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QuestSoft Announces Release of Compliance EAGLE;

Software Provides Complete, Real-Time Automated Compliance Management for Mortgage Lenders

ORLANDO, Fla.--(BUSINESS WIRE)----QuestSoft, a provider of Home Mortgage Disclosure Act (HMDA) and Community Reinvestment Act (CRA) compliance solutions and geocoding services for lenders, announced at the MBA's National Technology in Mortgage Banking Conference & Expo the release of Compliance EAGLE, an end-to-end, fully automated compliance review solution that integrates with leading loan origination systems.

Compliance EAGLE is unique in that it automates the entire mortgage lending compliance process in a single system. The system's complete integration with popular LOS systems significantly reduces delays associated with integrating the platform and minimizes upfront installation costs.
Compliance EAGLE uses proprietary rule sets to identify regulatory exceptions. The initial release of the service enables users to instantly identify exceptions in the following areas:

• HMDA Validity and Quality Errors
• HMDA Rate Spread Calculation
• Truth in Lending Act (TILA)
• Predatory Lending
• High Cost Loans (HOEPA and State/Local High cost violations)
• Real Estate Settlement Procedures Act (RESPA)
• Office of Foreign Assets and Control (OFAC)
• Broker Licensing
• State and Local Consumer Credit Laws
• Flood Determination and Certification

In addition, the platform provides users with address verification, identification of loans that qualify for CRA value and census and demographic data for identifying emerging market opportunities.

QuestSoft combined its expertise with HMDA and CRA compliance and its flagship geocoding product Instant Geocoder, along with Mavent's Expert engine with its comprehensive compliance rule sets to offer an automated risk management solution unique within the industry. Compliance EAGLE delivers automated file reviews in seconds throughout the origination process giving users the ability to identify and correct error exceptions prior to funding the loan. Compliance EAGLE aids in reducing the time and expense related to pre- and post-closing audits resulting in a quality loan portfolio, which can be retained or sold to secondary market investors.

"Compliance EAGLE combines services traditionally performed by multiple vendors and adds new automation in areas that have been painstakingly manual," said Leonard Ryan, president of QuestSoft. "Complex compliance processes are now provided in the blink of an eye and at a price point that allows access to small and medium-sized lenders."

About QuestSoft

Laguna Hills, Calif.-based QuestSoft is a compliance software development firm specializing in the Home Mortgage Disclosure Act (HMDA), Community Reinvestment Act (CRA), flood determination and complete compliance management to more than 1,200 banks, credit unions and mortgage companies nationwide. The company provides software design, compliance-quality geocoding and outsourcing services that are backed by 16 years of direct mortgage software and origination experience. In addition, the company has received recognition for its many technological accomplishments.

For more information about QuestSoft and its products, visit the company's Web site at www.questsoft.com.

For QuestSoft Chuck Meyers, 678-781-7204 or Elizabeth Salter, 678-781-7224

03/29/2005 09:01 ET