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ComplianceEase Launches Industry's First Fully Integrated Automated Compliance and Targeted Loss Protection Solution
- Recognized mortgage technology leader introduces the first-ever automated compliance system with insurance-backed loan-level warranty coverage -

San Francisco, Calif. - October 11, 2006 - ComplianceEase®, the mortgage industry's standard for automated compliance, today announced the availability of ComplianceAnalyzer® Plus, the mortgage industry's first and only solution that combines a leading automated compliance system, ComplianceAnalyzer, with a comprehensive and scalable loan-level insurance-backed warranty, AssureCert®. ComplianceAnalyzer Plus is an innovative financial liability solution that dynamically expands the protection that ComplianceEase offers its clients and is now available to financial institutions that are concerned with the risks associated with non-compliance.

"Lenders and mortgage-backed securities issuers are facing rising levels of regulatory compliance risk, along with the increase of high-cost and anti-predatory lending legislation," explains John Vong, CEO of ComplianceEase. "We designed ComplianceAnalyzer Plus to better alleviate the risk and legal consequences that financial institutions can face."

Through the use of ComplianceAnalyzer Plus, each eligible loan is automatically strengthened with ComplianceEase's exclusive AssureCert® warranty protection coverage. The insurance-backed AssureCert warranty provides targeted, broad-based coverage directly to individual loans. This warranty protection is scalable at the loan level up to $250,000 per loan and is transferable from the lender to the secondary market investor. AssureCert's flexible warranty plan also provides ComplianceAnalyzer Plus users and their investors with a five year extended protection term that is backed by an AM Best A- (Excellent) or better rated insurer.

Vong explains, "The warranty is particularly useful for institutions lending in jurisdictions where the laws have significant grey areas left open to interpretation by lawyers, regulators and court decisions. The AssureCert warranty was specifically designed to handle instances where unexpected interpretations on the part of examiners, regulators, courts and investors cause monetary losses for clients that relied on ComplianceAnalyzer's audit results." AssureCert's flexible level of insurance protection serves as comprehensive repurchase/resale impairment coverage for a variety of secondary market standards that goes above and beyond standard industry errors and omissions insurance.

ComplianceAnalyzer Plus offers a variety of benefits for mortgage lenders, investors, and securitizers. Lenders are able to increase the marketability of their loans to the secondary market by including with each loan both a comprehensive due diligence audit report and transferable, loan-level insurance-backed warranty coverage that also protects the investor. ComplianceAnalyzer Plus helps investors to raise the value of their loan portfolios through the added AssureCert warranty protection, and enables securities issuers to improve their pool ratings with the third-party risk mitigation and loss protection provided by AssureCert.

"The automated compliance space is a rapidly developing mortgage technology segment," explained David Girling, executive vice president of ComplianceEase. "Along with this rise in visibility comes the responsibility for the current market leaders to proactively enhance and strengthen their current solutions. ComplianceAnalyzer Plus represents the next generation in automated compliance, and addresses the need for a financial warranty to support compliance technology."

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. The company is managed by a team of highly experienced and innovative mortgage professionals, and is funded by the First American Corporation, the WI Harper Group, and the senior management team. For more information about ComplianceEase, please visit www.ComplianceEase.com.

Press Contact
Rosalie Berg
Strategic Vantage for ComplianceEase
(305) 971-5352

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