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Montville NJ, October 1, 2008 — Mortgage Pricing Systems (MPS), developers of sophisticated pricing solutions for mortgage lenders, announced the release of new qualification enhancements for LEAP! Interactive, its popular Product and Pricing Engine (PPE). LEAP! Interactive is the flagship point-of-sale product for MPS and the newly released project, codenamed LoanStorm, provides dynamic tools to filter qualified mortgage results in real-time on a user’s screen.

“This is a game changer. We’re doing things here that the other PPE providers just can’t do.” said Tom Lyons, MPS Director of Relationship Management. “Face it, all PPE’s do similar things. You put in qualification criteria and they spit out qualified loans. Whether the other products’ results are accurate or not is debatable, but functionally they’re all similar. The new LoanStorm technology in LEAP! is different, it allows you to craft your qualification results in real-time. You can change your price and rate targets, sort by different parameters, try what-if scenarios, and the screen gives instant results. No more click and wait, click again, and wait some more. Oh, I want to change this, sorry, start over!”

Already one of the most versatile Product and Pricing Engines available in the mortgage industry, the release of the new LoanStorm technology introduces a significant advancement in the qualification and comparison features of LEAP! Interactive. The new enhancements effectively satisfy the competing goals of adding significant utility and speed while retaining the uncluttered, intuitive design heralded by LEAP!’s long-time, loyal users.

Julio Salazar, owner and CFO of Residential Home Funding, is a LEAP! user since 2006. "We've been beta testing the new LEAP! We love the improvements and everyone here is really impressed," says Salazar. "I like the fact that I can immediately see the products that I'm looking for. I don't have to wade through a bunch of qualifications or click through to other screens just to see a buy-up. If I'm interested in FHA, it literally jumps out at me. The improved version is a great tool both for secondary and recruiting new LO's.

Additional features include the ability to display many buy-up schedules on one page for detailed comparison, filters for FHA, Doc Level and more. MPS expects the new product to capture significant market share in an already crowded PPE arena.

About MPS:
Mortgage Pricing Systems develops and maintains product eligibility and loan pricing solutions for small, medium and large mortgage banks. LEAP! encompasses a suite of products which includes LEAP! Interactive, the point-of-sale, online technology that fully integrates into existing client platforms. In addition, other LEAP! products include batch pricing and API solutions. All MPS offerings feature the same robust, rules engine incorporating up-to-the-minute pricing, guideline and adjustment changes, ensuring bankers and investors accurate, actionable and profitable results.

Press Contact:
Tom Lyons
tlyons@mtgpricing.com
(973) 917-3050