American Mortgage News

St. Petersburg, Fla. (Oct. 4, 2007) - Raymond James Bank has purchased the LoanQuest™ Residential Lending System from MortgageFlex Systems, Inc. of Jacksonville, Fla.
Raymond James Bank is part of Raymond James Financial, Inc., a nationwide financial services company, offering diversified banking products to the public and to clients of Raymond James Financial and partners with other institutions for commercial loan business.
“We wanted to upgrade to a system with more functionality and the capability to manage diverse business processes,” said Darlene McConnell, Senior Vice President, Lending, Raymond James Bank. “LoanQuest met and exceeded those requirements.”
The Residential Lending System is a customer-centric loan origination system (LOS) that automates all functions inherent to the loan origination process, taking a loan from pre-qualification all the way to commitment to secondary marketing.
Raymond James is committed to providing innovative and versatile first mortgage programs, personal loans, corporate and real estate banking products and deposit accounts, meeting client needs on a national basis. To meet these needs they needed a new system that could be implemented quickly and efficiently. MortgageFlex’s outstanding implementation history played a major part in the selection process.
‘The LoanQuest product platform provides a stable and efficient growth base that will meet our needs now and into the future,” stated Sheryl Williams, Vice President, Loan Operations, Raymond James Bank. “We’re confident that MortgageFlex has the experience and skill sets to meet our implementation requirements.”
In an environment where the banking industry is advancing on securities firms by offering brokerage services, Raymond James has accomplished the opposite.
“The mortgage industry is experiencing some very challenging times, however we remain committed to our client’s ever changing needs and keeping our focus on their day-to-day business requirements,” said Ted Morse, Executive Vice President of Sales and Marketing for MortgageFlex Systems. “Welcoming Raymond James Bank to our client family is the latest evidence of that success.”

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About Raymond James Financial
Founded in 1962 and a public company since 1983, Raymond James is a diversified financial services holding company with subsidiaries engaged primarily in investment and financial planning, in addition to investment banking and asset management.

About MortgageFlex Systems Inc.
Founded in 1980, MortgageFlex Systems, Inc., USA, Jacksonville, Florida, is a leading provider of innovative software and systems solutions for the lending industry. The LoanQuest product platform includes Web-based B2C and B2B access, Point of Sale access, a full-featured LOS, an advanced Secondary Marketing system, and a web-based Servicing and REO system. For information about products and services, visit www.mortgageflex.com. Media inquiries may be directed to Joyce Saunders at 904-356-2490, ext. 3260.