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

Advanced Financial Technologies News

San Diego, CA., August 27, 2008

Advanced Financial Technologies, a complete lending technology solutions provider, announced today that Kazmi National Finance Company, a nationwide Conventional/FHA lender located in Bayside, NY, selected Advanced Financial Technologies' SMART System as their mortgage banking solution for their national retail operation.

After an extensive review, Kazmi chose AFT’s SMART System because it is a complete web-based mortgage system; integrating Pricing, AUS, LOS, Paperless Workflow, and Back-Office solutions. Kazmi selected 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 AFT’s SMART System, we used a myriad of solutions to mimic a fully automated process. It was not an easy task and it was becoming pretty expensive due to associated labor costs and redundant software licensing. We decided to work with AFT’s SMART system after a detailed review of all available options. SMART System has all the features we were looking for, is very user friendly, and fastest to deploy. AFT guaranteed the fastest roll-out and their support has been best in class; all at a very reasonable cost. With AFT’s SMART system, we simply close more loans due to better work-flow and improved inter-departmental communication" said Sam Kazmi, President and CEO at Kazmi National Finance Company.