Colonial National Mortgage Gives Control of Closing Process to Brokers Through Guardian Mortgage Documents' TMS Solution.

Business Editors

LAKEWOOD, Colo.--(BUSINESS WIRE)--April 12, 2004

Web-based solution enables total collaborative knowledge and faster

production of quality assured closing documents anytime, anywhere

Colonial National Mortgage, a division of Colonial Savings, has chosen Guardian Mortgage Documents' (GMD) web-based Transaction Management System(TM) (TMS)(TM) for its more than 3,500 nationwide brokers. The solution enables brokers to control the speed and timing of document production and delivery with improved quality assurance and, therefore, salability. Selected brokers began using the solution during the first week of April, 2004.

TMS automates all document production, management functions and workflow tasks into one centralized and paperless value chain portal. Unlike traditional "doc prep" systems that simply produce and deliver documents, TMS provides all participants with web access for total collaborative knowledge and real-time participation in all loan activities.

According to Colonial National Mortgage, TMS was selected based on the goals of allowing brokers to initiate and control the closing process while the lender maintains ultimate approval prior to release; returning quality controlled documents more quickly; and offering a solution that is accessible nationwide via the Internet 24/7.

"With TMS, document preparation, quality assurance and delivery occurs in four business hours or less, as opposed to the typical two-business day turnaround our brokers have previously experienced," said Mark Sims, vice president of Colonial National Mortgage's Wholesale Lending Division. "This solution lets our brokers control the speed and timing of closings, and through increased QA we know the loans meet our investment guidelines."

In order to increase the level of quality assurance and to help ensure salability, Guardian Mortgage Services (GMS), GMD's total outsourced closing solution, performs a review on each file per Colonial National Mortgage guidelines prior to delivery.

"Colonial National Mortgage understands that by giving brokers control of the timing of orders and by automating the creation, quality control and delivery of closing packages, the lender is able to eliminate many potential problems on the backend," said Tim Anschutz, vice president of marketing for GMD. "TMS is built for lenders with numerous, geographically diverse users who need 24/7 real-time access to documents, workflow and management reports - in real time."

In order to take advantage of Colonial National Mortgage's TMS offering, brokers must be pre-approved by the lender and should contact their regional underwriting office or visit the lender's website at www.cnmbrokers.com.

About Colonial Savings/Colonial National Mortgage

Founded in 1952, Colonial Savings F.A. is a national, multi-service financial institution headquartered in Fort Worth, Texas, and is one of largest servicers of mortgage loans in the United States, with a servicing portfolio exceeding $8.6 billion. It is the parent company of Colonial National Mortgage, a leading residential mortgage lender; CU Members Mortgage, which provides mortgage services to credit unions nationwide; and Colonial Savings, a network of top-rated, banks located throughout North Central Texas. It is also affiliated with Colonial Life Insurance Company of Texas and DuBose & Associates Insurance. The privately held company provides a full array of personal financial products and originates more than $5 billion in FHA, VA, conventional and innovative single close construction loans annually.

About Guardian Mortgage Documents

Lakewood, Colorado-based Guardian Mortgage Documents (GMD) is a provider of document preparation, automated management workflow and fully customized outsourced solutions to the national financial services industry.

Since 1987, GMD's products and services have been built on best-of-class technology designed to provide an inventory of scalable and flexible multi-product capabilities, which can be customized to deliver elegant client solutions. From simple document preparation to fully integrated and customized workflow solutions, GMD technology streamlines all processes to increase efficiencies.

GMD clients include three of the top four largest residential correspondent lending institutions in the United States(a). For general information, visit www.gmd.com or call [phone]. (a) According to Origination News, February 2004, "Top Residential Correspondent Lenders in Jan-Sept 2003."