Mavent Releases CRAx Secondary Market Execution Solution.

Solution enables more efficient, profitable sale of CRA loan pools to investors

IRVINE, Calif. -- Mavent Inc., a leading provider of automated regulatory compliance solutions to the mortgage industry's largest originators and investors, announced today the release of CRAx, which facilitates real-time measurement of Community Reinvestment Act (CRA) and GSE affordable housing goals, and identifies loans that command premiums in the secondary market.

CRAx integrates into a lender or investor's point-of-sale (POS), loan origination system (LOS), automated underwriting (AU) or other front-end system. It enables depository financial institutions (such as savings banks) to more efficiently and profitably meet CRA requirements, thus meeting the credit needs of communities in which they operate. CRAx also enables depository and non-depository institutions to identify at the point-of-sale loans that meet CRA or GSE housing goal requirements of secondary market counterparties, allowing clients to realize premiums on secondary market executions.

By conforming to a client's or its counterparties' assessment profile, CRAx allows a client to gain significant efficiencies by:

* Measuring progress towards achieving CRA goals in real-time

* Identifying "qualifying loans" at the point-of-sale

* Dynamically adjusting pricing and approval parameters in response to real-time CRA goals

* Managing multiple "assessment profiles" (those of both the client and counterparties) through batch upload or Web interface

CRAx can be combined with Mavent's other real-time compliance reviews--including truth-in-lending act (TILA), anti-predatory lending, broker and lender licensing, state consumer credit laws, Home Mortgage Disclosures Act (HMDA) and Office of Foreign Asset Control (OFAC)--to ensure originations and purchases comply with applicable law and investor policies.

CRAx features include:

* Turnkey integration: leverages Mavent's existing file format and client integration points through Web service, batch upload or user interface

* Flexible administration: manages multiple assessment profiles (those of both the user and counterparties) through batch upload or Web interface

* Active/inactive assessment profiles: assessment profiles can be stored as active or inactive according to current approved counterparty and quota levels

* Ease of use: offers clear messages for easy identification of qualifying loans

* Supplemental data: includes geocoding and income comparisons for each loan record

"CRAx is a clear example of how Mavent designs solutions that not only ensure regulatory compliance, but also drive both revenues and cost savings," said Louis Pizante, CEO of Mavent. "CRAx eliminates the need for costly end-of-year bulk purchases of Qualifying Loans and reduces expenses associated with year-end accounting and CRA reporting. Equally, CRAx identifies loans which can be pooled and sold at a premium to secondary market counterparties."

About Mavent Inc.

Mavent Inc. is a leading provider of automated regulatory compliance solutions to the mortgage industry's largest originators and investors, as well as medium and small-size institutions. The company is the developer of the patent-pending Mavent Expert System, a comprehensive automated solution that submits loan data for reviews against nearly 300 legislative acts, roughly 200 license types, and the rules and regulations of over 60 regulatory authorities. The Mavent system can be accessed through the front end, Web-based Mavent Compliance Console (MC2) or fully integrated through an organization's loan origination system (LOS). Mavent's legal reviews are jointly developed and supported by Mavent's in-house Legal Team and its network of nationally recognized consumer credit law firms - which includes Hudson Cook, Buckley Kolar.

Mavent's clients include some of the most prominent institutions in the industry, including Fannie Mae, CitiMortgage, National City Mortgage Corp., First Franklin (a subsidiary of Merrill Lynch Bank & Trust Co., FSB.), Credit Suisse, Ocwen Financial Corp., AmTrust Bank and HomeLoanCenter (a division of LendingTree). For more information on Mavent, visit the company Web site at www.mavent.com.