Mortgagebot LLC, a provider of point-of-sale (POS) solutions, and MortgageFlex Systems, a provider of loan origination software, have formed a referral alliance. Under the terms of the agreement, MortgageFlex will recommend Mortgagebot's integrated, multi-channel origination platform to its clients and prospects as a preferred solution.
The alliance gives MortgageFlex clients ready access to mortgage POS tools from Mortgagebot that the companies say increase application volume and maintain full regulatory compliance. In addition, MortgageFlex clients that license MortgageBot's PowerSite platform have the option to implement automated integration software, which enables PowerSite application data to be automatically transferred to MortgageFlex's LoanQuest Residential Lending System.
"We consider our clients long-term partners, and this alliance gives them room to grow and a way to extend their reach through a consumer-facing solution that requires minimal time and effort to set up and maintain," says John McCrea, vice president and director of business development at MortgageFlex.