Mortgage Industry News
Press Release Archive - June 2008

Contact: Arshad Masood Phone: 609.452.0700 x1119 arshad@visionetsystems.com Cliff Johnson Visionet Systems Public Relations (609) 409-1063 x1116 clifford.johnson@visionetsystems.com

FOR IMMEDIATE RELEASE 9 AM EST June 11, 2008

Visionet Systems Expands Its Indian Mortgage BPO Operations

— Mortgage QA/QC Review and Title Processing Segments Lead the Growth —

CRANBURY, N.J., Jun 11, 2008 – As the mortgage industry slows and consolidates it is increasingly relying on competent and specialized outsourced service providers like Visionet. As a result, Visionet is experiencing rapid growth in its Business Process Outsourcing operations and has moved to a newer and larger premise in Bangalore, India. Most of this growth is in the higher end knowledge based services such as high cost lending auditing, tax searches, title policy production, lien release, loan boarding and repurchase management.

Visionet is an end-to-end BPO provider to Mortgage Banks as well as Title companies. Visionet Systems is driving the vision of an IT led BPO solution for its customers. Visionet has designed and engineered IT products which empower companies to outsource their business processes far more efficiently by providing:

• A standard / customized IT platform which the Associates utilize to execute the processes
• Automated processes wherever possible to reduce the manual processing. The IT arm of the company works closely with Mortgage Technology Research Lab and the BPO division to design the best application solution required for the client
• Six sigma based BPO delivery solutions
• Best practices for Automation for executing BPO processes

“The growing demand for outsourcing capabilities with equal or better quality at discounted costs has helped drive our successful growth,” said Soni Rahman, CEO of Visionet Systems Private Limited (India). “No other company is more passionate about the mortgage industry than Visionet. We make credible and measureable differences to our client’s profitability on a consistent basis. With more than 11 years of experience in workflow-based technology, mortgage consulting and business process outsourcing, Visionet understands the implications of a slowing mortgage market and the strategic impact that our solutions can provide. We are anticipating record growth in 2008.”

About Visionet Systems

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. Visionet is recognized by the Mortgage Technology magazine as the Top 50 Best & Brightest Mortgage Technology Provider. 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

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

Cliff Johnson
Visionet Systems Public Relations
(609) 409-1063 x1116
clifford.johnson@visionetsystems.com