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Avista Solutions Announces Seamless Integration to Mortgage Insurance From Genworth Financial
Customers of Avista Solutions now have access to Genworth Mortgage Insurance through a direct integration to Avista's loan origination system. PR9.NET September 21, 2011 - Avista Solutions, an award-winning provider of a web-based, end-to-end mortgage loan origination system, is pleased to announce that mortgage insurance (MI) from leading global financial security company Genworth Financial is now available to its customers through a direct system integration. The two companies began cultivating a partnership when their mutual mortgage lender customers expressed a strong interest in the ability to order MI from Genworth without exiting their Avista Agile LOS. As a result of the integration, Avista customers can now select MI from Genworth during the loan origination process and can expect an MI commitment from Genworth within 60 seconds. "Meeting the needs of our customers is a priority at Avista, and a seamless integration to MI from Genworth was a recent request that we felt held great value to Avista, our customers and Genworth," Avista Solutions CEO Mark Phlieger said. "This new partnership with Genworth allows our users to easily connect borrowers with a high quality MI product that will ultimately help them attract more borrowers and close more loans." In addition to offering new rates and expanded underwriting guidelines, Genworth is a full-service MI provider with a commitment to industry leading coverage, service and value. Benefits of MI from Genworth include Job Loss Protection, which can pay a qualifying borrower's mortgage up to $2,000 a month for up to six months; a Homeowner Assistance Program, a one-on-one partnership with a Genworth professional available in the event of a financial hardship; and Homebuyer Privileges, which comprise up to $3,000 in rebates, discounts and special offers. By ordering MI from Genworth through their Avista Agile LOS, Avista customers can eliminate the hassle of duplicate data entry, receive MI commitment documents in .pdf format and experience improved productivity through faster processing and response time. "It is important to our customers to have seamless electronic data interface options," said Robert Noble, Genworth Mortgage Insurance's Vice President of Information Technology. "These interfaces improve productivity and reduce the time to generate a Genworth MI commitment. We are pleased to be able to provide customers with reliable processing of MI submissions to Genworth through Avista's LOS offering." # # #
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Genworth Financial, Inc. is a leading Fortune 500 global financial security company. Genworth has more than $100 billion in assets and employs approximately 6,500 people with a presence in more than 25 countries. Its products and services help meet the investment, protection, retirement and lifestyle needs of more than 15 million customers. Genworth operates through three segments: Retirement and Protection, International and U.S. Mortgage Insurance. Its products and services are offered through financial intermediaries, advisors, independent distributors and sales specialists. Genworth Financial, which traces its roots back to 1871, became a public company in 2004 and is headquartered in Richmond, Virginia. For more information, contact your Genworth sales representative, call the Action Center at 800-444-5664, or visit http://mortgageinsurance.genworth.com. About Avista Solutions About Avista Solutions Avista Solutions, a Mortgage Technology magazine “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. PRESS CONTACT: Lauren Johns 843-619-4800 lauren.johns@avistasolutions.com |
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