Advanced Financial Technologies, a complete lending technology solutions provider, announced today that First American Capital, a national Conventional/FHA lender located in Los Angeles, CA ,selected Advanced Financial Technologies' SMART System as their mortgage banking solution for their 300 wholesale customers.

After an extensive review, First American Capital chose SMART System because it is a complete web-based mortgage system; pricing solution, AUS, LOS, Paperless Workflow, Back-Office solutions, Compliance disclosures and E-delivery features. First American Capital elected SMART System for its single loan database that creates, processes, and tracks a loan file from application to funding. Key features cited by the lender include a robust rules-based user setup, paper-less processing, automated underwriting, pricing, lock desk functionality, closing, post-closing, secondary marketing, and reporting; as well as customized interface to 3rd party vendors.

"Before selecting SMART System, we have been using from three to four different systems for processing, underwriting and loan delivery for brokers. It was complicated and very costly to operate business. We were becoming more IT typed company, not mortgage banking company. Finally, I was told by our vender that there was another system we got to see. During the demo, we already made up our mind because of all features they offer. SMART system was delivered in 2 days and AFT guaranteed the fastest roll-out and their support has been best in class; all at a very reasonable cost. With SMART system, we are very confident in competing with our competitors and cost effective in operating mortgage banking business" said Nicholas Koo, CEO/President at First American Capital.