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Wed, 04/30/2003

Mortgage technology company introduces the industry's first fully integrated
mortgage customer contact management system for loan officers

CARSON, Calif. - May 12, 2003 - Document Systems, Inc., (DSI), a mortgage technology company that develops tools and processes for producing and completing compliant loan document packages, released the industry's first fully integrated mortgage customer contact management system specifically designed to meet the needs of loan officers, LoanMagic. LoanMagic streamlines the tasks involved with acquiring leads, managing contacts and gathering all personal and credit information necessary to secure a loan.

According to DSI officials, LoanMagic was developed to improve the process of gathering information at the front-end of the loan process. It provides loan officers with a tool to help them before, during and after the sale of a loan by enabling them to manage leads and client information, compare loans, create loan documents, schedule meetings, store financial information and transfer reports to clients and contacts.

"LoanMagic's side-by-side comparison reports give my clients the information they need to make an educated decision," said Edwin Gray, senior mortgage consultant with Original Mortgage Source, L.L.C. "The flexibility provided by LoanMagic is unequaled in the industry and I would recommend it to any loan officer, whether seasoned or a rookie."

Through LoanMagic, terms, adjustments and interest rates on DocMagic's entire loan library of over 35,000 loan programs are monitored for upgrades and changes. The system interfaces with desktop underwriting programs, other third party servicer providers, is able to communicate directly with investors for locking rates and can seamlessly transfer information to DocMagic®, DSI's closing loan document production software, to create customized closing documents, eliminating the need to re-enter data.

"The introduction of LoanMagic to the mortgage industry is a direct response to the requests from our client base and the industry at large," said Don Iannitti, president and CEO of Document Systems, Inc. "Oftentimes, when solving a business problem for a client, we discover other areas of their operations that can benefit from our capabilities.

We developed the technology to provide loan officers with the tools that they need to not only sell a loan, but create 'customers for life.' LoanMagic enables us to provide loan officers and brokers with every tool they will need from the time a client first walks into their office to the time they close the loan."

LoanMagic generates customizable reports in HTML format, enabling loan officers to analyze information, advise clients based on their financial situation and forward clients the reports via email. Clients can also be notified of improved rates, refinancing opportunities and current market conditions via email.

LoanMagic is a stand-alone application that utilizes the Internet for specific tasks such as credit reports, upgrades and synchronizing data to ensure all client information is accurate. The system is Web-enabled, however, users can use the system in a disconnected manner while running LoanMagic on multiple electronic devices at the same time (i.e. office pc, home pc, notebook computer, etc.).

About Document Systems, Inc.
Founded in 1988 and headquartered in Carson, Calif., Document Systems, Inc., is a mortgage technology company that develops tools and processes for producing and completing compliant loan document packages. Along with creating closing loan documents, Document Systems provides legal expertise about completing these forms, and both guarantees and warrants that all agency forms are up-to-date and in compliance with GSE requirements. Document Systems' staff includes a team of compliance experts that constantly monitor legal and regulatory changes at federal and state levels to ensure accuracy. Document Systems is the first company in the mortgage industry to develop a fully integrated mortgage customer contact management system specifically designed to meet the needs of loan officers to help streamline the tasks involved with acquiring leads, managing contacts and gathering all personal and credit information necessary to secure a loan.

For more information on Document Systems, visit the company's Web site at www.docmagic.com or call (800) 649-1362.