MortgageFlex Systems, Inc., Jacksonville, Fla., a provider of loan origination and servicing technology, announced today that Kennebunk Savings Bank, 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.
“Our LOS provides lenders with regulatory peace of mind by being efficient and compliant with continuous updates,” said Craig Bechtle, chief operating officer, 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.”
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.
According to Loan Systems Administration Manager, Officer, Patricia Pratt, Kennebunk needed a system that would help streamline current processes to work more efficiently, one that was compliant, user friendly and customizable.
“After an exhaustive search we found that MortgageFlex met all of our needs. Finding a system that is quick to respond to the ever changing regulatory demands was important to us,” Pratt said.
“One of the things that impressed me with MortgageFlex is their willingness to involve their clients in decisions that need to be made to the system that directly impact them, especially from a regulatory standpoint. We heard nothing but glowing reviews from clients about their performance during the 2010 RESPA changes,” Pratt said.