COLUMBIA, S.C., March 6, 2003 -- Avista Solutions, a leading provider of online mortgage software, announced today that it has completed Fannie Mae’s Desktop Underwriter^® (DU™) XIS integration.  Avista now uses XML based XIS integration for lenders’ loan submissions to DU from its Avista Accelerator™ Wholesale, Retail and Consumer Direct mortgage origination platforms.

"We are very excited about being one of the first mortgage software providers to implement Fannie Mae’s XIS integration," said Mark Phlieger, CEO of Avista Solutions.  "This next-generation technology provides our customers fast and reliable connectivity to DU, and delivers access to the broadest possible business services for lenders."

The Avista Accelerator mortgage origination platforms provide mortgage lenders with a complete toolset for wholesale, retail and consumer direct lending. The platforms include functions such as importing loan application data into the system without re-keying information, ordering of automated underwriting, credit reports, and other fulfillment services, online lock and registration, as well as loan pipeline management and status.  Avista Solutions can implement the system in less than 45 days and customize it to meet the needs of the client.  This proven technology is designed to streamline the origination process, increase loan production, reduce operating costs, improve customer service, and increase lender profits. 

For a demonstration of how this innovative system can benefit your business, visit us on the web at www.avistasolutions.com or call (803)788-4936. 

About Avista Solutions

Avista Solutions is a financial services software company that combines years of mortgage industry experience with powerful technology skills to deliver integrated solutions to lenders. 

Avista Solutions powers the mortgage websites for over 300 banks, credit unions, and mortgage companies.  More than 3,100 originators submit in excess of 56,000 loan transactions per month using lender private-labeled websites from Avista Solutions.  Avista Solutions provides the best built technology in the mortgage business.

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