Page 1 of 21 Mortgage Technology 6/2/2005

Mortgage Technology's Top-100 Technology Vendors

By Anthony Garritano and Scott Kersnar

For the third straight year, we present our list of the top 100 technology vendors serving the mortgage industry. These 100 firms all have demonstrable market share, proven business benefits and excellent technology. As in past years there is a definite tilt toward the origination side of the business rather than the servicing side and toward residential more than commercial lending.

If you compare this list with last years, you will note that some names of some very healthy companies are missing. This year we redoubled our effort to list only companies that actually provide technology, either on a licensed or hosted basis, to the mortgage lending community. The mere fact that a company uses technology in an excellent way to deliver information or services does not make that company a technology vendor. Having the best website in the industry does not qualify a company for our list. Companies involved in electronic transmission of title, credit, and flood information do not qualify unless they also vend the technology itself.

In addition, mergers and acquisitions have put some companies under a common banner. For example, Domania was acquired by LendingTree, so the two companies will get only a single mention in this year's list Another instance is the purchase of The Credit Network (TCN) by Kroll Factual Data.

We also offer a reminder that, despite their enormous role in mortgage origination and in the evolution of technology, the GSEs and the mortgage insurers are not on our list. As purchasers and insurers, they act more as the 'weather' for growing mortgages than as 'farmers'. Behind every technology tool Fannie, Freddie, GEMICO and United Guarantee use is a tool first developed in a smaller shop. Only when they have stand-alone subsidiaries that act as technology providers do we consider the GSEs, the MI companies, the title companies and credit providers for inclusion on our list.

When new vendors step forward to offer mortgage technology, we don't consider them for inclusion until they have demonstrated some degree of market traction and domain expertise by signing up customers among mortgage lenders that are willing to testify to the business benefits of their technology products.

Our four major criteria for inclusion of eligible vendors on the Mortgage Technology Top 100 list are customer satisfaction, functionality, market share and viable revenue model. It is crucial that the vendors on our list have satisfied users and show the ability to hold them by keeping those customers

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apace of the technology deployed by competing lenders. Once a technology tool has proven its superiority by accomplishing tasks that differentiate winners from losers among lenders, functionality becomes king.

Time in service is not a criterion. Jeff Lebowitz, president of MORTECH, which puts out an annual study evaluating what criteria lenders use when choosing a technology vendor, stated that in the past seven years lenders have been less swayed one way or the other by the age of the company and are more concerned with the quality of the technology. Having said that, a good portion of the actual business is still done with the tried and true companies like Calyx Point, founded in 1991, which enjoys 60% market share according to more than one study. At present, 40% of our top 100 vendors date back at least 15 years, only a little over 20% are five years old or younger.

We don't rush to take anyone off our list. Sometimes companies with lagging fortunes find a way to rebound. And sometimes the non-disclosure agreements in major contracts take firms out of the spotlight as they hold off seeking more clients. Sometimes a last-minute cash infusion puts a company back on the path to prosperity.

However, we make no guarantee that every company on our list will be on next year's list as well. Beyond taking good companies like AllRegs, MERS and SIS off our list as we tighten our criteria for inclusion, the greatest reason for dropping companies from our list is that they get absorbed by larger acquirers. Consolidation continues to thin out the herd.

Below are our 2004 picks for the top 100 among mortgage technology vendors. If you think your company should be on our 2004 list, let us know by emailing our managing editor, Tony Garritano at [email protected], as we will be updating the list throughout the year.

ABC Virtual http://www.abcv.com Makers of ECLoanPro, West Des Moines, Iowa-based ABC Virtual specializes in Internet-based technology with a core emphasis on applying Java technology to the financial services, healthcare and insurance industries. The firm offers Java-based e-business consulting services, e-CRM business products, and application hosting services. ECLoanPro is an online/off-line LOS that includes an integrated connection to RealEC. Founded in 1995

Advectis Inc. http://www.advectis.com Alpharetta, Ga.-based Advectis, Inc., provides paperless origination, underwriting and archiving solutions for mortgage brokers and lenders. The company's flagship product, BlitzDocs usually is provided as a hosted, on-demand solution and boasts easy implementation and almost no training to use. Its collaborative electronic loan folder mirrors the paper loan folder. Users include Allied Home Mortgage Capital Corporation, BankSource Mortgage, NoRedTape.com, and others. Founded in 2000

a la mode inc. http://www.alamode.com Oklahoma City-based a la mode inc. produces electronic document and transaction management



software. Over 50% of the nation's real estate appraisers use its WinTotal report production product. Its Mercury Network delivered more than 13.6 million electronic appraisals in 2003, providing LOS integration, nationwide coverage, automated status messaging, pre-delivery underwriting-guideline checks, PDF/XML reports, and HMDA reporting. Founded in 1985

AMCO http://www.amco.net Appraisal Management Company, based in Cleveland, offers quality valuation solutions including their newest products, eValu and eView. The company's mortgage appraisal group obtains valuations in all 50 states through a network of over 11,000 residential fee appraisers. Specifically, eValu is a Web-based solution designed to give valuation appraiser-assisted results that the company claims "fills the gap between AVMs and traditional appraisal products." EView is in the same vein as eValu, but includes a current digital subject photo that is electronically delivered along with the appraisal. Founded in 1985

Appintell http://www.appintell.com Weldon Spring, Missouri-based Appintell, provides data integrity, fraud prevention and risk assessment and mitigation tools. Its suite of Web-based products designed for detecting and resolving data integrity, early payment defaults, fraud and predatory issues employ rules-based technology, neural network intelligence and database comparative analysis. Appintell's PredProtect is offered as the first fully-automated online solution to analyze loan data for predatory lending compliance. Founded in 1995

Appraisal.com http://www.appraisal.com Appraisal.com, Buffalo, N.Y., is a provider of real estate appraisal software and Internet-based infrastructure for appraisers and appraisal users. Through the Appraisal.com Nationwide Appraisal Network, and the company_s Day One desktop appraisal software, Appraisal.com provides the mortgage and appraisal communities with an end-to-end solution for collateral management and the creation, delivery and use of appraisals via the Internet. In February of this year the company added review appraisal services to its existing functionality in which one licensed real estate appraiser reviews the work performed by another licensed appraiser. Founded in 1997

AppraisalTrac.com http://www.appraisaltrac.com Dattar Systems, Inc., Walnut Creek, Calif., upgraded its AppraisalTrac product this year with the introduction the AppraisalTrac EXPRESS application service. AppraisalTrac EXPRESS is a business management application for processing collateral service orders associated with real estate lending transactions. The target audience is appraisers and appraisal shops. The solution will enable valuation professionals to conduct their business and service their clients via a Web-based collateral management system that includes a built in migration path to the full AppraisalTrac service offering. Founded in 1996

ARC Systems



http://www.arcsystems.com Austin, Texas-based ARC Systems offers the LendTech automated underwriting and decisioning engine. No longer merely a tool in the subprime arena where it first caught on, the Internet-based system is being used by a wide variety of lenders for all kinds of loans, and has been customized for Lehman Brothers to use in securitization. Founded in 1984

Associated Software Consultants Inc. http://www.asconline.com Middleburg Hts., Ohio-based ASC has been specializing in mortgage automation since 1978. ASC offers its Java-based PowerLender loan processing system as a highly flexible LOS that can be customized without programming and can operate in any environment, including Windows and Linux. Its PowerSeller secondary marketing and risk-management system includes post-closing and data management components and can be used with various databases. Founded in 1978

Basis100 http://www.basis100.com Based in Toronto, Basis100 restructured in 2002 and changed its strategic focus this year to center on its core suite of collateral assessment products and as a result, it will not expand into the settlement services business as planned. As part of the related restructuring, Basis100 will eliminate 12 full-time Pittsburgh office positions effective immediately, and will relocate certain other legal, finance and human resources functions to Jacksonville, Fla., and Jersey City, N.J. Going forward, the company plans to develop additional markets for its AVM technology, with the intention of entering the insurance and consumer markets to diversify and increase its revenue base. The company first achieved success with its Solimar AVM technology, and has begun to offer Freddie Mac's Home Value Explorer through the company's Web-based platform. Founded in 1999

BCE Emergis http://www.emergis.com BCE Emergis, Montreal, delivers a group of electronic services for loan fulfillment, closing and storage. The first of these, Emergis Vendor Services Exchange, was launched as a featured tool on Freddie Mac's LoanProspector.com in December 2002. It acquired the tools and the technology platform from Freddie Mac in September 2002. Since that point the arrangement was been renegotiated to give BCE more control of marketing the product, which was rolled out last month. The company's second U.S. offering, an e-invoicing solution will be retooled for an undisclosed relaunch. Founded in 1986

Beanstalk Networks http://www.beanstalknetworks.com West Palm Beach, FL-based Beanstalk Networks is a technology outsourcing and software provider to the mortgage industry. The company's flagship offering is OpenClose MTG, offered in retail and wholesale versions as a private-labeled Web-based loan transaction platform that eliminates third-party transactional issues in the loan process, networks brokers, offers online origination, automates loan approval, and provides real-time pipeline reports. Founded in 1999



California Software Corporation http://www.calswapps.com Irvine, Calif.-based California Software is recognized worldwide as a leader in IBM midrange legacy extension products, .NET and mortgage and consumer lending software. The company offers is Web-based Mortgage Loan Production System (MLPS) incorporating technology that provides integrated pre-qualification and pre-approval, system-decision-based automatic underwriting, completely integrated funding and closing and automatic secondary marketing. Its clients include Bank of America, Citigroup and Toronto Dominion Bank. Founded in 1975

C&S Marketing http://www.csmarketing.net Sacramento, Calif.-based C&S Marketing provides quality control, appraisal review and underwriting process support tools. The company's flagship product, AVMSelect, which was designed to tap the collective potential of many quality AVM providers, packaged in an easy-to-use search engine that enables management or line operators to prioritize up to 15 unique automated valuation models to process a collateral valuation report. AVMSelect is driven by a "cascading process" that enables lenders to run properties through one valuation model and then automatically move on to the next model, and the next, to increase hit rates and improve workflow efficiencies. The company also offers IdentityPro, a fraud research and quality control tool that searches both public and non-public record services from national and state databases for a summary of the borrower's assets, driver licenses, professional licenses and real estate property. Founded in 1997

Calyx Software http://www.calyxsoftware.com According to a study done by Wholesale Access, San Jose-based Calyx has 66% of its market, making it the leader in the broker-serving LOS systems space. With functionality limited exclusively to processing originations, Calyx Point features open architecture that enables it to partner well with pricing engines and transaction-management systems. This year the company had record sales in January when it issued 1,893 new licenses. In addition, the company just release version 4.4 of its Point product. Founded in 1991

CapitalStream http://www.e-financechannel.com CapitalStream, Seattle, provides front-office automation solutions for commercial and equipment finance operations, and has acquired CapitalThinking Inc., a leading vendor of process automation and risk management software products for the commercial lending and commercial mortgage industry. The combined companies will continue operating under the CapitalStream name. CapitalStream has purchased CapitalThinking to expand its product and service offering in front office automation for mid-market lending, commercial mortgage and enterprise risk management. CapitalThinking's product platform, bluewireTM ERM (Enterprise Risk Management), is based on the same Web-based, Java architecture as CapitalStream's FinanceCenter application. As a result, components will be combined to offer a wider range of advanced commercial lending capabilities on a common platform. Founded in 1995

Clear Capital



http://www.clearcapital.com Formerly known as BPO Tracker, Truckee, CA-based Clear Capital, boasts internal systems that expedite many of the timely and error prone tasks that plague BPO orders. Typos and timely data entry are eliminated by importing and exporting BPO data directly between BPO's systems and BPO's customer's systems. Online Broker tools make BPO fulfillment faster and more accurate by eliminating faxes and performing data validation when the BPO is being completed. The BTOG database has several levels of screened, Web-savvy brokers nationwide. The system automatically sends out BPO solicitations to these brokers. The first broker to respond to the email online wins the assignment. Founded in 2002

Click1003.com http://www.click1003.com Serving brokers and smaller lenders, Click1003.com offers an online loan application with a host of features and over 80 help files, automatic error-checking, one-click editing, and a color-coded navigation. The system displays a completed, printable 1003 that can be imported into an LOS system. A Spanish version is also available. Founded in 1999

CBC Companies http://www.cbc-companies.com Columbus, Ohio-based CBC provides risk management, software, collaborative commerce tools and other services to more than 50,000 customers nationwide. The firm's Automated Credit Application Processing System (ACAPS 12i) is a browser-based system that handles credit operations in connection with a variety of loan products. CBC also offers flood determination and various screening services. Founded in 1948

Commerce Velocity http://www.cvelocity.com Founded in 1999 and headquartered in Irvine, Calif., Commerce Velocity is a best-of-breed business automation solutions provider that offers a modularized Web-based decisioning suite to the mortgage and consumer lender. CV’s decisioning engines specialize in automating the non-prime and non-conforming lending workflow at the point-of-sale from intelligent lead distribution and management, pricing and pre-qualification, application processing, credit management, automated underwriting to fulfillment. Founded in 1999

ComplianceEase http://www.complianceease.com ComplianceEase was founded as a division of San Francisco-based LogicEase Solutions Inc. The company offers its PredatorAnalyzer AssureCert, as "the industry's first fully-warranted automated compliance solution" to let originators to comply with high-cost and anti-predatory lending legislation and protect against violations. The company combines the new offering with its flagship PredatorAnalyzer automated compliance system, which analyzes loans for all aspects of compliance. Founded in 2000

CreditXpert http://www.creditxpert.com



Towson, Maryland-based CreditXpert Inc. offers personalized credit-management tools to help consumers understand, manage, and improve their credit, enabling mortgage lenders like E-Loan to address borrowers' credit questions beyond merely supplying credit reports and scores. Credit-reporting firm CBC Companies, with 50,000 customers nationwide, recently selected CreditXpert's credit management tools and content for its credit reporting services. Founded in 2001

CUNA Mutual Mortgage http://www.cumortg.com CUNA Mutual bills its Member's Choice netMortgage -- powered by Mortgagebot in partnership with Freddie Mac -- as the most powerful online origination tool available to credit unions today. The company provides mortgage lending and servicing solutions for credit unions and their members, allowing borrowers to access their existing mortgage online. Founded in 1978

Data-Vision http://www.d-vision.com Mishawaka, Ind.-based Data-Vision Inc. offers LoanQuoter.com, a template website design service and RemoteDocs.com, an Internet-based system that lets borrowers receive disclosures, enables brokers to submit loans, and enables distribution of all other documents between parties. RemoteDocs lets lenders employ electronic document transfer via automated interface components, on an ASP basis and via XML integration with loan origination systems. Founded in 1993

DataQuick http://www.dataquick.com A leader in real property data for over 20 years, San Diego-based DataQuick offers its AVMFinder as a single point of access to the industry's leading AVMs, including Freddie Mac's Home Value Explorer, with seamless XML integration into lender systems. Its ProspectFinder lead generation tool enables targeting prospects by individual lenders as well as by type of prospect, such sub-prime, refinance and home equity. Founded in 1978

Data Warehouse Corp. http://www.dwcleads.com Boca Raton, Fla.-based Data Warehouse offers complete direct-marketing, lead-generation services. Last year the company migrated its data cleansing and compilation processes to the Linux operating system, giving Data Warehouse clients prospect data at a faster pace. This enhanced capability further strengthens the benefits of Data Warehouse's direct response marketing platform, encompassing all aspects of customer acquisition and retention, the funding process and event-triggered customer retention. Boasting the largest open mortgage lead database in the nation, the company has some 52 million unique household records covering 800 counties nationwide. Leveraging its relationship with Equifax, Data Warehouse offers real-time, credit-qualified leads for subprime, conventional, government and high-LTV lending. Founded in 1997

Dart Appraisal.com



http://www.dartappraisal.com Since our establishment in 1993, Bloomfield Hills, Mich.-based Dart Appraisal.com has provided appraisal services. The company's Web-based system offers one point of contact for all appraisal needs, customized tracking and status updates, template review, and quarterly review of flow control. In addition, the company offers AVM appraisals for Freddie Mac's HVE model. Broker Price Opinions and Appraiser Pricing Opinions are expected to be added to Dart Appraisal.com 's offering this year. Founded in 1993

Del Mar Database http://www.delmardb.com Del Mar Database, San Diego, offers its 32-bit Windows-based DataTrac system as a solution for small to middle-tier lenders with loan originations ranging from start-up to $10 billion per year. DMD's information-management engine facilitates handling of files associated with every part of the transaction, and acts as a hub that enforces accurate data entry. The December 2003 addition of First Finance, Tempe, Ariz., brought the company to the 250-client milestone. Founded in 1993

Desert Document Services http://www.desertdocs.com Tempe, Ariz.-based Desert Document Services Inc. has provided document software technology to the mortgage industry since 1983. Its family of services include BrokerDocs for third-party originators who want to draw docs via the Web; DesertDocs on the Web for lenders; DesertDocsTeam outsourcing service; and the DesertDocsASP automated enterprise solution for lenders that require customization. Founded in 1983

Dexma http://www.dexma.com Minneapolis-based Dexma boasts its Transaction Director as the first automated transaction management system and the third largest e-commerce platform in the industry, after Fannie Mae and Freddie Mac. Since 2000, Dexma has partnered with Boeing Employees' Credit Union and Fannie Mae to offer Prime Alliance Solutions, Inc. as a CUSO offering transactional websites to the credit union industry. Founded in 1995

Digital Insight http://www.digitalinsight.com Calabasas, Calif.-based Digital Insight Corp., developers of the AXIS lending platform, provides retail and commercial Internet banking, electronic bill payment and presentment, e-commerce portal technology, wireless channel delivery, targeted marketing solutions, website development and maintenance, and online and call center lending services to banks and credit unions. Founded in 1998

Document Systems Inc. http://www.docmagic.com Carson, Calif.-based Document Systems Inc offers its flagship loan document production system, DocMagic as a Windows-based system that allows the processor to locate and correct errors before printing documents and enables remote document printing through the Internet or via fax. DSI calls



itself first to develop a fully-integrated mortgage customer contact management system, LoanMagic, that is specifically designed to meet the needs of loan officers. Founded in 1988

DocuTech Corp. http://www.docutechcorp.com DocuTech, with over 1,500 mortgage clients, provides compliance services and documentation technology that interfaces with a lender's LOS system on an in-house or hosted Web basis. The company's Web-based ConformX system works behind the LOS to create traditional upfront and closing documents as well as MISMO-compliant SMART Docs. ConformX uses advanced XML to fully integrate with Del Mar Database's DataTrac. The company is based in Idaho Falls, Idaho. Founded in 1991

DOCX http://www.docx.com Alpharetta, Ga.-based DOCX is a pioneer in lien release and assignment outsourcing services. Its flagship products are its national county Recorder Information Database (RID) document templates and decision engines. A new and more powerful RID for Servicers offers lenders real time access to over 3,780+ recording jurisdiction fees and requirements. The Web-based version, updated by daily, automatically calculates correct recording fees. Founded in 1993

Dorado http://www.dorado.com Dorado Corp., San Mateo, Calif., upgraded its SourceMaster product to version 2.0 this year. extending its rules-based settlement services decisioning, ordering, bundling, and vendor management capabilities. With SourceMaster 2.0, lenders and brokers can now deliver guaranteed closing cost quotes. Also, Dorado released Web services-based ChannelMaster version 3.4 this year, extending ChannelMaster's ability to shorten loan cycles by enabling originators to complete more processing at the point of sale. Founded in 1998

Dynatek http://www.dynatek.com Dynatek, Livonia, Mich., offers its MORvision as a complete loan origination system that automates everything from point-of-sale and Web origination through processing, underwriting, closing, secondary tracking and delivery. MORvision supports government, conventional and subprime lending, as well as multiple business channels. An onboard integration suite allows the software to form seamless connections to third-party service providers. Founded in 1986

Ellie Mae http://www.elliemae.com Dublin, Calif.-based Ellie Mae Inc. provides Internet and software solutions for mortgage originators. The company owns Contour's The Loan Handler and Genesis2000 and offers brokers a host of origination services via its ePASS (electronic Processing And Submission System) B2B e-commerce platform. Ellie Mae offers its Encompass as a mortgage processing and management system that



automates the loan origination process. Founded in 1999

eLynx http://www.elynx.com Founded in 1994 as Migralynx, Cincinnati-base eLynx Ltd. has offered its secure WPS (Web Posting Service) since 1999 as a system that interfaces with any existing enterprise system to deliver data and documents securely on the Web. Its uSign electronic delivery and approval service allows immediate approval of loan application and disclosure documents. eLynx claims that its customers account for 30% of all mortgage originations. Founded in 1994

eMagic http://www.emagic.com eMagic is a Web-based transactional platform created in 2000 by Milwaukee-based MGIC. eMagic's Direct Connections provide the ability to create a completely segregated version of the eMagic application. eMagic hosts single lender, private label websites (Direct Connection). Rate Lock Express is eMagic's turnkey pricing and registration system, which enables mortgage lenders to offer their products and pricing through their eMagic storefront or via a Direct Connections site. Founded in 2000

Engineered Business Systems Inc. http://www.johnherring.net/ebs/ Ft. Lauderdale, Fla.-based EBS Inc. is the developer of the Automated Compliance and Evaluation System (ACES) for automating quality control. The system offers an analysis of the premium (or penalty) a mortgage bank receives for its loans in the secondary market. The company also offers QuickCREDIT and QuickINFO software. Founded in 1994

Entyre Doc Prep http://www.entyre.com Founded in 1987 and recently acquired by a private investment team headed by Richard Beedon and Chris Eagle, Ann Arbor, Mich.-based Entyre offers broker solutions as well as lender solutions. The company's Web services-based enterprise document-closing system, targeting tier one and tier two lenders, is called eMortgage-X4. Sample X4 packages and white papers are available on the website. Founded in 1987

Equifax http://www.equifax.com Equifax, Atlanta, provides information management, marketing services, direct-to-consumer, commercial and authentication businesses. The company serves customers in the financial services and a number of other industries. Equifax, in association with Fair, Isaacs, operates the myfico.com website, in order to provide personalized credit information to consumers. It recently introduced a new mortgage score. Founded 1900, entered fraud market in 2001



Experian http://www.experian.com Experian, Costa Mesa, Calif., combines decision-making software and systems with comprehensive databases of information on consumers, businesses, motor vehicles and property. Through its Web-based products and services, Experian enables its clients to conduct secure and profitable e-business and develop CRM systems. This year the company partnered with MeritDirect, the leading business-to-business list brokerage and management company, to offer Experian's newly-created cooperative database solution called b2bBase. Founded 1974

experITy http://www.experity.com Columbia, SC-based experITy offers Web-based technology solutions to mortgage lenders of all sizes, particularly solutions that compliment back-end, enterprise systems including origination and servicing. The company offers both complete systems and plug-in modules for e-lending, post closing document tracking, commission management and channel risk management. Experity's Loan Complete e-lending product suite serves retail, wholesale, consumer direct, affinity, and correspondent lending through a single software platform rather than the multiple platforms in previous versions of the product. Founded in 1997

Fair Isaac Corp. http://www.fairisaac.com In 2004 London Bridge Group merged with Minneapolis-based Fair Isaac, which brought together a mix of technologies, services and products for the mortgage banking industry. Fair Isaac now offers a solution set for the mortgage industry that can deliver analytics-driven decision strategies across the entire mortgage customer lifecycle, but can also provide the software and network platform that processes and delivers these decisions. Fair Isaac has now also launched a private-label AU offering targeted for the midtier lender.

FICS http://www.loanware.com FICS, Addison, Texas, provides financial institutions with mortgage-lending software. It has served over 900 financial organizations nationwide since its inception. FICS's 32-bit client/server application supports ODBC relational databases, giving Microsoft Word, Excel and other ODBC compliant systems access to mortgage loan data. FICS has also introduced three new products to the marketplace designed to improve the way that their customers handle origination and servicing processes -- RTA, Radstar and LOi. Founded in 1983

Fidelity National Financial Inc. http://www.fnf.com Jacksonville, Fla.-based Fidelity National Financial is one of the world's largest providers of information-based technology solutions and processing services to financial institutions and the mortgage and financial services industries. Its Fidelity Information Services subsidiary has processing and technology relationships with 46 of the top 50 U. S. banks and processes nearly 50% of all U. S. residential mortgages, with balances exceeding $3 trillion. Fidelity's 1994 acquisition of ACS Systems was a milestone in its growth as a technology provider.



FileNet http://www.filenet.com FileNet, Costa Mesa, Calif. offers the P8 enterprise content management (ECM) platform. FileNet P8 is an integrated framework designed to leverage content management, business process management and enterprise application connectivity capabilities to speed critical business decision making. Recently, Pyramid Solutions used the platform to create a new LOS for the mortgage industry. Founded in 1982

Financial ServiceSolutions LLC http://www.fsspro.com Financial ServiceSolutions an end-to-end mortgage fulfillment platform created by Fidelity National Financial, Inc. and Bank of America Corporation, integrates industry-leading technologies to form a business process outsource (BPO) utility for mortgage lenders and other mortgage market participants. Additionally, Financial ServiceSolutions Information Systems, LLC (FSSIS) will provide outsourced technology and software development services for the new entity. Founded in 2003

First American Companies http://www.firstam.com The various business units of Santa Ana, Calif.-based First American reach into every corner of mortgage technology. In 1991 its tax, credit and flood companies were merged into a new subsidiary, First American Real Estate Information Services, Inc., and now includes database products and services, automated title plants, document imaging, appraisals, and software for mortgage brokers. First American boasts being the largest collector and provider of real estate information in the nation.

Fiserv http://www.fiserv.com Fiserv Inc. Brookfield, Wis., provides nearly 180 products to 13,000 financial institutions. For the financial services industry, Fiserv provides CRM, direct banking, insurance for banking, mortgage lending and finance organization solutions. The company's Mortgage Loan Solution Set includes solutions for originations, servicing, contact management, document imaging, data warehousing and risk analysis. The company acquired General American Corporation, a technology and settlement solutions provider that operates in two divisions, GAC Direct and GATORSystems. Founded in 1984

FNC Inc. http://www.fncinc.com Oxford, Miss.-based FNC offers its Collateral Management System (CMS) to automate and streamline the collateral fulfillment process with real-time collaboration and simultaneous processing. FNC's Collateral Services Portals (AppraisalPort, TitlePort, FloodPort, and InspectionPort) provide secure worksites for vendors to manage and fulfill service orders. The system is using by a host loan originators, servicers and appraisal management firms. Founded in 1999

Gallagher Financial Systems http://www.gogallagher.com Coral Gables, Fla.-based Gallagher offers Millennium, which features embedded modules for standard



mortgage scenarios and multichannel lending. Gallagher's NetOxygen, termed "a very smart database," adds Internet-based functionality to Millenium. The system allows data to update dynamically, using a standard set of XML controls, client-side JavaScript libraries, a SOAP listener, a Session Manager and a Data Manager. Founded in 1985

GHR Systems http://www.ghrsystems.com GHR Systems Inc., Wayne, Pa., pioneered product and pricing technology for lenders. The GHR entelligence suite includes software offering to automate virtually every step of the loan origination process, including laptop, website and call center systems, plus a comprehensive data services network. To complete its offerings, GHR recently acquired Loansoft Inc., which features LS Studio as a browser-based point-of-sale application. Founded in 1985

Guardian Mortgage Documents http://www.gmd.com Guardian Mortgage Documents, Lakewood, Colo., provides document preparation, automated management workflow and customized outsource solutions to lenders. Guardian's new Web-based TMS product (Transaction Management System) is a centralized and paperless value chain portal that uploads data from LOS systems and coordinates loan activity for all participants in a transaction, letting them view, manage and/or participate in loan activities from any location. Founded in 1987

Harland/Interlinq http://www.harlandfinancialsolutions.com Atlanta-based Harland Financial Solutions offers technology to over 6,000 financial institutions. In October 2002, Harland Financial Solutions acquired Seattle-based INTERLINQ Software Corporation. In March 2004 Harland announced release of the long-awaited INTERLINQ E3 loan production platform to succeed MortgageWare. The E3 Web-based platform features integrated business process management (BPM) and connectivity across the mortgage supply chain. Founded in 1923

Hyland Software http://www.onbase.com Westlake, Ohio-based Hyland has developed OnBase for Mortgage Lending to capture, store, route, and retrieve loan documents such as applications, appraisals, correspondence, financial statements, surveys, insurance, title, and day end reporting, which are all stored in a single repository. Documents may be accessed through the OnBase client or through a web based "thin client" user interface. Founded in 1991

ILOG http://www.ilog.com ILOG, Mountain View, Calif., is a worldwide provider of business rule logic. ILOG's JRules is widely used by leading financial institutions and insurance companies to enable STP, a major financial services industry initiative that will enable the automation and management of business processes and decisions in real-time. ILOG's latest version of its CPLEX optimization product includes .NET support.



Founded in 1987

Ingeo Systems http://www.ingeo.com Salt Lake City-based Ingeo Systems Inc. was founded in 1996 to help government agencies with digital manage of information and resources. Today the company specializes in electronic signatures and recordings. ePrepare, the document preparation component of Ingeo's Electronic Recording System, enables the creation and authorization of compliant digital transactions for submission or real estate documents to county recording agencies. Founded in 1996

Integra Software Solutions http://www.integra-online.com Integra Software Systems, Franklin, Tennessee, provides LOS software to retail and wholesale lenders from POS through servicing. Integra's Destiny WebAgent features seamless integration between the Web-server and back-office systems for exchange of information. Approximately 70% of the Destiny functionality is Internet enabled. Integra also has a risk-based-pricing engine. Founded in 1996

Kroll Factual Data http://www.factualdata.com On August 21, 2003, Factual Data, Loveland, Colo. became a wholly-owned subsidiary of Kroll Inc., which calls itself the world's leading independent risk consulting company. The company has been renamed Kroll Factual Data, Inc., and now operates as a unit of Kroll's Background Screening Group. The company, which also recently acquired The Credit Network (TCN), specializes in providing customized mortgage credit reports and other mortgage related services. Founded in 2001

Laserfiche Document Management http://www.laserfiche.com Long Beach, Calif.-based Laserfiche offers document imaging to help lenders create paperless offices, streamline workflow and maintain regulatory compliance. Laserfiche leverages existing PC hardware to create scalable search and retrieval databases, using advanced OCR technology to produce ASCII text from scanned documents. The system allows easy data migration from one storage medium to another and guarantees the future readability of documents. Founded in 1987

LendingTree http://www.lendingtree.com Charlotte, N.C.-based LendingTree Inc. matches borrowers with more than 160 banks and other lenders offering home mortgages credit cards and other loans. In addition, it offers its Lend-X exchange technology to banks, credit unions and other lenders on a private-label basis. The company's recent acquisition of GetSmart and Domania expand its services. LendingTree was itself acquired by IAC/InterActiveCorp in August 2003. Founded in 1996

Lion Inc.



http://www.lionchoice.com Seattle-based Lenders Interactive Online Network (LION) has provides rate-and-product information, online search and productivity tools to broker offices. The company operates the Lion Inc. eMortgage Center, the LionChoice.com wholesale marketplace and Web tools site, plus B2C sites. In 2003 LION acquired the assets of Sausalito, CA-based Ignition Mortgage Technology Solutions, Inc. from Freddie Mac. Ignition provides LockPoint Xtra, plus point-of-sale and secondary marketing tools. Founded in 1995

Mavent http://www.mavent.com Irvine, CA-based Mavent is a compliance specialist that first rolled out its 2comply product in 1999. 2comply 2.0 was developed and populated with an exhaustive legal knowledgebase. In 2002, following the addition of an extensive legal knowledgebase, it was deployed at a top-15 national mortgage lender. The 2Comply database includes more than 100,000 compliance decision data points. Mavent's strategic partners include the Hudson Cook LLP law firm. Founded in 1995

Meridianlink http://www.meridianlink.com Fountain Valley, CA-based MeridianLink Inc. produces Mortgage Credit Link and CreditAPI, a tool for requesting credit data that enables retrieval of up to three merged credit reports in under 15 seconds. XML-based Mortgage Credit Link interfaces with such leading LOS systems as Contour, Eastern, FICS, Integra and Sound Software. The company released version 7.0 of Mortgage Credit Link this year. Founded in 2001

Midland Loan Services Inc. http://www.midlandls.com Midland Loan Services Inc. is a third-party provider of servicing and technology solutions for the commercial real estate finance industry. Midland's Enterprise! is a technology platform developed to manage the entire commercial mortgage life cycle, fully integrating loan origination, securitization, servicing and portfolio management. Electronic loan file architecture is designed into the browser-based system, wherein data, images and reports are accessible. Founded in 1991

MindBox http://www.mindbox.com Greenbrae, Calif.-based MindBox LLC, is a technology company focused on helping financial services organizations improve their bottom line by automating their business processes. MindBox automates these processes by creating decisioning systems using rule- and case-based reasoning. The company provides software and consulting services that leverage best practices to deliver multichannel applications that optimize client interactions. Founded in 2000

Mortgagebot.com http://www.mortgagebot.com Cedarburg, Wisc.-based Mortgagebot.com, founded in 1998 as a division of M&I Mortgage Corp. and later spun off, offers transaction-capable retail mortgage websites to banks, credit unions and other



lenders. An award-winning consumer interface with advanced functionality, quick time-to-market, private branding, and full compliance with e-Sign legislation and other regulations make the company's offering impressive. According to the company, one closed loan a month can pay a lender back for the solution. Founded in 1998

Mortgage Builder Software Inc. http://www.mortgagebuilder.com In 1999 Glenn Computer spun off Southfield, MI-based Mortgage Builder as a stand-alone company. The MBSI system handles wholesale and retail production for loans of all types. Built in a 32-bit environment with a three-dimensional database from Informix Software, Mortgage Builder allows the user to have one complete integrated system that scales from 5 users to 1,000, on a licensed or ASP basis.

Mortgage Cadence http://www.3tsystems.com Mortgage Cadence from Greenwood Village, Colo.-based 3T Systems Inc., offers an Internet-based comprehensive suite of automated mortgage services within a single, unified system that includes streamlined, logical document tracking and advanced workflow. The system also enables real-time tracking of borrowers from origination through funding. An upgraded version released in March 2004 lets lenders independently add formulas and complex rules to improve speed and efficiency. Founded in 1996

MortgageFlex http://www.mortgageflex.com MortgageFlex Systems, Inc., Jacksonville, Fla., provides software and systems solutions to the lending industry. MortgageFlex originally offered consulting services. In January of 1986, MortgageFlex began actively marketing software to the lending industry, and lays claim to $2 trillion in mortgages originated with its LoanQuest and other products. In March 2004 Guardian Mortgage Documents announced an alliance with MortgageFlex to offer lenders greater customization. Founded in 1980

MortgageRamp http://www.mortgageramp.com Charlotte, N.C.-based MortgageRamp provides outsourced technology solutions for the commercial real estate industry. Its products include DealCentral, a Web-based technology platform that integrates the entire process of originating, packaging, underwriting, pipeline management and reporting, closing and delivering commercial mortgage loans; MultiTrak, for underwriting multi-family loans; and FastTrak, which expedites access to the most commonly used inspection and appraisal services. MortgageRamp created MortgageRamp Technology Services division (MTS) in May 2002. Founded in 2000

Mortgage Software Solutions http://www.mortgagesoftware.to Mortgage Software Solutions is a provider of loan origination systems for community banks, credit unions and other mortgage lenders. Its marquee product, The Mortgage Solution, is billed as a comprehensive, affordable and easy-to-use tool with "mortgage ergonomics" to improve loan



origination, tracking, and closing. Founded in 1988

Myers Internet Inc. http://www.myersinternet.com San Jose, Calif.-based Myers provides website design and hosting, marketing support and lead generation to third-party originators. The company has evolved from a listing service for brokers into a full-service e-commerce company for originators and now claims that its clients' websites receive over 50,000 loan applications a month. Myers also provides connectivity for net branches, wholesale networks and other originator networks. Founded in 1995

NetUpdate http://www.netupdate.com NetUpdate's LoanUpdate is a collaboration technology, built on its Total Transaction Platform, that allows users to manage all elements of transactions, including documents, shared workflow, customer information and messaging. The company now features an electronic signature service. Del Mar Database joins with NetUpdate in a referral partnership. Founded in 1998

NISYS Inc. http://www.nisys.com Indianapolis, Ind.-based NISYS offers its Lifecycle Management Suite as two distinct products, LMS lending platform and LMS post-closing application. The lending platform is offered as a configurable system to automate manual gaps in existing loan processes. The post-closing piece automates reviewing a closed loan. NISYS offers to integrate a lender's existing systems with scalable standard and open technologies to support future expansion. Founded in 1997

Ocwen Technology Xchange http://www.otx.com The technology arm of Ocwen Financial Corp., West Palm Beach, Florida-based OTX offers a modular servicing system for both commercial and residential mortgage lending and has been an innovator in leveraging offshore resources. The company also offers RealTrans, a transaction management portal; and REALResolution, a system designed for use by prime and subprime mortgage loan servicers that does not require additional investment in hardware and software. Founded in 1997

Online Documents http://www.onlinedocument.com Concord, Calif.-based Online Documents Inc. is a subsidiary of Stewart Information Services that has made a name for itself recently in providing Fannie Mae-approved three-part SMART Documents conforming to MISMO standards for XHTML. The company offers a complete 50-state library of eMortgage Docs necessary for electronic signing and delivery of e-mortgages to Fannie Mae via the Web for immediate purchase on a flow basis. Founded in 1988



Palisades Technology Partners http://www.ptpusa.com Palisades Technology Partners, Englewood Cliffs, N.J., provided the technology underpinnings for Ditech.com. In March 2004 PTP announced that Wachovia Mortgage has selected Palisades' Impact Mortgage Services Suite for its new browser-based LOS system, built on an n-tier platform with reusable components that can be shared across a variety of channels. Though Palisades has largely operated under the radar until now, its principals claim some 20 years experience building advanced systems. Founded in 1999

PCi Corporation (PCi) http://www.pciwiz.com Boston, Mass.-based PCi provides risk management and compliance solutions to more than 90 of the top 100 lenders in the U.S. market, and over 1,000 community banks. Many federal, state, and municipal government agencies rely on PCi's solutions to comply with and enforce the Community Reinvestment Act (CRA), the Home Mortgage Disclosure Act (HMDA), fair lending laws, predatory lending legislation, and the National Flood Insurance Reform Act. Founded in 1994

Pipeline Solutions http://www.pipesoft.com Pipeline Solutions began as a contract programming operation and now provides technology solutions for loan origination and processing. The company offers Pipeline Loan Officer, a point-of-sale solution; Pipeline Loan Processor, which includes the features of Loan Officer plus loan submission, underwriting, tracking and reporting; and Pipeline Loan Closer, a closing document preparation system. This year the company released version 5.45.06 of the product, which includes IRS 4506, VA Loan Summary, FHA "Get a Home Inspection" notice and other improvements. Founded in 1987

QRM http://www.qrm.com Chicago-based Quantitative Risk Management has a client list including 31 of the top 50 and 8 of the top 10 US banks. The company says it provides services that affect over 55% of the mortgages originated in the U.S. The QRM Mortgage Banking System is a secondary marketing solution that allows users to manage interest rate risk. The system allows mortgage bankers to apply option theory to pipeline hedging under a variety of market scenarios. Founded in 1987

Questsoft http://www.questsoft.com Questsoft, Laguna Hills, Calif., offers compliance services, real property geocoding and HMDA Relief. The company was one of the first to offer 2000 U.S. Bureau of Census data. The company makes geocoding available for as few as 10 or up to 10 million records. In February 2004 the company announced an alliance with Bankers' Compliance Group, Inc. (BCGI), to automate product delivery and streamline the risk management process. Founded in 1987



RealEC Technologies http://www.realec.com Santa Ana, Calif.-based RealEC is a secure B2B e-commerce exchange for mortgage fulfillment transactions, used in some form by all the top-ten U.S. mortgage originators and all five leading settlement service providers. The RealEC Exchange boasts the highest number of direct connections to providers of any transaction network. RealEC is majority owned by Fidelity, with minority ownership by Stewart Title and LandAmerica Financial. Founded in 1998

S1 Corp. http://www.s1.com A provider of e-finance solutions for credit unions, Atlanta-based S1 provides a suite of products based on its Open eFinance Architecture. As an n-tier, component-based architecture, the framework uses common industry standards to integrate third-party solutions and existing systems. S1's Enterprise software solutions deliver a transactionable, customer-centric view across all delivery channels. Founded in 1996

Sharper Lending LLC http://www.sharperlending.com In February 2004 Spokane, Wash.-based Synergistic Software renamed itself Sharper Lending to align itself with its Web-based platform, which traces its beginning back to 1989, with the automation of the mortgage credit process. The company now bills its platform as the leading independent purveyor of bundled-services. SharperLending has over one hundred value-added resellers to detail the benefits of SharperLending to their 17,000 customers. Founded in 1989

Silanis http://www.silanis.com With over 1,000 customers worldwide, McLean, Va.-based Silanis specializes in business approval processes. Significantly involved in the MISMO effort, Silanis also supports the MERS eNote Registry. As of April 2004 Lenders are able to register mortgage notes with the MERS eNote Registry using the Silanis ApproveIt Transferable Records Manager, which also can be used to manage mortgage notes throughout their lifecycle with the product's eVaulting functions. Founded in 1994

Sound Software http://www.soundsoftware.com Based in Shelton, Conn., Sound Software specializes in the community bank loan department. The Sound Mortgage Management System allows users to originate mortgages at the main office, at a branch, or from a laptop. It automates advanced disclosures, pre-qualification, origination, document preparation, processing, loan tracking, underwriting and commitment, as well as providing pipeline management and government reporting. Founded in 1982

Swiftview Inc. http://www.swiftview.com SwiftView Inc., of Portland, Ore., offers SwiftSend, a secure Web-based service enabling lenders to



start paperless and stay paperless from origination to closing and archiving. SwiftSend LoanDocs, eDisclosures, and eLoanFolder eliminate inefficiencies and extra handling associated with unnecessary paper throughout the lending workflow. SwiftView helps lenders start transitioning today to the paperless workflow of tomorrow. Founded in 1985

Sysdome Inc. http://www.sysdome.com Calabasas, Calif.-based Sysdome Inc. is a mortgage quality control provider. With proprietary technology applies complex investigative logic and interoperable database systems, Sysdome supports more than 450 mortgage lenders. Its core offering, Electronic Loan Review (ELR) is an automated quality control system that enables lenders to analyze 100% of their production volume at the point of application to intercept "problem" loans for in-depth underwriting investigation. Founded in 1998

Veros Software http://www.veros.com Irvine, Calif.-based Veros builds decision-support software applications for various industries that allow clients to formulate business decisions. Veros products include predictive modeling technology, including AVMs. VeroFORECAST provides future home price forecasts, using multiple technologies and data mining to analyze complex relationships between house prices and numerous economic variables. Also, the company puts out OptimumFUNDS, which generates custom portfolios containing collections of stocks, currencies, or other securities that capture previously unavailable profit opportunities. Founded in 2001

VMP Mortgage Solutions http://www.vmpforms.com Following its purchase by Bankers Systems Inc., Fraser, Mich.-based VMP Mortgage Forms now extends its franchise beyond traditional forms-creation and delivery and its browser-based vmpdelivers service to additional products and services. VMP now offers an XHTML-driven document solution that allows lenders to benefit from paperless eMortgage transactions. Founded in 1968

Virpack http://www.virpack.com Vienna, Va.-based Virpack provides the VirPack as an electronic envelope that packages, manages, and delivers data, documents and images. VirPack's barcode and scanning products enable creating an electronic copy of a loan for transmission within a VirPack and reception in a VirPackViewer to let receivers extract needed content. The VirPack Enterprise Center is the company's new document management and imaging platform. Founded in 1995

West Pole http://www.westpole.com Ann Arbor, Mich.-based West Pole, Inc. is the firm that developed the MOAI (Mortgage Online At Interfirst) system for ABN AMRO's Interfirst wholesale lending division. MOAI, fully integrated with Interfirst's database system, enables brokers to submit rate locks, order funds, and perform other tasks in real time. The system generates Web content dynamically.



Founded in 1996

WellFound Decade Corp. http://www.wellfounddecade.com WellFound Decade, Woodstock, Ga., provides standards-based business integration software, with a primary focus on the financial services industry. The firm’s service-oriented software serves companies of all sizes by improving connectivity and collaboration throughout the enterprise. WellFound Decade’s flagship product, the Mortgage Integration Foundation, empowers companies to rapidly integrate their current internal systems, users and external partners to produce a cost-effective end-to-end mortgage lending process – from origination through closing, to servicing, secondary markets and default management. Founded in 2004

XL Dynamics Inc. http://www.xldynamics.com Cerritos, Calif.-based XL Dynamics offers its signature product Mortgagesoft Online as a complete Web-based LOS system. The company recently announced partnering with First American and BCE Emergis for seamless automated ordering of products and services for mortgage origination. The company's ASP solution enables a lender to open a branch instantly, with the initial charge is calculated based on the number of concurrent users and no per-seat license fee. Founded in 1992

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