PCLender.com Signs Six Lenders for SaaS LOS Solution

Mortgage processing platform includes key integrations, comprehensive compliance    safeguards, total imaging component

(October 15, 2008) Honolulu, HI - PCLender.com, a fully hosted web based software and services provider to mid-sized mortgage bankers and financial institutions, added contracts with six lenders in August and September. During the summer's unprecedented economic uncertainty in the financial services sector, lenders in California, Oklahoma, Utah and Tennessee sealed their evaluation of the PCLender.com solution with signed implementation agreements.

Acopia Capital Group, a Tennessee-based wholesale lender licensed in 17 Midwest and Southeast states, works with broker and community bank originators. It wanted a complete end-to-end (enterprise) platform that would allow it to combine its pricing engine and its LOS when it chose PClender.com. Acopia has been using the Optimal Blue pricing engine since March 2008, and PCLender.com has been integrated with Optimal Blue since early 2007.

"We picked PCLender.com primarily based on its solid integration with Optimal Blue and other vendors, its very strong imaging component, and its overall compatibility with our wholesale, TPO business model," said Acopia Capital Group executive vice president for operations Brant Phillips. "For Acopia Capital, PCLender.com is clearly differentiated from other LOS solutions on these points."

The PCLender.com total imaging component includes web based document storage that allows users with assigned access to the 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.

"PCLender.com offers lenders an alternative to ‘old school' LOS tools that buckled beneath the demands of high volume, required lots of resources to be maintained, and contributed to a decline in overall loan quality," said PCLender.com founder and CEO Lionel Urban. "Our platform powers a high performance lending infrastructure that PCLender.com mortgage lending experts meticulously maintain to ensure the achievement of all investor and regulatory compliance benchmarks."

PCLender.com's enterprise mortgage lending platform and expert services include comprehensive 18-point compliance oversight and total imaging functionality via the cost effective software-as-a-service (SaaS) model, allowing lenders to concentrate on marketing, loan quality and customer service instead of technology and information management.

"Mortgage lenders are evaluating technology decisions with an emphasis on regulatory and investor compliance, process efficiency and accountability, and loan level profitability," said PCLender.com vice president for sales Sean Dugan. "The PCLender.com solution is a compliance officer's best friend, an operations manager's eyes and ears, and a financial executive's competitive advantage."

PCLender.com combines the functionality of ten modules from prequalification and loan origination through closing, secondary marketing, warehouse line management, loan level reconciliation and post closing. Its enterprise-level, single database solution enables unified workflow, minimizes data input errors, monitors efficiencies, and enables enterprise performance reports - including the ability to integrate Crystal Reports. A fully hosted solution, PCLender.com includes real time compliance updates, risk management monitoring, enterprise performance reporting, and total data security with SAS 70 Type II certification. PCLender.com total document imaging and management benefits include:

• Originators or remote employees can easily link images such as pay stubs, W-2's or bank statements for centralized review by the processing and underwriting departments
• Brokers and wholesale lenders may submit conditions online via the Lender's B2B portal
• Borrowers may submit conditions online via the Lender's Retail website
• By centralizing the repository for images a Virtual File is available for centralized or outsourced processing, underwriting, closing documents prep, or post closing.
• 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; and
• Simplified implementation and training steps for immediate system integration and use

About PCLender

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 concerned about compliance and seeking business process improvements on par with the Fortune 500. For more information about PCLender.com contact Lionel Urban at Lurban@PCLender.com