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ComplianceEase Unveils Automated Compliance System to Combat Predatory Lending Practices
A real time Internet system utilizing artificial intelligence technology

San Francisco, Calif. - October 17, 2002 - ComplianceEase, a division of LogicEase Solutions Inc., a leading provider of business solutions, announces the launch of its PredatorAnalyzerTM (PATM) - an advanced intelligent compliance system that enables mortgage lenders and secondary market investors to combat predatory lending practices.

Said Willem Ridder, Chief Strategic Officer, "Feedback from the mortgage industry about the features of the PATM system - This is exactly what we need in the current climate of proliferating anti-predatory lending legislations."

Continued Ridder, "This advanced automated audit system not only provides protection by ensuring regulatory compliance but also gives lenders the confidence to conduct business in the states as well as counties and cities that have very complex and frequently changing anti-predatory lending laws and regulations. The PATM system is an Internet-based system that is easy to use and simple to manage. As a result, no investment in additional manpower or development would be required, therefore producing an exceptional Return On Investment."

Ridder briefed - the PATM system automatically audits for compliance against the anti-predatory lending laws and regulations at the Federal level as well as the state and local jurisdictions. The system deploys leading edge software technologies making the audit process simple and fast at a high level of performance. Cutting edge analytics enable automatic identification of instances of non-compliance in a matter of seconds. A color-coded RiskIndicatorTM and a RiskScoreTM are displayed to indicate possible level of risk; and a detailed and narrative findings report is presented to support each result. The incorporation of Natural Language Processing allows business users to directly interface with the rule-based decisioning system to modify or author rules using plain English sentences. These capabilities are essential in coping with the complexities of regulatory compliance.

All in all, the PATM system is a unique and sophisticated, yet easy to use, intelligent solution to manage the compliance audit for current production, seasoned servicing portfolios and due diligence reviews of portfolio acquisitions. The system can be deployed at all origination channels, including retail, wholesale as well as correspondent. For example, a loan officer or processor can perform real time audits at the point of application. Loan data can be imported from Loan Origination Systems thereby negating the need for re-entering the data.

"ComplianceEase delivers the first and only rule-based mortgage compliance risk management solution that empowers lenders and secondary market investors to determine current levels of risk, improve compliance policies, develop enforcement strategies, and implement effective compliance "best practices". PATM thus assists in combating predatory lending" Ridder noted.

Ridder concluded that PATM is scheduled to be launched officially in October 2002.

About LogicEase
LogicEase Solutions Inc. has been a leading provider of intelligent business solutions to the financial services industry since 2000. Its ComplianceEase platform provides the industry's first automated compliance solutions utilizing advanced artificial intelligence reasoning and decisioning technologies as well as natural language processing. ComplianceEase powers beginning-to-end solutions in a fraction of the time and cost while providing at the same time accuracy and integrity within the processes. ComplianceEase's additional products and services include ComplianceAuditorTM, CE VerifierTM, professional consulting and support services. For more information, please contact us at 1.866.212.Ease (3273) or at www.ComplianceEase.com.

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