Kennebunk Savings Selects MortgageFlex's LOS – NMP 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.”
Published
Sep 14, 2011
More from
Tech
Capacity Closes $38M In Series C Funding, Surpasses $62M In Total Capital Raised

AI-powered automation platform, Capacity, announced an additional $27 million in Series C funding, closing out the round at more than $38 million.

Tech
Jan 19, 2022
Bubble Releases Its Insurance-in-a-Box Offering

A new technological innovation straight out of Silicon Valley provides companies home and life insurance an instantaneous online process.

Tech
Jan 17, 2022
OptifiNow And NextUs Lending Announce New Partnership

CRM solutions provider, OptifiNow, announced its latest partnership with Irvine-based non-QM wholesale lender, NextUs Lending.

Non-QM
Jan 13, 2022
Digital Lending Platforms Market Size Undergoes Extraordinary Growth

The global digital lending platform market size is projected to reach $20.31 billion by 2027.

Tech
Jan 12, 2022
Demand For Financial Protection Policies Increase

As the number of claims increased over the pandemic, premiums for financial protection policies rose.

Tech
Jan 12, 2022
loanDepot Wholesale Upgrades mello Broker Portal

loanDepot Wholesale will introduce new upgrades to its mello®Broker Portal to further streamline the closing process for brokers and settlement agents.

Tech
Jan 12, 2022