Technology Spotlight: Lender Looks To Cash In

*Lender Looks To Drive Business Growth*
**Independence Mortgage Company Profiled**

***Independence Mortgage Company, a division of Detroit, MI-based First Independence Bank, has decided to switch its LOS to Avista Solutions. Independence Mortgage Company’s Avista Agile LOS will be up and running no later than November 1. Independence Mortgage Company Director Jim Wickham, a Certified Mortgage Banker (CMB), wanted to implement a new mortgage loan origination system that would help drive the company’s business growth plan.

****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.

****Avista Solutions Senior Vice President of Sales, Michael 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.”

****“I was on the Avista Agile LOS with a previous employer, and the system’s single source solution was our driving motivator,” Wickham said.