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ComplianceEase's New FHA Offering Helps Mortgage Lenders Rebuild Sales Pipelines
- ComplianceAnalyzer ensures FHA loans requirements are met and optimizes lenders' business processes -

Boston, Mass. - October 15, 2007 - ComplianceEase®, a leading provider of compliance and risk management solutions for the financial services industry, announced today, at the Mortgage Bankers Association's 94th Annual Convention & Expo 2007, they expanded technology and services enabling lenders to originate higher-quality Federal Housing Administration (FHA) insured mortgages more efficiently. ComplianceEase continues to empower the mortgage industry with solutions necessary to succeed in a turbulent market, with added functionality in its flagship product, ComplianceAnalyzer®, and professional services focused on the origination and insuring of FHA loans.

Even during what is arguably the worst housing slump in 16 years, many secondary market investors are willing to purchase loans with higher loan-to-value ratios and lower credit scores if they are FHA loans, which are insured by the U.S. Department of Housing and Urban Development (HUD). In addition, the unprecedented FHA refinance program will help some of the two million borrowers who are delinquent and in default. HUD has indicated that it will continue efforts to modernize and generally renovate its loan insurance programs to increase homeownership opportunities for more Americans and to make FHA mortgages a more attractive and more important financing option. While the mortgage market in general is expected to continue experiencing a downturn for the remainder of 2007 and into 2008, HUD forecasts an increase in the quantity of FHA-insured loans.

"With the industry's slowdown, and the FHA stepping in to come to the rescue, agile lenders and investors will be able to turn their companies around and realize more business opportunities," explained John Vong, president of ComplianceEase.

Specific FHA requirements testing within ComplianceAnalyzer assists lenders and investors to easily audit and pinpoint issues regarding disclosures, recalculation of APR, payment schedules, and calculation of FHA mortgage insurance premiums (MIP), in addition to all of the applicable federal, state, and local regulatory compliance tests that are specific to how a lender is licensed at the state level. As an automated solution, ComplianceAnalyzer enables lenders to build a process that ensures compliance on loans insured by HUD and helps to close more compliant loans more efficiently. Together with its automated solution, ComplianceEase also offers a complete menu of professional services for new and existing FHA lending operations, including training, consulting, and quality control services.

"FHA loans are back in vogue. The opportunity to find profit in an otherwise unprofitable market is expected to increase the overall FHA-insured loan volume," said Nina Travinsky, vice president of ComplianceEase. "HUD and investors alike will be closely monitoring the quality of loans that they insure and purchase; it will be critical to have the right tools to reduce errors and ensure that loans are eligible for FHA insurance."

About ComplianceEase
LogicEase Solutions Inc., headquartered in the San Francisco Bay Area, is a premier provider of business solutions to the financial services industry. Its web-based platform - ComplianceAnalyzer® is the mortgage industry's leading automated compliance solution. The 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 LogicEase, visit www.ComplianceEase.com.

Press Contact
Alex Spivak
ComplianceEase
aspivak@complianceease.com
(650) 373-1111

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