CreveCor Mortgage Taps Portellus for Enterprise Rules Management and Broker Portal; Solution Will Centralize CreveCor's Decisioning and Extend Broker-Facing Tools to the Point-of-Sale.

IRVINE, Calif. -- Portellus Inc., a leading provider of technology solutions and services for the financial services industry, announced that CreveCor Mortgage, a St. Louis-based national lender specializing in nonconforming and alt-A residential loans, is well under way in its implementation of the Portellus Enterprise Rules Management (ERM) system and broker portal. Together, the solutions will drive and manage the decisioning for CreveCor's pricing, product eligibility and automated underwriting within the company's existing LOS and at the point-of-sale.

"We evaluated a variety of different enterprise-class decisioning and portal solutions before settling on Portellus' unique approach to rules management," said Bruce Shumate, director of marketing at CreveCor. "What we really sought to accomplish was to have the ability to respond to and capitalize upon changing marketplace conditions by closely aligning our business operations with our technology capabilities. CreveCor selected Portellus because its ERM solution empowers our business users with the ability to author, maintain and deploy rules, which virtually eliminates the need to involve our in-house IT administrators or engage in costly professional services. As a result, our maintenance costs will be drastically reduced and we'll enjoy competitive advantages by being able to rapidly launch new products and pricing."

Portellus' ERM system will integrate with CreveCor's existing LOS to eliminate data entry redundancies and govern the lender's specific rules, policies and procedures throughout each workflow function via a centralized XML repository. Decisioning results will be extended to the broker portal for CreveCor's customers to access real-time pricing, product eligibility and true underwriting approvals as well as up-to-date pipeline status. In addition, Portellus' ERM integrates and communicates with CreveCor's legacy systems and third party service providers using Web services and leverage of the MISMO standard.

"Portellus' ERM solution is more than just a traditional rules management system and underwriting engine because it can be utilized to intelligently enforce so many different aspects of a lender's internal policies and processes," said Katherine Mak, director of client services at Portellus. "Unlike traditional rules-based systems, our ERM approach allows lenders to easily configure business rules to strictly govern mission-critical internal procedures, compliance regulations, workflows, sensitive data, legacy business rules tucked away in various third party applications or homegrown solutions, and more. This is where other 'AU vendors' start to fall short as they can only focus on one area of automation, while Portellus' ERM capabilities have just scratched the surface. This extreme flexibility makes our ERM solution one of the most in demand mortgage technology products on the market today."

Portellus will be offering demonstrations of its suite of mortgage technology solutions at the National Technology in Mortgage Banking Conference & Exposition in San Diego, March 29 - March 31, 2006, booth 431.

About CreveCor Mortgage

CreveCor Mortgage is a St. Louis, Missouri-based national non-conforming residential mortgage lender. CreveCor Mortgage originates loans through an expansive network of independent mortgage brokers across the United States. The company's loan programs provide its' broker network with a wide array of innovative mortgage solutions designed to meet the needs of almost any borrower. The lender is focused on building strong relationships with unparalleled customer service. Crevecor's teams of loan specialists manage the entire loan approval process from pre-approval to funding, striving to make mortgage lending easier. For more information, visit www.crevecor.com.

About Portellus

Headquartered in Irvine, Calif., Portellus Inc. is a leading provider of technology solutions and services for the mortgage banking and insurance industries. The company's Decision Management solution, Enterprise Rules Management (ERM) solution, Mortgage Solutions Framework, Point-of-Sale Portals and Insurance Rating and Underwriting Engine utilize Service-Oriented Architecture (SOA) to seamlessly integrate with existing systems, enabling clients to gain competitive advantages, reduce costs, mitigate risk, increase profitability, adhere to compliance regulations and swiftly enter new markets. For more information, visit www.portellus.com or call 949-250-9600.