Primary Capital Selects LoanQuest LOS
MortgageFlex Systems Inc. has been chosen by Primary Capital to replace their current loan origination system with LoanQuest. Known in the financial services industry for their dedication to customer service, Primary Capital is headquartered in Atlanta, Ga. and currently operates in 16 states. Primary Capital offers both retail and wholesale lending services. After a thorough due diligence process, Primary Capital selected MortgageFlex to provide a replacement mortgage loan origination system (LOS) for their retail mortgage offering and their expanding wholesale operations. “We have explored all LOS options over the past three years, and finding a solution that would require minimal immediate customization was a primary goal,” said George Phelps, executive managing director of Primary Capital. “MortgageFlex has smart, modern technology that already operates with 95 percent of the processes we manually tailored to make our existing LOS function the way we required. Finally joining the world of .NET is an exciting change, offering our developers abundant future possibilities.” MortgageFlex’s LOS, LoanQuest, has comprehensive lending functionality, including the latest workflow tools, embedded product and pricing and business rules, that work together to drive and validate compliance. Third-party origination (TPO) access to the LOS is provided via consumer and wholesale Web portals. “MortgageFlex welcomes Primary Capital to our customer family and we’re gratified that LoanQuest ‘s new technology is providing them with a foundation for change,” said Craig Bechtle, chief operating officer of MortgageFlex Systems. LoanQuest offers automation at a granular level and calls for services at the system level. Workflow Foundation permits normally isolated technology components like Business Rules engines, imaging centers and workflow maps to be used together forming a conjunction that was never available before.