Advanced Financial Technologies Press Releases

Pacific City Bank, a new wholesale mortgage bank located in Los Angeles, announced today that Pacific City Bank selected Advanced Financial Technologies' SMART System as their mortgage banking solution to all their branches and their wholesale customers.

After testing SMART system for last months, Pacific City Bank 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. Not only these features, SMART system offers a multiple business channels to handle a retail shop and wholesale customers. Pacific City 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 had to speak to 4 different vendors, a pricing engine vendor, LOS vendor, Post closing vendor and Storage vendor. The cost was getting expansive and we finally decided to look for a better solution. Through another vendor’s referral, we had a demo with SMART system and we were extremely satisfied with the system due to all features offered. During the testing period, we compared with all other solutions to make sure that we chose a correct one. SMART system was delivered in 2 days at a very reasonable cost. We know that we can compete with a big nationwide company and run business in a better way" said Gene Sheen, Sr. VP at Pacific City Bank.

Advanced Financial Technologies, a complete lending technology solutions provider, announced today that InterLending Capital, a new nationwide Conventional lender located in Irvine, CA rolled out today Advanced Financial Technologies' SMART System as their mortgage banking solution to more than 1,000 retail loan officers.

After few months testing periods with SMART system, InterCapital Lending 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. InterLending tested many different software for last few months and they needed to expand more features for future businesss volumes. InterLending 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 testing many different types of systems for processing, underwriting and loan delivery for our loan officers. We just simply needed to handle more features to get more business. We were forced to find continuously better solution. We had an extensive research period and testing most of software and we had come to conclusions that SMART was the best choice. During the testing period, we compared with all other solutions to make sure that we chose a correct one. SMART system was delivered in 2 days at a very reasonable cost. With SMART system, we are very pleased with all features they offer and we get responds on any issue in a same day." said Lawrence Holguin, President at InterLending Capital.

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.

Advanced Financial Technologies, a complete lending technology solutions provider, announced today that Carnegie Mortgage, a nationwide Conventional/FHA/VA lender located in Princeton, NJ, selected Advanced Financial Technologies' SMART System as their mortgage banking solution for 4 regional retail shops.

After two months testing periods with SMART system, Carnegie Mortgage 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. Carnegie Mortgage used to use application software. They realized that they needed more expandable solution to handle more business with multiple business channels. Carnegie Mortgage 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 spent a lot of time in manually and we needed to make fully automatic processing, underwriting, funding as well as post closing along with e-delivery features. 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 Marcus Hadden, Ex. VP at Carnegie Mortgage.

Advanced Financial Technologies, a complete lending technology solutions provider, announced today that GHI Mortgage, a regional Conventional/FHA/VA lender located in San Diego, CA, selected Advanced Financial Technologies' SMART System as their mortgage banking solution for their 300 wholesale customers and 100 retail officers.

After two months testing periods with SMART system, GHI Mortgage 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. GHI Mortgage used to use another web-based solution for last 12 months and they did not have a good experience with them due to limited features and the system slow. However, GHI Mortgage 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 web-based product for processing, underwriting and loan delivery for brokers. It was very slow to use the system and it had limited features. 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 Luz Labsan, CEO/President at GHI Mortgage.

Advanced Financial Technologies, a complete lending technology solutions provider, announced today that Abacus Financial Inc, a nationwide Conventional/FHA lender located in Denver, CO, selected Advanced Financial Technologies' SMART System as their mortgage banking solution for their national retail operation.

After an extensive review, Abacus 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. Abacus 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 SMART System, we tried to develop features by contractors and it became pretty expensive. It was not an easy task due to associated labor costs and redundant software licensing. We decided to work with SMART system after a detailed review of all available options and comparing to other major solutions. We wanted to have next generation platform which handles all features, not interfacing with several solutions, so that we do not have to switch to another system in next years. SMART System has all the features we were looking for and the system is very user friendly. 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 close more loans compared to old systems and easy to recruit loan officers at today's comparative market " said Mark Smith, President and CEO at Abacus Financial Inc.

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.

Advanced Financial Technologies, a complete mortgage solution provider, announced today that International Mortgage, a nationwide FHA lender located in West Covina, CA, selected Advanced Financial Technologies' SMART System as the solution for their retail branches.

After reviewing for few months, International Mortgage chose SMART System for its end-to-end automated mortgage system that includes Pricing, AUS, LOS, Paperless, and Back-end Solution. International Mortgage 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 and two additional solutions. In order to use three solutions, we had to interface together and we had to have additional full time IT members and it was pretty expensive making automation. However, we are extremely satisfied with Advanced Financial Technologies for reasonable price and the best technology with excellent technology. 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 Jesse Hernandez, President and CEO at International Mortgage.

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.

Advanced Financial Technologies, a compete mortgage solution provider, announced today that IGS(Infinity Group Services), a wholesale and retail nationwide lender located in Cypress, CA, selected Advanced Financial Technologies’ SMART System to use their wholesale and retail lending platform for their brokers and retail loan officers.

After reviewing few months, IGS chose SMART System because the SMART System provides an end-to-end automated mortgage system including Pricing, AUS, LOS, Paper-less and Back-end Solution. IGS selected SMART System because it creates 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 LOS which has limited pricing solution and back-end solution for LOS. We are extremely satisfied with all features SMART system delivers and affordable price” said Kahram Zamani. “Since we had to use three different solutions, we always had data integraty questions and it took us more time to close loans. It is now much more efficient and simple to do business” also said Ty de Wale, Sr. Vice President at IGS.

Advanced Financial Technologies, a leading mortgage automation provider, announced today the nationwide launch of their new SMART System Technology software that was developed to provide a completely online software solution and also increase mortgage banker's productivity. Click for more information