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ComplianceEase Signs Service Contract with Nexstar Financial in the Secondary Market
- Nexstar acquired the newest innovation in compliance technology to redefine home financing -

San Francisco, Calif. - (BUSINESS WIRE) - March 8, 2004 ComplianceEase, a division of LogicEase Solutions Inc. (ComplianceEase®), announced today that it has signed a services agreement with Nexstar Financial CorporationSM (Nexstar), a residential mortgage outsourcing company that provides highly flexible, private-label mortgage solutions to the nation's leading financial institutions. Nexstar conducted extensive due diligence before selecting ComplianceEase's Automated Compliance Solutions.

"ComplianceEase has developed many of its innovative applications to provide a beginning-to-end solution that strengthens our ability to meet current and ongoing compliance requirements imposed by federal and state regulatory authorities. The advanced rules-based decisioning solution differentiates ComplianceEase from other offerings in the marketplace," Jerry Halbrook, Nexstar's co-founder and chief operating officer explained.

Halbrook added, "The robust natural language processing of the products gives Nexstar the confidence to tackle new compliance challenges associated with high-cost and predatory lending laws while integrating and leveraging existing information systems. Therein lies the real value of ComplianceEase solutions: Nexstar can keep pace with the ever-changing regulatory environment and, at the same time, integrate those changes into our existing systems. Integrating throughout the enterprise is essential not only for Nexstar, but also for our clients who are lenders. In today's tighter regulatory compliance climate, lenders must be proactive in setting best practices standards to protect borrowers' interests. Nexstar's platform is based on providing highly flexible mortgage solutions that can be customized to fit each client's specific business requirements. ComplianceEase's automated compliance system can easily incorporate the varied policies of our clients, as well as our own policies. "

"Nexstar has built its business around enhancing the mortgage process to meet the needs of both borrowers and clients," says David Girling, executive vice president of ComplianceEase. "We are very pleased to be able to provide the strength of the ComplianceEase software solutions to enhance the operational risk management for Nexstar - further improving the convenience and integrity of the lending process. Use of the ComplianceEase solutions will also inevitably enhance asset quality in the secondary market."

About Nexstar Financial Corporation
Nexstar Financial Corporation headquartered in St. Louis, MO, provides highly flexible, private-label mortgage outsourcing solutions to the nation's leading financial institutions through its Powered by Nexstar® (PBN) program. Nexstar leverages its award-winning lending platform to customize programs that meet each client's specific needs. Managed by a team of mortgage industry visionaries, the company is funded by Kohlberg Kravis Roberts & Co. (KKR) and members of the Nexstar senior management team.

In recognition of the exceptional flexibility of the PBN program and its management team's depth of industry expertise, Nexstar was named one of "10 Companies to Watch" by National Mortgage News. Nexstar is also a past recipient of the Inman News award for Most Innovative Use of Technology in Lending.

About ComplianceEase®
ComplianceEase, a division of LogicEase Solutions Inc., headquartered in San Francisco, California, is a premier provider of intelligent business solutions to the financial services industry. 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 at a fraction of the time and cost of the traditional approaches, while providing better accuracy and integrity. ComplianceEase also provides professional services, and consulting services. For more information on ComplianceEase, visit www.ComplianceEase.com.

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