2000 Articles | 1999 Articles

QuestSoft Aligns with Avista Solutions

QuestSoft’s Integration with Avista’s LOS enhances compliance capabilities of lenders

LAGUNA HILLS , Calif. , May 15, 2006 - QuestSoft , a provider of Home Mortgage Disclosure Act (HMDA) and Community Reinvestment Act (CRA) compliance solutions and geocoding services for lenders, announced an alliance with Avista Solutions, a provider of end-to-end mortgage lending software.

The alliance integrates QuestSoft's HMDA RELIEF and Instant Geocoder with Avista‘s loan origination software (LOS) system, which enables users to create loan applications online or import them from other, external LOS systems as well as order services such as credit, automated underwriting and closing documents. Online pricing, lock and loan eligibility are also available.

“Even before the alliance, QuestSoft's software was popular with our customers because it met their needs for a cost-effective, practical compliance solution,” said Mark Phlieger, CEO of Avista Solutions. ”By fully automating the compliance process with QuestSoft's help, our customers can worry less about regulatory requirements and focus more on offering competitive services to their customers.”

Through the alliance, Avista offers an enhanced level of compliance to its users by providing advanced group editing capabilities for HMDA data; reports designed to exceed federal requirements and address the complexity of analyzing a financial institution's performance under the latest HMDA regulations; tools for performance assessment by management, examiners and boards of directors and geocoding technology offering the most recent postal and census data.

“We chose Avista Solutions as a strategic partner, because Avista complimented our own HMDA RELIEF and Instant Geocoder compliance software,” said Leonard Ryan, president of QuestSoft. “This alliance is an example of how the mortgage industry is coming together to offer lenders a wider range of products and, ultimately, save them resources devoted previously to training and up front installations.”

About Avista Solutions
Avista Solutions' suite of mortgage lending software provides complete end-to-end origination solutions that can be rapidly implemented for conforming, Alt-A and sub-prime products across all origination channels. For more information about the innovative products Avista has to offer, visit them on the Web at www.avistasolutions.com.

About QuestSoft
Laguna Hills, Calif.-based QuestSoft is a compliance-software development firm specializing in the Home Mortgage Disclosure Act (HMDA), Community Reinvestment Act (CRA), flood determination and complete compliance management to more than 1,500 banks, credit unions and mortgage companies nationwide. The company provides software design, compliance-quality geocoding and outsourcing services that are backed by 16 years of direct mortgage software and origination experience. In addition, the company has received recognition for its many technological accomplishments.