{"id":1510,"date":"2023-10-06T12:01:19","date_gmt":"2023-10-06T16:01:19","guid":{"rendered":"https:\/\/mortgageflex.com\/?p=1510"},"modified":"2023-10-09T18:31:46","modified_gmt":"2023-10-09T22:31:46","slug":"mortgageflex-publishes-paper-on-unified-platform","status":"publish","type":"post","link":"https:\/\/mortgageflex.com\/mortgageflex-publishes-paper-on-unified-platform\/","title":{"rendered":"MortgageFlex Publishes Paper on Unified Platform"},"content":{"rendered":"
A look at the benefits the industry could enjoy with a single tech stack?<\/em><\/p>\n Jacksonville, FL \u2014 October 2023 \u2014 <\/strong>MortgageFlex<\/a>, one of the industry\u2019s original mortgage technology developers and creator of the MortgageFlexONE LOS and its companion browser-based mortgage servicing system, announced today that the company has published a new White Paper entitled, \u201cThe Depository\u2019s Secret Weapon: A Unified Loan Origination and Servicing Platform.\u201d In its paper, the company makes the case for every lender to consider servicing their own loans.<\/p>\n \u201cEvery lender we\u2019re visiting with right now is looking for new sources of revenue to shore up lost loan origination revenue,\u201d said Craig Bechtle, COO of MortgageFlex Systems. \u201cIndependent mortgage banks typically do not service their own loans and do not offer non-mortgage banking services. This puts them at a disadvantage to depositories who can do all of that. When they operate on a single tech stack for both origination and servicing, these institutions become an even more significant threat.\u201d<\/p>\n In the paper, the company argues that most lenders are concerned with the high cost to originate, the struggle to get employee adoption of new technologies and the crushing cost of compliance. But Bechtle argues that if they focused on getting the right tech stack, these problems would be simpler to solve.<\/p>\n In its paper, the company outlines reasons each lender must find additional sources of revenue now and where some will find it. When it comes to originating mortgage loans, there are many ways to make income, including origination fees, discount points, closing costs and ultimately gains on the sale of the assets. If the lender holds onto the loan and services the mortgage, there is obviously more money to be made.<\/p>\n MortgageFlex has developed the industry\u2019s first and only unified platform for both mortgage origination and servicing. The MortgageFlexOne is a browser-based LOS that offers significant improvements in all areas of development including bilingual POS\/mobile, the presentation layer, business rule engine, workflow system, communications layer, imaging capabilities, and business intelligence tools.<\/p>\n The MortgageFlexONE servicing platform uses an open, modern sequel database that provides the servicer access to their data at any time. The system includes simple-to-use industry-standard reporting tools. The servicer may also access their data with third-party tools. Further, MortgageFlex makes converting the servicer\u2019s existing data simple.<\/p>\n \u201cThe days of depending upon multiple technology partners for the various core systems required by the mortgage lender are ending,\u201d Bechtle said. \u201cOur software will allow them to do that with the help of a single technology partner and a unified tech stack. Our session will give them the information they need to sharpen their pencils and grow their membership.\u201d<\/p>\n To get a free copy of the new White Paper, you can download it here<\/a>.<\/p>\n About MortgageFlex<\/strong><\/p>\n MortgageFlex Systems develops smart software solutions for the mortgage industry, offering the most cost-effective mortgage loan origination system and servicing software for retail, wholesale, and correspondent channels. The company offers the industry\u2019s only tightly integrated origination and servicing software, along with 24\/7 support, hosting, managed services, and implementation.<\/p>\n MortgageFlex Systems looks to cultivate a strong partnership and is dedicated to helping reach your optimal potential with our LOS, MortgageFlexONE- “The New Peak of Efficiency.”<\/p>\n \n","protected":false},"excerpt":{"rendered":" A look at the benefits the industry could enjoy with a single tech stack? Jacksonville, FL \u2014 October 2023 \u2014 MortgageFlex, one of the industry\u2019s original mortgage technology developers and creator of the MortgageFlexONE LOS and its companion browser-based mortgage servicing system, announced today that the company has published a new White Paper entitled, \u201cThe […]<\/p>\n","protected":false},"author":2,"featured_media":1505,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"