Avista Solutions Welcomes Washington State Employees Credit Union as New Customer

    CHARLESTON, SC, June 23, 2011 /24-7PressRelease/ -- Avista Solutions, an award-winning provider of the web-based, all-in-one, end-to-end Avista Agile mortgage loan origination system (LOS), is pleased to announce the addition of Olympia, WA-based Washington State Employees Credit Union (WSECU) as a new customer. WSECU signed on with Avista in May.

Earlier this year, WSECU began searching for a new loan origination system with three key features: Usability, advanced technology and the ability to meet regulatory and compliance requirements. The credit union also wanted its new system to provide seamless workflow throughout the lending process from origination to delivery, as well as allow end users to process loans without manipulating the system. Finding a solution that would remain current through industry changes and technological advances was another must for the credit union.

After exploring multiple channels including the Internet, industry publications and consultant recommendations, WSECU requested demos from Avista and several other software providers. During a diligent selection process, WSECU compared the features of each product, researched providers' reputations and assessed how each contender reacts to industry changes. In the end, Avista came out on top.

"We were looking for a new mortgage loan origination system that would bring all of the components of the lending process into a streamlined and simple to use tool so that we could remain focused on serving our members," WSECU Mortgage Business Applications Analyst Keenan Wagner said. "Avista proved to be the best fit for our needs and allowed our employees to deliver high quality loans easily and reliably."

Other features of Avista's LOS that tipped the scales for WSECU included its built-in product and pricing engine, a web-based format and integrations to WSECU's required vendors. DataMart , Avista's onsite data storage and reporting tool, was another selling point - Avista is natively a cloud based solution, and WSECU wanted to ensure easy access to an onsite, working copy of its data; Avista is the only LOS provider that offers a hybrid cloud based/onsite model.

Avista just celebrated a decade in business as one of the nation's top providers of a web-based loan origination system and believes relationship building is the key to its success. The company continues to build its customer base with the addition of WSECU and looks forward to a long partnership with the credit union.

"I feel honored that our LOS stood out against the competition for Washington State Employees Credit Union," Avista Solutions CEO Mark Phlieger said. "We are confident that we can meet their needs with one seamless system."

About Avista Solutions
Avista Solutions, the Mortgage Technology magazine "2007-2008 Mortgage Technology Help Desk Award Winner" and a perennial "Top 50 Mortgage Technology 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.

About Washington State Employees Credit Union
Washington State Employees Credit Union is a not-for-profit financial cooperative headquartered in Olympia, WA that has more than $1.6 billion in assets, 160,000 members and 19 branches across Washington. Membership is open to public employees and their families. Additional information can be found online at www.wsecu.org.

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.

# # #