Skip to main content

Avista Solutions announces new Web portal capabilities in Agile LOS

NationalMortgageProfessional.com
Oct 22, 2009

In response to preferences long expressed by consumers to lenders, Avista Solutions, an award-winning developer of the Avista Agile loan origination software system (LOS), has unveiled its completely redesigned consumer website capability that puts much greater functionality into the hands of borrowers. The extensive makeover improves the borrower experience and helps lenders meet the growing desire of consumers to obtain more information and functionality independently when visiting lender websites. The new Web portals are private labeled by Avista and branded to be consistent with the lender’s own Web site. Visitors can submit applications online, obtain automated approvals, receive online disclosures, and if “just looking,” can receive notification when the rates they want are available. Payment calculators, loan type scenarios and other tools are available, with customer-input information feeding directly into the lender’s Avista Agile LOS. Borrowers stay abreast of their loan’s progress with automated email updates and online status, saving expensive and time-consuming phone calls back and forth with the lender’s staff. “Best of all, it works for all the lending business models,” says Avista CEO Mark Phlieger. “Whether originating loans through retail, wholesale or correspondent channels, or all three at once, the new site capabilities are working for lenders around the clock. Borrowers can lock online using the built-in product eligibility and pricing engine, submit through automated underwriting and get immediate decisions and pre-approvals.” Phlieger notes that the redesign was as much an Avista idea as one coming from their lenders. “Our clients told us that their customers have a strong desire to do more online and not always have to talk to a loan officer in order to learn about their options,” he explains. “With the new portal, consumers can do as much or as little as they like, and lenders achieve greater efficiency and reduced workloads.” Other departments benefit from the new automation too, according to Phlieger. “By improving the point of sale tools and making them work better with internal systems like AUS technology (automated underwriting systems), secondary marketing gets a better look down the pipeline at transactions they might not have seen for days or even weeks. Execution improves and so does profitability.” The new portal capabilities, like all Avista Agile LOS products, are delivered over the web, giving lenders all the latest technology without a large upfront investment and the need to worry about servers, data centers and all the other technology burdens. Lenders pay for the technology by the loan, giving them far greater control over expenses. For more information, visit AvistaSolutions.com.
Published
Oct 22, 2009
Houston-Based Stewart Acquires Title First Agency

Ohio-Based Agency Has 20 Offices And Operates in 32 States

Industry News
Jul 28, 2021
Planet Home Lending Reports Total Origination Volume Of $6.8B In Q2 2021

Planet Home Lending's total origination volume reached $6.8 billion in Q2 2021, up 77% from $3.9 billion in Q2 2020.

Industry News
Jul 22, 2021
FHFA Ends Controversial Refinance Fee

The FHFA announced that Fannie Mae and Freddie Mac will eliminate the Adverse Market Refinance Fee for loan deliveries, starting August 1, 2021.

Analysis and Data
Jul 19, 2021
Interfirst Mortgage Launches ONE, Backed By Non-Owner Occupied Properties

ONE is a unique product built on a single interest rate with no adjustments and qualifies off the cash flow of the rental property.

Industry News
Jul 16, 2021
Global Digital Lending Market Projected To Reach $27B By 2028

The Global Digital Lending Platform Market was valued at $7.14 billion in 2020 and is projected to reach $27.07 billion by 2028.

Analysis and Data
Jul 14, 2021
FOMC Discusses Raising Interest Rates

Inflationary pressures have finally forced the Federal Open Market Committee (FOMC) to discuss raising interest rates and tapering its bond-buying program.

Analysis and Data
Jul 14, 2021