MortgageFlex Announces New Sales Team Member

Jacksonville, Fla. (October 12, 2009) - MortgageFlex Systems, Inc., a leading provider of lending and servicing solutions, announced today that Diane Newland has joined the company as a member of the sales team.

Newland will be responsible for new customer acquisition and business development in the Western United States. She is a 20-year industry veteran with thorough knowledge of the mortgage industry and a strong background in national account development and management.

"Diane brings a wealth of experience and expertise to our sales team," said Lester Dominick, President, and CEO of MortgageFlex. "We're very glad to have her on board and we’re confident she can continue our expansion efforts.”

Prior to joining MortgageFlex, Newland served many years as Executive Vice-President of Business Development/Sales Mortgage Banking with VMP and with Wolters Kluwer Financial Services. Her career has been focused on the execution of business development and sales to the Top 100 of the financial industry.

"LoanQuest gives lenders all the right tools for an industry in turmoil and provides the critical path to leverage the benefits of technology for mortgage production,” Newland said. “I am honored to represent MortgageFlex with its innovative next generation solutions and a long-standing reputation for superior service.”

# # #

About MortgageFlex Systems, Inc.

MortgageFlex Systems, Inc., Jacksonville, FL, founded in 1980, provides innovative loan origination, secondary marketing, and servicing software solutions to the lending industry. 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, Director of Corporate Communications, at 904-356-2490, ext. 3260