Magazine article Mortgage Banking

Northeast Home Loan Picks MortgageFlex's LoanQuest

Magazine article Mortgage Banking

Northeast Home Loan Picks MortgageFlex's LoanQuest

Article excerpt

Brattleboro, Vermont-based Northeast Home Loan LLC--a subsidiary of Passumpsic Savings Bank, St. Johnsbury, Vermont--announced it is implementing the LoanQuest Loan Origination System designed and marketed by MortgageFlex Systems Inc., Jacksonville, Florida.

Northeast Home Loan provides mortgage loan processing through interim servicing for a select group of banks and credit unions throughout New England. Since its inception, Northeast Home Loan has partnered with 12 participating financial institutions to provide a wide range of home finance options, interest rates and terms to homeowners in Vermont, New Hampshire, Maine, Massachusetts and Connecticut, according to Andy Hadden, chief financial officer for Northeast Home Loan.

The company is taking advantage of "industry downtime to implement the new MortgageFlex system and be prepared for the future," said Hadden. Northeast is also planning to open a correspondent lending channel, and saw LoanQuest as a way to handle both channels, he added.

Hadden praised LoanQuest for its "seamless environment," which will enable Northeast to replace its separate providers for such services as document management, funding, etc. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.