ComplianceEase Advisory Board Members Address ``The Role of Technology in Mortgage Compliance'' at Annual Reception.

SAN FRANCISCO -- Founders of Freddie Mac and Prominent Mortgage Industry Figures Provide Unique Perspectives

ComplianceEase(R), the leader in residential mortgage risk management solutions, held their annual Client Advisory Reception Monday night at the Mandarin Oriental Hotel during the Mortgage Bankers Association's 91st Annual Convention & Expo. Among ComplianceEase's distinguished advisory board members in attendance were Dr. Preston Martin and Mr. Victor Indiek. Both gentlemen played key roles in the founding of Freddie Mac, and provided unique insight to reception attendees, -- addressing the state of the industry and, "The Role of Technology in Mortgage Compliance".

A total of five ComplianceEase advisory board members provided their own unique insight at the event, including:

Dr. Preston Martin, former Vice Chairman, Federal Reserve Board

Mr. Victor Indiek, former President, Freddie Mac

Mr. Wright Andrews, Partner, Butera & Andrews

Mr. Donald Lampe, Partner, Womble Carlyle Sandridge & Rice

Mr. Bill Ridder, former President, First Collateral Services/Citigroup

The advisors' comments concerned the issue of predatory lending in the mortgage industry and its impact on operations. Residential mortgage lenders today face a diverse set of risks largely stemming from the recent growth of anti-predatory lending legislation. The speakers offered thoughts and advice on implementing sound risk management policies and effective incorporation of automated compliance technology in the financial services industry. Recent regulatory investigations and high-profile fines highlight the mortgage industry's need for effective compliance procedures and automated third-party review. "In order to increase liquidity in the Capital Markets," Mr. Indiek commented, "participants are embracing automated compliance solutions as a way to mitigate risks and to assure they are in compliance with all requirements, particularly those associated with predatory lending."

Two of the nation's premier compliance attorneys, Mr. Lampe and Mr. Andrews, provided commentary on the topic of anti-predatory lending compliance and discussed examples of the numerous, complex triggers and varying definitions found in recent state and local lending laws. Speaking about recent legislation enacted in Massachusetts, Mr. Lampe explained, "What makes the Massachusetts law and many other state and municipal anti-predatory lending laws so unique is that they are both complex and quick to become effective. Compliance and risk management processes must be accurate and agile."

Mr. Andrews stated, "Lenders are concerned with both legal and reputational risk. They are mostly concerned that even if they violate laws unintentionally, which can be easy to do, they could be labeled as 'predators'."

Comments at the reception focused on ComplianceEase's ability to advance the compliance processes of the mortgage industry -- both at the point of origination and in the Capital Markets. Speaking from his own experience in the foundation of today's secondary market, Preston Martin added, "As agencies like the Federal Home Loan Banks participate in the Capital Markets, they too must be aware of anti-predatory lending laws. The solutions developed by ComplianceEase are a perfect fit for their needs." All participants made it clear that, from a mortgage industry risk management standpoint, technology now plays a critical role.

About ComplianceEase(R)

ComplianceEase, a division of LogicEase Solutions Inc., headquartered in San Francisco, California, is a premier provider of intelligent business solutions to the financial services industry. Its ComplianceEase platform provides the industry's first automated compliance solutions utilizing advanced artificial intelligence reasoning and decisioning technologies as well as natural language processing. ComplianceEase powers beginning-to-end solutions at a fraction of the time and cost of the traditional approaches, while providing better accuracy and integrity. ComplianceEase also provides professional services, and consulting services. For more information on ComplianceEase, visit www.ComplianceEase.com.