LendersLogicâ„¢ Completes Move to New World-Class Data Center

Popular consumer-direct mortgage application software now offered with improved document delivery and new user based pricing.

Boston – May 12, 2011 – LendersLogic, Inc. today announced the completion of its move to a new SAS 70 Class II compliant world-class data center providing N+1 optimized connectivity with generator power back up and dedicated 24 hour a day physical on site security.

“This move, more than 10 months in the planning, reflects our continued dedication to providing our banks, credit unions and mortgage company customers the best service and solution possible,” said Wayne Howe, LendersLogic President and General Manager.

The company also announced the availability of LendersLogic v3.7 with improved flexibility for automating the real time delivery of the Good Faith Estimate and other required disclosures used in its popular consumer-direct mortgage loan decisioning solution.

The LendersLogic mortgage application software with instant online approval is also now available with new levels of user based pricing making getting started with online lending even more attractive.

“From the largest banks to the smallest “mom and pop” mortgage broker, LendersLogic now has a solution that easily scales to meet the needs of all size originators,” Howe said.

The LendersLogic online mortgage application not only offers originators a safe way to allow consumers to apply for a mortgage on the web, the solution helps originators meet all new RESPA Regulations and FTC requirements for consumer data protection.

“Today lenders have to meet an ever changing list of regulations and requirements,” said Howe. “LendersLogic is not only committed to make sure originators keep their online application in compliance, but the company also makes sure to continue to deliver a solution that provides a positive online mortgage experience to borrowers.”

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

About LendersLogic

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.

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