Boston - March 1, 2010 - Is your web based mortgage application in compliance with new 2010 RESPA Regulations and FTC requirements?

LendersLogic, Inc. today announced the release of LendersLogic v3.2 with new password and automated document management features aimed at helping originators meet new 2010 RESPA Regulations and FTC requirements for consumer data protection.

"Today lenders not only have to be more diligent in their underwriting activities, they also have to meet an ever changing list of regulations and requirements," said Wayne Howe, Lenders Logic president and general manager. "LendersLogic is not only committed to make sure originators keep their online application in compliance, but the company makes sure to continue to deliver a solution that provides a positive online mortgage experience to borrowers."

Lenders today is used by banks and credit unions all across the nation and has helped customers originate billions of dollars in online volume.

Available now, LendersLogic v3.2 meets new underwriting mandates and FTC Red Flag security requirements.

LendersLogic v3.2

• New password syntax parameters that give lenders the ability to specify password syntax and parameters to meet each originators security requirements
• New lost password functionality that will allow a user with an active account and working e-mail to reset their password.
• New Lost pass phrase function that will allow a user with an active account and working e-mail to recover the lost pass phrase.
• " Management options with more flexibility in selecting among purchase, pre-approval or refinance tracks.
• " Document delivery options with greater flexibility in meeting new RESPA 2010 Regulations for the Good Faith Estimate (GFE).

LendersLogic provides web-based application decisioning for the mortgage origination industry by offering software as a service (SaaS). LendersLogic reduces lenders IT dependency and speeds up deployment of web based origination. LendersLogic advanced technology using MISMO standards provides originators improved pull through rates and lowers the cost of direct origination.

Among the first companies to provide consumer-direct automated underwriting at the point of sale, LendersLogic was built in partnership with leading mortgage lenders and the company is a licensed Freddie Mac Technology vendor. Offered as a managed web service, LendersLogic meets all government guidelines for consumer data protection and the product was awarded Mortgage Technology Magazine's "Rising TechStar 2005" award.

Boston - August 20, 2009 - LendersLogic, Inc. today announced the release of LendersLogic 3.0 with new multi-level authentication and expanded automatic document delivery.

"The introduction of LendersLogic 3.0 demonstrates our company's commitment to our customers to continue to provide the security, features and functions needed to continue to manage and grow their online volume, said LendersLogic President Wayne Howe. "Since its introduction, LendersLogic has helped banks and credit unions all across the country originate billions of dollars in loan volume."

As online shoppers demand better online services, LendersLogic is helping originators create a better experience for mortgage borrowers. LendersLogic was designed from the bottom up as a sales tool that can be easily implemented and used to pull in applicants through the Internet channel and turn them into borrowers.

"Since we added LendersLogic with instant online mortgage approval in 2007, we have seen our online volume grow significantly," said Marc Leone, Vice President and Residential Lending Manager at Coastway Community Bank in Cranston, RI. "The new features in LendersLogic make it easier for us to publish rate programs and to deliver documents to the borrower. The enhanced security more fully meets Coastway's requirements for consumer data protection."

History shows that the secure, fast LendersLogic system creates a compelling online applicant experience that strengthens the borrower's loyalty to the lender. More than just a credit evaluation, LendersLogic returns an institutional underwriting assessment right at the point of sale with proven results. According to records, LendersLogic originators are averaging an 84.99 percent "eligible" assessment.

LendersLogic 3.0 meets all new underwriting mandates and requirements and also provides our customers with the following new features and upgrades:

• Multi-level authentication and anti-phishing advanced security during account log-in to guard against identity theft and spoofing.
• Option to add additional images or icons for greater customization.
• Expanded document delivery to the applicant
• Support for more rate programs
• Built in APR/CPM calculator in the rate editor
• Detailed rate program descriptions
• Improved archiving and purging of sensitive consumer financial data

About Coastway

Coastway Community Bank reflects the dedication to customer service and the belief that local banks stimulate local economy. Headquartered in Cranston, R.I., Coastway has $303 million in assets, seven branches and approximately 120 employees.

Among the first companies to provide consumer-direct automated underwriting at the point of sale, LendersLogic was built in partnership with leading mortgage lenders. Offered as a managed web service, LendersLogic meets all government guidelines for consumer data protection and the product was awarded Mortgage Technology Magazine's "Rising TechStar 2005" award.