Cascade Financial Services Selects Alight Mortgage Lending™
Agency and manufactured home lender and servicer signs with Alight for what-if scenario analysis and dynamic forecasting.
Alight, Inc., a leading provider of cloud-based applications for real-time, dynamic scenario comparison and analysis, today announced that Arizona-based Cascade Financial Services, a manufactured and modular home lender, has selected Alight Mortgage Lending for continuous reforecasting and planning.
Alight Mortgage Lending gives management teams the ability to see the financial impact of decisions, before they’re made. Alight imports data from across the enterprise so teams can run forward-looking what-if scenarios to see how a shift in market conditions or a change in operations will affect P&L, balance sheet and cash flow.
“We need to be able to provide our private equity investors accurate and meaningful financial forecasting and modeling on a daily basis,” said Michael Jones, CFO, Cascade Financial. “We’ll use Alight’s scenario analysis to better understand the ripple effects of changes in pull-through rates, as well as expense and revenue triggers, to maximize profitability.”
With Alight Mortgage Lending, Cascade will be able to better measure the excess servicing for future securitization purposes. Because Alight is cloud-based—accessible from anywhere, anytime and from any device—management will be able to make decisions in real time.
“Alight’s what-if scenario analysis can help firms better serve the forecasting and reporting requirements of investors,” said Jared Huff, Managing Director of Financial Services at Alight. “We’re pleased to help the Cascade team implement robust financial planning and scenario analysis, refine their reporting processes and optimize servicing portfolio growth to move them toward their goal of securitization in 2018.”
About Alight, Inc.
Alight, Inc. is the leading provider of industry-specific, cloud-based applications that give customers the power to see the financial impact of every decision, before they make it. Alight works with firms in mining, mortgage banking and other industries. For more information: alightinc.com.
About Cascade Financial Services
Cascade is a leader in financing for manufactured and modular homes with high customer satisfaction ratings and an A+ rating with the Better Business Bureau. Cascade is proud to offer a full suite of modular and manufactured home financing options including government insured, conventional, and chattel home loans. Cascade is a full service mortgage banker offering a complete lending platform from origination through servicing, specialized in serving the affordable housing finance needs in the Manufactured Housing space. Cascade was named Regional Lender of the Year in 2015 and 2016 by the Manufactured Housing Institute.