Loan origination software provider Avista Solutions released a new consumer website function aimed at putting greater functionality into the hands of borrowers. The Columbia, S.C.-based LOS will "private-label" the new Web portal with lenders' websites and branding. Visitors can submit applications online, obtain automated approvals, receive online disclosures, and can receive notification when the rates they want are available. The portal also has payment calculators, loan-type scenarios and other tools so the borrower can self-serve online. Borrowers also can receive automated e-mail updates on the online status of their loans.
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