1 Source Data, Portellus in Joint Marketing Agreement
Date: March 14, 2004

1 Source Data, Inc., one of the Nation’s largest independent credit reporting agencies, and Portellus, Inc., a leading innovator of high-end decision management and business process software to the financial services industry, today announced a joint marketing agreement focused on the development and delivery of integrated web-based products to improve productivity for mortgage lenders and loan originators.

1 Source Data and Portellus recently completed an integration project, combining Portellus’ origination, workflow and automated underwriting solutions with one of 1 Source Data’s credit, service and settlement transaction platforms. With this integration, the client has full program approval with pricing and conditions, one click access to third party services and enhanced workflow automation, all at the point of sale. As stated by the client, “We have already seen significant efficiencies from our production staff, as well as increased customer satisfaction”.

"1 Source Data is an ideal credit partner. Their long-term expertise in mortgage credit services and web-based automation allows them to develop unique credit reporting products and comprehensive service packages," said John N. Le, president of Portellus. "We are pleased to be their rules management vendor of choice. In turn, we are excited about this relationship as it provides our current and prospective lending clients the ability to leverage Portellus technology and services with services provided by one of the industry’s most respected credit providers."

"Portellus’ business rule management technology adds tremendous value to our products,” says John Merrill, President of 1 Source Data. “It enables our customers – the mortgage lender – to lock-in loans in minutes, instead of days. Also, they can be more proactive to the market since they can instantly see the impact of modifications to their loan programs. This is an important step towards a comprehensive mortgage credit evaluation system, combining applicant data, credit transactions, automated scoring and process management. We look forward to cultivating new capabilities as a result of this integration."

About Portellus
Portellus, Inc. is a privately held company based in Irvine, California.

A Portellus powered financial services application automates back-office processes such as rate quotation, eligibility checking, risk analysis, program underwriting, and workflow management. Beneficiaries of such applications are companies in home mortgage, auto financing, equipment leasing, small business, as well as property & casualty insurance.

Portellus solutions enable financial services companies to service customers quickly, accurately, consistently, and inexpensively.

About 1 Source Data
1 Source Data, Inc. is a privately held company headquartered in Carlsbad, California. They are one of the Nation’s largest independent credit resellers, and an innovative provider of comprehensive service solutions to the mortgage industry.

1 Source Data helps loan professionals evaluate credit worthiness and fight credit fraud; select closing agents; determine property values; acquire income information and flood insurance; and provide quick, low-cost alternatives to title products. The company supplies a choice of Internet-based gateways, and provides custom, private-label credit and settlement transaction platforms, complete with vendor management services.

1 Source Data markets its services through its website, www.1SourceData.com and nationally through offices in major metropolitan areas.

More Information on 1 Source Data’s Credit Services.

 

MORE NEWS...

01.02.2004
1 Source Data and First Lenders Data Announce Partnership with
First Close, LLC

10.01.2003
1 Source Data Adds Credit Analyzer Re-Score Simulator to its Origination Tools Software Suite

09.13.2003
1 Source Data Adds Quick Value AVM Services to its Funding Tools Software Suite

04.04.2003
1 Source Data Adds Notary Management to its Software Suite

01.13.2003
1 Source Data Adds Value Comp to its Funding Tools Services

12.09.2002
1 Source Data Forms Partnership With RealEC™

11.26.2002
1 Source Data Releases Origination Tools Version 5.0