The mortgage lending platform prime+, a product from Prime Alliance Solutions, Inc. of Edina, Minn., is now called Symphony as a result of Denver-based mortgage technology company Mortgage Cadence LLC’s June acquisition of Prime Alliance, Mortgage Cadence announced.
Symphony joins Orchestrator, Finale, Opus and Reprise as a new member of Mortgage Cadence’s family of mortgage lending solutions, the company said.
At the time of its acquisition, Prime Alliance operated as a CUSO and served around 600 credit unions. Mortgage Cadence specializes in providing enterprise lending solutions, document services, compliance and default servicing technology to financial services industry clients, including credit unions.
“Symphony, known to credit unions nationwide as prime+, produces proven efficiencies and yields real cost savings,” said Dan Green, executive vice president of marketing for Mortgage Cadence. “Its track record of constant innovation over the past decade fits perfectly with Mortgage Cadence’s history and philosophy of perpetual invention.”
Launched by Prime Alliance in 2001, prime+ started out as an online origination portal and grew over the years to include complete loan processing capabilities, loan documents, secondary marketing capabilities and imaging. In December, Symphony will debut a new consumer portal, according to Mortgage Cadence.
“Prime+ was an important element in our Prime Alliance acquisition, adding strong capabilities to our already robust suite of products,” added Mike Detwiler, CEO for Mortgage Cadence. “Having it join our line-up of industry leading technologies affirms our commitment to the platform as well as the customers it serves.”