Jacksonville, Fla. (September 13, 2011) – MortgageFlex Systems, Inc., an innovative provider of loan origination and servicing technology, announced today that Kennebunk Savings Bank, Kennebunk, Maine, has chosen the MortgageFlex loan origination system for their lending needs.
Kennebunk Savings provides a full range of financial services with offices serving Southern Maine and Seacoast New Hampshire and required a single system that could support consumer lending and mortgages. The new system will be used in all 15 branches to originate consumer and mortgage loans.
MortgageFlex’s loan origination system (LOS) supports all lending channels, including consumer loans in a single database. The advantages of using one database repository are numerous and include the elimination of data redundancies, real-time data access and accurate business intelligence.
According to Loan Systems Administration Manager, Officer, Patricia Pratt, Kennebunk needed a system that would help streamline current processes to work more efficiently, one that was compliant, user friendly and customizable. “After an exhaustive search we found that MortgageFlex met all of our needs. Finding a system that is quick to respond to the ever changing regulatory demands was important to us,” Pratt stated.
The MortgageFlex LOS is a full featured, enterprise level system that is consistently updated to accommodate regulatory changes. MortgageFlex hosts monthly customer calls to discuss system changes and any recent compliance requirements and listens to the real needs of their customers.
“One of the things that impressed me with MortgageFlex is their willingness to involve their clients in decisions that need to be made to the system that directly impact them, especially from a regulatory standpoint. We heard nothing but glowing reviews from clients about their performance during the 2010 RESPA changes,” Pratt continued.
“Our LOS provides lenders with regulatory peace of mind by being efficient and compliant with continuous updates,” said Craig Bechtle, chief operating officer, MortgageFlex. “We are very gratified that our customers feel confident in their lending technology and we look forward to a long partnership with Kennebunk Savings Bank. ”
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About Kennebunk Savings Bank (www.kennebunksavings.com )
Kennebunk Savings is a mutual savings bank that was founded in 1871 in Kennebunk, Maine and serves southern York County and Seacoast New Hampshire. Kennebunk Savings is a full service financial institution that offers personal and business banking products including deposit accounts, mortgages, home equity loans and credit lines; and access to insurance and investment services.