Equifax has announced a direct integration of its Undisclosed Debt Monitoring solution, now allowing Avista Solutions’ customers access to the Loan Quality Initiative (LQI) solution for identifying undisclosed debts during the mortgage origination process—directly from their Avista Agile LOS. Undisclosed Debt Monitoring monitors and notifies lenders of new loan applicant activity initiated during the pre-funding period. By leveraging Undisclosed Debt Monitoring, financial institutions gain a competitive advantage that will protect them against losses—often stemming from mortgage repurchase demands and unsalable loans—while maximizing operational efficiency in the underwriting process.
Avista Agile LOS is a fully-secure mortgage loan origination system (LOS) that fully supports retail, consumer, wholesale and correspondent mortgage lending. It is 100 percent Web-based and does not require downloads, allowing institutions to access the system anytime, anywhere.