Advanced Financial Technologies, a complete lending technology solutions provider, announced today that ICON Residential Lenders, a nationwide Conventional lender located in Irvine, CA rolled out today Advanced Financial Technologies' SMART System as their mortgage banking solution to more than 40,000 retail brokers.

After two months testing periods with SMART system, ICON Residential Lenders 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. ICON Residential Lenders used to use another application software for last 12 months and they needed to expand more features due to increasing business volumes. ICON Residential Lenders 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 another for processing, underwriting and loan delivery for brokers. We just simply needed to handle more features to get more business. We were forced to find another solution. We had an extensive research period and testing using 3rd party and we had come to conclusions that SMART was the best choice. During the testing period, we already made up our mind because of all features they offer. SMART system was delivered in 2 days 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 Graham Fleming, CEO/President at ICON Residential Lenders.