MortgageFlex Systems, Inc.
MortgageFlex is a life-of-loan solution from origination through payoff. It is the only system built on the same tech stack with the same DNA. As a result, data is seamlessly shared between origination and servicing so that customers can easily tap equity, refinance, or take out a new loan. Also, cross-training employees on both systems is easily accomplished.
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MortgageFlex Systems was founded for one reason – to simplify mortgage lending. After all these years, we’re still focused on the mortgage industry and dedicated to providing lenders with smart software solutions.
To accomplish our mission, our team is comprised of mortgage and software development experts. Most of our staff members have more than 10 years of experience, with many edging to the twenty-year mark. We cultivate a strong cross-learning culture with shared responsibilities and we’re dedicated to our customer’s success.
MortgageFlex has experience working with all types of lenders, ranging from mid-size to very large. Over the years, we have worked with customers who have some of the most experienced and competent compliance departments and regulatory organizations in the industry, including HSBC, Merrill Lynch, Household Finance, Goldman Sachs, Lehman Brothers, PeoplesUnited Bank, Lake Michigan Credit Union, Credit Human, EverBank, Key Bank, KB Home, MBA, HUD, CFPB, Manufactured Housing Institute, Symmetry Lending, GECU, Dollar Bank, and many others. etc.
Highlights
MortgageFlex has been in the LOS space for over 35 years and has evolved our Tech Stack 4 times. When we looked at the servicing space, we saw the opposite, dominated by 5o plus year old cobbled-together solutions that are keeping smaller lenders from entering the space and maintaining the subservicers' dominance by using the exact solutions. We are out to change the paradigm with the industry's first cloud-native servicing system. We are a complete end-to-end servicing system that is an FNMA/FMCC/GNMA investor-certified solution that was released in late 2022. When we looked at the space, we saw the needs were for a system that had the following six components built with the same DNA on the same normalized SQL database that were included in the base system, not expensive add-ons. They are:
Full Servicing
Full Default workflows following the GSE waterfalls for loss mitigation, foreclosure, and bankruptcy time management across all 50 states.
Full imaging/OCR
Borrower Portal
Built-in Report tools and 100% free real-time data access.
One-line Hardship Application Process in the borrower portal
Details
Vendor Category
Servicing Platforms
Pricing Model
Subscription-Based Pricing
Works well with
Overview
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Product comparison
MortgageFlex Systems, Inc.
Wilqo
Evolve Mortgage Services
Overview
MortgageFlex Systems, Inc.
MortgageFlex makes servicing retention possible with efficient, cost-effective, cloud-native servicing and default systems for servicers of any size. While the industry says you must be a specific size to handle servicing retention, we are changing that.
Your POS, LOS, AI-Driven Workflows, Business Intelligence, and more, all in one innovative platform.
Your trusted partner for onshore, outsourced mortgage operations with 25+ years of experience
Highlights
MortgageFlex has been in the LOS space for over 35 years and has evolved our Tech Stack 4 times. When we looked at the servicing space, we saw the opposite, dominated by 5o plus year old cobbled-together solutions that are keeping smaller lenders from entering the space and maintaining the subservicers' dominance by using the exact solutions. We are out to change the paradigm with the industry's first cloud-native servicing system. We are a complete end-to-end servicing system that is an FNMA/FMCC/GNMA investor-certified solution that was released in late 2022. When we looked at the space, we saw the needs were for a system that had the following six components built with the same DNA on the same normalized SQL database that were included in the base system, not expensive add-ons. They are:
Full Servicing
Full Default workflows following the GSE waterfalls for loss mitigation, foreclosure, and bankruptcy time management across all 50 states.
Full imaging/OCR
Borrower Portal
Built-in Report tools and 100% free real-time data access.
One-line Hardship Application Process in the borrower portal
- POS and LOS functionality in one platform: No bolted-on solutions requiring uploading and downloading of information; borrower is active in the same space as the rest of the organization; reduced admin.
- Embedded Business Intelligence: proactively address small issues and identify the next areas of improvement without having to leave the platform!
- Dynamic, modern UX: easy on the eyes for your borrowers and internal team members! Our workflows only show users what's needed based on their role, less noise results in faster decision making.
- Parallel Activity Workflows: Multiple people can work on different parts of the loan at the same time via activities! When work becomes available, the next resource who is available can start!
- Configurable Workflows: Stay with traditional roles or move to an efficient activity-based queue. No need for new tech to do both.
- Proactive Compliance: Integrated disclosures and compliance timers allow you to stay on track without manual oversight
- Speed: did we mention our software is LIGHTNING FAST!? Instantaneous screen loads... get your head into the loan in seconds... enjoy the ride!
- Contract underwriting
- Closed loan reviews and due diligence
- TPR Reviews
- Approved by all major rating agencies for RMBS third-party reviews
- Quality guaranteed and backed by Lloyds of London insurance policy
- Brooks Systems - digital compliance since 1983
MortgageFlex Systems, Inc.
Customer reviews
MortgageFlex Systems, Inc.
Wilqo
