ComplianceEase is selected by leading mortgage industry magazine for the third year in a row as being one of the industry’s best mortgage technology companies

SAN FRANCISCO, CA – June 20 (SEND2PRESS NEWSWIRE) — ComplianceEase(R), a division of LogicEase Solutions Inc. today announced that Mortgage Technology magazine has designated the company as a member of the magazine’s “2006 Top 25 Service Providers” list. This is the third year in a row that the industry publication has recognized ComplianceEase as being a leader in the mortgage technology arena. In 2004 and 2005, Mortgage Technology listed ComplianceEase on their prestigious annual “Top 100 Vendors” list. For 2006, the magazine reduced the member list to 50 leading companies to better reflect the leading technology firms and each of the 50 listed companies was placed into one of the following two categories: “Top 25 Vendors” and “Top 25 Service Providers”.

According to Mortgage Technology officials, a company that is granted the right to be listed on the “Top 25 Service Providers” list must clearly exhibit the following four characteristics:

    1. Customer satisfaction,
    2. Functionality,
    3. Market share, and
    4. A viable revenue model.

It is also critical for “Top 25 Service Provider” companies to illustrate that they supply a strong level of functional value to mortgage industry.

“ComplianceEase is honored to be recognized by Mortgage Technology magazine as being an industry solutions leader'” said John Vong, CEO of ComplianceEase. “We believe that being recognized for the third year in a row is a strong testament that we are effectively helping the industry to address their business challenges. We are committed to continue our growth and investment to further extend the value of our services to the mortgage vertical” Vong commented.

ComplianceEase is a leading provider of automated compliance and risk management solutions. The company’s flagship product, ComplianceAnalyzer(R), is the mortgage industry’s standard for automated compliance empowering close to 250 financial services institutions with the ability to revolutionize the way they approach and manage regulatory compliance. ComplianceAnalyzer is an Internet-based, on-demand solution that provides a fully featured Web browser-based application, as well as a seamless integration with leading loan origination systems and document systems. In addition to dramatically reducing the cost of compliance associated with the ever changing “high-cost” and consumer lending regulations, ComplianceAnalyzer significantly improves a lender’s ability to quantify and mitigate areas of regulatory risk.

ComplianceAnalyzer was built from the ground up, utilizing industry expertise to provide features that are critical to an effective implementation of the type of internal controls dictated by thorough business process management practices, such as those mandated by recent oversight requirements in Section 404 of the Sarbanes-Oxley Act.

About ComplianceEase

ComplianceEase, a division of LogicEase Solutions Inc., headquartered in the San Francisco Bay Area, is a premier provider of intelligent business solutions to the financial services industry. ComplianceEase’s web-based platform – ComplianceAnalyzer – is the mortgage industry’s leading automated compliance solution. The ComplianceEase expert system utilizes advanced reasoning and decisioning technologies as well as natural language processing to power beginning-to-end solutions in a fraction of the time and for a fraction of the cost of traditional approaches, while providing high levels of accuracy and integrity. ComplianceEase’s significant and growing client base includes top tier mortgage lenders, banks, and Wall Street firms.

Managed by a team of highly experienced and innovative mortgage professionals, the company is funded by the First American Corporation, the WI Harper Group, and the senior management team.

For more information about ComplianceEase, visit www.ComplianceEase.com or contact: Nina Travinsky, of ComplianceEase, at +1-650-373-1111 ext 1122, or n.travinsky@complianceease.com

News issued by: ComplianceEase

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Original Story ID: (1755) :: 2006-06-0620-004

Original Keywords: LogicEase Solutions Inc, 2006 Top 25 Service Providers, ComplianceAnalyzer, mortgage technology ComplianceEase

News Source: ComplianceEase