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SharperLending Expands Automated Compliance Through ComplianceEase Partnership
- Platform enhances Point-of-Sale capabilities -

Spokane, Wash. - (BUSINESS WIRE) - Nov. 11, 2004 - SharperLending, LLC, provider of a secure Web-based platform that enables lenders to order, store and manage mortgage products from multiple vendors at a single point of entry, has expanded automated compliance offerings through a strategic alliance with ComplianceEase, a division of LogicEase Solutions Inc. (ComplianceEase®). ComplianceAnalyzer™ (CA™), ComplianceEase's Web-based automated compliance system, will be integrated with the SharperLending platform.

"It is simpler for lenders to go to one environment to get all the necessary loan information when originating a loan. One of our specific business strategies is to partner with platform providers that can position our product to reach their customers," said David Girling, executive vice president of ComplianceEase. "With that in mind, we identified SharperLending as a platform that has the expertise and user base to meet our needs and enable us to distribute our product to a broad base of users that we would not typically reach."

ComplianceEase's CA is an intelligent decisioning system that automates regulatory compliance processes, with particular focus on federal, state, local and municipal high-cost and anti-predatory lending regulations. Additionally, CA ensures that GSE, Truth in Lending (TIL), RESPA and HOEPA requirements are met during origination. The rules-based engine interfaces with the SharperLending platform to provide real-time loan summary reports and detailed analyses within minutes to lenders at the point-of-sale.

SharperLending customers can access all relevant ancillary services to originate loans at a single location, and ComplianceEase's CA ensures that the loan is in compliance with anti-predatory lending laws. The SharperLending platform has multi-user collaboration, data gathering, application processing and decisioning capabilities, as well as the functionality to bundle all closing services together at a single point of entry.

"The SharperLending platform is designed to simplify and accelerate the loan process. As we continue to build enhanced functionality into the platform, we focus on the evolving needs of our customer base, lenders and the industry as a whole," said Dave Black, president and CEO of SharperLending. "Our partnership with ComplianceEase enables us to strengthen the platform's offerings and continue our goal of meeting user expectations."

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.

About SharperLending, LLC
Headquartered in Spokane, Wash., SharperLending, LLC, was founded in 1989 and was the first to offer a complete browser-based mortgage credit reporting system on the Internet. The company's proven technology has processed more than 40 million secure credit-related mortgage transactions with more than 800 million trade lines. SharperLending, LLC, has three divisions under its corporate umbrella: SharperLending Bundled Services Division, the bundled services platform; SharperLending Affiliated Credit Division, technology for the credit reporting industry; and EPN Solutions, the loan origination product packaging division. For more information, visit www.SharperLending.com.

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