West Michigan based core processor, CU*Answers, announced a 30% growth in the number of Symphony mortgage application and processing sites through Accenture/Mortgage Cadence.

Since 2006, CU*Answers has been a reseller of the first cloud-based, inclusive mortgage lending solution to the credit union industry offered by Prime Alliance Solutions, Inc. – since 2012 part of Accenture/Mortgage Cadence. Over the fiscal year 2013, the number of individual sites built and supported by CU*Answers’ Lender*RE team increased from 41 to 53, representing a 30% increase. These sites, generated 9657 mortgage applications and 4867 mortgage closings, with a combined volume of $500 million for both individual clients and CUSO’s.

CU*Answers continues to strengthen partnerships that offer tools for credit unions to increase their real estate lending business. The relationship with Mortgage Cadence has enabled our client credit unions to offer a fully compliant system that enhances the borrowing experience for members through the online portal for applications and electronic disclosures, while increasing pipeline management, processing efficiency and profitability.