Franklin Financial Chooses MortgageFlex LOS

in Financial, Ladera Ranch, Calif., has chosen the LoanQuest Residential Lending System from MortgageFlex Systems Inc., a provider of lending and servicing system solutions, for its loan origination needs. Franklin Financial is returning to mortgage banking after a period of loan brokering, requiring a ‘revamping of systems and procedures,’ according to Gretchen Verdugo, chief financial officer. The selection of LoanQuest reflected Franklin Financial's confidence that the technology can be "deployed quickly, and MortgageFlex is best suited to meet our needs as we continue to expand and grow our business," she adds. Verdugo cites a number of end-to-end capabilities in the new system, including origination, client management, interfaces with third-party vendors, funding and selling/securitizing mortgages. "We will be able to upload all loan-level information with respect to pipeline and fundings and internal, as well as third-party costs, enabling us to track profitability by channel," she says. MortgageFlex will be hosting the application in its SAS 70 II certified data center and providing professional services for product and loan program setups. SOURCE: Mortg


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