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Contact: Carolyn Altobello
Avista Solutions
Phone: 803.788.4936
caltobello@avistasolutions.com
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| Mortgage Investors Group Implements Avista Solutions’ Web-Based Loan Origination and Product & Pricing Systems |
San Diego, CA, March 29, 2006—Avista Solutions, a leading mortgage software provider, has
implemented the Avista Accelerator™ Loan Origination System and Avista Advantage™ Product &
Pricing Engine for Mortgage Investors Group.
"We looked at multiple vendors before selecting Avista," said Chrissi Rhea, President, Mortgage
Investors Group. "Avista’s track record of successful implementations and functionality like Avista’s
Rule Workspace™ which allows our business users to create, maintain and publish rules quickly and
role out new products without the need to involve in-house IT administrators or Avista staff. This
allows us to quickly role out new conforming, Alt-A, and sub-prime products across all channels."
"We’re very pleased to be selected by Mortgage Investors Group to provide this new mortgage
origination system," said Mark Phlieger, CEO of Avista Solutions. "We feel confident the combination
of Avista Accelerator™ Mortgage Origination System and Avista Advantage™ Product & Pricing
Engine will enable Mortgage Investors Group to better serve its wholesale and retail channels by
streamlining the origination process with key components such as product eligibility, online lock,
automated underwriting and closing docs."
The Avista Accelerator™ loan origination system allows users 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
originators 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. Online locking with
fully adjusted pricing and immediate confirmation is also provided. Rule Workspace allows lenders to
rapidly manage product changes and implement new products.
About Mortgage Investors Group
Mortgage Investors Group was founded in 1989 by Christine Rhea and Charles Tonkin with a total of
seven employees. Today, the company closes over $1,800,000,000 a year in home loans with over
200 employees. Mortgage Investors Group now has fifteen branch offices throughout the state of
Tennessee and three wholesale offices in California and Arizona. For more information about
Mortgage Investors Group, please call 800-489-8910 or visit us on the web at www.migonline.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 $173 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.
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