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Phone: (305) 971-5352
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Avista Solutions Completes Integration to Advantage Systems’ Accounting for Mortgage Bankers® (AMB)

Boston, MA, October 15, 2007 - Avista Solutions, a leading web-based mortgage loan origination software company and AMB™, the leading provider of accounting software for mortgage bankers, announced today that integration to AMB has been completed. This seamless integration provides Avista’s customers a web-based integration to a superior accounting solution designed specifically for mortgage bankers.

"AMB is recognized as the leader in Mortgage Banking Accounting," said Mark Phlieger, CEO of Avista Solutions. "We are pleased to be able to provide this seamless integration to AMB. It is available now to Avista customers using AMB for their accounting system."

"AMB is a back-office application with a bottom-line impact," said Advantage Systems’ Joe Ludlow, Advantage Systems’ Vice President of Sales. Partnering with Avista allows our joint customers to streamline the loan reconciliation process and allows the executive team to better manage profitability."

AMB was designed to manage loan level detail within the accounting system. AMB is a comprehensive accounting solution providing exceptional General Ledger, Accounts Payable and financial reporting capabilities. Numerous standard reports are available right out of the box as is the capability to create user defined Balance sheet, Income statements and statements of Cash flows. The loan level detail allows AMB to go further by being able to report on income by loan, loan officer and loan type as well as provide the capability to prepare Commission Calculations. The integration from Avista to AMB eliminates duplicate data entry and provides efficiencies for Avista customers, which ultimately reduce their operational costs.

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 web-portal provides online status, pipeline management, product eligibility and pricing with lock capabilities, 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 web-portal 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, a Mortgage Technology magazine "Top 50 Mortgage Technology Provider", is a leader in web-based loan origination systems. Avista Solutions’ suite of mortgage lending software provides complete end-to-end solutions that can be rapidly implemented across all origination channels. Avista has handled over $417 billion in loan volume 100 percent via the web. For more information, please call (803) 788-4936, or visit www.avistasolutions.com.

About Advantage Systems

Advantage Systems, founded in May of 1986, provides accounting software designed for mortgage bankers, known as Accounting for Mortgage Bankers® (AMB). AMB is an extremely robust accounting system that goes beyond the debits and credits to track transactions on a loan-by-loan basis. In doing so, loan level detail comes right off the system and redundant spreadsheets are eliminated. In addition to providing loan level detail, AMB provides exceptional general ledger, accounts payable and report writing capabilities. For more information, visit the company’s Web site at www.mortgageaccounting.com.

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