Magazine article Mortgage Banking

MortgageFlex Launches Next-Generation LOS Platform

Magazine article Mortgage Banking

MortgageFlex Launches Next-Generation LOS Platform

Article excerpt

MortgageFlex Systems Inc., Jacksonville, Florida, a provider of mortgage lending solutions, has launched the newest generation of LoanQuest[R], its flagship enterprise loan origination system. The release combines more than 30 years of mortgage lending system functionality and experience with the latest generation of Microsoft[R] technology, according to MortgageFlex.

The origination platform allows lenders to differentiate themselves from the competition by providing a lending solution that meets their unique needs while still being-affordable and easy to maintain. The system provides extensive user-configuration flexibility of the core system and a comprehensive, easy to use tool set for additional system tailoring. The technology platform puts lenders in control of their system functionality--not the vendor. Lenders can build to their strengths while enhancing staff performance, increasing capacity and improving quality and customer service.

During the past three years, MortgageFlex strategically entered into an extensive research and development (R&D) mode to rewrite its LOS from the ground up, including a redesign of the database schema. LoanQuest retains all the functionality developed over the past 30 years while adding significant enhancements that take advantage of the latest technology. LoanQuest has been completely re-engineered utilizing Microsoft's latest version of.NET[TM] architecture, including several technologies not available in earlier versions of.NET.

In laying a new technical foundation that will perform effectively for many years to come, the new technology offers significant productivity and quality-control features, including constantly running compliance logic, a powerful and flexible workflow system, a business rule engine, an imaging system, a product and pricing engine, a network of industry-leading service partners, and support for Web services and MISMO-based interfaces. With LoanQuest, lenders will have peace of mind by being regulatory-compliant, having data continuously updated and validated, eliminating data redundancies, reducing processes and processing time using business rules, automating tasks with workflow and having an enterprise-level system that addresses all lending channels, including retail, wholesale, correspondent and conduit. …

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