MortgageFlex is happy to announce that Common Sense Lending (CSL) in Birmingham, Alabama, has successfully implemented the MortgageFlex suite of new cloud solutions for origination, servicing, and default. 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 enables lenders and servicers to tailor it through using low-code/no-code tools. This allows them to 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 The platform is a much more flexible and cost-effective model than the current, outdated legacy platforms.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.
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