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Based in Ocala, Florida, Taylor, Bean and Whitaker Mortgage Corporation (TBW) is a nation’s 7th largest wholesale lender. With over $30 Billion in annual mortgage production TBW has grown through focused technology development and deployment. TBW turned to Avista to develop its B2B web-portal mortgage lending platforms. TBW's customers are able to upload, create, edit and print loan applications. Customers may request and auto-populate credit as well as submit to Freddie Mac's Loan Prospector for automated underwriting. The system also integrates with TBW's various back office systems for processes such as registration, lock, funding, closing docs, imaging and loan status.
With over $7 Billion in assets, Trustmark National Bank is the largest bank in the state of Mississippi . Trustmark's Mortgage Services division selected Avista Solutions to develop and operate its retail mortgage website. The website provides potential and current customers with access to Trustmark's full array of mortgage products and services. The web presence also provides current mortgage rates, a payment calculator, a proactive rate change email facility, consumer education and a secure online mortgage pre-approval function. Trustmark's loan officers are also provided with individual web pages. Submitting to Fannie Mae's Desktop Underwriter automated underwriting, consumers are provided with a consumer friendly pre-approval letter in less than 2 minutes. At the foundation of this functionality is an administrative interface that allows non-technical employees to manage the highly dynamic site content.
Headquartered in Norfolk, VA, Southern Trust Mortgage is one of the largest independently owned mortgage companies in the Mid-Atlantic Region, with more than two dozen offices from Maryland to Florida. Southern Trust was searching for a system that would provide product and pricing as well as end to end loan origination functionality for their wholesale and retail channels. Southern Trust selected the Avista Agile™ Lending Suite to build on their mission of providing the most efficient and prompt delivery of products and services to all channels.
Mortgage Investors Group (MIG), in business since 1989, partners with Community Banks and Select Clients to offer a unique package of mortgage solutions. MIG selected the Avista Agile™ Lending Suite which provides their customers with the ability to create or import loans, search for qualified products, register and lock, submit loans to DU, LP and MIGAUS, check the status of loans, and order closing documents online at anytime. MIG’s secondary staff has the ability through an administrative interface to add new products, change existing product guides and update pricing to quickly address changing market conditions.
Colonial Savings Bank (Colonial National Mortgage) is a privately held company headquartered in Fort Worth, Texas. Colonial originates loans in 47 states and is now among the largest mortgage servicing operations in the country with a servicing portfolio of more than $12.5 billion. Colonial was searching for a web portal based origination system to handle all channels of their mortgage origination including a tool for originators to search for programs, price scenarios and lock loans online. Originators can view the fully adjusted price for all of Colonial’s products with details of line item adjustments for pricing. Colonial has the ability to select immediate lock confirmations on a product by product basis. Secondary users have the ability to edit locks and give originators the ability to view all edits.
With more than 50% of mortgage applicants shopping the web, Homeowners Mortgage Corporation was looking for an Internet-based tool to attractively convey its full array of products and services. Avista worked with Homeowners to create a web presence that supplies potential customers with current mortgage rates, a payment calculator, a proactive rate change email facility, and a secure online mortgage pre-approval function. The web site has a facility for loan officers to build their own personal home page to support their realtor and builder networking. The new site also supports the B2B relationships between credit unions, mortgage brokers, and the lender. At the foundation of all this functionality is an administrative interface that allows non-technical employees to manage the highly dynamic site content.
Founded in 1990, Cunningham & Company is a North Carolina based mortgage banker providing home mortgages for purchase, refinance, and construction. Cunningham & Company selected Avista Solutions to provide Consumer Direct and Wholesale e-mortgage platforms. Borrowers can submit application online for review and receive an online decision in minutes complete with a friendly pre-approval letter and Automated Underwriting findings. Back-end administration allows users to manage applications more efficiently as well as update site content. Wholesale functionality includes submission to DU, credit, flood, and appraisal vendors, risk adjusted pricing and lock, funding and closing management, online status, and application pipeline view.
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