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Fidelity and Trust Mortgage Uses MortgageFlex Servicing.(MortgageFlex Systems Inc.)

Mortgage Servicing News

| June 01, 2006 | COPYRIGHT 2006 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Jacksonville, FL -- MortgageFlex Systems Inc. has added Fidelity & Trust Mortgage, Chevy Chase, Md., as a customer for its new LoanQuest Servicing system.

The system, powered by Web-based technology, "appealed to us because of its seamless integration with origination," said Mike Wallace, F&T's manager of servicing, in a news release. The company already uses the LoanQuest Residential Lending System from MortgageFlex to automate their loan origination process.

"We liked the origination system with its marketing and other functions all inclusive and integrated with custom options," said Mr. Wallace. "Everything was together rather than piecemeal and cobbled together."

A wholly owned subsidiary of Fidelity & Trust Bank, F&T Mortgage originates, underwrites, funds and sells all its residential mortgage loans, which totaled just over $1 billion last year, through offices in North Carolina, Virginia, Bethesda and Gaithersburg, Md., as well as several satellite offices in those areas.

According to Mr. Wallace, the company has gone "live" this month, after ...

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