Avista Solutions selected by Axiom Mortgage Bankers Corporation to Implement Web-Based Loan Origination and Product & Pricing Systems

    Avista Solutions selected by Axiom Mortgage Bankers Corporation to Implement Web-Based Loan Origination and Product & Pricing Systems

/24-7PressRelease/ - COLUMBIA, SC, September 21, 2006 - Avista Solutions, a leading mortgage software provider, has been selected by Axiom Mortgage Bankers Corporation to implement the Avista Accelerator Loan Origination System and Avista Advantage Product & Pricing Engine.

"We were looking for an enterprise mortgage lending software. After performing an extensive vender selection process we chose Avista for its end-to-end web based origination functionality," said Mark McKinney, President of Axiom Mortgage Bankers Corporation.

"We are very excited about working with Axiom Mortgage Bankers. I feel that this will enable them to better serve their customers by streamlining the origination process with key components such as product eligibility, online lock, underwriting and closing docs," said Mark Phlieger, CEO of Avista Solutions. "The Avista Solutions implementation team is working with Axiom to not only building a website which will aid to drive their business in the future, but also an outstanding partnership."

The Avista Accelerator loan origination system will allow Axiom's Mortgage bankers to create loan applications online or import them from external loan origination software, as well as order services such as credit and automated underwriting. Online status, pipeline management, originator/lender loan collaboration, disclosures and closing documents via 3rd party document providers are also provided in this B2B system. The lender view allows users access to all of the originator specific services as well as features such as template driven underwriting management. Simple updating of website content for each channel is managed through the user friendly back end administration.

The Avista Advantage Product & Pricing Engine includes a pricing scenario tool which allows Axiom's Mortgage bankers to evaluate borrower loan eligibility and receive a list of qualified products with fully adjusted pricing as well as disqualified products and reasons for disqualification with as few as 12 fields of data. Online locking with fully adjusted pricing and immediate confirmation is also provided. A lender managed eligibility and price adjustment interface allows lenders to rapidly manage product changes and implement new products.

About Axiom

Axiom Mortgage Bankers Corporation was formed in 1989 and was incorporated in 1990 as a mortgage broker originating FHA, VA and conventional first mortgage loans for purchase and refinance in Northern California. Today the company operates as a direct lender funding hundreds of millions of dollars of first and second mortgage loans and providing its high quality, low cost mortgage loan services across thirty States. Axiom Mortgage Bankers is providing their clients with a level of service that often exceeds their expectations. By uniquely utilizing today's technologies, Axiom Mortgage Bankers Corporation is able to make the loan process quick and convenient. This unique approach saves Axiom customers thousands of dollars over traditional mortgage lenders. We invite you to visit the company's Web site at www.axmb.com.

About Avista Solutions

Avista Solutions is a mortgage software company founded on old-fashioned business values. Our web-based mortgage loan origination software has handled over $184 billion in unique loans and our customers are among the highest rated in the industry for their origination technology. The demand for new mortgage products in a rapidly changing market requires a platform with superior flexibility. Avista Solutions' suite of mortgage lending software provides complete end-to-end solutions that can be rapidly implemented for conforming, Alt-A, and sub-prime products, across all origination channels. For more information about the innovative products Avista has to offer, please call (803) 788-4936, or visit us on the web at www.avistasolutions.com.

Contact:
Axiom Mortgage Bankers Corporation
Mark McKinney, 800-600-7576
Email: [email protected]
Contact:
Avista Solutions, Inc.
Amanda Inabinett, 803-788-4936
E-mail: [email protected]

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