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New Mortgage Wholesaler Emerges

Mortgage News

A newly launched wholesale mortgage lender hopes to stand out in the sector with new technology that streamlines the production process.

On Monday, Cardinal Financial Company LP announced that it recently launched a new third-party origination channel.

The business is powered by
Octane, the Charlotte, North Carolina-based firm’s loan origination system.

“Powered by Octane, Cardinal Financial can measure turn times in minutes, not days, and will deliver an experience of unrivaled service, price, and execution to uphold the fundamental importance of the broker in homeownership,” the statement said.

Cardinal Financial Senior Vice President – Director of Third-Party Originations noted in the news release that unlike its competitors, the company has given priority to the needs of mortgage brokers.

Cardinal Financial President Nick Florez added, “We have developed a platform that is designed to make the broker processor’s life easier and create a better, faster experience through automation. Octane creates real efficiencies in the process and removes typical obstacles, allowing the broker to focus on relationship building and origination growth.”

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