PRESS RELEASE

TeraVendo, Inc. Releases LoanAce TEAM™, a pipeline and manager view tool for mortgage broker/owners

LoanAce TEAM™ offers valuable new product for broker/owners in tracking loan files making LoanAce a viable, cost saving option for companies whether they have 5 or 15000 originators

(Bellevue, WA May 8th, 2007) TeraVendo, Inc. released an enterprise level software option called TEAM. TEAM, an acronym for Technology for Employee Activity Management™, gives mortgage brokerages/broker owners the ability to view all active loan files in their company pipeline. This functionality empowers executives to track various productivity trends, and spot compliance challenges enabling effective managers to increase production and minimize risk.

“We developed TEAM for two reasons,” said Jeff Cunio, President of TeraVendo, “To increase profitability and decrease liability for mortgage brokerages. Typically you would never say, “Increase profitability” and, “pipeline/managers view” in the same sentence because the cost has been so burdensome. We decided to challenge that standard. The result is a robust, reliable, efficient and affordable solution that allows companies to manage their business without blowing the budget.”

Drawing on ten years of mortgage and real estate experience David Lawler, the National Sales Director for TEAM, said, “Having had the experience of managing staff in this industry, I understand the importance of protecting your livelihood. TEAM not only helps safeguard against compliance issues, but with the pipeline view and the ability to cover multiple states, it can reveal profit opportunities. Add to that the substantial cost savings TEAM offers and you have an unbeatable value putting more profit in your pocket for less!”

TeraVendo, Inc. is dedicated to providing secure, efficient and customer-friendly software solutions to loan originators, mortgage brokers, and loan officers. Since 2005 the Company has been invested in the development of the best possible information technology solutions for the Mortgage Industry. TeraVendo's flagship product, LoanAce®, the Mortgage Industry's first Loan Origination Software available at no charge, quickly catapulted the industry to a new level of productivity. LoanAce® went beyond providing a fully functioning LOS and introduced industry-leading features, including: QuickTitle®, one click title ordering, integrated leads, a manageable and user-friendly format, and TEAM™, a productivity and compliance tool that enable brokerages/owners to view and manage their originators' loan files. For more information, please visit www.loanace.com.

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