Avista Solutions Celebrates 10-Year Anniversary

    CHARLESTON, SC, March 31, 2011 /24-7PressRelease/ -- Avista Solutions, a mortgage origination technology leader for the nation's community and regional banks, credit unions and mortgage bankers, is celebrating a decade of serving customers with its award-winning cloud based, end-to-end, all in one loan origination system, Avista Agile LOS . This month, Avista celebrates its tenth anniversary.

"Reaching ten years is an incredible milestone," Avista Solutions CEO Mark Phlieger said. "Avista is fortunate to serve customers who represent the best in the industry. Providing these customers innovative origination technology and outstanding customer service has allowed Avista to be profitable every year since its founding and grow revenues in each of the last ten years, including a 28% increase in 2010. We're looking forward to another decade of delivering innovative and cost-effective technology solutions to community and regional banks, credit unions and mortgage bankers across the country."

Avista added a record 37 new customers in 2010, comprising 20 community banks, totaling $12 billion in assets, 10 credit unions and seven independent mortgage bankers. On March 25, 2011 there were 63,000 active B2B user accounts across Avista's customer base.

Other milestones include Avista relocating its corporate headquarters to Charleston, South Carolina in July 2010, a city that Phlieger said offers much support for the technology industry and cultivates high quality talent.

Since signing on its first customer in 2001, Avista Solutions has: processed more than 100,000 loan applications in one month, reached a 28-day implementation time record, created Avista Eagle AUS , integrated to FHA TOTAL Scorecard, AvistaDocs , and Avista Consumer Direct . Avista has won the Mortgage Technology Help Desk award and is a four time Top 50 Mortgage Technology Service Provider.

About Avista Solutions
Avista Solutions, the Mortgage Technology magazine "Mortgage Technology Help Desk Award Winner" and a perennial "Top 50 Mortgage Technology Service Provider," is a leader in sophisticated web-based loan origination systems. Avista Solutions' suite of mortgage lending software provides complete, end-to-end solutions incorporating loan origination; product eligibility, pricing and imaging that can be rapidly implemented across all origination channels. For more information, please call (843) 471-1700, or visit www.AvistaSolutions.com.

Press Contact: Lauren Johns
843-471-1700
[email protected]

Avista Solutions develops web-based mortgage origination systems for all channels with product eligibility and pricing, automated underwriting, closing docs, and document imaging powering lenders from $100 million to $35 billion in annual volume.

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