PRESS RELEASE:

Mortgage Technology Magazine Designates Quandis a Top 50 Service Provider for Third Year in a Row

| From
default management technology

FOOTHILL RANCH, Calif., April 29, 2013 (SEND2PRESS NEWSWIRE) -- Quandis, Inc., a leading provider of default management technology solutions, announced that is has been recognized as a Top 50 Servicer Provider by Mortgage Technology magazine for the third consecutive year.

According to the magazine, in order to make the list companies, must excel in four primary criteria: drive the continued advancement of technology and services; provide a viable revenue model and value proposition to clients; offer exceptional customer service; and have a unique impact on the mortgage industry.

"We've worked hard to develop a comprehensive suite of innovative default servicing solutions over the years and we are elated to again be recognized by Mortgage Technology magazine for our achievements," said Scott Stoddard, CEO of Quandis. "Our Web-based applications are proven to automate a variety of complex default management processes for servicers, banks, lenders, foreclosure attorneys, outsourced service providers, agents, brokers and additional members of the default servicing supply chain."

Some of Quandis' key innovations and accomplishments over the past year include the development of an integration for law firms to access Quandis' Servicemembers Civil Relief Act (SCRA) service, a document management rules engine for servicing compliance, a solution that automatically identifies borrower bankruptcies, the launch of a configurable workflow management solution for servicers, the addition of more than 7,000 vendors to Quandis' vendor management platform, the introduction of an enhanced valuation system that is capable of efficiently processing thousands of BPO transactions, and a number of enhancements and new features that were added to existing applications.

Notable is that Quandis was named a finalist by Mortgage Technology magazine in the Synergy Award category as a result of the integration they developed with case management systems for law firms to access its SCRA service.

About Quandis:

Founded in 2003 and headquartered in Foothill Ranch, California, Quandis is a default management software provider specializing in Web-based solutions for the lending industry. Quandis' solutions include foreclosure process automation, short sale portals, skip tracing systems, a valuations hub, military search services, bankruptcy status searches, collection solutions, vendor solutions, as well custom application development. The company's clients range from lenders to banks, servicers, foreclosure attorneys, GSEs outsourced service providers, and agents and brokers. With over 20 years of experience in developing solutions, Quandis understands the unique requirements necessary to deliver enhanced workflows and business-to-business communications. Quandis was named to Mortgage Technology Top 50 Servicer Provider. For more information, please visit www.quandis.com or call (949) 525-9000.

About SourceMedia:

SourceMedia owns Mortgage Technology magazine. The company provides market information, including news, analysis, and insight to the financial services and related industries such as accounting and technology, through its publications, industry-standard data applications, seminars and conferences. SourceMedia's 750,000 worldwide clients and subscribers range from c-level executives to business-unit heads to line managers - from the front office to the middle office to the back office. The company employs more than 1,000 employees worldwide, with headquarters in New York and offices in Chicago, Washington, D.C., and London. Info: www.sourcemedia.com.

MEDIA CONTACT:
Joe Bowerbank
Profundity Communications, Inc.
949.378.9685
jbowerbank@profunditymarketing.com

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