Lenders First Choice and VSI partner to create ServiceFirst Solutions
Press Release Archive - October 2006

Contact: Joy Harper Visionet Systems Public Relations (678) 799-8118 Joseph Agbasi Lenders First Choice Public Relations (678) 781-7238

FOR IMMEDIATE RELEASE Visionet Booth # 1510 Lenders First Choice Booth # 201 9 AM EST October 23, 2006

Visionet Systems and Lenders First Choice Partner to Create ServiceFirst Solutions

Joint venture allows lenders and servicers to domestically outsource post-closing, document tracking, lien release and escrow management

CHICAGO, Oct. 23, 2006 – Visionet Systems and Lenders First Choice have formed a joint venture to create ServiceFirst Solutions, combining Lenders First Choice’s strength in service with Visionet Systems’ skill in technology to offer a unique solution that allows lenders and servicers to domestically outsource post-closing, document tracking, lien release and escrow management. The news was announced today at the Mortgage Bankers Association’s 93rd Annual Convention and Expo in Chicago.

Through multiple domestic and global delivery centers, ServiceFirst Solutions provides a unique business process outsourcing (BPO) option through unmatched levels of domestic security, financial stability, advanced technology, mortgage industry expertise and exceptional service quality. To meet market-level needs, ServiceFirst Solutions converts fixed costs to a variable cost structure while optimizing operations and providing visibility to customers. On the individual level, the company creates solutions to cater to the unique requirements of each customer.

“While most companies offer either pure third party outsourcing or BPO performance enhancing technology, ServiceFirst Solutions is a ground breaking partnership that serves as a one-stop-shop that can meet both needs for lenders and servicers,” said Arshad Masood, president of Visionet Systems. “Lenders First Choice has built a powerful reputation based on its ability to provide exceptional service. Fused with the strengths of Visionet, ServiceFirst Solutions provides our customers with end-to-end profit enhancing solutions.”

“ServiceFirst Solutions represents the future of mortgage process outsourcing, by combining industry-leading expert support with proprietary technology that yields exponential cost and time-savings,” said Bill Moody, president of Lenders First Choice. “Outsourcing is now a major focus for all participants in the mortgage process, and this joint venture eliminates many of its historic drawbacks while providing tremendous returns. By providing unique solutions to meet individual customers’ needs, we are helping the industry reach the next level of productivity.”

ABOUT VISIONET SYSTEMS INC.

Cranbury, N.J.-based Visionet Systems is a full service mortgage consulting and business process outsourcing company that delivers products in the best-of-breed philosophy. Using a combination of consulting, metrics-based technology solutions and business process outsourcing, Visionet Systems helps lenders identify and remove inefficient processes to improve profitability. Founded in 1995, the company’s customers include mortgage lenders and servicers.

For more information, visit www.visionetsystems.com

ABOUT LENDERS FIRST CHOICE

Lenders First Choice provides settlement services and title insurance to regional and national lenders throughout the United States and operates from centers in California, Florida and Texas.

For more information, visit www.lendersfirstchoice.com.

Visionet Systems Inc.
www.visionetsystems.com
3 Cedarbrook Drive
Cranbury, NJ 08512
Phone 609.452.0700
Fax 609.655.5232
mortgage@visionetsystems.com

Contact:

Arshad Masood
Visionet Systems Inc.
609-452-0700 Ext. 1119
arshad@visionetsystems.com

Joy Harper
Visionet Systems Public Relations
(678) 799-8118