Yale Mortgage Launches Mavent's MC2 Compliance Review Platform.

Web-Based Portal Provides Quick, Precise Section 32 Guidance

IRVINE, Calif. -- Mavent Inc., a leading provider of automated compliance solutions to the financial services industry, announced that Yale Mortgage Company has implemented the Mavent Compliance Console (MC2), a Web-based portal that enables lenders, loan purchasers and other mortgage-related businesses to submit loan data seamlessly for comprehensive regulatory and business compliance reviews.

The principal customers of Miami-based Yale Mortgage Corp., which calls itself the "nation's largest hard equity lender," are subprime borrowers with considerable equity in their homes but who are unable to find traditional funding sources to satisfy their borrowing needs. Yale Mortgage refuses to fund mortgages known as Section 32, which fall under the strict guidance in Section 32 of Regulation Z of the Home Ownership and Equity Protection Act of 1994 (HOEPA) and establishes requirements for certain loans with high rates and/or high fees. Yale Mortgage and other equity lenders that refuse to fund Section 32 mortgages require strict compliance reviews made easy by Mavent's software, said Mike Riveron, chief operating officer for Yale Mortgage. "We want to comply with the federal regulation with every file, and Mavent has put us into a position to do that," he said.

Yale Mortgage selected MC2 because of Mavent's reputation and capability to streamline the compliance process. "It is very friendly in the set up process, very easy to use, and the graphics are good," explained Riveron. "Mavent has made it very simple for my staff to process a loan and save some time," said Riveron. MC2 permits Yale Mortgage to perform Section 32 due diligences quickly and precisely for each of the eight states in which Yale Mortgage is licensed. After every mortgage is assigned to a closer, and then referred to a title company, documents are prepared. At that point Yale enters information into the Mavent system, which gives them instant ratification -- or disapproval -- based on regulatory criteria. "We do all the compliance pre-closing," described Riveron, "When Mavent says we have a good file, we let the attorney of the closing agent know to go ahead because it has passed the compliance test."

Another positive outcome for Yale Mortgage is that because of MC2's open architecture, it interfaces easily with other third-party providers.

With MC2, mortgage professionals submit loan data on a manual, batch or combined basis to the Mavent Expert System, Mavent's flagship automated compliance solution, which collects and processes the electronic loan data against a comprehensive and precise legal rules repository. Clients can also integrate Mavent into their LOS for real-time processing of loan data.

"Yale Mortgage is a market leader with exceptional strategic insight and a demonstrated commitment to responsible lending," said Louis Pizante, CEO of Mavent. "Theirs is a perfect example of how to leverage the full business value and utility of Mavent's MC2."

MC2 offers several proprietary features and workflow methodologies that enable users with limited or no access to electronic loan data to input information easily and quickly for a swift and accurate review. MC2 also includes a powerful, flexible reporting tool that provides mortgage businesses with detailed information on both a loan level and aggregate pipeline or pool basis. Mavent's Transaction Reporting gives users the ability to quickly, easily access and format data into custom reports. The easy accessibility of MC2allows mortgage businesses seeking the highest quality compliance determination to test the Mavent Expert System against their existing compliance solution. Users can be up and running on MC2 in a matter of hours.

About Mavent Inc.

Mavent Inc. is a leading provider of automated compliance solutions for the mortgage industry. Mavent, incorporated in 2000, is the developer of the Mavent Expert System and the Mavent Compliance Console (MC2). The Mavent Expert System is a comprehensive automated solution that submits loan data for reviews against nearly 300 legislative acts, 155 license types, and the rules and regulations of over 60 regulatory authorities. Mavent's review functions include aspects of the Truth In Lending Act; HOEPA, state and local high cost reviews; loan level lender and broker license reviews; state consumer credit laws relating to such terms as usury, fee restrictions and prohibitions, prepayment penalties, late fees, and loan term and payment limitations; certain requirements of the Home Mortgage Disclosure Act; the Office of Foreign Asset Control; and, investor program requirements, such as an accurate Fannie Mae points and fees threshold test. Mavent can also implement custom business rules for its clients. The Mavent Expert System is supported by a growing network of law firms (including such prominent firms as Hudson Cook) who approve each of the nearly 7,000 pages of rules documentation that supports the Mavent Expert System.

The Mavent Expert System has conducted more than 15 million compliance reviews to date for some of the industry's largest originators and purchasers, including Fannie Mae, National City Mortgage Corp., Ohio Savings Bank, First Franklin, Ocwen Financial Corp., Credit Suisse, GreenPoint Mortgage and HomeLoanCenter (a division of LendingTree). For more information on Mavent, contact Louis Pizante, chief executive officer at 949-474-4732 or visit the company Web site at www.mavent.com.

About Yale Mortgage

Founded in 1992, Miami-based Yale Mortgage Corp., the nation's largest hard equity lender, is licensed in eight states. The company's primary market is a subprime borrower who has significant equity in their homes but traditional financial institutions are not meeting their borrowings needs. The company has partnered with leading financial institutions as a seller servicer and has executed 25 micro-securitizations totaling more than $400 million. For more information on Yale Mortgage, visit the company Web site at www.yalemortgage.com.