Affordable and Flexible System Makes the Difference
Jacksonville, Florida (December 13, 2011) MortgageFlex Systems, Inc., a provider of lending and servicing software solutions since 1980, announced today that the radius financial group inc, Norwell, MA, has chosen the LoanQuest system for their loan origination needs.
The hosted LoanQuest system selected includes the enterprise-level loan origination system 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. LoanQuest proved that it was versatile and could be adapted as needed without significant programming resources,” stated Keith Polaski, principal, radius.
“We understand radius’ business requirements and are confident we will meet and exceed their needs,” said Craig Bechtle, chief operating officer, MortgageFlex. “We’re looking forward to a long and beneficial partnership.”
radius required a cost effective system that could be tailored to their specific needs. MortgageFlex met those requirements with a hosted option that is an exception among the “cloud” offerings in that each client has a distinct instance of the application and their own unique database in a secure, SSAE16 certified facility.
This unique arrangement gives customers the flexibility to adapt the application without restrictions. This was a core requirement of radius’ LOS selection criteria.
“Not sharing application code gives customers the advantages of premises installation without the hard costs,” said Bill Black, chief information officer, MortgageFlex. “We focus on providing the customer a secure and highly-available platform so the customer can focus on their business.”
Customers have the ability to add fields as needed without programming, control and monitor workflow activities, and drive system performance using integrated business rules.
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.
radius also required a system that could integrate easily with existing Xerox Blitz Docs software being used for e-signing and e-delivery. An established system-to-system interface with Blitz Docs has been in place for LoanQuest users for some time.
“We are proud of our partner network and have been very deliberate when selecting our business partners. A strong partner is invaluable and can expand system capabilities exponentially,” Bechtle stated.
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About radius financial group inc. (www.radiusgrp.com)
Founded in 1999, radius financial group inc. is an innovative full service mortgage banker specializing in residential, commercial and private financing. Since its inception, radius has experienced year over year revenue growth, despite the recent credit and housing crisis, and was recently recognized by Inc. Magazine as one of America’s fastest growing companies in 2010, ranking #554 in the Inc 500/5000 list.
Media inquires may be directed to Greg Norcross, Director of Marketing, at 781-742-650
About MortgageFlex Systems, Inc. ( www.mortgageflex.com )
MortgageFlex Systems, Inc., Jacksonville, FL, founded in 1980, provides innovative loan origination and servicing software solutions to the lending industry. Developed entirely in Microsoft .NET, the LoanQuest product platform supports evolving business processes as well as government compliance requirements with business rules, intuitive workflow and an embedded product and pricing engine.
For information about products and services, please call 800-326-3539 or visit www.mortgageflex.com.
Media inquiries may be directed to Joyce Dowling at 904-356-2490, ext. 3260.