First National Bank’s search for a web-based retail lending platform with transparency and advanced reporting capabilities was fulfilled by Avista Solutions’ loan origination system Charleston, SC, January 17, 2012– Avista Solutions, a leading provider of a web-based, end-to-end, mortgage loan origination system, welcomes Hermitage, PA-based First National Bank of Pennsylvania as a new customer. First National Bank, the largest subsidiary of F.N.B. Corporation (NYSE: FNB), recently launched the Avista Agile™ LOS retail platform. “I am pleased to announce that First National Bank of Pennsylvania chose Avista as its new LOS provider,” Avista Solutions CEO Mark Phlieger said. “Our system is a powerful tool for any mortgage lender looking to streamline their operations and succeed in the marketplace, and I look forward to a rewarding partnership.” First National Bank previously managed its mortgage lending operations from two separate front-end and back-end systems, which led to a less than optimum workflow process. The bank launched a search for a new system that could offer full transparency of information and in turn increase efficiency and data accuracy. After whittling its candidates down to four, the bank chose Avista Solutions as its best fit. It wasn’t just transparency that tipped the scales in Avista’s favor – the system’s web-based, software as a service (SaaS) model was also a deciding factor for First National Bank. Avista’s web-based format allows loan originators to easily take work into the field and keeps the bank from having to tap into its own internal servers for hosting purposes. DataMart™, Avista’s onsite data storage and reporting tool, was another feature that won over First National Bank. The bank wanted the ability to produce a variety of reports that could be moved onto its servers quickly, and Avista’s DataMart stood out among competing reporting tools. Additionally, Avista’s data mining capability was important because of its potential to enhance cross-sell opportunities. Avista also offered a flexible implementation process that impressed First National Bank decision makers. “We chose Avista because the system has an infrastructure that can accommodate our growth,” First National Bank of Pennsylvania Senior Vice President and Real Estate Services Manager Rhoan Hernandez said. “Also, we can streamline and create an efficient, virtually paperless credit process. Not only is this environmentally friendly, but it will also ultimately improve the level of service we offer our customers.” About Avista Solutions Avista Solutions, the Mortgage Technology magazine “2007-2008 Mortgage Technology Help Desk Award Winner” and a perennial "Top 50 Mortgage Technology Provider," is a leader in sophisticated web-based loan origination systems. Avista Solutions’ suite of mortgage lending software provides complete, end-to-end solutions incorporating loan origination, product eligibility, pricing and imaging that can be rapidly implemented across all origination channels. For more information, please call (843) 619-4800, or visit www.AvistaSolutions.com. About First National Bank of PennsylvaniaFirst National Bank of Pennsylvania, the largest subsidiary of F.N.B. Corporation (NYSE: FNB), has over 260 full-service locations in Pennsylvania and Ohio and West Virginia. About F.N.B. Corporation F.N.B. Corporation, headquartered in Hermitage, PA, is a diversified financial services company with total assets of $9.95 billion. F.N.B. Corporation is a leading provider of commercial and retail banking, leasing, wealth management, insurance, merchant banking and consumer finance services in Pennsylvania and Ohio, where it owns and operates First National Bank of Pennsylvania, First National Trust Company, First National Insurance Agency, LLC, F.N.B. Capital Corporation, LLC, Regency Finance Company and F.N.B. Commercial Leasing. It also operates consumer finance offices in Kentucky and Tennessee. The common stock of F.N.B. Corporation trades on the New York Stock Exchange under thesymbol “FNB” and is included in Standard & Poor’s SmallCap 600 Index with the Global Industry Classification Standard (GICS) Regional Banks Sub-Industry Index. Investor information is available on F.N.B. Corporation’s Web site at www.fnbcorporation.com. PRESS CONTACT: Lauren Johns 843-619-4847 ljohns@avistasolutions.com ...read more
By Avista Solutions January 17, 2012
The mortgage software company’s latest integration directly connects customers to ComplianceEase’s automated compliance auditing solution, ComplianceAnalyzer® Charleston, SC, December 14, 2011—Avista Solutions, a leading provider of a web-based, end-to-end mortgage loan origination system, is pleased to announce its completion of a direct integration to ComplianceAnalyzer®, an industry leading, automated compliance auditing solution from risk management solution company ComplianceEase®. Avista Solutions and ComplianceEase have a number of mutual customers and this integration allows those customers to access the ComplianceAnalyzer solution directly from their Avista Agile™ LOS. ComplianceAnalyzer gives mortgage lenders real-time compliance audits at any point in the lending process, safeguarding them from potential loan risks.As part of recent electronic examination (e-Exam) initiatives, state regulators have been using ComplianceAnalyzer and other e-Exam tools to audit as much as 100% of licensees' loans in regulatory examinations. By leveraging integrated audits using the same auditing software, lenders can prepare in advance for their e-Exams.ComplianceAnalyzer covers a full spectrum of government regulations, including the Home Ownership and Equity Protection Act, the Truth in Lending Act, RESPA, state and local anti-predatory lending laws, state license-based consumer lending regulations and secondary market investor and GSE compliance guidelines. “Avista Solutions recognizes the importance of providing our customers with access to industry leading compliance tools,” Avista Solutions COO&CFO Jerry White said. “As the company behind robust tools that state banking and mortgage regulators rely on, ComplianceEase is a significant force in the mortgage industry and we are excited to now offer a seamless, system-to-system interface to theirComplianceAnalyzer solution.” Avista customers who choose to sign up for ComplianceAnalyzer may utilize the tool to pinpoint a mortgage loan’s compliance risk factors, whether the loan is in the pre-close or post-close stage, with a single click and without leaving theirAvista Agile LOS. ComplianceAnalyzer returns comprehensive, user-friendly audit reports to lenders within seconds. Each report features the industry standard RiskIndicator™, a score that reflects a loan’s compliance risk, as well asquantitative analysis of thresholds and detailed qualitative overviews with narrative descriptions of regulatory requirements. “Avista users can enjoy the best of both worlds with this seamless integration, continuing to use their LOS of choice, while managing compliance with ComplianceAnalyzer,” said ComplianceEase Senior Vice President Jason Roth. “Major secondary market investors use ComplianceAnalyzer to check every loan prior to purchase and state regulatory examiners are using it to audit as much as 100% of licensees’ portfolios. To safeguard their reputations and reduce financial risks, it makes a lot of sense for lenders to do the same.” Avista customers who would like to accessthis automated compliance auditing solutionfrom their Avista Agile LOS should contact their Avista Relationship Manager or their ComplianceEase Sales Director. About Avista Solutions Avista Solutions, the Mortgage Technology magazine “2007-2008 Mortgage Technology Help Desk Award Winner” and a perennial "Top 50 Mortgage Technology Provider," is a leader in sophisticated web-based loan origination systems. Avista Solutions’ suite of mortgage lending software provides complete, end-to-end solutions incorporating loan origination, product eligibility, pricing and imaging that can be rapidly implemented across all origination channels. For more information, please call (843) 619-4800, or visitwww.AvistaSolutions.com. About ComplianceEase® ComplianceEase, a division of LogicEase Solutions Inc., headquartered in the Silicon Valley region of Northern California, is a leading provider of risk management solutions to the financial services industry. ComplianceEase's patented platform includes ComplianceAnalyzer, the mortgage industry's most adopted automated compliance solution. ComplianceEase combines industry and regulatory compliance expertise with innovative technology to power beginning-to-end solutions in a fraction of the time and for a fraction of the cost of traditional approaches, while providing high levels of accuracy and integrity. ComplianceEase's significant and growing client base includes four of the top five mortgage lenders in the nation, financial institutions, service providers, law firms and regulators. ComplianceEase’s automated compliance solutions have been adopted as e-Exam tools by state banking and mortgage regulators, through the Conference of State Bank Supervisors. For more information, visit www.ComplianceEase.com or call 1-866-212-EASE. PRESS CONTACT: Lauren Johns 843-619-4847 ljohns@avistasolutions.com ...read more
By Avista Solutions December 14, 2011
To answer needs for mobility, accountability and security, Independence Mortgage Company, a division of First Independence Bank, plans to implement the Avista Agile™ LOS as part of its business growth plan Charleston, SC, October 10, 2011—Avista Solutions, a leading provider of a cloud-based, end-to-end, mortgage loan origination system, is pleased to announce that Independence Mortgage Company, a division of Detroit, MI-based First Independence Bank, has signed on as its newest customer. Independence Mortgage Company’s Avista Agile LOS will be up and running no later than November 1. When Independence Mortgage Company Director Jim Wickham, a Certified Mortgage Banker (CMB), considered implementing a new mortgage loan origination system that would help drive the company’s business growth plan, he had no other provider in mind but Avista Solutions. Having worked on the system with an employer in the past, Wickham knew the Avista Agile LOS would embrace the way Independence Mortgage Company wanted to conduct business. Independence Mortgage Company’s 2011 restructuring plan included moving to a cloud-based server, using Microsoft Office 365 and equipping its sales team with iPads for work on the go. Avista Solutions’ cloud-based, all-in-one format fit the company’s new business profile, provided much-needed data security and freed its IT department from cost and resource burdens, Wickham said. “My big push for Avista was that it complements my IT objective for the group globally,” Wickham said. “It’s secure, has a central source of maintenance, offers remote access and is not device specific. We’re moving to Microsoft Office 365 and the cloud-based server for our business unit, and when we complement that application with Avista’s web-based format, we achieve our goals.” Wickham cites ImageFlow™, Avista’s fully integrated, electronic document management solution, DataMart™, Avista’s onsite data storage and reporting tool, and the system’s workflow queues, which allow for loan life tracking and department performance accountability, as key system features that won his company over. “I was on the Avista Agile LOS with a previous employer, and the system’s single source solution was our driving motivator,” Wickham said. “Every LOS out there has a strong suit, but Avista is above average in every aspect.” Avista Solutions Senior Vice President of Sales, Michael Picker said he anticipates a successful partnership with First Independence Bank and looks forward to providing support for the bank’s mortgage division as it continues to grow. “Avista Solutions is honored to play such a pivotal role in the expansion of First Independence Bank’s mortgage division,” Picker said. “In order to realize the growth outlined in its business plan, Independence Mortgage Company needed a multi-channel, all-in-one lending platform that users could access anywhere, whether they’re working from a PC in the office or an iPad on the road. Our robust, secure, cloud-based system allows for complete mobility.” About Avista Solutions Avista Solutions, the Mortgage Technology magazine “2007-2008 Mortgage Technology Help Desk Award Winner” and a perennial "Top 50 Mortgage Technology Provider," is a leader in sophisticated cloud-based loan origination systems. Avista Solutions’ suite of mortgage lending software provides complete, end-to-end solutions incorporating loan origination, product eligibility, pricing and imaging that can be rapidly implemented across all origination channels. For more information, please call (843) 619-4800, or visit www.AvistaSolutions.com. About Independence Mortgage Company Independence Mortgage Company, an FNMA and HUD approved mortgage lender, operates as a division of First Independence Bank headquartered in Detroit, MI and is proud to serve its customers with common sense decisions, diversified product offerings and a growing sales force of veteran mortgage professionals. About First Independence Bank First Independence Bank has served the banking needs of the Detroit metropolitan area for more than 40 years. Its culture focuses on friendly and personal service to individuals and businesses by providing innovative financial products while remaining committed to improving economic conditions within the diverse communities served. This business approach allows the bank to develop long-term partnerships with its customers. First Independence Bank is an equal opportunity employer with 89 full-time employees, five convenient branch locations and more than $183 million in total assets as of December 31, 2010. PRESS CONTACT: Lauren Johns 843-619-4847 lauren.johns@avistasolutions.com ...read more
By Avista Solutions October 10, 2011
If you work with computers at home or in your business, you have probably heard or used Microsoft Office. This program is common in many schools, businesses and homes across the world. It can be used on a PC or a Mac. This one program will allow users to create documents, spreadsheet... ...read more
Microsoft Word is a computer program that allows you to view and create text documents. Computers that run Windows Vista come with Microsoft Word already installed. If you do not like the layout of Microsoft Word, want to replace it with a different word processing program or want to download a differ... ...read more
