Avista Solutions Announces Early Adoption of Fannie Mae’s EarlyCheck

Oct. 14, 2010 - PRLog -- Charleston, SC, October 14, 2010 – Avista Solutions®, an award-winning provider of a web-based, end-to-end loan origination system, is pleased to announce its integration of EarlyCheck™, a new service from Fannie Mae® that lets lenders identify and correct loan eligibility and data issues at any point in the business process. Avista Solutions completed the integration as Fannie Mae made EarlyCheck available to LOS providers during the weekend of September 25, making the company an early adoptee of the service.

“Avista Solutions is proud to be one of the first LOS providers to integrate EarlyCheck,” Avista Solutions CEO Mark Phlieger said. “EarlyCheck allows lenders to catch discrepancies before they submit a loan to Fannie Mae, so by integrating the service immediately, we’re giving our customers the opportunity to speed up and streamline the loan delivery process as well as reduce errors. Any time Fannie Mae releases a new and improved product, we like to stay up to date – it keeps us ahead of the game.”

EarlyCheck allows lenders to identify potential problems prior to loan delivery by giving them early access to certain Fannie Mae Loan Quality Initiative (LQI) checks. These include checks for DU Compare, SSN checks, occupancy checks, address checks, unit number checks, DTI checks, loan limit checks and checks for required delivery fields. The initial release of the service does not include checks for product eligibility, customer contract and commitment or pooling rules. It can be used at any point in the loan process, such as during underwriting, prior to loan closing and during post-closing.

For access to EarlyCheck please register with Fannie Mae; you can contact your Fannie Mae representative for more details. Avista customers who would like to access EarlyCheck should contact their Avista Relationship Manager.

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About Avista Solutions
Avista Solutions, the Mortgage Technology magazine “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) 471-1700, or visit www.AvistaSolutions.com.

PRESS CONTACT: Meredith Regan
mregan@avistaoslutions.com (843) 471-1700