Washington, DC, April 19, 2004—Avista Solutions, a leading e-mortgage technology provider, announced today that it has completed verification of its enhanced interface to Freddie Mac’s Loan Prospector® automated underwriting service. Avista has developed its new interface for lenders to access Loan Prospector for loan submissions from the Avista Accelerator™ Wholesale, Correspondent, and Retail platforms.

"Completing the enhanced interface provides our customers seamless XML-based integration to Loan Prospector while maintaining a consistent lender private labeled look and feel across their Avista platforms," said Mark Phlieger, CEO of Avista Solutions. "The integration creates a faster lights-out process for submitting loans to Loan Prospector and receiving results while eliminating manual data transfer."

"Avista is committed to providing our mutual customers with advanced access to Freddie Mac’s Loan Prospector Automated Underwriting Service (AUS)," said Marcia Davies, Vice President of Product Marketing and Communications for Freddie Mac.

The Avista Accelerator mortgage origination platforms provide mortgage lenders with a complete toolset for wholesale, correspondent, retail, and consumer direct lending. The wholesale, correspondent, and retail platforms include functions such as importing loan application data into the system eliminating re-keying of information, ordering of automated underwriting, credit reports, and other fulfillment services, as well as loan pipeline management and status. A comprehensive product & pricing engine provides product qualification with fully adjusted up to the minute pricing and online lock and registration with immediate confirmation. Avista’s use of data standards such as XML and MISMO allows seamless integration with customers’ back-end systems.

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.

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

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's web-enabled wholesale, correspondent, retail and consumer direct platforms are designed to streamline the origination process, increase loan production, reduce operating costs and improve customer service. Avista Solutions provides the best built technology in the mortgage business.