Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Products
DH acquires Avista Solutions
TORONTO (5/7/12)--Davis+Henderson Corp. (D+H), a Toronto-based technology firm, has acquired Avista Solutions Inc.of Charleston, S.C., a cloud-based mortgage loan origination provider to credit unions and banks.

The purchase price is $40 million, payable in cash, funded from D+H's existing credit facilities.

The acquisition adds to D+H's customer base and expands the range of integrated technology solutions the company offers by complementing the software-as-service consumer point-of-sale mortgage origination platform it delivers to more than 1,100 U.S. credit unions and banks through its Mortgagebot subsidiary.

Similar to Mortgagebot, Avista's loan origination system (LOS) technology is delivered through the Internet as a service and revenues are generated by subscription fees under long-term contracts.

Avista has more than 150 financial institution clients and a technology suite that includes a LOS with a product and pricing engine, document imaging, work flow capabilities, and a network of integrated third-party mortgage service providers.


RSS





print
News Now LiveWire
App puts #CUNAGAC in palms of attendees' hands #NewsNow http://t.co/piabPHIGb5
5 hours ago
App puts #cunagac in palms of #creditunion attendees' hands http://t.co/2XZC3LWw6Z
6 hours ago
Breaking at #NewsNow: @CUNA files amicus brief in Florida interchange case. http://t.co/gWSBjCtSD7
6 hours ago
What is the @NCUFoundation ? Watch this Foundation video: http://t.co/iC6XoInU7r
9 hours ago
Follow @cumagazine for even more #CUNAGAC live-action reports March 8-12 #creditunion #creditunions #UniteForGood
12 hours ago