Loan application volume process through Avista Solutions’ Web-based loan origination software was 1.1 million applications for $187 billion during 2007, a 42 percent jump over 2006 according to an announcement today. The company’s system reportedly enables online locking with fully adjusted pricing and immediate confirmation, while its lender-managed eligibility and price adjustment interface enables wholesale lenders to quickly manage product changes and implement new products.

Calyx Software said it added a flood certification category to its LOS. Seven companies have been added to the new category.

Mortgage fraud prevention provider Interthinx announced the automation of its cascading automated valuation model within its FraudGUARD system, enabling its customer to first use property analytics and an internal valuation model before incurring AVM expense.

Mortgage companies searching for new appraisers can find resumes, appraisal fees, coverage areas, and license and E&O insurance information at AppraisalPort, service provider FNC Inc. announced Tuesday. Through the service, customers can reportedly place orders, exchange messages and receive completed appraisals.

“AppraisalPort replaces phone calls, faxes, and e-mail, and provides an organized platform through which all appraisal orders and completed appraisals can be tracked and transmitted,” the statement said.

Advantage Credit announced a Webinar available for viewing online that explains the five scoring factors that the FICO scoring model uses. The company, which said over 2,000 users have viewed the event, indicated higher credit scores can be in place within seven to 10 days of updating information.

“We’ve found that even experienced brokers are often unsure which factors can cause a potential borrower’s credit report score fluctuate 50 to 100 points,” Advantage executive Kelly Gontarski said in the announcement.

Wells Fargo Home Mortgage extended its mortgage servicing package contract with Fidelity National Information Services Inc., a press release Wednesday indicated. Wells has already been using the platform for two decades to handle loan setup and maintenance, cashiering, escrow administration, investor accounting, default management and regulatory reporting.

“We have leveraged FIS’ professional services staff for numerous large projects, including our recent integration of 1.3 million mortgage customers — our largest acquisition ever,” Wells executive Mary Coffin said in the statement.

The Depository Trust & Clearing Corp. announced the launch of a new suite of services to help automate and streamline the processing of syndicated commercial loans. The initial Loan/SERV platform, available in the third quarter, will include a loan commitment position reconciliation service. In the fourth quarter, an automated, secure communication network through which agent banks can transmit standard loan messages to both lenders and borrowers will be added.

Wolters Kluwer Financial Services announced that the Indiana University Credit Union is using the its Rembrandt Lending System. The documentation system enables customization of complex transactions through standard templates on multiple loans simultaneously.