Davis + Henderson Corp. has acquired Avista Solutions, Inc., a provider of Software as a Service (SaaS) mortgage loan origination software to community banks.

The move adds to D+H’s customer base and expands the range of integrated technology solutions D+H offers to the North American financial services industry by complementing the SaaS consumer point-of-sale mortgage origination platform it delivers to more than 1,100 U.S. banks and credit unions through its Mortgagebot subsidiary.

Like Mortgagebot, Avista’s loan origination system technology is delivered via the internet as a service, and revenues are generated on a subscription-fee basis under long-term contracts.

Founded in 2001, Avista is a financial technology business with more than 150 financial institution customers, and a technology suite that includes a complete loan origination system with integrated product and pricing engine, document imaging, workflow capabilities, and a comprehensive network of seamlessly integrated third-party mortgage service providers.

 

 

[This article was posted on May 15, 2012, on the website of ABA Banking Journal, www.ababj.com.]    

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