PCLender.com Adds Ten Mortgage Lenders in Ten States

Enterprise Lending Platform delivers compliance and risk management via Software as a Service

(May 12, 2008) Honolulu, HI -- PCLender.com, a fully hosted web based software and services solutions provider to mid-sized mortgage bankers and financial institutions, has implemented its InHouse Mortgage enterprise lending platform with ten lenders across the US in recent months, including mortgage bankers California, Connecticut, Florida, Missouri, Montana, North Carolina, Oklahoma, Pennsylvania, Utah, and Washington.

PCLender InHouse Mortgage is an end-to-end mortgage lending platform combining the functionality of ten modules from marketing and loan origination through closing, secondary marketing, warehouse line management and loan level reconciliation. Its enterprise-level, single database solution enables more unified workflow, minimizes data input errors, monitors efficiencies, and enables enterprise performance reports - including the ability to integrate Crystal Reports. A fully hosted system, InHouse Mortgage offers total mortgage data security with SAS 70 Type II certification, real time compliance updates, risk management monitoring and enterprise performance reporting.

The following lenders have selected the PCLender.com mortgage loan origination software: Academy Mortgage - Sandy, UT; Allegro Funding - Jacksonville, FL; Associated Mortgage Corporation - Tulsa, OK; Fairfield Financial Mortgage Group - Danbury, CT; Mann Mortgage - Kalispell, MT; Mantria Financial, LLC - Bala Cynwyd, PA; Midwest Mortgage Capital - St. Louis, MO; Mortgage Solutions Management - Rancho Cucamonga, CA; New American - Charlotte, NC; and Sydion Financial - Federal Way, WA have selected PCLender mortgage loan origination software.

"Mortgage lenders that select the PCLender platform are a diverse group with unique business models and operations, and solid strategies for succeeding in a new lending era," said PCLender founder and president Lionel Urban. "What they share in common is an understanding of the profound advantages offered by the adoption of an enterprise lending system delivered via software-as-a-service."

Tennessee-based Mantria Financial, a newly formed subsidiary of Mantria Corporation, funds mortgage loans to purchasers of home sites developed by subsidiary Mantria Communities.

"Mantria Financial, LLC was thoroughly impressed when introduced to PCLender and their team. They are focused around implementation, training and constant communication - something that Mantria values, as well,' said Mantria Financial LLC President and CEO Amanda Knorr. "PCLender is a one-stop-shop when it comes to their InHouse Mortgage System. The system integration with our business was completely streamlined and painless, while their 24 hour support staff provided help for quick fixes."

According to Knorr, PCLender is "the only way to go" when selecting a LOS system. She said, ". . .nothing compares to its user friendliness and superior functionality.

Charlotte, NC-based New American Mortgage has built its business on the principles of a personalized, referable, borrower experience and the ability to offer products from "A" rated and "hardship" lenders.

"New American Mortgage is focused on providing their mortgage planners, and their clients a referable working environment and borrowing experience." Said New American founder and President Casey Crawford. "We evaluated a number of LOS solutions before determining that PCLender not only delivers above par enterprise functionality, but also eliminates implementation hassles and technology ownerships cost via its hosted SaaS model." This functionality and service allows us to remain focused on serving our mortgage planners and their clients.

Salt Lake City, UT-based Academy Mortgage, this year celebrating 20 years in business, is one of Utah's largest locally-owned mortgage banks. A thriving direct lender with more than 40 U.S. offices, Academy Mortgage is focused 100% on retail operations.

"Academy Mortgage selected the PCLender enterprise mortgage solution for its superior ability to support our compliance with and commitment to investor guidelines, which in turn enables us to bring a very competitive product offering to our borrowers," said Academy Mortgage executive vice president Adam Kessler. "Its seamless enterprise workflow and reporting capabilities, and totally secure hosted delivery, helps ensure the integrity of our risk management measures."

"SaaS is gaining both understanding and momentum as the operating technology of choice for mid-sized lenders desiring robust compliance and risk management capabilities," said PCLender sales and marketing VP Sean Dugan. "In addition, lenders are losing interest in the challenges of owning, hosting and maintaining complex technology systems that leave them �holding the bag' when compliance guidelines change or when risk management mandates such as the Identity Theft Red Flag provisions of the FACT Act become effective."

Honolulu-based PCLender.com (www.PCLender.com) has for more than a decade helped mortgage bankers accelerate business performance goals through technology-enabled best practices guidance, services and solutions. PCLender's fully hosted enterprise mortgage lending platform InHouse Mortgage eliminates traditional "barriers to entry" for mortgage bankers, community banks and credit unions seeking business process improvements on par with the Fortune 500. For more information about PCLender contact Lionel Urban at LUrban@PCLender.com