Avista Solutions Celebrates Nine Years in Business with a Record Number of
23 community banks, credit unions and independent mortgage bankers have adopted the innovative
mortgage loan origination system since November 2009, marking Avista’s highest customer growth
Columbia, SC, May 11, 2010 --(PR.com)-- Avista Solutions, a leading provider of web-based,
end-to-end mortgage loan origination software, added a record number of new customers, 23, in the past
six months. This remarkable accomplishment took place just a month after the company reached its ninth
anniversary in March.
The new Avista Agile™ Loan Origination System (LOS) customers include 14 community banks with
$8.63 billion in assets ranging in size from $89 million to $3.09 billion, 3 credit unions with $5.08 billion
in assets ranging in size from $63 million to $4.54 billion and 6 independent mortgage bankers based out
of 19 different states. With an expanded pool of customers, Avista Solutions' loan origination system now
has over 61,000 active users nationwide.
“The growth we experienced in 2009 was a record in itself,” Avista Solutions CEO Mark Phlieger said.
“However, the rapid rate at which we've added new customers in the past six months was really
exceptional. As the market continues to present challenges to lenders, they're seeking an agile,
low-maintenance, cost-effective, convenient technology solution, and more and more lenders have
discovered that Avista Solutions meets their needs.”
Since celebrating its eighth anniversary in March 2009, the Avista Solutions staff has placed a special
emphasis on serving its customers by implementing new functionality and providing a heightened level of
customer service. Avista recently unveiled new consumer direct website functionality, which allows
lenders to control a wide range of consumer direct site features directly from their B2B administrative
website. Additionally, new Avista Solutions Chief Operating and Chief Financial Officer Jerry White,
who formerly served as a Chief