/24-7PressRelease/ - COLUMBIA, SC, April 28, 2007 - Avista Solutions, a leader in web-based mortgage loan origination software announced today that it has completed integration to DataVerify Corporation's Data Risk Integrity Verification Engine (DRIVE). This integration provides Avista's customers a web-based anti-fraud decisioning and data verification platform to predict fraud and mitigate losses, including repurchase and early payment default. The seamless integration is available for loan submissions from the Avista Agile LOS Wholesale, Retail and Correspondent mortgage platforms.
"We are enthusiastic about Avista's integration with DataVerify" says Mark Phlieger, CEO of Avista Solutions. "This integration will provide our customers fast and efficient access to advanced tools, analytics and metrics designed to maximize credit data and collateral accuracy. The service is available now to Avista customers who have an established relationship with DataVerify."
"The seamless integration to DataVerify's DRIVE platform will provide Avista's customers an all-inclusive anti-fraud solution to deal with the onslaught of increased fraud activity," said Mike Moseler, President of DataVerify.
The Avista Agile LOS origination platform allows users to create loan applications via the internet or import the application from external loan origination software. The platform also allows users to order services such as credit and automated underwriting. This B2B website provides online status, pipeline management, originator/lender loan collaboration and disclosures and closing documents through a 3rd party document service. 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 proven technology of Avista's Agile LOS is designed to streamline the origination process, increase loan production, reduce operating costs, improve customer service, and increase lender profits.
About Avista Solutions
Avista Solutions, the mortgage industry's most agile origination software provider, has handled over $337 billion in loan volume 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. Change the rules. Compete faster. If your company is looking for an Agile Enterprise Solution we would like to talk with you. For more information please call (803) 788-4936, or visit us on the web at
www.avistasolutions.com.
About DataVerify
DataVerify Corporation is the preeminent provider of fraud prevention and decision management solutions for the mortgage industry. DataVerify's executive team has leveraged over a dozen years of anti-fraud system experience to create a new "next generation" platform that utilizes the latest .NET technology to deliver superior anti-fraud products powered with more robust exterior database sources, superior predictive analytics and a comprehensive array of new and advanced features. These new technological advancements allow lenders to predict fraud and mitigate losses, including repurchase and early payment default (EPD), with unprecedented accuracy while increasing workflow efficiency and reducing loan approval timeframes at the point of sale. For more information about DataVerify, call 866-895-3282 or access the company's web site at
http://www.dataverify.com .
About Avista Solutions
Avista Solutions, the mortgage industry's most agile origination software provider, has handled over $337 billion in loan volume 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. Change the rules. Compete faster. If your company is looking for an Agile Enterprise Solution we would like to talk with you. For more information please call (803) 788-4936, or visit us on the web at
www.avistasolutions.com.
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Press Release Keywords:- avista, dataverify, detection, fraud, loan, mortgage, origination, prevention, software, solutions, technology
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