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DataVerify Establishes Marketing Alliance with ComplianceEase to Provide the Mortgage Industry with Powerful Fraud and Compliance Solutions
- Marketing alliance partnership between industry leading mortgage technology providers offers users the ability to easily access and utilize best-of-breed fraud and automated compliance solutions -

Chesterfield, MO and San Francisco, Calif. - Sept. 13, 2006 - DataVerify, a leading provider of fraud prevention tools, and ComplianceEase®, the mortgage industry leader in automated compliance, today announced the formation of a strategic marketing alliance partnership designed to help the mortgage industry address the fraud and compliance challenges that it faces in today's marketplace. As a result of this new marketing alliance, DataVerify will promote ComplianceEase's leading automated compliance system, ComplainceAnalyzer® to its clients and prospects. Conversely, ComplianceEase will promote DRIVE, DataVerify's leading fraud and loss detection system, to its prospects and clients. This alliance will enable both DataVerify and ComplianceEase to provide financial institutions with comprehensive products that will effectively address both their regulatory compliance and fraud concerns.

"We are impressed with the quality of DataVerify's fraud solutions. This alliance will enable ComplianceEase to refer our customers to a fraud provider that along with ComplianceAnalyzer, will empower them to address the most important issues affecting originations today: regulatory compliance and fraud." said David Girling, executive vice president of ComplianceEase. Girling further stated that "many of our clients are searching for providers that can offer bundled services, and so this alliance is a solid first step in that direction".

DataVerify's DRIVE (Data Risk Intelligent Verification Engine), is a powerful loss and fraud mitigation system that includes best-in-class third party data sources and products overlaid with a suite of leading-edge hybrid models and algorithms. The DRIVE system maximizes customer return on investment by automating most of the manual data retrieval and verification processes and delivering concise accurate results seamlessly within the clients LOS, AUS, closing and QC system workflows.

"The decelerating real estate markets and corresponding loan volume declines have created a number of challenges for today's mortgage lenders. First, incidences of mortgage fraud are on a strong upswing as insiders attempt to maintain commissioned quotas. Additionally, lenders are seeking more production via aggressive lending programs which are naturally associated with higher risk. Finally, lenders are seeking substantive ways to reduce their cost to originate. DataVerify's DRIVE system provides a one stop, low cost solution to all three of these challenges by providing the most comprehensive package of fraud tools within one low cost fully automated platform, assuring a material return on investment in all three of these categories", said Steve Halper CEO of DataVerify, Inc.

"We are thrilled to provide our clients the additional protection of ComplianceEase's comprehensive suite of compliance products as part of our new marketing alliance. The combined effect of both of these exceptional platforms will provide an even greater return in value to our clients".

ComplianceEase is a leading provider of automated compliance and risk management solutions. The company's flagship product, ComplianceAnalyzer, is the mortgage industry's standard for automated compliance empowering close to 250 financial services institutions with the ability to revolutionize the way they approach and manage regulatory compliance. ComplianceAnalyzer is an Internet-based, on-demand solution that provides a fully featured Web browser-based application, as well as a seamless integration with leading loan origination systems and document systems. In addition to dramatically reducing the cost of compliance associated with the ever changing "high-cost" and consumer lending regulations, ComplianceAnalyzer significantly improves a lender's ability to quantify and mitigate areas of regulatory risk. ComplianceAnalyzer was built from the ground up, utilizing industry expertise to provide features that are critical to an effective implementation of the type of internal controls dictated by thorough business process management practices, such as those mandated by recent oversight requirements in Section 404 of the Sarbanes-Oxley Act.

About DataVerify
DataVerify Corporation is the preeminent provider of fraud prevention and decision management solutions delivering much higher fraud identification rates and lower false positives rates at lower costs than competing products. DataVerify's executive team includes the former AppIntelligence Founder/CEO - Steve Halper and CIO - Michael Moseler who, at DataVerify, have developed a "next generation" platform that leverages the latest technology to deliver superior anti-fraud products powered with more robust exterior database sources, superior predictive analytics and a comprehensive array of new and advanced features. These new technological advancements allow lenders to predict fraud and mitigate loss with unprecedented accuracy while increasing workflow efficiency and reducing loan approval timeframes at the point of sale. For more information about DataVerify, call 636-532-9797 or access the company's web site at www.dataverify.com.

About ComplianceEase
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.

DataVerify and DRIVE are trademarks of DataVerify Inc. ComplianceEase, ComplianceAnalyzer, and logo are registered trademarks of LogicEase Solutions Inc.

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