Press and News

February 8, 2007, Honolulu, HI PCLender.com Inc., has successfully completed its annual SAS70 audit for InHouse Mortgage (IHM) and PCApproved mortgage banking automation systems. Completing the SAS70 audit continues to underline the importance PCLender places on its ability to securely manage sensitive data for its customers. "Historically this has been important to our bank and credit union customers," says Lionel Urban, President of PCLender.com. "We are finding more interest from mortgage bankers who have concerns regarding their ability to meet Gramm-Leach-Bliley and Sarbanes Oxley requirements." PCLender takes pride in providing automation systems that are one of the most secure in the industry with dual authentication, thin-client/ASP architecture and robust data and access controls. Please contact a PCLender representative for more information.

September 13, 2006, Honolulu, HI - PCLender.com Inc., a Honolulu-based software company, announced yesterday that it obtained $3 million in equity financing to fund a planned expansion on the mainland.

The company, which has 35 employees in Honolulu, the Philippines and the mainland, produces mortgage banking software for credit unions, community banks and mortgage companies.

Lionel Urban, PCLender's chief executive, said the company is well-positioned to help mortgage lenders operate more efficiently amid a downturn in the real estate industry. "Our software is specifically designed to streamline the mortgage process, from loan origination to secondary marketing," he said.

Sennet Capital LLC provided financial and advisory services for the deal.

Source: Star Bulletin 09/13/06, Honolulu, HI

Wholesale lending expert equates SaaS enterprise platform with improved profitability

(August 11, 2008) Honolulu, HI - PCLender.com, a fully hosted web based software and services solutions provider to mid-sized mortgage bankers and financial institutions, has named mortgage banking veteran Tom Corvo vice president for business development. Corvo, whose mortgage career spans 18 years, was an early adopter of the PCLender.com InHouse Mortgage enterprise lending platform as it was developed and launched in the mid 1990s.

Most recently, Corvo served as the Hawaii wholesale manager for Colorado Federal Savings Bank, returning to a position he had also held from 2000 to 2005 when Countrywide recruited him as a retail branch manager. Between 1995 and 2000, Corvo was the Hawaii wholesale branch manager for BNC Mortgage and WMC Mortgage, respectively.

"Credibility is a dominant factor for success in the mortgage industry," said PCLender.com vice president for sales Sean Dugan. "Not only has Tom Corvo earned his mortgage business credentials in the trenches, but he's also what you might call a true 'evangelist' for InHouse Mortgage. He understands firsthand its impact on lender profitability, and will drive that message home."

PCLender.com developed its InHouse Mortgage platform to provide a low-barrier-to -entry, variable cost solution enabling lenders to achieve operating efficiencies that increase the volume of loans per FTE. Its typical 30-day "soup to nuts" implementation cycle allows lenders to realize measurable profitability improvements in 60 to 90 days.

"This is a prime time for mortgage lenders to explore and appreciate the real business advantages of selecting PCLender's hosted platform and expert mortgage business services," said PCLender vice president for business development Tom Corvo. "Frankly, it has come as a surprise to learn that so many mortgage lenders are operating expensive, cobbled systems that do not come close to our platform's performance. I am excited for the opportunity to help rebuild an industry that has been very good to me."

About PCLender.com

Honolulu-based PCLender (www.PCLender.com) has for more than a decade helped mortgage bankers accelerate business performance goals through technology-enabled best practices guidance, services and solutions. PCLender's fully hosted enterprise mortgage lending platform InHouse Mortgage eliminates traditional "barriers to entry" for mortgage bankers, community banks and credit unions seeking business process improvements on par with the Fortune 500. For more information about PCLender contact Lionel Urban at lurban@PCLender.com.

Creates industry resource for vetting loan origination and back office solutions

(June 3, 2008) Honolulu, HI - PCLender.com, a fully hosted web based software and services solutions provider to mid-sized mortgage bankers and financial institutions, has developed and issued a comprehensive 18-point checklist of mortgage banking compliance requirements to help lenders determine the adequacy of their process automation and management strategies to minimize compliance risk.

Including federal disclosure requirements covering initial application through data and identity security; state laws concerning brokering loans, license tracking and flood insurance; fraud, anti-terrorism and reporting oversight by government agencies; and secondary market and investor guidelines - PCLender's comprehensive compliance checklist helps mortgage bankers' manage their most critical responsibilities.

"Mortgage bankers operating in the post-meltdown era are under mounting pressure to meet proliferating, interdependent compliance demands," said PCLender founder and CEO Lionel Urban. "As a service to its customers and to the industry, PCLender audited the current compliance landscape to ensure the robust and comprehensive compliance performance of its InHouse Mortgage enterprise mortgage lending and business process automation platform."

According to Urban, comprehensive compliance expertise is an essential trait for vendors and service providers to the mortgage industry, and not just a burden of mortgage bankers. PCLender's objective is to simplify the complexities of ensuring compliance at all phases of the mortgage lending process.

"Mortgage bankers that equip themselves with a comprehensive compliance checklist when evaluating current and prospective technology solutions have a leg up and are less likely to be disappointed," said PCLender vice president for sales and marketing Sean Dugan. "PCLender InHouse Mortgage customers can be confident that their compliance bases are covered and their service provider is a proactive 'big picture' compliance expert."

Federal mandates with an impact on mortgage bankers include the Community Reinvestment Act, Equal Credit Opportunity Act, E-Sign Act, Fair Credit Reporting Act, Fair and Accurate Credit Transactions Act, Flood Disaster Protection Act, Gramm-Leach Bliley, Home Mortgage Disclosure Act, Homeowner Protection Act, Homeownership and Equity Protection Act, Privacy Act, Real Estate Settlement Procedures Act, Sarbanes Oxley Act, Truth in Lending Act and, USA Patriot Act.

Government agencies and regulatory groups overseeing mortgage banking mandates include the US Department of Treasury, Department of Housing and Urban Development (HUD), the Federal Trade Commission, the Federal Bureau of Investigation, the Office of Foreign Asset Control, the Federal Financial Institutions Examination Council, and various state agencies.

PCLender tracked the following mortgage banking elements to isolate and identify specific compliance requirements: tracking new loan applications and action taken; initial application disclosures; loan closing disclosures; brokering loans; credit reporting access, disclosure, and tracking report sharing; flood zone determination, disclosure and reporting; mortgage insurance disclosure and termination requirements; providing appraisal reports; predatory lending and high cost loans; state licensing tracking; anti-terrorism and money laundering; loan fraud; HUD, agency and investor compliance; third party audits; reporting; protecting customers information; and data/file management, retention and disposal.

About PCLender.com

Honolulu-based PCLender.com (www.PCLender.com) has for more than a decade helped mortgage bankers accelerate business performance goals through technology-enabled best practices guidance, services and solutions. PCLender InHouse Mortgage is a fully hosted enterprise mortgage lending platform that eliminates traditional "barriers to entry" for mortgage bankers, community banks and credit unions seeking business process improvements on par with the Fortune 500. For more information about PCLender contact Lionel Urban at Lurban@PCLender.com

Regulatory, investor and security requirements managed on unified platform in SaaS environment

(May 6, 2008) Honolulu, HI - PCLender.com, a fully hosted web based software and services solutions provider to mid-sized mortgage bankers and financial institutions, has extended the compliance functionality of its InHouse Mortgage enterprise lending platform to encompass the entire front to back end mortgage lending continuum, protected by its SAS 70 Type II certified security and redundancy enabled infrastructure.

On the front end, the seamless InHouse Mortgage enterprise solution provides initial disclosures, data verification workflow ensuring that loan originators gather appropriate information before proceeding, state license tracking, loan program modification, and ECOA tracking. Utilizing an integrated library of over 3,000 forms allows lenders to ensure disclosures are accurately completed for RESPA, FACTA, and TILA for conforming, FHA, VA, HELOC's, and construction lending programs. InHouse Mortgage back end compliance features provide high cost checks via Interthinx or ComplianceEase, HMDA reporting and data verification.

Reporting tools are incorporated within the enterprise loan origination system to simplify the oversight of all staff including external branches and remote employees. This quickly summarizes potential compliance issues to validate the lenders policies and procedures are enforced. Additionally, integrated business logic is configured to require users to complete specific tasks such as obtaining government monitoring information for HMDA reporting prior to activities such as running credit reports.

Delivering the most sophisticated level of security and redundancy available, the InHouse Mortgage platform guarantees disaster recovery and business resumption, and includes data encryption and configurable user security rights based on role, group, or status. Developed as an on-demand software-as-a-service (SaaS) solution, PCLender InHouse Mortgage eliminates the costs associated with maintaining compliant infrastructure and enfolds compliance within its variable cost model.

PCLender.com customer Montana-based Mann Mortgage operates in Arizona, California, Colorado, Idaho, Montana, Nevada, North Dakota, Oregon, Washington, and Wyoming through 22 branch offices, seven satellite offices and approximately 200 employees. When Mann Mortgage selected the PCLender InHouse Mortgage enterprise lending platform, it took into consideration the system's security characteristics and feature functionality more so than its affordability.

"Our company selected the PCLender solution by vote based in part on its compliance with the ten Western states where we operate," said Mann Mortgage CIO Robert Jones. "We were also attracted by the fact that our data will live in American data centers, since we didn't want our data residing in third world countries."

"There is no grey area. Compliance is either a stumbling block or a stepping stone to mortgage lending success," said PCLender.com founder and president Lionel Urban. "PCLender.com has developed a compliance-centric enterprise lending solution to help lenders - especially financial institutions such as banks and credit unions - effectively manage the challenges of meeting their compliance requirements."

Automating front and back end compliance within the InHouse Mortgage orchestrated workflow allows lenders to reduce the risk of unscrupulous employee behavior or human error, while the security and redundancy portion of compliance replaces the need to maintain costly internal IT resources, allowing greater focus on lenders' core business competencies.

"Quality mortgage lending practices are founded on a comprehensive plan that ensures lender operations comply with all investor and regulatory requirements, not the least of which pertain to security and data management," said PCLender vice president for sales Sean Dugan. "The complexity of the mortgage process and the vast amount of loan record data demands that lenders adopt well-informed automation strategies and leverage dynamic technology tools to ensure enterprise compliance."

PCLender InHouse Mortgage meets the security requirements established by Graham Leach Bliley (GLB), Sarbanes Oxley (SOX), and Federal Financial Institutions Examinations Council (FFIEC). GLB provides requirements to protect customer data, SOX makes the managers and executive team liable (with criminal penalties) and FFIEC sets forth guidelines regulated institutions are required to follow.

About PCLender.com

Enterprise Lending Platform delivers compliance and risk management via Software as a Service

(May 12, 2008) Honolulu, HI -- PCLender.com, a fully hosted web based software and services solutions provider to mid-sized mortgage bankers and financial institutions, has implemented its InHouse Mortgage enterprise lending platform with ten lenders across the US in recent months, including mortgage bankers California, Connecticut, Florida, Missouri, Montana, North Carolina, Oklahoma, Pennsylvania, Utah, and Washington.

PCLender InHouse Mortgage is an end-to-end mortgage lending platform combining the functionality of ten modules from marketing and loan origination through closing, secondary marketing, warehouse line management and loan level reconciliation. Its enterprise-level, single database solution enables more unified workflow, minimizes data input errors, monitors efficiencies, and enables enterprise performance reports - including the ability to integrate Crystal Reports. A fully hosted system, InHouse Mortgage offers total mortgage data security with SAS 70 Type II certification, real time compliance updates, risk management monitoring and enterprise performance reporting.

The following lenders have selected the PCLender.com mortgage loan origination software: Academy Mortgage - Sandy, UT; Allegro Funding - Jacksonville, FL; Associated Mortgage Corporation - Tulsa, OK; Fairfield Financial Mortgage Group - Danbury, CT; Mann Mortgage - Kalispell, MT; Mantria Financial, LLC - Bala Cynwyd, PA; Midwest Mortgage Capital - St. Louis, MO; Mortgage Solutions Management - Rancho Cucamonga, CA; New American - Charlotte, NC; and Sydion Financial - Federal Way, WA have selected PCLender mortgage loan origination software.

"Mortgage lenders that select the PCLender platform are a diverse group with unique business models and operations, and solid strategies for succeeding in a new lending era," said PCLender founder and president Lionel Urban. "What they share in common is an understanding of the profound advantages offered by the adoption of an enterprise lending system delivered via software-as-a-service."

Tennessee-based Mantria Financial, a newly formed subsidiary of Mantria Corporation, funds mortgage loans to purchasers of home sites developed by subsidiary Mantria Communities.

"Mantria Financial, LLC was thoroughly impressed when introduced to PCLender and their team. They are focused around implementation, training and constant communication - something that Mantria values, as well,' said Mantria Financial LLC President and CEO Amanda Knorr. "PCLender is a one-stop-shop when it comes to their InHouse Mortgage System. The system integration with our business was completely streamlined and painless, while their 24 hour support staff provided help for quick fixes."

According to Knorr, PCLender is "the only way to go" when selecting a LOS system. She said, ". . .nothing compares to its user friendliness and superior functionality.

Charlotte, NC-based New American Mortgage has built its business on the principles of a personalized, referable, borrower experience and the ability to offer products from "A" rated and "hardship" lenders.

"New American Mortgage is focused on providing their mortgage planners, and their clients a referable working environment and borrowing experience." Said New American founder and President Casey Crawford. "We evaluated a number of LOS solutions before determining that PCLender not only delivers above par enterprise functionality, but also eliminates implementation hassles and technology ownerships cost via its hosted SaaS model." This functionality and service allows us to remain focused on serving our mortgage planners and their clients.

Salt Lake City, UT-based Academy Mortgage, this year celebrating 20 years in business, is one of Utah's largest locally-owned mortgage banks. A thriving direct lender with more than 40 U.S. offices, Academy Mortgage is focused 100% on retail operations.

"Academy Mortgage selected the PCLender enterprise mortgage solution for its superior ability to support our compliance with and commitment to investor guidelines, which in turn enables us to bring a very competitive product offering to our borrowers," said Academy Mortgage executive vice president Adam Kessler. "Its seamless enterprise workflow and reporting capabilities, and totally secure hosted delivery, helps ensure the integrity of our risk management measures."

"SaaS is gaining both understanding and momentum as the operating technology of choice for mid-sized lenders desiring robust compliance and risk management capabilities," said PCLender sales and marketing VP Sean Dugan. "In addition, lenders are losing interest in the challenges of owning, hosting and maintaining complex technology systems that leave them ‘holding the bag' when compliance guidelines change or when risk management mandates such as the Identity Theft Red Flag provisions of the FACT Act become effective."

Honolulu-based PCLender.com (www.PCLender.com) has for more than a decade helped mortgage bankers accelerate business performance goals through technology-enabled best practices guidance, services and solutions. PCLender's fully hosted enterprise mortgage lending platform InHouse Mortgage eliminates traditional "barriers to entry" for mortgage bankers, community banks and credit unions seeking business process improvements on par with the Fortune 500. For more information about PCLender contact Lionel Urban at LUrban@PCLender.com

The one-person mortgage department at $66-million Big Island FCU here doesn't need to use pen and paper for any part of the lending process, from origination to reconciliation-and hasn't for more than a decade. "I do all the processing myself, from start to finish, and I certainly don't want to go back to doing anything the manual way," said Karen Fukushima, mortgage loan administrator at Big Island.

Beyond the fact that her lending department is completely electronic, including marketing, point of sale, origination, contact management, documents, loan program, secondary marketing, reporting and imaging, none of the systems is housed at Big Island FCU, Fukushima said.

Instead, Big Island relies on a software-as-a-service (SaaS) bundle offered by PCLender, a provider of mortgage lending technology. The software, which is hosted on two servers at PCLender in Honolulu, Hawaii, serves more than 15 credit unions and CUSOs via the Internet, according to Nic Siemer, account manager. "PCLender saves time because all the mortgage forms are available online and all of the applicant information is automatically populated on all documents," explained Fukushima. "PCLender is always on top of compliance, and they accommodate our requests for customizations." "Small credit unions don't have the money to partner with a document provider," added Siemer. "So we provide their docs for them, with close to 2,700 forms on the system now."

Fukushima saves enough time everyday to interview six applicants. With a manual process, she estimated she would only be able to take two applications per day.

Asked why so many credit unions are still stuck in manual lending processes, Siemer suggested that switching from partially-manual to fully electronic lending processes can be cost-prohibitive and time consuming.

The all-electronic mortgage at Big Island is light years ahead of other paper-based processes at the CU. Although the CU can enter application data directly into the lending system, either at the branch or online, Big Island still starts the process with a paper application if members apply at a physical branch. That's because the paper application is archived along with the rest of the documents at the CU, which has not yet embraced electronic document and storage, said Fukushima.

Fukushima remembers back to the late 1980s when she used carbon paper to produce documents in triplicate. "If you made a mistake, you started over again," she said. "In the old days, you could remember the member's name, birth date and social security number because you had to write it so many times on the documents," continued Fukushima. "Now, you just enter the information once and it populates all the necessary documents."

Big Island offers fixed-rate and construction loans, booking about $500,000 per month in mortgages, said Fukushima. "That holds us over. We're just not able to compete with the banks by offering lower interest rates."

The credit union is looking into offering home equity and ARM products, which will be easily facilitated by the PCLender platform, she said.

In the midst of economic uncertainty and industry consolidation, a report from McKinsey & Company Inc., New York, says the software industry finds itself in a bright spot. Enterprise IT spending on software could increase to 35 percent by 2010-software-as-a-service being the key driver.

"Innovation in the software industry is on the rise," said Abhijit Dubey, associate principal with McKinsey. "This is good news for the industry, despite the current softness of the U.S. economy. Because the majority of the activity in the software sector occurs in North America, having customers on the lookout for innovative offerings provides some assurance that, despite industry consolidation, there's growth potential ahead."

Sixty two percent of respondents in the study, Enterprise Software Customer Survey 2008, said that software innovation in the industry is on the upswing, likely driven by two major trends: SaaS and service-oriented architecture.

In the mortgage space, companies such as PCLender.com, Honolulu, have developed mortgage lending platforms that are built on SaaS. The systems are developed to provide both time and cost efficiences as well as provide higher levels of service while tying in quality and compliance factors.

New American Mortgage, Charlotte, N.C., recently adopted PCLender.com's InHouse Mortgage enterprise lending system; the company seems to benefit from not having to confront challenges of software ownership and related costs, implementation or security concerns.

"We have a lot more flexibility now with SaaS and have a comparable level of security without the real expense and cumbersome hardware issues that come with building proprietary systems," said Casey Crawford, president of New American Mortgage. "It substantially reduces our risk and improves our scalability."

From an efficiency point of view, the company reports savings on hardware and even staff to manage systems. "We are getting efficiencies of scale without having to house internal services or worry about security monitoring," Crawford said. "We can better control originations without having huge back office structure staff."

Amanda Knorr, president of Mantria Financial LLC, Bala Cynwyd, Pa., decided to work with PCLender.com because of the ability of SaaS to streamline operations. "Everything is documented and everything is web-based," she said. "Our underwriters and processors can focus on borrowers who can have an answers back within 48 hours. The efficiencies of SaaS that are made available to us keep things moving quickly and we never run into issues of systems freezing or technical support because it is always available."

McKinsey also reported that adoption of subscription and on-demand purchasing models-inherent to SaaS and SOA-are also on the rise. Enterprises forecasted spending 21 percent of their software budgets on these pricing models.

"We see that these models already account for nearly that budget level, leading to optimism that the 21 percent level will be easily met and likely exceeded by next year," the report said. "It is especially good for SaaS vendors who by nature of their products sell either by subscription or on demand."

"Despite the economic downturn in the U.S., there is a slow but steady growth in software's share of the overall IT budget," Dubey said. "In fact, survey respondents projected that this growth will continue for the next two years, indicating that software plays an ongoing important role in delivering business productivity gains."

In terms of making decisions to adopt technology, purchasing decisions are receiving more input. The CIO and IT professionals remain the ultimate decision markers in nearly half of the enterprises surveyed, but they are consulting with more corporate and business unit functions-from finance and risk management to compliance. This could yield in a more informed decision and better integration of the technology enterprise-wide.

Article found at: http://www.mortgagebankers.org/mbanewslink/issues/2008/05/01.asp#spot1

Enterprise solutions provider emphasizes search visibility for Internet generation

(April 7, 2008) Honolulu, HI — PCLender.com, a fully hosted web based software and services solutions provider to mid-sized mortgage bankers and financial institutions, has completed the “re-visioning” and rebuild of its primary corporate website, http://pclender.com. Debuting on April 7, 2008, the site expands PCLender's commitment to “on-demand” tools via its investment in lender-centric website and Internet strategies. PCLender's corporate website serves mortgage lenders who are weighing operational options such as the selection of mortgage lending automation solutions.

“PCLender wants to serve the entire mortgage lending industry, including lenders that may only be “kicking the tires” for useful comparative information about their business and operational systems,” said PCLender vice president of sales and marketing Sean Dugan. “Similar to how our on-demand enterprise lending platform, InHouse Mortgage, brings the benefits of SaaS to its users, our corporate website now better accommodates Internet-savvy shoppers for mortgage lending automation solutions.”

Through search engine analytics and keyword mapping, PCLender ensures that lenders' use of Internet search tools such as Google is accommodated with accurate, relevant and timely content that offers clear and convenient self-paced opportunities to learn more about its solutions. Information rich, the PCLender website includes access to multi-media presentations, white papers, lender testimonials, detailed product specifications, and easy-to-access information request forms.

The firm conducted in-depth research into its Internet visibility relative to lenders' demonstrated on-line interest in search phrases such as LOS, enterprise lending platforms, investor compliance, information security, loan level profitability and data management, while monitoring its web traffic and web activity patterns.

Based on its analysis PCLender developed a new integrated marketing plan that not only included re-branding and traditional marketing elements, but also incorporated search engine optimization and professional PPC support, viral Internet marketing and a website re-design that would effectively support all of these efforts using current web design techniques, usability data and SEO best practices.

“Mortgage businesses are increasingly reliant upon the Internet to find, analyze and gain consensus on resource selection and management,” said PCLender president Lionel Urban. “Vendors that are committed to serving the industry are generous with information and thoughtful about how they deliver it. PCLender has always been a “service on demand” provider, which makes the expansion of our lender-centric approach via our corporate website a natural.”

Honolulu-based PCLender has for more than a decade helped mortgage bankers accelerate business performance goals through technology-enabled best practices guidance, services and solutions. PCLender's fully hosted enterprise mortgage lending platform InHouse Mortgage™ eliminates traditional “barriers to entry” for mortgage bankers seeking business process improvements on par with the Fortune 500. For more information about PCLender contact Lionel Urban at lurban@PCLender.com.

Receives independent certification for technology, security and customer service

(April 3, 2008) Honolulu, HI — PCLender.com, a fully hosted web based software and services solutions provider to mid-sized mortgage bankers and financial institutions, in Q1 2008 successfully completed a service auditor's review, commonly known as a SAS 70 Type II audit, of its InHouse Mortgage (IHM) and PCApproved applications. The audit was performed by SAS 70 Solutions, a nationally recognized independent auditing firm, and was completed in January, 2008. Included in the scope of the audit were PCLender.com, Inc.'s customer service control activities, as well as the general controls that support these activities.

SAS 70 is an acronym for the American Institute of Certified Public Accountants (AICPA) Statement on Auditing Standard (SAS) No. 70, titled “Reports on the Processing of Transactions by Service Organizations.” SAS No. 70 defines the professional standards used by a service auditor to assess the internal controls of a service organization and issue a service auditor's report.

"A Type I report describes the service organization's description of controls at a specific point in time (e.g. June 30, 2003). A Type II report not only includes the service organization's description of controls, but also includes detailed testing of the service organization's controls over a minimum six month period (e.g. January 1, 2003 to June 30, 2003).

"In a Type I report, the service auditor will express an opinion on (1) whether the service organization's description of its controls presents fairly, in all material respects, the relevant aspects of the service organization's controls that had been placed in operation as of a specific date, and (2) whether the controls were suitably designed to achieve specified control objectives.

"In a Type II report, the service auditor will express an opinion on the same items noted above in a Type I report, and (3) whether the controls that were tested were operating with sufficient effectiveness to provide reasonable, but not absolute, assurance that the control objectives were achieved during the period specified."

In order to complete the audit, PCLender.com, Inc. management developed control objectives for the significant areas of internal control that support the InHouse Mortgage enterprise lending platform and PCApproved online applications. The control objectives in the 2008 report addressed Computer Operations, Information Security, Application Development and Maintenance Activities, Data Communications, and Customer Service.

The service auditor performed extensive testing of the control activities implemented by PCLender.com and, following this rigorous examination, the auditing firm was able to issue an unqualified opinion.

PCLender.com, Inc. management recognizes that Sarbanes-Oxley legislation has placed an increased focus on the internal controls of valued business partners. The SAS 70 audit report is designed to provide clients with a certain level of assurance regarding the controls that are maintained by PCLender.com, Inc. management.

The auditor's SAS 70 report addresses all five components of internal control outlined in the Sarbanes-Oxley legislation, namely the control environment, risk assessment activities, control activities, information and communication systems, and monitoring activities.

“PCLender.com management understands the ever increasing importance of corporate governance, as well as the impact of our services on our clients' system of internal controls,” said PCLender.com founder and president Lionel Urban. “The successful completion of the 2008 SAS 70 Type II audit is only part of PCLender.com's continued commitment to maintaining a high level of internal control. PCLender.com, Inc. has engaged its service auditor to a long-term contract whereby PCLender.com, Inc. will undergo a Type II audit on an annual basis.”

(March 17, 2007) Honolulu, HI — PCLender, a technology-enabled provider of best practices guidance, services and solutions to the mortgage industry, has named G. Lynn McGee Eastern Division Sales Manager. She will spearhead strategies to demonstrate PCLender solutions and services to eastern U.S. regional mortgage lenders that want to improve performance and profitability through quality lending practices. Specifically, she will introduce mortgage bankers, community banks and credit unions to the benefits of PCLender InHouse Mortgage, the enterprise lending platform delivering the advantages of software-as-a-service (SaaS) in an end-to-end solution.

Most recently, McGee was national sales manager for a mortgage software hosting company, where she built its major accounts sales strategy and national sales team. Her mortgage industry sales background includes the role of senior sales executive with enterprise loan origination technology provider MortgageFlex. An experienced mortgage lender, McGee has held the positions of loan registration analyst, securities settlement analyst and mortgage loan closer, providing her with an in-depth comprehension of the complex and multi-faceted mortgage lending process.

“Mortgage industry sales executives that possess G. Lynn McGee's scope and expertise are a real asset both to PCLender and to our customers,” said PCLender founder and president Lionel Urban. “She has a rare 360 degree perspective on mortgage lending and sophisticated lending automation, including how to achieve quality lending operations while reaching profitability goals.”

“Selling technology solutions and business support services to the mortgage industry is a mutual education process that becomes the linchpin of a future relationship,” said PCLender Eastern Division Sales Manager G. Lynn McGee. “I personally believe mortgage lenders know what they need to accomplish to succeed, but can be vulnerable to sales rhetoric that may not clearly or honestly address their business needs.”

McGee attended Maryville University, St. Louis, MO.

PCLender's InHouse Mortgage LOS delivers compliant, quality portfolios to the secondary market via CitiMortgage partnership

(Janaury , 2007) Honolulu, HI — PCLender, a technology-enabled provider of best practices guidance, services and solutions to the mortgage industry, and CitiMortgage, a member of Citi, the leading global financial services company, have extended their Affinity agreement. This agreement enables PCLender InHouse Mortgage customers to do business with CitiMortgage's investing arm via PCLender's secure lending platform, and provides real time updating and compliance screening capabilities for loan portfolios.

“We are very pleased to announce the continued partnership between PCLender and CitiMortgage,” said Lionel Urban, founder and president of PCLender. “Our mission is to empower lenders to deliver the highest quality loan product both to the consumer and the capital markets. We believe that expertise and quality lending practices equate to the highest level of success for lenders. Our continued relationship with CitiMortgage in the midst of current market conditions speaks to the level of trust PCLender's compliance and quality assurance solutions have earned throughout the industry.”

PCLender combines as many as eight key components of the loan origination process in a seamless configuration that fully supports complex compliance requirements and offers an ideal data security environment. Through this partnership, PCLender and customers gain access to unique synergies that result from combining PCLender's cutting edge, Web-based mortgage compliance and technology solutions with CitiMortgage's industry leading lending expertise and secondary market presence.

Some of the unique benefits to lenders through this partnership include:

“Land/Home has always experienced exceptional loan processing functionality and customer service from PCLender, its affinity program with CitiMortgage underscores our confidence in its enterprise LOS platform.” said Land Home Financial Services, Inc, COO, Brenda Usher. “When market conditions include a great deal of uncertainty, our vendor partnerships can be invaluable, especially when they deliver improved incentives and services from major investors such as CitiMortgage.”

IRVINE, CA, November 7, 2007 - Loan Score Decisioning Systems LLC, an emerging leader in enterprise-class automated underwriting solutions for lending institutions, has completed a comprehensive, “7-point” integration with PCLender, a Web-based software and service solution provider for mortgage bankers. The integration provides PCLender's client base with seamless access to Loan-Score's automated underwriting system (AUS) directly from its loan enterprise lending platform.

Loan-Score's AUS decisioning solution delivers instant product eligibility, pricing and automated underwriting approvals complete with all possible conditions to the point-of-sale (POS) for the wholesale, retail and correspondent/conduit lending channels. Once a 1003 is entered into Loan-Score's system and the loan is decisioned, data elements are automatically matched and populated into the appropriate fields in PCLender's LOS, thus eliminating the need to re-key data and reducing costly errors. The integration also allows for the flow of loan-level details and real-time status between back-end processing staff and loan officers at the POS web portal.

“In today's volatile mortgage market it is pivotal that lenders accurately price and underwrite loans of high quality,” said Scott Burgess, President of Loan-Score. “Whether evaluating A, B or C paper, the tight integration between our AUS and PCLender's enterprise lending platform offers its users assurance that their loan was approved in accordance with ever-changing secondary market conditions and investor guidelines. While there are many product and pricing engines available on the market today that purport to offer A/U, the vast majority of them do not come close to returning the complex, layered-risk analyses required of a true automated underwriting solution. The use of Loan-Score's AUS through PCLender ensures that loans unequivocally meet the many nuances of investor guidelines to find best-fit homes for loans, and that those loans are not later kicked back by highly discriminating investors on a trivial technicality.”

“Expert underwriting is inseparable from quality lending, especially at a time when loan files are under close scrutiny and compliance is increasingly complex,” said Lionel Urban, President of PCLender. “Loan-Score's advanced AUS solution adds value to our customers who want to take advantage of true automated underwriting integrated directly from our loan processing system. The professional credit policy team at Loan-Score does an expert job of updating constantly changing investor guidelines and rates to ensure elevated quality control measures. We are pleased to make Loan-Score available to our growing client base.”

This new integration also allows lender-controlled levels of information and pipeline visibility to easily be displayed for production staff using Loan-Score's broker, retail or correspondent/conduit portals.

Founded in 2000 and based in Irvine, California, Loan-Score Decisioning Systems, LLC offers the industry's most accurate eligibility/pricing engine that accompanies a true enterprise-class AUS on a software-as-a-service (SaaS) basis for all lending channels. Loan-Score maintains a comprehensive, up-to-date library of investor guidelines and pricing to ensure eligibility is met and market conditions are adjusted to deliver precision-based underwriting that results in fundable loans. The company's solutions are engineered to deliver swift, cost-effective implementations that integrate with existing LOSs and avoid inflexible programming efforts and high maintenance costs. Through Loan-Score's unique approach to customer service, the company's on-demand SaaS model offers clients the option to utilize its extensive library of investor guidelines, or the ability to manage unique program guidelines themselves. Loan-Score's solutions are in production with small, medium and large lending institutions. For more information, visit www.loan-score.com or call 949-450-0102.

PCLender.com provides web based software and services solutions to mid-sized mortgage bankers. Its mission is to empower lenders to deliver expert mortgage banking services while delivering the highest quality loan product both to the consumer and the capital markets. PCLender.com believes that expertise and quality lending practices equate to the highest level of success for lenders, and our systems and solutions are designed to help them.
Built with increasing compliance and security requirements in mind, the PCLender.com fully hosted enterprise mortgage lending platform, InHouse Mortgage, integrates the functionality of up to eight different systems, offers guaranteed on time implementation, and ensures a best-of-breed experience end-to-end. Its browser-based thin-client architecture secures data at the server, away from laptops and storage devices - allowing mortgage bankers to sleep at night.

PCLender.com maintains a secure SAS70 certified data center and operations, and includes security and access rights management tools in its platform. Low upfront costs and transaction-based pricing help eliminate traditional “barriers to entry” for mortgage bankers seeking business process improvements on par with the Fortune 500.

CONTACT:
Joe Bowerbank
Loan Score Decisioning Systems, LLC
949.450.0102, ext. 20
jbowerbank@loan-score.com

Virtual file allows lenders to store and track loan documents from pre-qual to post closing

(October 9, 2007) Honolulu, HI -- PCLender.com, a web based software and services solutions provider to mid-sized mortgage bankers, has added integrated imaging and document management to its InHouse Mortgage Enterprise Lending System, providing lenders new levels of efficiency for loan processing, underwriting, investor delivery, and file archiving.

PCLender's imaging component includes web based document storage allowing all users with access to the InHouse Mortgage system to load and view documents via a completely hosted system. All stored document images are linked both to loan status and conditions specific to a loan's requirements. The system allows management to assign security rights to view, load or clear documents based on a user's role in the transaction.

Users of PCLender's document imaging and management component will experience the following benefits:

*Originators can easily link images such as pay stubs, W-2's or bank statements for centralized review by the processing and underwriting departments
*All documents required for electronic delivery to the investor can be managed and exported for streamlined loan delivery to investors
*Reduced copy and storage expenses associated with file storage and archiving
*Simplified documents search for closed, cancelled, and denied transactions
*Streamlined process for outsourcing solutions such as contract processing, underwriting or quality control reviews
*Simplified implementation and training steps for immediate system integration and use

“Due to the rigorous demands of the real estate lending marketplace, and the need to streamline processes, lenders of tomorrow will require document imaging and management to be successful,” said Bridgelock Capital COO Brent Houston about the firm's decision to implement the PCLender tool. “The PClender component allows me to quickly identify and assign accountability to each of my staff members throughout the entire process.”

“Lenders need document imaging and management tools to function seamlessly from loan application through post closing and secondary marketing,” said PCLender founder and president Lionel Urban. “The imaging module of PCLender's InHouse Mortgage system allows lenders to create a virtual file at loan prequalification and through it to manage all relevant documents across the loan lifecycle.”

User tools include easy drag and drop, or icon features to organize and approve documents in the virtual loan file. In addition, document images may be viewed on a Clipboard basis to create a virtual file while working within a loan transaction. For long term storage, lenders may archive document images either online or on their on their own system.

Bridgelock Capital is the NextGEN Subprime Lender incorporating common sense underwriting for borrowers and/or properties that do not meet conventional underwriting guidelines. With over 30 years of experience, Bridgelock Capital incorporates technology and autonomy, to ensure that each transaction is successfully completed in a timely manner.

Built from the ground up with increasing compliance and security requirements in mind, the PCLender.com fully hosted enterprise mortgage lending platform, InHouse Mortgage, integrates the functionality of up to eight different systems*, offers guaranteed on time implementation, and ensures a best-of-breed experience end-to-end. Its browser-based thin-client architecture secures data at the server, away from laptops and storage devices, allowing mortgage bankers to sleep at night. InHouse Mortgage enables experienced and emerging mortgage bankers to adapt rapidly in an always-evolving marketplace, managing the complexities of investor compliance while ensuring optimum pricing for a diverse product mix. Further, PCLender maintains a secure SAS70 certified data center and operations, and includes security and access rights management tools in its platform. Its low upfront costs and transaction-based pricing help eliminate traditional “barriers to entry” for mortgage bankers seeking business process improvements on par with the Fortune 500.

* point of sale, processing, underwriting, finding, initial disclosures, closing documents, programs and pricing, secondary marketing, warehouse line management, loan reconciliation, interim servicing, data checks/workflow, integrated vendor interfaces, integrated retail/wholesale websites, and integrated online application.

June 19, 2007, ATLANTA--(BUSINESS WIRE) --Depth Public Relations, an Atlanta, Georgia, provider of public relations and marketing strategies has signed PCLender.com, a web-based software and service solution for mortgage bankers.

"PCLender.com wanted to work with a strategic public relations provider that knows how to convey our firm's value proposition to the mortgage industry," said PCLender.com COO Joe Goebel. "We selected DepthPR based on its industry expertise and the reputation of its principal strategist."

"PCLender.com is an ideal DepthPR client," said DepthPR principal and founder, Kerri Milam. "Its business model focuses on delivering real innovation to the mortgage industry through its expert services, the InHouse Mortgage enterprise lending platform and its leadership in the Quality Lending Alliance."

PCLender.com, which has recently announced alliances with Optimal Blue, idsDoc and DocuTech, in June launched its warehouse line and loan reconciliation feature for mid-size mortgage lenders that want to ensure profitability is not eroded by inefficient or inaccurate loan processing activity.

Depth Public Relations was formed in 2006 to leverage its founder's more than 25 years' experience in providing a full range of PR and marketing services to the financial services and housing development industries. The firm is providing services to a select clientele in those industries and others. Depth Public Relations is a member of the Mortgage Bankers Association.

December 4, 2006, Honolulu, HI - PCLender.com Inc., a leading provider of enterprise software and services for the mortgage banking industry, announces it is simplifying compliance and security concerns for lenders. As scrutiny by regulators and secondary marketing investors continues to increase in the mortgage industry, the company is the first to provide mortgage professionals with a secure system of software and table management that manages and secures data so that they remain compliant with regulations, while remaining one of the easiest and most affordable solutions available.

"Our goal is to help lenders manage the complexity of the industry as an integrated solution. With this process compliance is much faster and easier to implement. With so many moving parts in the areas of compliance and security, and regulations continuously increasing, originators can find themselves spending more time on regulatory concerns and less on closing loans," said Lionel Urban, President of PCLender.com. "Our holistic approach allows us to assist with the maintenance of their LOS thereby simplifying the process of compliance for much lower costs. As a result, we not only eliminate the need for lenders to buy additional technology hardware and service, but we also help them improve productivity."

Many of PCLender's customers are banks, already under increased scrutiny from regulators. PCLender's data centers are SAS-70 compliant, bringing additional comfort to lenders concerned with their data security and compliance risks.

Some of the compliance and security issues that PCLender manages include:

* State licensing tracking for employees and vendors
* Product eligibility with links to the lenders pricing
* Documenting applicant communication and issuance of disclosures
* Initial state disclosures
* ECOA (Equal Credit Opportunity Act)
* HMDA (Home Loan and Mortgage Disclosure Act)
* TILA (Truth in Lending Act)
* FHA (Fair Housing Act)
* HOEPA Section 32 loans (Home Ownership and Equity Protection Act)
* Gramm-Leach Bliley (Data Privacy Act

Additionally, one of the greatest risks for data loss involves the storage of consumer information on laptop computers or remote work stations. A host of news stories in recent months have illustrated the danger of this practice, due to the ease with which laptops can be stolen or many security systems can be breached. PCLender eliminates these concerns and protects the privacy of customer data for lenders by providing the following:

* Data is stored in PCLender's SAS-70 approved data center secured by biometric access and high speed servers which reside behind multiple firewalls and are monitored 24 hours a day, seven days a week

* Customer data is segregated in exclusive databases that segregates the lenders data while providing maximum system configuration options

* PCLender manages the data and provides exclusive summary reports to lenders that analyzes appropriate system use and identifies multiple compliance related issues

* Centralized password management is implemented for two way credit, AUS, Flood, and document interfaces. Password management for individual users or the lenders branches increases security as well as simplifies accounting practices

* Upgrades, patches, and PCLender's supported tables are applied automatically to all lenders' databases at no additional cost

"Regulations are increasing, and so is the risk of data theft. The truth is, if lenders are non-compliant it can mean fines, lawsuits or even jail time," stated Urban. "Already, 34 states have passed legislation that requires lenders to notify consumers if a breach occurs and personal data is compromised. At PCLender, our customers do not worry about data security risks and have more time to focus on building revenue."

Read article from Originator Times website

October 18, 2006, Middleton, WI - Greystone Residential Funding, Inc. announced the formation of a strategic alliance with PCLender.com, a Honolulu-based provider of front-to-back end mortgage technology solutions. This new alliance combines the power and knowledge of the two companies, bringing together Greystone's mortgage industry experience with the technology expertise of PCLender.com. The result is a comprehensive, yet simple, solution for building and managing mortgage operations.

"PCLender.com's loan origination software (LOS) is distinctive, well-defined and easy to use. We're excited to be able to offer it to our clients," said Dan Rotert, President and Chief Executive Officer of Greystone Residential Funding, Inc. "Through this alliance, we will be able to provide a streamlined front-to-back technology solution with seamless third party vendor integration. Coupled with our mortgage expertise, we can provide a solution for every need a credit union or community bank may have. We are able to support a number of unique business channels utilizing the same system."

PCLender.com's application service provider (ASP) system offers financial institutions a practical alternative to purchasing and implementing complex technology systems themselves. The InHouse Mortgage (IHM) solution enables credit unions and community banks to control more precisely the total cost of technology ownership through a fee-structure based on closed loans. In addition, with data processing performed off-site by a third-party provider, they have more time to concentrate on customer service and their core expertise.

"Our technology is designed for mortgage professionals who demand high quality software in an easy-to-understand format," said Lionel Urban, President of PCLender.com. "We're pleased to have this opportunity to team up with Greystone Residential Funding as they continue to find new ways to help their clients save time and enhance productivity."

Source: Origination Times

DocuTech and PCLender.com Form Strategic Alliance, Streamline Mortgage Documents Processing

June 20, 2007, IDAHO FALLS - DocuTech Corp., a leading provider of compliant mortgage documents and services, announced today its strategic alliance with Honolulu-based PCLender.com, a web based software and service solution. The alliance integrates DocuTech's compliant documents with the PCLender.com enterprise mortgage lending system.

PCLender's fully hosted on-demand enterprise lending system, InHouse Mortgage, is scaleable both for small and mid-sized originators and mortgage lenders, delivering real-time electronic loan folder sharing to all parties working on a loan. The integration of DocuTech's ConformX with InHouse Mortgage creates a Web-based solution that transforms an Internet connection into a 24-hour loan origination or closing office. This alliance ensures that users will enjoy secure loan processing with documents that are compliant with all state and federal regulations while enabling an origination and closing process that is quick and accurate for both brokers and lenders.

"PCLender.com was interested in selecting a document provider whose technology could both seamlessly integrate with our enterprise lending system and provide the assurance of compliant and secure document delivery," said Lionel Urban, president of PCLender.com. "ConformX is 100 percent compliant with all government regulations and the company's products are backed by a solid reputation of providing the industry's highest quality loan documents."

DocuTech offers the distinct advantage of enabling PCLender.com customers to create custom document sets for 'generic' loan products, enhancing their secondary marketing delivery options, Urban added.

Paperless processing and seamless integration allow lenders and brokers using InHouse Mortgage with DocuTech's ConformX to benefit from the increased speed with which loans can be originated and processed. This new alliance also makes DocuTech's compliant documents available to brokers, giving them affordable access to the same systems used by larger banks.

"The PCLender.com enterprise lending system enables brokers and lenders to easily input and manage loan data in one easy to use system," said Monte Larsen, CMO of DocuTech. "DocuTech helps customers increase productivity and loan volume with the added security of web-based compliant documents. This alliance will help brokers and lenders close more loans with greater accuracy, and allow every member of the team to work together."

Built with increasing compliance and security requirements in mind, the PCLender.com fully hosted enterprise mortgage lending platform, InHouse Mortgage, integrates the functionality of up to eight different systems, offers guaranteed on time implementation, and ensures a best-of-breed experience end-to-end. Its browser-based thin-client architecture secures data at the server, away from laptops and storage devices - allowing mortgage bankers to sleep at night.

InHouse Mortgage enables experienced and emerging mortgage bankers to adapt rapidly in an always-evolving marketplace, managing the complexities of investor compliance while ensuring optimum pricing for a diverse product mix. Further, PCLender.com maintains a secure SAS70 certified data center and operations, and includes security and access rights management tools in its platform. Its low upfront costs and transaction-based pricing help eliminate traditional "barriers to entry for mortgage bankers seeking business process improvements on par with the Fortune 500.

Since 1991, DocuTech Corp. (DocuTech) has provided outstanding compliance services and documentation technology for the mortgage industry. To date, DocuTech has the largest, most complete document library in the industry with thousands of customized investor documents, federally and state compliant in all 50 of the United States.

Also a provider of an all-in-one fulfillment center (DocXcel™) that helps companies to increase the number of compliant initial disclosures, printed and mailed, to prospective borrower within government-mandated deadlines.

DocuTech's software interfaces with leading loan origination systems (LOS) and enables mortgage professionals to generate documents locally, which increases efficiency, reduces time, eliminates errors and omissions and provides added convenience to homebuyers. DocuTech manages and secures all information needed for a loan, guaranteeing accuracy, security and compliance. For more information, call 800.497.3584 or visit the company's Web site at www.docutechcorp.com.

PCLender.com Integrates with IDS, Inc.
100 percent mortgage document compliance is critical to a total quality lending enterprise.

HONOLULU--(BUSINESS WIRE)--PCLender.com a web based software and service solution has integrated with web-based document preparation system idsDoc, creating a functional advantage for mid sized mortgage bankers. Seamlessly integrated with PCLender's InHouse Mortgage enterprise lending platform, idsDoc benefits lenders through access to fully compliant initial and closing documents that meet federal, state and investor specific requirements.

Through the idsDoc integration, PCLender.com customers can be confident in their mortgage documents, knowing that all forms are kept up to date by the IDS internal compliance department. Additionally, idsDoc can perform a compliance check called ComplianceAnalizer, powered by ComplianceEase®, a constantly updated, multi-jurisdictional review. This gives lenders a final check after all changes have been made to the loan. Beyond compliance, the PCLender interface transfers all data smoothly, allowing for all customizations, audits, reports and other value added resources included in idsDoc.

"We sought the IDS integration because mortgage bankers need to provide fully compliant documents 100 percent of the time with confidence," said PCLender.com founder and president Lionel Urban. "idsDoc is a superior document ordering platform which integrates cleanly with the InHouse Mortgage platform, and provides user support resources in a manner on par with PCLender.com quality lending standards."

PCLender's InHouse Mortgage fully hosted end-to-end enterprise lending platform combines up to eight key components of the loan origination process, including vendor integration and integrated retail/wholesale websites. Its seamless configuration fully supports complex compliance requirements in an ideal data security environment. InHouse Mortgage provides an integration-friendly environment allowing for guaranteed on time implementation, and ensuring a best-of-breed experience.

"Compliant disclosures and closing documents have never been more critical to mortgage lenders," said Curt Doman, president and CEO of IDS, Inc. "We developed idsDoc to reflect the functionality of loan origination systems we feel particularly privileged to be an integration partner with a dynamic system such as PCLender.com."

For 20 years, IDS Inc. has been a nationwide provider of mortgage closing documents. In this time, IDS Inc has become recognized in the industry for flexibility towards its clients. The idsDoc system is fully customizable to any legal, compliance, and automation requirements of each lender. In addition, IDS Inc. backs the system with unsurpassed customer service. For lenders looking for a flexible and accelerated document ordering process with 24hr support; visit our website at www.idsdoc.com or call 800-554-1872, and ask for a free trial of idsDoc.

InHouse Mortgage enables experienced and emerging mortgage bankers to adapt rapidly in an always-evolving marketplace, managing the complexities of investor compliance while ensuring optimum pricing for a diverse product mix. Further, PCLender.com maintains a secure SAS70 certified data center and operations, and includes security and access rights management tools in its platform. Its low upfront costs and transaction-based pricing help eliminate traditional "barriers to entry" for mortgage bankers seeking business process improvements on par with the Fortune 500.

(a) point of sale, processing, underwriting, funding, initial disclosures, closing documents, programs and pricing, secondary marketing, warehouse line management, loan reconciliation, interim servicing, data checks/workflow, integrated vendor interfaces, integrated retail/wholesale websites, integrated online applications

Source: Business Wire

PCLender Integrates Optimal Blue Pricing Engine
- Level I integration ensures a true end-to-end enterprise lending platform

(April 9, 2007) Honolulu, HI - PCLender, a technology-enabled provider of best practices guidance, services and solutions to the mortgage industry, has integrated Optimal Blue's product eligibility and pricing engine (PPE) technology with its end-to-end hosted enterprise lending platform. Optimal Blue is the industry-leading provider for comprehensive, Web-based technology that couples decisioning technology with content management for the mortgage industry.

The Optimal Blue integration allows PCLender users to experience improved efficiency and accuracy by eliminating the need for redundant keying of data. Optimal Blue's advanced mortgage automation system delivers product and pricing capabilities coupled with comprehensive, accurate content, enabling PCLender users to source, manage, price and lock loans in real time. In addition, Optimal Blue maintains thousands of complex mortgage products, creating time savings that result in faster loan delivery and greater profitability for PCLender's users.

"Mortgage bankers rely heavily on robust pricing and product analysis to ensure portfolio marketability," said PCLender founder and president Lionel Urban. "Optimal Blue is the ideal integration partner for the PCLender platform because we have similar objectives for bringing value to our customers. We agreed at the earliest stages that Level I integration is essential for the kind of fully managed end-to-end lending solution that is increasingly attractive both to experienced and emerging mortgage bankers."

PCLender combines as many as eight key components of the loan origination process, including vendor integration and integrated retail/wholesale websites, in a seamless configuration that fully supports complex compliance requirements and offers an ideal data security environment. Additionally, PCLender offers guaranteed on time implementation, and ensures a best-of-breed experience, while remaining affordable.

"Optimal Blue provides more than just technology, we provide business solutions," said Larry Huff, co-CEO of Optimal Blue. "In today's mortgage environment, having a product eligibility and pricing engine is a necessity, as it enables mortgage bankers to source, price, manage and lock a loan within minutes. With the loan origination system being the core of the loan process, being able to integrate our solution seamlessly with PCLender offers tremendous benefits, as mortgage bankers can improve efficiency, closing more loans faster and accurately, which in turn increases profitability."

Accumulating hundreds of investor rate sheets a day, Optimal Blue developed sophisticated automation tools to monitor pricing updates every five minutes throughout the business day to ensure timeliness and accuracy of investor information. Leveraging Optimal Blue's ability to manage the complexities of investor product guidelines in virtually real time, PCLender's platform enables mortgage bankers to adapt rapidly in the always-evolving mortgage marketplace.

Founded in 2003, Optimal Blue is a Web-based provider of product eligibility and pricing engine (PPE) technology. Based in Plano, Texas, Optimal Blue has developed a comprehensive suite of products designed to give lenders the ability to automate the management and distribution of their products and pricing, enabling originators to then source, manage, price and lock loans in a way that is efficient, accurate and easy to use. Without having to be technology experts, Optimal Blue's solutions allow clients to leverage superior technology for a competitive advantage. For more information, please visit www.optimalblue.com.

Honolulu-based PCLender is a technology-enabled provider of best practices guidance, services and solutions to the mortgage industry. Founded in 1997, PCLender focuses on helping mortgage bankers accelerate business performance goals and achieve greater mortgage expertise. Built from the ground up with increasing compliance and security requirements in mind, PCLender's fully hosted enterprise mortgage lending platform integrates the functionality of eight different systems*, offers guaranteed on time implementation, and ensures a best-of-breed experience end-to-end. Its browser-based thin-client architecture secures data at the server, away from laptops and storage devices, allowing mortgage bankers to sleep at night. PCLender's platform enables experienced and emerging mortgage bankers to adapt rapidly in an always-evolving marketplace, managing the complexities of investor compliance while ensuring optimum pricing for a diverse product mix. Further, PCLender maintains a secure SAS70 certified data center and operations, and includes security and access rights management tools in its platform. PCLender's low upfront costs and transaction-based pricing eliminate traditional "barriers to entry" for mortgage bankers seeking business process improvements on par with the Fortune 500.

AppIntell and PCLender Team Up to Expand Direct Access to Fraud Detection Services during the Loan Origination Process

St. Louis, MO (July 21, 2004) AppIntell, Inc., the leading provider of data integrity, fraud prevention, risk assessment and mitigation tools for the residential lending industry, today announced its strategic partnership with PCLender, a respected provider of front to back end mortgage technology solutions. This relationship has culminated in the development of a direct interface between AppIntell's DISSCO fraud detection and prevention system and PCLender's In House Mortgage (IHM) loan origination program. As a result, IHM users will be able to quickly and easily submit loans from the loan origination system to AppIntell for fraud analysis.

Clients originating mortgage loans using the IHM system are now able to directly export the loan applicant information to the DISSCO system without having to leave the system or re-enter the information. The DISSCO system analyzes the loan applicant information utilizing a wide variety of internal and external databases to identify misinformation. After the analysis is completed, an electronically formatted report is returned containing a single data integrity score based on thousands of data comparisons, along with specific recommendations on how to remedy the problems identified.

"We realize most institutions need additional support to verify the accuracy of the loan applicant information they receive," said Lionel Urban, President of PCLender. "Resources to assist lenders with the quick detection of fraud in mortgage loans are quickly becoming a necessity. After much research, we determined that AppIntell offers the most reliable fraud detection technology solution available. Partnering with them was the clear choice, as we are committed to developing vendor relationships that best meet our clients' needs."

"While fraud detection solutions can be implemented during many phases of the mortgage loan process, they are most effective at minimizing loss when utilized during loan origination," said Stephen Gott, CEO of AppIntell. "We are very excited to have this opportunity to team up with PCLender to provide their clients with a comprehensive fraud detection solution early in the loan approval process."

This new direct user interface resulting from AppIntell and PCLender's strategic alliance will be available to IMH customers by the end of July.

October 24, 2005, San Francisco & Honolulu - ComplianceEase®, a division of LogicEase Solutions Inc., a premier provider of regulatory compliance and risk management solutions, and PCLender.com, a leading provider of web-based loan origination software, today announced the companies' strategic partnership and seamless integration of ComplianceEase's automated compliance solution, ComplianceAnalyzer™, into PCLender's loan origination system, InHouse Mortgage (IHM).

The integration of ComplianceAnalyzer into IHM allows PCLender users to obtain instant reviews of federal, state and local lending laws and regulations, including state license and consumer credit laws, entirely from within PCLender at the point of origination. Benefits include accelerated loan closing, increased loan quality, detailed analysis of loan compliance findings, and fewer complications with lending regulations.

"Prior to using the integration to ComplianceAnalyzer from within IHM, users had to first export the file to the template and then import the file to the ComplianceEase website," said Jessica Gilbert, Technical Training for Residential Finance America. "In this process, many of the data fields were lost in translation due to the programming structure which then required users to take multiple steps in order to complete compliance on a file which was then very time consuming and at times frustrating to the user."

"Now, with just a few clicks of a mouse, users can run ComplianceAnalyzer successfully without having to ever leave IHM," added Gilbert. "No more importing or exporting and definitely no loss of data between the interface and database. Correcting errors on a report is also much less work since you can immediately go to the trouble spot of your loan in PCLender and make the corrections on the spot."

"We are excited at the opportunity to offer our customers ComplianceAnalyzer access through IHM," said Lionel Urban, President of PCLender. "ComplianceEase has been a great partner to work with and their workflow and collaboration features clearly differentiate them from the competition. By partnering with ComplianceEase, we can close the loop for our clients, add value to our business relationship, and make their internal processes even more efficient. We consider this to be a win-win-win situation for all parties involved."

ComplianceAnalyzer is recognized as the industry-standard automated compliance solution and is used by a wide variety of mortgage banking institutions. ComplianceAnalyzer utilizes advanced rules-based decisioning technology to review loan data against an exhaustive and updated legal rules library. The solution organizes results of a compliance review into threshold and variance analyses; individual itemizations of points and fees tests; reasoning; calculations; and citations of relevant legislation in an easy-to-read report.

PCLender is focused on providing automation solutions to streamline all stages of the mortgage banking process including origination, processing, approval, closing, and delivery of loans to the secondary market. It offers an enterprise class system that is ideal for small to mid-size mortgage lenders, banks and credit unions. PCLender's product suite captures all consumer entry points, thus creating simplified process for the consumer and the lender. Its systems are an all inclusive solution encompassing software, hardware, vendor interfaces, and table/data management to facilitate the implementation process of "Best Business Practices."

"We are excited about our partnership with PCLender," said David Girling, executive vice president of ComplianceEase. "With this connectivity, users can seamlessly access our automated compliance solution from within the PCLender environment, via the click of a mouse or as an automatic trigger. This bypasses the integration challenges many lenders face, and enables them to immediately start auditing loans for compliance with ComplianceAnalyzer."

ComplianceEase, a division of LogicEase Solutions Inc., headquartered in the San Francisco Bay Area, is a premier provider of intelligent business solutions to the financial services industry. ComplianceEase's web-based platform -- ComplianceAnalyzer -- is the mortgage industry's leading automated compliance solution. The ComplianceEase expert system utilizes advanced reasoning and decisioning technologies as well as natural language processing to power beginning-to-end solutions in a fraction of the time and for a fraction of the cost of traditional approaches, while providing high levels of accuracy and integrity. ComplianceEase's significant and growing client base includes top tier mortgage lenders, banks, and Wall Street firms. Managed by a team of highly experienced and innovative mortgage professionals, the company is funded by the First American Corporation, the WI Harper Group, and the senior management team. For more information about ComplianceEase, visit www.ComplianceEase.com or call 1-866-212-Ease.

Founded in 1999, PCLender.com Inc. provides hosted software and services to the mortgage banking community. PCLender is focused on delivering low maintenance industry-compliant software solutions to banks, credit unions, and mortgage companies. PCLender empowers lenders to profitably deliver the lowest possible loan rates to consumers by integrating all of the major technology components through the Internet. This streamlines business processes for mortgage lending organizations through cost effective and easy-to-implement tools that provide immediate ROI. For more information about PCLender, visit www.pclender.com or call 1-877-536-6886.

Contacts

* How Lenders Can Gain Yardage in a Down Market (Mortgage Technology) - 06/16/2008

* How the 1-Person Mortgage Department at Big Island FCU Does It.(Credit Union Journal)
5/28/2008

* SaaS Drives Software Industry (MBA NewsLink) - 05/01/2008

* PCLender Names Mortgage Veteran Tom Corvo VP Business Development - 08/11/2008

* PCLender.com Issues 18-Point Comprehensive Compliance Checklist - 06/03/2008

* PCLender.com Extends Mortgage Lending Compliance Functionality - 05/06/2008

* PCLender.com Adds Ten Mortgage Lenders in Ten States - 05/12/2008

* PCLender.com Launches Information On-Demand Website - 04/07/2008

* PCLender.com Completes SAS 70 Type II Audit - 04/03/2008

* PCLender Adds G. Lynn McGee as Eastern Division Sales Manager - 03/17/2008

* CitiMortgage Extends Affinity Relationship with PCLender - 01/10/2008