Alliance Capital Partners Selects MortgageFlex's LoanQuest RLS; Client Server System Automates All Functions Inherent to the Loan Origination Process.Business Editors MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration Annual Convention & Expo Booth #727 SAN DIEGO--(BUSINESS WIRE)--Oct. 20, 2003 MortgageFlex Systems, Inc., a provider of integrated mortgage automation software announced that Jacksonville, Fla.-based Alliance Capital Partners has chosen MortgageFlex's LoanQuest(R) Residential Lending System (RLS Restless legs syndrome (RLS) A disorder in which the patient experiences crawling, aching, or other disagreeable sensations in the calves that can be relieved by movement. RLS is a frequent cause of difficulty falling asleep at night. ) for originating, underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. , closing and delivering loans. Alliance Capital Partners, one of the nation's largest privately held mortgage banking companies, has $2.0 billion in assets and originates $12 billion in mortgage production annually. Alliance joins MortgageFlex's rapidly growing list of clients using RLS, the core of MortgageFlex's LoanQuest lending platform that manages the loan process from pre-qualification all the way through commitment to secondary marketing. User defined Any format, layout, structure or language that is developed by the user. menus, built-in security and field edits allow the system to be tailored to specific user groups and security levels. The system also provides a tool kit function featuring a Visual WorkFlow Manager that allows the user to modify existing screens and create custom screens. Document printing capabilities enable the user to produce and send documents to the printer, the fax or by email. "As the nation's largest private mortgage banking firm, we needed a scalable system that was accurate, fast and able to handle a variety of Alliance's production units ranging from pricelinemortgage to Everbank to portfolio retention," said Patrick McEnerney, Executive Vice President of Alliance Capital Partners. "We found LoanQuest RLS to be the most suitable solution for our rapidly growing family of companies." "Our system is fully scalable and sophisticated enough to manage the most complex business needs, and yet can be used as an 'out-of-the-box' product," Lester Dominick, president of MortgageFlex said. "We have become a very strong player in the mortgage arena, and having Alliance select us as its partner is a true testament to the functionality and flexibility of the LoanQuest RLS. We look forward to a long relationship with such a well-respected organization." About Alliance Capital Partners Alliance Capital Partners, Inc. is a $2.0 billion unitary unitary pertaining to a single object or individual. thrift holding company headquartered in Jacksonville, FL. One of the nation's largest private mortgage banking companies, Alliance serves the North Florida commercial and banking market and homeowners nationwide through First Alliance Bank, Everbank and Alliance Mortgage Company. Alliance also provides mortgage and banking products for a variety of business partners, including priceline.com, through its pricelinemortgage internet joint venture; The Bank of New York The Bank of New York, abbrieviated to BNY, was a global financial services company that existed until its merger with the Mellon Financial Corporation on July 2, 2007.[1] The bank now continues under the new name of The Bank of New York Mellon Corporation. , through its BNY BNY Bank of New York Mortgage Company retail joint venture; and thousands of mortgage brokers, financial advisors and real estate agents through its Wholesale Production, Everbank Advisors and OnePipeline business units. Through its banking and mortgage companies, Alliance serves 300,000 customers, originates approximately $12 billion of annual mortgage production, services approximately $27 billion in loans and employs nearly 1,500 people. For more information about Alliance, visit www.firstalliancebank.com. About MortgageFlex Systems, Inc. MortgageFlex Systems, Inc. (MFX MFX Metzler Fund Xchange MFX Multi Effects MFX Midi Effects ) 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 Coming from a Web server. See Web application. products, to mortgage companies and lending institutions Noun 1. lending institution - a financial institution that makes loans financial institution, financial organisation, financial organization - an institution (public or private) that collects funds (from the public or other institutions) and invests them in . For information about products and services, visit www.mortgageflex.com. |
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