MortgageFlex Releases Next Generation LOS
MortgageFlex Systems Inc., a provider of mortgage lending solutions for more than 30 years, has announced the launch of the newest generation of LoanQuest, the company’s flagship enterprise loan origination system (LOS). 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 LOS 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 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 architecture including several technologies not available in earlier versions of .NET. Utilizing world-class components such as Microsoft’s Workflow Foundation and InRule’s Business Rule Engine extend the capabilities of this version of LoanQuest far beyond previous versions and other solutions on the market. As a result, the value of MortgageFlex’s solution has increased substantially. “Lenders are looking to technology to meet their customer service needs in addition to improving their business efficiencies,” said Craig Bechtle, COO of MortgageFlex. “Strict regulatory guidelines demand compliance and market requirements have lenders searching for an origination system that allows consumers easy access while saving the lender time and worry about compliance; we believe this next generation of LoanQuest meets these requirements. Loan quality has always been of paramount importance and now lenders can automate manual tasks by employing smart technology that simplifies and promotes the implementation of processes and services through the use of the rules engine. The melding of other technology features like task automation and business intelligence are accomplished by automating work flow steps together with the rules engine and imaging center which results in reduced labor costs while also improving quality."