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ComplianceEase Teams with Xerox Mortgage Services to Provide Seamless Income Verification Solution

Ft. Lauderdale, FL - April 15, 2013 - ComplianceEase®, a leading provider of risk management solutions to the financial services industry, today announced at the Mortgage Bankers Association's National Technology Mortgage Banking Conference & Expo that it is the first to integrate its income verification solution - 4506xpress™ with the Xerox® Mortgage Services BlitzDocs® intelligent collaborative network.

The integration allows BlitzDocs users to verify mortgage applicants' income documents and tax returns directly with the Internal Revenue Service (IRS); reducing mortgage fraud and fulfilling secondary market investors' third-party income verification requirements within the BlitzDocs electronic loan folder™ (eFolder).

"We've been able to simplify our origination process by using 4506xpress to manage income verification on BlitzDocs, a platform we've been using for more than five years," said Arlene Polifroni, senior vice president of Branch Operations, Universal American Mortgage Company, the financial services subsidiary of Lennar Corporation (NYSE: LEN). "The Xerox BlitzDocs platform continues to help us make the loan origination process fast, easy and consistent for our customers."

The automated workflow gives BlitzDocs users a one-click process to submit IRS forms 4506-T and 4506-EZ, making borrower income verification quick and easy. Modernizing the loan process, ComplianceEase's 4506xpress not only accepts electronically signed IRS forms but also performs an extensive set of compliance and quality control reviews before submitting to the IRS. The IRS transcripts are automatically uploaded to the BlitzDocs eFolder for review, storage and electronic delivery to secondary market investors.

"Integrating 4506xpress into BlitzDocs is a natural way to enhance our customers' experience," said Nancy Alley, general manager and vice president of Xerox Mortgage Services. "Offering income verification easily from BlitzDocs sets new standards for convenient, single-source access to technology solutions that simplify the loan origination process for our lender and investor customers."

Xerox Mortgage Services and ComplianceEase share a commitment to combining solutions to provide lenders with more robust and automated processes. The new income verification solution supports workflow automation, paperless origination, e-signing, fraud detection, and electronic delivery of loan packages to investors.

"Our 4506xpress service plays a critical role for BlitzDocs' customers by verifying and mitigating risk prior to loan closing," said Al Ogrodski, vice president of Solutions Strategy for ComplianceEase. "Thanks to our experienced team and automated IRS submission process, lenders usually receive income verification within 24 - 48 hours, helping them to make more timely and more confident closing decisions."

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About UAMC

Universal American Mortgage Company (UAMC) is the financial services subsidiary of Lennar Corporation (NYSE: LEN), an S&P 500 real estate and financial services leader. Founded in 1954, Lennar is headquartered in Miami, Florida and is one of the nation's leading builders of quality homes for all generations. Lennar builds affordable, move-up and retirement homes in Communities that cater to almost any lifestyle - such as urban, golf course, Active Adult or suburban Communities. For more information on UAMC please visit UAMC.com or call 1.800.741.8262.

About ComplianceEase®

ComplianceEase, a division of LogicEase Solutions Inc., headquartered in the Silicon Valley region of San Francisco Bay Area, is a leading provider of risk management solutions to the financial services industry. ComplianceEase's patented platform includes ComplianceAnalyzer® - the mortgage industry's most adopted automated compliance solution. ComplianceEase combines industry and regulatory compliance expertise with innovative technology to power end-to-end risk management solutions to assist financial institutions achieving regulatory compliance, mitigating operational risk, improving efficiencies and enhancing profitability. ComplianceEase's significant and growing customer base includes four of the top five mortgage lenders in the nation, financial institutions, service providers, law firms, and regulators. ComplianceEase's automated compliance solutions have been adopted as e-Exam tools by state banking and mortgage regulators, through the Conference of State Bank Supervisors. For more information visit ComplianceEase.com or call 1.866.212.Ease.

Press contacts

Al Ogrodski
a.ogrodski@ComplianceEase.com
1.714.334.2313

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