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From The Chrisman Commentary
MortgageFlex has successfully launched its new cloud native LOS, with the first client going live at the beginning of June. The new LOS was redesigned entirely and written utilizing the same cloud-native tech stack as the company’s recently released servicing, interim servicing, and default platforms. This release represents the completion of the company’s vision of a full life-of-loan platform utilizing a shared cloud-native tech stack. All products share the same DNA, including architecture, reporting tools, tailoring tools, system administration tools, user interfaces, and third-party integrations. Designed to support mortgages, HELOCS, chattel, and consumer lending, the system provides the ability for lenders and servicers to tailor the system using low-code/no-code tools, create queue-based workflows, add screens/fields, create rules to manage fees and field-level requirements, and utilize default templates. The platform is a much more flexible and cost-effective model than the current outdated legacy platforms. This is the fifth generation of the company’s LOS platform and the industry’s first life-of-loan ecosystem with shared DNA.
To learn more, contact John McCrea, SVP, MortgageFlex Systems.
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