Solidifi Selected for Prestigious Membership Position With CSRSA.

Credit Scoring and Risk Strategy Association Now Balanced to Include Collateral Risk

CHICAGO -- Solidifi Inc., a leading technology-based provider of collateral valuation and risk management services to the mortgage lending industry, announced that it has been selected from among a field of industry vendors for a prestigious membership position within the Credit Scoring and Risk Strategy Association (CSRSA).

The CSRSA is a unique not-for-profit organization devoted to the advancement of consumer and small business lending with a focus on credit/operational credit risk management processes, governance, predictive modeling, and fraud management. Only 12 vendors are permitted as sponsor members at any given time. Solidifi was chosen from multiple companies competing for a single open position this year.

"We are thrilled to have been chosen to receive membership status with the CSRSA," said Jason Smith, CEO of Solidifi. "Risk managers are coming to the realization that collateral valuation is a critical component of effective risk management. We were successful in demonstrating to the organization's leadership that Solidifi has the experience and the experts to deliver real value to CSRSA members."

Jeff Dumba is an executive with HSBC Canada and a CSRSA board member that was involved in this year's sponsor member selection process.

"Ours is a venue in which we share best practices and discuss issues and opportunities with like-minded people who all have their own particular viewpoints in the market. We work to find sponsor members that are very much aligned with what our members are thinking. Solidifi fit that bill," Dumba said. "What really tipped the scales for Solidifi was the enthusiasm," Dumba added. "It was very refreshing. They always came through in a very positive way. They were really looking to help."

CSRSA recognized the need to expand the risk management discussion from consumer credit, where the organization began, to collateral risk. Solidifi brings a wealth of collateral valuation experience to the Association and will begin leveraging it for the benefit of members starting at a General Meeting on September 30th at The Board of Trade where the company will present "Mortgage Lending in 2008/2009 - A Renewed Focus on Collateral Risk Management and Property Valuation." The presentation will discuss how a lack of focus on collateral risk management was a key contributor to the mortgage crisis in the U.S. and how through a renewed focus on collateral risk management, utilizing appropriate tools and processes, lenders in the North American marketplace can better mitigate and manage potential losses.

About Solidifi Inc.

Solidifi is a leading provider of collateral valuation, risk management and data analytic services to the North American mortgage industry. Solidifi provides mortgage lenders and professionals with a flexible service platform for procuring collateral valuations from marketplace vendors and appraisers, with complete transparency and data to make "incredibly smart decisions." Solidifi currently serves leading global financial institutions and is located in Chicago, Toronto, Montreal and Calgary. For more information, visit www.solidifi.com.