APPRO Systems Introduces Newest Version of LoanCenter Consumer 3.0; Largest Addition of New Functionality to Date in Single Release.

BATON ROUGE, La. -- APPRO Systems, Inc., the leading provider of automated credit risk management and financial technologies for the lending industry, today officially introduced the latest version of its consumer loan automation system, LoanCenter Consumer 3.0 (LCC 3.0). LCC 3.0 represents the largest release of new enhancements to date, especially related to home equity and automobile finance lending. The system is currently in use at Tukwila, Wash.-based, BECU Credit Union.

"LCC 3.0 has many new features that provide us with significant efficiencies in the processing of our home equity and automotive applications," said Gary Fee, director of Consumer Loans at BECU Credit Union. "The integration of the settlement services providers streamlines the processing of our home equity applications by eliminating the need to re-key information in the ordering of AVM, title and property information. The integration brings the information back into the APPRO system which can be attached to the application, making the entire process paperless."

LCC 3.0 represents a significant step in the streamlining of home equity line of credit (HELOC) lending with new functionality that provides automated Home Mortgage Disclosure Act (HMDA) reporting and Home Ownership and Equity Protection Act (HOEPA), or "truth in lending," determination capabilities to LCC users.

Auto lending processes are positively impacted by LCC 3.0 through the addition of Phase I support for e-contracting, a re-design of the CarBook Module and enhanced rules to evaluate automobile delinquencies. Now, LCC 3.0 users are able to more efficiently process auto finance loans by having dealers send contract data electronically into LCC 3.0 for previously approved or countered credit applications and capturing vehicle information from CarBook, Vehicle Editor and Vehicle Editor 2 through one program rather than three.

"The enhancements to automotive applications also adds efficiencies with improved valuation capabilities and additional Expert System rules to increase the automation in the approval process, said Fee. "These enhancements coupled with the integration of the CUDL application decisioning system, allow us to provide more consistent and faster approval to our dealer network."

"LoanCenter 3.0 further advances the streamlining of the loan process by fully automating all of the tasks associated with a loan request," said Steve Uffman, CEO of APPRO Systems, Inc. "From data entry to fulfillment the amount of human intervention desired is determined by the lender not by lack of technology."

About APPRO Systems, Inc.

APPRO Systems, Inc. is the lending industry's leading provider of comprehensive, automated credit risk management and financial technologies for the Internet and traditional lending environments. APPRO supports more than 400 financial institutions, with customers of all types in the United States, Canada and Puerto Rico. The company provides rapid implementation time and professional services for its signature product, LoanCenter(TM), a scalable software system that enables high decision quality and speed and automates the entire workflow of processing credit applications and originating loans for lenders of all sizes. The 25-year-old company is based in Baton Rouge, La. with additional offices in Dallas, Texas. For additional information about APPRO, visit the company's Web site at www.approsystems.com.