Magazine article Mortgage Banking

Mortgage Cadence Teams with Investment Partner

Magazine article Mortgage Banking

Mortgage Cadence Teams with Investment Partner

Article excerpt

Denver-based Mortgage Cadence LLC, a provider of Enterprise Lending Solutions (ELS), loss-mitigation technology and document services for the financial services industry, announced that Cambridge, Massachusetts-based Monitor Clipper Partners has invested in the company. Berkery, Noyes & Co. Inc. New York, advised Mortgage Cadence on the investment.

The investment provides Mortgage Cadence with the capital to expand its product and service offerings. Through both strategic acquisitions and internal initiatives, the company's growth will enable it to serve a wide range of market participants.

"The driving force behind Monitor Clipper Partners' decision to invest in Mortgage Cadence is our commitment to providing financial institutions with the last lending platform they will ever need," said Michael Detwiler, chief executive officer of Mortgage Cadence. "Mortgage Cadence has thrived over the past 11 years due to our outstanding team and a culture that has always been innovative and adaptive to the industry. We have a deep understanding of the market's needs, facilitating our ability to rapidly deploy solutions that meet the ever-changing demands of our clients. …

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