JACKSONVILLE, Fla., March 29 /PRNewswire/ -- WellFound Decade Corporation, a leading provider of business integration software, has announced the launch of InvestorExpress(TM), a software solution that enables mortgage sellers to electronically deliver mortgage loan data to their investors. Countrywide's correspondent customers are the first to benefit from InvestorExpress, which enables the electronic delivery of loans to Countrywide with unparalleled accuracy, speed and cost-efficiency.

A software solution deployed by the mortgage seller, InvestorExpress automatically extracts committed loan data from the seller's system, translates the loan data into the investor's format of choice, and securely delivers the data for the investor to upload into their system.

InvestorExpress drastically reduces funding and post-closing time and costs for investors and lenders. Brian Goldberg, VP of Operations at Countrywide, explains, "WellFound Decade's InvestorExpress represents an EDI interface which is superior to all other interfaces developed to date into the Countrywide Correspondent Division. It empowers our customers to deliver loan data electronically so that an unprecedented 98.5 percent of data can be accurately read electronically. This is a great improvement over our prior options which enabled us to read less than 66 percent of data delivered. The ability to accurately receive electronic loan data is a huge bonus to us and our customers."

American Mortgage Express, the first of two lenders to implement InvestorExpress, has experienced large savings and improvements in efficiency since the November 2004 deployment. "It used to take us eight days to fund a loan. Now it takes us only one or two," explains Kevin Chriton, Chief Executive Officer of American Mortgage Express. "Within a two month period, we have delivered 1,500 closed loans to Countrywide using WellFound Decade's InvestorExpress solution. On overnight shipping costs alone at a fixed rate of $5 per file, we have saved $7,500. That translates to $45,000 on annual shipping charges alone."

Benefits of delivering loans to Countrywide via InvestorExpress transcend beyond cost of shipping. When delivering loans through InvestorExpress, American Mortgage Express finds that representations and warranty items no longer hold up funding. That is, Countrywide offers American Mortgage Express up to 60 days to clear any trailing documents or suspense items after the loan is closed. Brian Fitzpatrick, President of WellFound Decade, adds, "InvestorExpress enables American Mortgage Express to manage its warehouse line to its financial benefit, either keeping loans in the line longer for interim interest play, or by removing loans that are costly to house on the line. It also dramatically shortens the time from delivery to purchase of loans and improves managerial control of the delivery and sale of loans. Overall, InvestorExpress helps mortgage sellers dramatically improve the efficiency and reduce the costs of the loan closing process."

InvestorExpress is the first in a series of business connectivity solutions that leverage components of WellFound Decade's flagship Mortgage Integration Foundation(TM) software.

About WellFound Decade Corporation

WellFound Decade Corporation is a leading provider of standards-based business integration software, with a primary focus on the financial services industry. The firm's time-tested software serves companies of all sizes by improving connectivity and collaboration throughout the enterprise. WellFound Decade's flagship product, the Mortgage Integration Foundation, empowers companies to rapidly integrate their current internal systems, users, and external partners to produce a highly efficient, more cost-effective end-to- end mortgage lending process - from origination through closing, to servicing, secondary markets and default management. For more information, please visit http://www.wellfounddecade.com/ .

Contact Tom Litke EVP of Marketing and Products WellFound Decade Corporation (678) 741-2283 Tom.Litke@WellFoundDecade.com

CONTACT: Tom Litke, EVP of Marketing and Products of WellFound Decade
Corporation, +1-678-741-2283, or Tom.Litke@WellFoundDecade.com

Web site: http://www.wellfounddecade.com/