{"id":283,"date":"2018-06-01T16:30:20","date_gmt":"2018-06-01T16:30:20","guid":{"rendered":"https:\/\/mortgageflex.com\/?p=283"},"modified":"2020-02-18T19:50:51","modified_gmt":"2020-02-18T19:50:51","slug":"reducing-the-sprawl-in-mortgage-lending","status":"publish","type":"post","link":"https:\/\/mortgageflex.com\/reducing-the-sprawl-in-mortgage-lending\/","title":{"rendered":"Reducing The Sprawl In Mortgage Lending"},"content":{"rendered":"
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JACKSONVILLE, FLORIDA — June 7, 2017<\/strong>\u00a0— MortgageFlex Systems, Inc., an innovative provider of enterprise level loan origination technology, has released a new White Paper entitled \u201cReducing the Sprawl in Mortgage Lending\u201d which speaks to the problems lenders are experiencing when they employ multiple loan origination systems within the same enterprise.<\/p>\n

\u201cWe have been meeting with an increasing number of mortgage executives who are frustrated with the inefficiencies they continue to see with their origination systems,\u201d said Craig Bechtle, chief operating officer, MortgageFlex Systems. \u201cMost lenders have difficulties maintaining a single LOS. \u00a0The challenge is even greater when they have multiple LOS\u2019s because none of their existing systems can handle all the products they offer.\u201d<\/p>\n

In the new paper, the company tracks the evolution of the modern LOS and explains how tech sprawl came to be such a dominant factor in technology management for many lenders. The paper outlines the common problem institutions face when they try to maintain multiple LOSs and proposes a solution.<\/p>\n

\u201cA single LOS should be the goal of every lender,\u201d Bechtle said. \u201cPlatforms exist today that can originate all types of loans, including mortgages, HELOCS, consumer, auto, 203Ks, USDA, 203Bs, construction, bridge, and manufactured housing loans. Relying on a single LOS means the lender has better information on every borrower it serves, giving bank customers the feeling that their financial institution really knows them. It also reduces overall maintenance and training costs.\u201d<\/p>\n

For a copy of the White Paper, visit the company\u2019s website<\/p>\n

About MortgageFlex Systems<\/strong><\/p>\n

MortgageFlex Systems, Inc., Jacksonville, Fla., founded in 1980, provides innovative loan origination and servicing software solutions to the lending industry. Developed entirely in Microsoft .NET, the MortgageFlexONE 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, call 800-326-3539 or visit\u00a0https:\/\/mortgageflex.com\/<\/a>.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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JACKSONVILLE, FLORIDA — June 7, 2017\u00a0— MortgageFlex Systems, Inc., an innovative provider of enterprise level loan origination technology, has released a new White Paper entitled \u201cReducing the Sprawl in Mortgage Lending\u201d which speaks to the problems lenders are experiencing when they employ multiple loan origination systems within the same enterprise. \u201cWe have been meeting with […]<\/p>\n","protected":false},"author":2,"featured_media":265,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4],"tags":[],"yoast_head":"\nReducing The Sprawl In Mortgage Lending - MortgageFlex Systems<\/title>\n<meta name=\"description\" content=\"New White Paper Targets Mortgage Tech Sprawl MortgageFlex executives pen a treatise on the problems with using multiple LOSs\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mortgageflex.com\/reducing-the-sprawl-in-mortgage-lending\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Reducing The Sprawl In Mortgage Lending - 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