The first customers are expected to be online by December of this year. Lenders can subscribe to MortgageFlex Systems' software applications hosted in their ASP center.
Clients can access the applications through the Internet or dedicated communication lines.
MortgageFlex Systems' ASP services include the servicing and maintaining of all necessary hardware, telecommunications equipment and software located in the ASP center. This also includes administration of the client's Oracle databases and telecommunication network. The services are available in a variety of subscription plans and service levels. The execution of this strategy begins with the opening of an ASP data center that is not only capable of high volume transaction processing, but can be quickly adapted with new hardware and software as technology changes. The center was built to specifications required to be in compliance with all bank audit requirements.