Sun America Mortgage Corporation Selects Loansoft LS AGENT to Centralize Point-of-Sale Application Process

Business Wire, May 1, 2001

Business Editors

BERKELEY, Calif.--(BUSINESS WIRE)--May 1, 2001

Loansoft, a provider of automation software for the mortgage industry, announced that Atlanta-based Sun America Mortgage Corporation has selected its LS AGENT point-of-sale solution to automate its front-end loan application process, and is in the initial implementation phase.

Sun America anticipates using LS AGENT will reduce the company's administration costs, increase efficiency for its loan officers and boost customer service.

According to Sun America, it looked at several different vendors before deciding on the Loansoft STUDIO system. "Its functionality was very easy to understand and all transactions could be completed from a single application," Sun America spokesperson said. "For example, Desktop Underwriter and Loan Prospector may be accessed without leaving the application. Credit works the same way too. This will save the user additional time when trying to approve a borrower."

Loansoft Chief Operations Officer C.C. Miller said, "Sun America is very well respected in the mortgage industry and especially in Atlanta where the market is very active. LS AGENT is a very innovative product and will assist Sun America in meeting its goals to provide increased productivity and profits.

Sun America expects to have the LS AGENT system completely rolled out to its loan officers by June 2001.

About Sun America Mortgage Corp.

Atlanta-based Sun America Mortgage Corp. is a locally owned and operated mortgage company. In the past decade, Sun America quietly closed more than $6.5 billion in residential, conventional, FHA and VA loans. Sun America Mortgage is consistently ranked among the top three mortgage lenders in the state of Georgia.

For more information about Sun America Mortgage Corp., visit its Web site at www.sunamericamtg.com or write to 5775-C Glenridge Drive, Suite 200, Atlanta, GA 30328.

About Loansoft

Loansoft Inc. is an exclusive provider of mortgage automation software for the mortgage industry. The company's Loansoft Studio system features point-of-sale, origination, tracking and closing. Loansoft also provides LS Workshop, containing screen designer and script editors, tools that allow lenders to customize virtually any part of the Studio system. RD Warehouse offers a central database and file synchronization via the Internet. LS Loan Portal (loanportal.com) features many consumer/loan officer functions.

Founded in 1993, Loansoft serves over 27 mortgage lenders and has more than 9,000 software users. The company is privately held and is headquartered in Berkeley, Calif. For more information on Loansoft, Inc. and its automated mortgage origination solutions contact Loansoft at 2930 Shattuck Avenue, Suite 206, Berkeley, CA 94705, 510.647.1700, or sales@loansoft.com. Loansoft's Internet site can be viewed at www.loansoft.com.