EasyLink Features New Mortgage Document Processing Solutions at the 91st Annual Mortgage Bankers Association Convention And Exposition

Business Wire, Oct 27, 2004

PISCATAWAY, N.J. -- New Inbound Mortgage Document Reception and Handling Solutions Reduce Cost, Errors, and Delays to Make Mortgage Companies More Competitive

EasyLink Services Corporation, (NASDAQ: EASY), a leading global provider of services that power the exchange of information between enterprises and their customers, today announced its participation in the 91st annual Mortgage Bankers Association (MBA) Convention and Exhibition taking place this week in San Francisco, California. MBAA is widely recognized as the mortgage industry's leading annual forum, with over 6,000 mortgage bankers, brokers, and related industry professionals attending. MBA is the national association representing companies involved in real estate finance. EasyLink is an associate member of MBA serving over 70 companies involved in real-estate finance, including some of the industry's largest.

Proven in the financial industry with more than 20 years of service, EasyLink counts 20 of the world's top 30 financial institutions and more than 600 worldwide as clients, primarily in the commercial banking sector. EasyLink began to focus on mortgage opportunities within the past few years, starting with Production Messaging and Integrated Desktop Messaging offerings. Most recently, the company has introduced solutions to automate the processing of Form 1003 mortgage applications and related documents, leveraging its Document Capture and Management family of services.

Using EasyLink to handle the reception and handling of mortgage documents reduces the time, cost, and errors associated with manual processing. EasyLink's solution automatically converts the information from faxed 1003 forms and supporting documentation into digital images and system-ready data, including the mortgage industry's MISMO XML standard, typically within 30 minutes or less and with 99.5% or better data accuracy. EasyLink also offers secure and efficient image database access to received documents as an alternative to slow and costly paper filing procedures common in the industry today.

"In today's tightening loan marketplace, banks and mortgage companies are seeking new ways to reduce costs and streamline processes, and getting a loan processed and approved quickly can be the difference between winning and losing a customer" said Frank Graziano, EasyLink's Senior Vice President of Marketing and Corporate Development. "EasyLink offers a full spectrum of services to help mortgage companies become more competitive by reducing the costs, errors, and delays associated with the widespread manual business processes in their industry. We are pleased to be associated with the MBA, and our participation in this convention is consistent with our strategy of providing outsourced business process automation solutions to the financial services industry."

About EasyLink Services Corporation:

EasyLink Services Corporation (NASDAQ: EASY), headquartered in Piscataway, New Jersey, is a leading global provider of services that power the exchange of information between enterprises, their trading communities, and their customers. EasyLink's global network handles over 1 million transactions every business day on behalf of over 60 of the Fortune 100 and 20,000 other companies worldwide. We facilitate transactions that are integral to the movement of money, materials, products, and people in the global economy, such as insurance claims, trade and travel confirmations, purchase orders, invoices, shipping notices and funds transfers, among many others. EasyLink helps companies become more competitive by providing the most secure, efficient, reliable, and flexible means of conducting business electronically. For more information, please visit www.EasyLink.com.

This news release may contain statements of a forward-looking nature relating to the future events or the future financial results of EasyLink. Investors are cautioned that such statements are only predictions and that actual events or results may differ materially. In evaluating such statements, investors should specifically consider the various factors which could cause actual events or results to differ materially from those indicated from such forward-looking statements, including the matters set forth in the Company's reports and documents filed from time to time with the Securities and Exchange Commission.