George Mason Mortgage Selects MortgageFlex's LoanQuest Residential Lending System; System Offers High-Efficiency Complete Mortgage Processing

Business Wire, Jan 6, 2005

JACKSONVILLE, Fla. -- MortgageFlex Systems, Inc., a provider of integrated mortgage automation software, announced that Fairfax, Virginia-based George Mason Mortgage, LLC, has chosen MortgageFlex's LoanQuest(R) Residential Lending System.

As part of MortgageFlex's LoanQuest lending platform, LoanQuest Residential is a multi-user system used to originate, process, underwrite, close and deliver loans. It takes loans from pre-qualification all the way to commitment and secondary marketing. Additionally, the system can be tailored to specific groups and security levels with user-defined menus, built in security and field edits.

"Lenders are finding it increasingly challenging to streamline costs, particularly as they are forced to continue advancing technology in order to remain competitive," said Robert Phelps, vice president of sales for MortgageFlex. "LoanQuest offers the functionality to fully automate the loan process, enabling our clients to save time and money. LoanQuest fulfills system requirements by providing the functionality of a true end-to-end loan system."

MortgageFlex's flagship product, LoanQuest(R) is a complete mortgage processing system for originating, processing, underwriting, closing, shipping and secondary marketing of conventional, government and portfolio residential loans. It operates on a single database platform, providing users with reliable, real-time data offering customers enhanced data integrity and mining opportunities and streamlined process management. LoanQuest consists of separate yet integrated products and is the industry's first fully integrated product suite.

With more than 12,000 professionals using the MortgageFlex LOS system, the company has created several modules within its product to ensure solutions for a variety of customers. As part of the LoanQuest suite, customers can capitalize on Windows(R), Web-based and Web-enabled systems for any portion of the loan process.

About MortgageFlex Systems, Inc.

MortgageFlex Systems, Inc. (MFS) is a provider of state-of-the-art software and systems solutions within the lending industry. Founded in 1980, MortgageFlex provides innovative mortgage automation software, including Windows and Web based products, to mortgage companies and lending institutions.

For information about products and services, visit www.mortgageflex.com.