LOS Mortgage, AUS Mortgage, Pricing engine, Advanced Financial Technologies

Advanced Financial Technologies News

San Diego, California, July 7, 2008

Advanced Financial Technologies, a complete mortgage solution provider, announced today that America Best Financial Group, a nationwide wholesale lender located in Sacramento, CA, selected Advanced Financial Technologies' SMART System as the solution for their wholesale brokers.

After reviewing for few months, America Best Financial Group chose SMART System for its end-to-end automated mortgage system that includes Pricing, AUS, LOS, Paperless, and Back-end Solution. American Best Financial Group selected SMART System because it uses a single loan database that creates, processes, and tracks a loan application from open to close. Key features cited by the lender include a robust users setup, paper-less capacity, condition writing, search and support for underwriting, pricing, lock, interfacing with 3rd party vendors, closing, post-closing, secondary marketing, funding, shipping and reporting.

"Before selecting SMART System, we used to use another Pricing Solution which included a partial LOS. We had to interface with two additional solutions to work for a complete solution. We always had to pay extra to maintain those systems and it was expensive to operate mortgage banking business. After switching to SMART system, there is no more expensive costs involved, simple to use, less training for employees and it is now a complete One Solution which I have been looking for a long time” said Mike Mirante, a secondary market analyst at America Best Financial Group.