Mortgage Investors Group Implements Avista Solutions' Web-Based Loan Origination and Product and Pricing Systems

    Contact: Carolyn Altobello
Avista Solutions
803.788.4936
[email protected]

Mortgage Investors Group Implements Avista Solutions' Web-Based Loan Origination and Product and Pricing Systems

/24-7PressRelease/ - SAN DIEGO, CA, April 02, 2006—Avista Solutions, a leading mortgage software provider, has implemented the Avista Accelerator Loan Origination System and Avista Advantage Product and 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 and 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 and 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.

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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