In our most recent White Paper, “A Unified Loan Origination and Servicing Platform,” we went into some detail on the benefits of having both sides of the business on the same tech stack with all the data information in the same database. That paper is still available on our website at no cost.
We’ve all heard about situations where the combination of two systems becomes more valuable than the sum of the parts would suggest. This is definitely such a case.
The MortgageFlex LOS has been in use in the industry for four decades. It has proven its value. But we recently updated our software’s architecture to take advantage of everything the new tools have to offer. In effect, our LOS has experienced a technical metamorphosis over the years, from DOS to Windows, Microsoft.NET and now a fully cloud-native solution.
Start with a Leading LOS
The technologies incorporated in MortgageFlexONE offer significant improvements in all areas of development including bilingual POS/mobile, the presentation layer, business rules engine, workflow system, communications layer, imaging capabilities, and business intelligence tools.
We are a single instance deployment solution. That means a normalized SQL database that is dedicated to each customer. We deploy each client to the Azure Cloud with three environments, Production/Test/Replication. We provide a Geo-Redundancy Model where the entire system is copied to a distant US Azure data center for Disaster Recovery.
We are a rules-based system, so any single field that needs to be verified for HMDA can be and that can also be used in conjunction with third party solutions such as instant HMDA for validation. We also supply standard scripts that will fire off after a loan denial and launch the user into the HMDA screen with field level requirements to ensure it is done at that time.
We offer internal BI and reporting tools that can push to excel/pdf/word/MISMO 3.4 ILAD/MISMO 2.6/XML and we provide the SQL replication to use with any third party reporting/BI tools.
Go the Distance with a Sophisticated Servicing System
The new MortgageFlexONE servicing system is also a technological marvel.
It uses an open, modern SQL database that provides the servicer with access to their data at any time at no extra cost. The system includes simple-to-use industry-standard reporting tools and provides access to third-party tools. Further, MortgageFlex has succeeded in simplifying the conversion of the servicer’s existing data through automated tools and other modern advanced technologies.
The platform is easy for both users and mortgage borrowers. It includes Multilingual consumer facing tools that drive over 80% of all customer service inquiries to the web, saving servicers time and money. For users, it moves away from the 1960’s era green screens that still lie behind most servicing software and work exactly like the modern web apps in use today. There are no transaction codes to memorize to navigate the system. It’s all very intuitive, and work queue based, significantly reducing training time and errors.
Best of all, the updated servicing platform is built on the same intuitive user interface that has made MortgageFlexONE LOS so successful. The flexible design allows services to tailor the solution to meet data consistency and accuracy requirements while enhancing productivity.
Built-in, customizable templates and work queues for Foreclosure, Bankruptcy, and Loss Mitigation, equip the servicer’s staff to navigate any loan scenario with ease. Every step, from due dates to default, resides within the secure, unified platform, providing unparalleled control for even less experienced servicers.
Together, they constitute the only unified mortgage origination and servicing platform available in the industry. You’ll find out why both depositories and IMB’s across the country are seen as a secret weapon for their mortgage division in our white paper.
Download the paper today and contact John McCrea, SVP at MortgageFlex to find out how easy it is to get started and build a stronger mortgage business.