Out of the Box  n n n n n n n n n n n
A MindBox Newsletter Issue 12 — December, 2006
Letter from the President

 This has been a great and exciting year for the company.  Recently, we launched the MindBox Power Portal.  This cutomizable web site technology allows lending institutions to quickly launch private branded, comprehensive web sites for automating the underwriting and approval of mortgage loan applications.  With MindBox Power Portal, brokers, loan officers and other originators are able to submit specific borrower and loan information to a web site for automatic analysis by MindBox's ARTEnterprise™ Decisioning Engines, including ARTOptimize™, ARTQualify™ and ARTPrice™. For every loan submitted, multiple loan scenarios are automatically generated by MindBox's deal structuring capabilities and displayed by the MindBox Power Portal.  This allows us to provide a very powerful and flexible "face" to our decisioning engines.

We've also added a number of new customers to our impressive client list.  Thanks to many of you who have agreed to provide references.  This year is a tremendous growth year for the company and it is your trust and loyalty that has made it possible.  We take this responsibility very seriously.  Thank you for allowing us to help you change the face of the mortgage lending industry. 

I hope you find this edition of Out of the Box informative.  If you have any questions, please feel free to contact me.  We are committed to your success.  Feel free to call or write any time rich.barfus@mindbox.com!

Thank you for your continued support.
— Rich Barfus, CEO and President


Technology Update with Brian Sauk

We have had some significant product rollouts recently, and others planned for release in the next few months:
  • In August, we released PE version 4.5, which includes an LDAP interface for login authorization, and generalized entities.  Numerous other improvements were incorporated based on customer feedback.
  • In June, our core decisioning engine was integrated with Marshall Swift's RCT Express product, providing value added decisioning on top of the valuation and hazard data from RCT Express.  The system went live in September.
  • In July, ARTEnterprise 10.1.1 was released, with performance improvements for object patterns, and improved ESP control for failed transactions.
  • In September we released MindBox Power Portal (MPP) version 2.1 — this is the latest version of our portal interface to ARTOptimize™.


MindBox in the News

MindBox® made the following announcements in September and November:

  • Paul Financial LLC — Paul Financial, a San Rafael, Calif.-based mortgage lender, has turbo-charged its loan origination system with MindBox's Power Portal, Power Editor and ARTOptimize™ technology.  Paul Financial deployed MindBox's decisioning products to enable mortgage loan decisioning and deal structuring capabilities via a web portal — including the ability to manage and easily maintain loan pricing and underwriting guideline changes.
  • Ameritrust Mortgage Co. LLC — Ameritrust, a nationally recognized mortgage lender based in Charlotte, N.C., has deployed MindBox Power Portal and an ASAP system.  The MindBox solution has enabled Ameritrust to automate the loan pre-approval, data gathering and underwriting processes within a Web-based broker portal.  Thus allowing the lender to reduce operating costs while increasing the volume of loans processed and approved.  Additionally, the simple-to-use, point-and-click functionality allows Ameritrust's sales staff to quickly import 1003 loan application data, pull credit information from dozens of vendors, and obtain loan approvals and pricing.  The entire MindBox solution was deployed and operational with a full set of Ameritrust product guidelines in less than 90 days.

MindBox was featured in some interesting press this last quarter.  National Mortgage News did a feature article about the MindBox Power Portal and how it brings automated loan decisioning to the point of sale.  MindBox CEO Rich Barfus was quoted and some of our capabilities were highlighted.

MindBox has also been featured in several key articles in such publications as Mortgage Technology Magazine, Real Estate Technology News, Origination News, Origination Times, Secondary Marketing Executive, National Real Estate Investor and  Mortgage Banking Magazine.


What's Ahead

Our next edition of the newsletter will be sent out in June 2007.  If you know of others who would like to receive the newsletter, please have them email Yared Benyam at Benyam@mindbox.com to be added to the distribution list. 

Here's a sneak peak of what's to come in the next edition:

  • MindBox Product Update
  • MindBox in the News
  • Partnerships and Customer Update

If you have any questions or comments please e-mail them to Yared Benyam at Benyam@mindbox.com.

Yared Benyam
Director of Marketing
MDA MindBox, Inc.
Office:  415-785-3065
Fax:  415-785-3055
Benyam@mindbox.com