Framework Inc. Enhances LendWare Product Manager.

Business Editors

NEW YORK--(BUSINESS WIRE)--June 17, 2002

The Product Manager service can now be remotely deployed, allowing lenders to quickly and easily distribute their products, pricing, fees,

decisioning, and automated underwriting for offline access by

authorized users and systems

Framework Inc., a national provider of enterprise software for financial institutions, announced the enhancement of its LendWare(TM) Product Manager, a flexible software component that supports the configuration, management, and distribution of innovative credit, loan, mortgage, and custom financial products.

The Product Manager service can now be remotely deployed, allowing lenders to quickly and easily distribute their products, pricing, fees, decisioning, and automated underwriting for offline access by authorized users and systems.

"The LendWare Product Manager is differentiated by its flexibility, enterprise capabilities, and support for the entire lending value chain from point-of-sale through funding," said Dan McClure, CEO of Framework, Inc. "Other systems may support up-front quotes and approvals, but often do not fully support all critical functions that take loans through funding and help lenders efficiently and independently manage their operations."

The Product Manager offers a wide range of functions, including product eligibility, pricing, pricing adjustments, risk-based pricing, product fulfillment conditions, automated underwriting, rate-locking, fees, pricing history, version control, and pipeline support for inactive products. The Product Manager also facilitates offers, counter-offers, multiple scenarios, re-pricing, floats, locks, extended locks, and funding. Product searches can also return fulfillment and funding requirements, similar to a manufacturing specification or a recipe. The XML result set includes all related product attributes, conditions/stipulations, options, fees, etc. This feature is useful for communicating processing requirements to brokers and loan officers.

Additional features of the LendWare Product Manager include:

-- Entirely service-based and can be accessed via intuitive xHTML user
interfaces and/or service-based transactions.

-- Allows financial institutions to independently manage their products and
pricing because changes do not require source code. Products are defined and
implemented using the LendWare Configurator(TM), and can be added, changed, and
deleted in a matter of minutes.

-- Qualification rules can be defined to closely match customer needs with
products. Pricing rules can be defined to calculate precise customer offers,
including risk-adjusted pricing. Rules can be based on any of LendWare's 5,000+
data attributes and calculations.

-- Flexible definition of rate lock policies. Supports both standard and
customer-defined rate lock policies.

-- Automated electronic configuration and distribution via XML. The entire
product structure (including rules, eligibility, pricing, etc.) can be
transacted via XML to establish the initial configuration, manage updates, and
distribute information to and from other systems (laptops, secondary marketing
systems, etc.)

-- Multi-lender and multi-investor support. Define pricing and underwriting
parameters by individual entities.

-- Robust version control and change control. Multiple working copies of the
configuration can be managed. LendWare maintains a version-controlled archive
of working copies promoted to production, supporting inactive "locked
loans-in-process." Products can also be time-stamped and turned on or off
according to pre-defined rules, to facilitate "specials" and other promotional
programs.

-- Flexible multi-user administration. Users may "check out" subsets of
products and see other checked-out subsets including editor names and IDs.

About Framework, Inc.

Framework, Inc. provides a comprehensive eBusiness platform for top financial institutions. Its configurable enterprise software, LendWare, enables instant decisions and rapid electronic fulfillment of loans, credit, and financial solutions across all distribution channels. LendWare addresses the most complex, inefficient, and time-consuming aspects of financial product configuration and fulfillment, including data collection, credit analysis, deal structuring, cross selling, pricing, verifications, processing, underwriting, documents, compliance, settlement, post-closing, and legacy systems integration. For more information, visit www.lendware.com.