly
 improve an organization's time-to-market. 3t Systems' solutions also
 included integrating Mortgage Cadence with the bank's internal point of
 sale (POS) system, allowing a lead to pass all the way through the POS
 system to the secondary market. Paramount to the success of this project
 was the collaborative relationship between 3t Systems and the banking
 operation's business and IT stakeholders.
     "This was the largest full scale Mortgage Cadence product suite
 implementation in the history of our two companies," stated Eddie Speir,
 managing partner of 3t Systems. "By leveraging the advanced technology of
 Mortgage Cadence's ELS product suite and the expertise of the 3t Systems'
 implementation and consulting staff, one of the largest enterprises in the
 country was able to reach a goal that had previously been unachievable;
 establishing themselves as an Internet bank."
     After 10 months of evaluation and due diligence, the insurance firm
 chose Mortgage Cadence Orchestrator due to the combination of the product's
 business rules management system for automation, native workflow tools,
 along with the ability to augment the system's base functionality
 requirements to meet ever-changing business needs. The Mortgage Cadence
 Captivus solution provides an imaging and document management platform that
 helps drive down the cost per loan and increase operational efficiencies.
 The Mortgage Cadence Finale solution is an integrated "lights-out" document
 preparation platform with secured Web delivery and eFulfillment options.
 The realization of their technical requirements combined with the mortgage
 expertise of the joint Mortgage Cadence/3t Systems team, gave the banking
 organization confidence that they would succeed in achieving their goals in
 under less than a year's time.
     "With changes to the current lending environment, many large firms are
 finding themselves at a crossroad," stated Michael Detwiler, CEO of
 Mortgage Cadence. "Either they continue processing loans with their legacy
 lending platforms or they upgrade to new technology and take advantage of
 additional functionality that will enable them to process loans more
 efficiently and effortlessly while managing their risk. The insurance firm
 understood the need to increase their bottom line without sacrificing their
 lending requirements. With the implementation of the Mortgage Cadence
 product suite, they will not only witness immediate return on their
 investment, but will also be positioned for future growth on the last
 lending platform they will ever need."
     About 3t Systems
     3t Systems provides broad technical expertise and deep industry
 knowledge to assist clients in achieving their business objectives with
 technical solutions. Since 1994, 3t has teamed with more than 1000 clients
 across such industries as finance, mortgage, healthcare, government, and
 education, serving small to enterprise operations. 3t services include
 advanced infrastructure, unified communications, enterprise content
 management, enterprise application integration, information security, and
 managed services. 3t is recognized as Microsoft Gold, Cisco Premier, and
 Citrix Platinum partner. To learn more, please visit us on the Web at
 http://www.3tsystems.com.
     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.
     The Mortgage Cadence product suite includes:
     --  Mortgage Cadence Orchestrator(TM) -- enterprise lending solution
     --  Mortgage Cadence Captivus(TM) -- enterprise content management (ECM)
         and imaging
     --  Mortgage Cadence Finale(TM) -- document preparation and delivery
 
     Contact:  3t Systems, Inc.
     Trevor Gauthier
     AVP Marketing
     303.991.8337
 
     Mortgage Cadence
     Michael Hammond
     Chief Marketing Officer
     303.967.1904
 
 

SOURCE 3t Systems, Inc.