MortgageFlex Systems Inc., Jacksonville, Florida, a provider of loan origination and servicing technology, has been chosen by Primary Capital, Atlanta, to replace Primary Capital's current loan origination system with MortgageFlex's LoanQuest[TM].
Primary Capital, which currently operates in 16 states, offers both retail and wholesale lending services.
After a thorough due-diligence process, Primary Capital selected MortgageFlex to provide a replacement mortgage LOS for its retail mortgage offering and its expanding wholesale operations.
"We have explored all LOS options over the past three years, and finding a solution that would require minimal immediate customization was a primary goal," said George Phelps, executive managing director with Primary Capital. "MortgageFlex has smart, modern technology that already operates with 95 percent of the processes we manually tailored to make our existing LOS function the way we required. Finally joining the world of IMicrosoft[R]] .NET0 is an exciting change, offering our developers abundant future possibilities."
MortgageFlex's LoanQuest LOS has comprehensive lending functionality, including the latest workflow tools, embedded product and pricing and business rules that work together to drive and validate compliance, according to the...