Clarity Picks MortgageFlex LOS
As credit unions continue to increase their presence in the mortgage origination space, credit union servicer Clarity Member Services announced it has implemented MortgageFlex Systems’ LoanQuest loan origination system (LOS). Clarity, a division of Keyport, N.J.-based United Community Mortgage, originates conventional and government mortgages in all 50 states, acting as a service provider for credit unions. Credit unions originated 38.8% more first-lien mortgages in Q209 compared to Q208, according to Callahan & Associates’ First Look Program market research. Clarity offers mortgage products to credit unions to sell to their members. Jacksonville, Fla.-based MortgageFlex is a nearly 30-year-old software developer that sells LOS, secondary marketing and servicing software products. Write to Austin Kilgore.