Loan-Score Appoints David Colwell Executive Vice President


IRVINE, CA, August 28, 2008 - Loan-Score Decisioning Systems, an enterprise-class pricing and automated underwriting solutions provider, announced that it has named David Colwell executive vice president. The position is a newly created role that will focus heavily on developing the company's long term business strategy.

Previously, Colwell was Loan-Score's senior vice president of solutions, but has stepped into the new role to help guide the company through a recent growth mode. Colwell brings more than 20 years of financial services experience to the position and will be focused on strategically expanding the company in the consumer finance and residential lending markets.

Before Loan-Score, David was the senior executive of strategic solutions for Portellus, a loan origination system and business rules management provider. Prior to Portellus, David was the managing director at Provision, a financial services consulting and CPA firm focused on business services, coaching, value creation, wealth/tax strategy and compliance.

Before United Capital, Colwell was a director at Cap Gemini & Gemini Consulting; vice president of corporate finance at Peakcok, Hislop, Staley & Given; and a senior auditor with Arthur Andersen.

"I am excited about developing and executing Loan-Score's strategic plan to become the leader in web-based pricing and underwriting solutions," commented Colwell. "I've worked with lots of technology solutions throughout my career in financial services, and have seen some of the best and worst platforms. Our development team has engineered what I believe to be the most configurable, sophisticated and powerful enterprise-class decisioning solution on the market today. There are a number of vendors that purport to have true automated underwriting capability, but most of these systems are light on credit analytics, thus affecting profitability and allowing for increased exposure to risk."

Colwell holds a B.S. in business administration with a concentration in accounting and an M.B.A. with a concentration in finance from Arizona State University.

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.

CONTACT:
Joe Bowerbank
Loan-Score Decisioning Systems
949.450.0102, ext. 204