LSSI and Loan-Score Form Strategic Alliance
POWAY and IRVINE, CA, April 9, 2008 - Lender Support Systems Inc. (LSSI), a global provider of eMortgage enabled lending and loan servicing technology software, announced a strategic alliance with Loan Score Decisioning Systems, an emerging leader in enterprise-class automated underwriting solutions. The partnership leverages complimentary technologies, common relationships and joint resources to deliver enhanced value to shared customers. Under the agreement, LSSI and Loan-Score plan to couple synergistic products with one another to offer clients increased functionality by way of solution integration. Among other offerings, LSSI provides initial disclosures, document preparation, loan servicing software and compliance services. Loan-Score engineers best-of-breed decisioning and automated underwriting solutions that can be extended to the point-of-sale for all lending channels and product types. The two firms will bundle and integrate various solutions together to meet the unique demands of their collective client bases. "There are a number of different synergies between our companies and the best-in-class products we have developed," said William McCord, chairman and CEO of Loan-Score. "Given the breadth of our solutions coupled with the ease of integration each platform's architecture permits, a strategic alliance made a lot of sense. By integrating and packaging various origination and servicing solutions together, we deliver more value to existing customers while also expanding the markets we can sell to." "The increasing utilization of advanced Web services is helping the industry deliver on the promise of service-oriented architecture," said Cary Burch, chairman and CEO of LSSI. "Loan-Score and LSSI's orchestration of business services will enable customers to improve efficiencies via transparency of communication, integration and the fluid exchange of data from our system to theirs. As a result, customers will benefit from our best-of-breed solutions being tied together by SOA and SaaS." LSSI and Loan-Score will announce specific integrations between select products during the second quarter of 2008. About LSSI
Founded in 1982, Lender Support Systems Inc. (LSSI), led by mortgage industry veterans, provides a superior suite of eMortgage enabled technology solutions to mortgage lenders (including but not limited to bankers, credit unions, community banks) and service providers as a platform for building more streamlined, cost effective and profitable loan origination services. Solutions offered by LSSI include: compliance services, mortgage closing document preparation software, servicing software, document imaging, data extraction, business process outsourcing solutions and custom software solutions. For more information, visit www.lendersupport.com or call 877-TRY-LSSI. About Loan-Score Decisioning Systems
Founded in 2000 and headquartered in Irvine, California, Loan-Score Decisioning Systems offers a true, enterprise-class AUS and product/pricing engine available on a software-as-a-service (SaaS) and also a self-hosted basis for all lending channels and product types. The company also extends various functionality to the point-of-sale using its Web portals. Loan-Score maintains a comprehensive, up-to-date library of investor guidelines and pricing to ensure eligibility is met and market conditions are adjusted to deliver precision-based underwriting that results in fundable loans. The company's solutions are engineered to deliver swift, cost-effective implementations that integrate with existing LOSs and avoid inflexible programming efforts and high maintenance costs. Through Loan-Score's unique approach to customer service, the company's on-demand SaaS model offers clients the option to utilize its extensive library of investor guidelines, or the ability to manage unique program guidelines themselves. Loan-Score's solutions are in production with small, medium and large lending institutions. For more information, visit www.loan-score.com or call 949-450-0102.
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CONTACTS:
Joe Bowerbank
Loan-Score
949.450.0102
Gregory Martin
LSSI
858.268.7100