Avista Solutions, a provider of Web-based mortgage loan origination software (LOS), has introduced a new service designed to empower small and medium lending institutions to achieve large lender-style efficiency in product and pricing automation by eliminating the complexity of investor product rules maintenance.
The service, called Avista's Managed Product Service (AMPS), releases in-house human resources from laboriously validating program guidelines across multiple investor lines and scores of rate sheets. AMPS automates the job and feeds the information directly into lenders' Avista Agile LOS/Avista Advisor systems for immediate retrieval and use, the company explains.
AMPS uses the company's Avista Advisor product selection and pricing engine, which has been in service for six years.
Source: Avista Solutions