radius financial group inc. has announced that is has selected LoanQuest from MortgageFlex Systems for their loan origination software (LOS) needs. Their decision was based on the desire to have an adaptable, modern platform without the back-end hardware costs. The hosted LoanQuest system selected includes the enterprise-level LOS and a Web consumer portal that allows consumers immediate access to loan status.
“Our business needs required a system that is flexible enough to conform to our origination workflow requirements, not the other way around," said Keith Polaski, principal at radius. "LoanQuest proved that it was versatile and could be adapted as needed without significant programming resources."
radius required a cost-effective system that could be tailored to their specific needs and MortgageFlex's LoanQuest met those requirements with its cloud-based hosted option. This unique arrangement gives customers the flexibility to adapt the application without restrictions, a requirement of radius’ LOS selection criteria.
“We understand radius’ business requirements and are confident we will meet and exceed their needs,” said Craig Bechtle, chief operating officer of MortgageFlex. “We’re looking forward to a long and beneficial partnership.”
MortgageFlex offers several hosting options, including transactional and SaaS. The transactional option allows lenders to “pay-as-used” on a per loan basis and is very beneficial for lending organizations that do not have technical infrastructure and support readily available. Hosted options also give lenders high levels of security with SSAE16-certified facilities and full Disaster Recovery sites.
“Not sharing application code gives customers the advantages of premises installation without the hard costs,” said Bill Black, chief information officer of MortgageFlex. “We focus on providing the customer a secure and highly-available platform so the customer can focus on their business.”
