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Mortgagebot forms referral alliance with MortgageFlex
Apr 30, 2010

Mortgagebot LLC has announced a new pre-ferred referral alliance with Jacksonville, Fla.-based MortgageFlex Systems Inc., a provider of loan origination software (LOS) systems to mortgage lenders nationwide. Under the terms of the agreement, MortgageFlex will recom-mend Mortgagebot’s integrated, multi-channel mortgage-origination platform to its clients and prospects as a preferred solution. “Mortgage lenders are increasingly looking for ways to increase lending volume and reduce costs all while delivering a better borrower experience,” said Dan Welbaum, chief marketing officer for Mortgagebot. “And they’re finding that our advanced mortgage point-of-sale solutions deliver those results. Our alliance with MortgageFlex gives their customers more convenient access to the advanced technology they need to grow their businesses in today’s competitive mortgage market.” Craig Bechtle, executive vice president and chief operating officer for MortgageFlex, said the alliance furthers his company’s commitment to provide efficient, cost-effective solutions—a commitment that began over 25 years ago when MortgageFlex created LoanQuest, one of the industry’s first LOS systems. “As an industry veteran, MortgageFlex has a unique business perspective,” he said. “We’ve seen many vendors come and go, so we choose our partners carefully. We’re confident that this alliance will benefit both of our organizations.” Mortgagebot PowerSite is one of the industry’s leading platforms for mortgage point-of-sale (POS) automation. It handles mortgage applications, pricing, approvals, and disclosures for nearly 950 lenders nationwide—including more than one-third of America’s “Top 100” banks and more than half of the “Top 100” credit unions. PowerSite is a software-as-a-service (SaaS)-based platform—what is being increasing labeled a “cloud computing” solution—which means that it is conveniently and affordably deployed via the Internet, with no PC software for lenders to install or maintain. The new alliance gives MortgageFlex clients ready access to mortgage POS tools from Mortgagebot that can help them serve borrowers better, increase application volume, and maintain full regulatory compliance—which of are all mission-critical business requirements in today’s turbulent marketplace. In addition, MortgageFlex clients that license PowerSite have the option to further boost efficiency by implementing automated integration software, which enables PowerSite application data to be automatically transferred to the LoanQuest Residential Lending System—also known as LoanQuest.NET. “We consider our clients long-term partners,” said John McCrea, vice president, director of business development at MortgageFlex. "This alliance gives them room to grow and a way to extend their reach through a consumer-facing solution that requires minimal time and effort to set up and maintain. Our alliance with Mortgagebot helps us fulfill our clients’ expectations for flexible and comprehensive functionality. PowerSite is very user-friendly, and it can be tightly integrated with LoanQuest—which eliminates redundant data entry. Ultimately, PowerSite helps our clients position themselves to expand their market share.” For more information, visit or
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