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.”
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Natasha Chilingerian
Natasha Chilingerian has been immersed in the credit union industry for over a decade. She first joined CU Times in 2011 as a freelance writer, and following a two-year hiatus from 2013-2015, during which time she served as a communications specialist for Xceed Financial Credit Union (now Kinecta Federal Credit Union), she re-joined the CU Times team full-time as managing editor. She was promoted to executive editor in 2019. In the earlier days of her career, Chilingerian focused on news and lifestyle journalism, serving as a writer and editor for numerous regional publications in Oregon, Louisiana, South Carolina and the San Francisco Bay Area. In addition, she holds experience in marketing copywriting for companies in the finance and technology space. At CU Times, she covers People and Community news, cybersecurity, fintech partnerships, marketing, workplace culture, leadership, DEI, branch strategies, digital banking and more. She currently works remotely and splits her time between Southern California and Portland, Ore.
