MortgageFlex Systems Inc. a provider of loan origination and servicing technology, has announced that Kennebunk Savings Bank, based in Kennebunk, Maine, has chosen the MortgageFlex loan origination system for their lending needs. Kennebunk Savings provides a full range of financial services with offices serving Southern Maine and Seacoast New Hampshire and required a single system that could support consumer lending and mortgages. The new system will be used in all 15 branches to originate consumer and mortgage loans.
MortgageFlex’s loan origination system (LOS) supports all lending channels, including consumer loans in a single database. The advantages of using one database repository are numerous and include the elimination of data redundancies, real-time data access and accurate business intelligence.
“After an exhaustive search, we found that MortgageFlex met all of our needs," said Kennebunk Savings Bank Loan Systems Administration Manager Patricia Pratt. "Finding a system that is quick to respond to the ever changing regulatory demands was important to us."
The MortgageFlex LOS is a full-featured, enterprise level system that is consistently updated to accommodate regulatory changes. MortgageFlex hosts monthly customer calls to discuss system changes and any recent compliance requirements and listens to the real needs of their customers.
“Our LOS provides lenders with regulatory peace of mind by being efficient and compliant with continuous updates,” said Craig Bechtle, chief operating officer of MortgageFlex. “We are very gratified that our customers feel confident in their lending technology and we look forward to a long partnership with Kennebunk Savings Bank.”