Skip to main content

Kennebunk Savings Selects MortgageFlex's LOS

NationalMortgageProfessional.com
Sep 14, 2011

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.”
More from
Tech
Lodasoft Integrates With Black Knight's Optimal Blue PPE

Lodasoft announced its integration with Black Knight’s Optimal Blue PPE to revolutionize loan origination and task automation.

Tech
Jun 21, 2021
FinTech Student Program Provided By UWindsor & Rocket Innovation Studios

University of Windsor partners with Rocket Innovation Studios to foster a pipeline of highly trained professionals who will help advance finance technology.

Tech
Jun 21, 2021
Fraud Detection Transitions To Digital Lending

Mortgage lenders faced $20 billion in mortgage lending fraud exposure last year, according to research from Point Predictive.

Tech
Jun 16, 2021
Radian Expands Integration With Mortgage Cadence

Radian Group Inc. expanded its integration with Mortgage Cadence to include Radian's title and settlement services with the Mortgage Cadence Platform.

Tech
Jun 16, 2021
Zillow Launches Zestimate With Neural Enhancements

Zillow launched major updates to its Zestimate home valuation model, including an updated algorithm.

Tech
Jun 15, 2021
MISMO Releases eMortgage Technology Certification Program

MISMO announced the release of an eMortgage Technology Certification program to assist lenders in finding products that comply with industry standards.

Tech
Jun 15, 2021