LOS Offers Partner’s Secondary-Market Expertise

In a collaborative move intended to broaden the scope of business for both firms, MortgageFlex Systems Inc. will begin offering the secondary-market expertise of Precision Risk Management Systems Inc. to customers of its residential mortgage technology.

Through this partnership, MortgageFlex customers will gain new financial capabilities, including point-of-sale and delivery of loans into the secondary market through a fully managed lender pipeline, the company says.

‘We're excited about this partnership," says Craig Bechtle, chief operating officer of MortgageFlex. "The integration with Precision Risk gives our customers the latest risk management functionality, as well as the option of benefiting directly from Precision's managed hedge service."

SOURCES: MortgageFlex, Precision Risk Management Systems

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