Orlando, Oct. 23, 2005 – Associated Software Consultants, Inc. (ASC), a provider of loan automation software to the mortgage industry, announced today at the 92nd MBA Annual Convention and Expo the release of PowerLender 2.3 loan origination and processing software system (LOS).

PowerLender, a Java™-based LOS, was designed to process loans cost-effectively and adapt to emerging technologies. Version 2.3 includes features requested by users of previous versions of PowerLender as well as enhancements conceived by ASC.

Among these new features are improved point-of-sale capabilities, such as enhanced loan pricing and eligibility functionality; new e-mail options, so lenders can more effectively communicate with borrowers and third-party service providers; enhanced free-form note-taking capabilities; the ability to add electronic attachments to loan records; a “linked loan” feature to simplify the processing of loans with many co-borrowers; and enhanced disconnected processing, enabling an application to be processed without any connection whatsoever to a host LOS. ASC has also added a security capability within version 2.3 that allows non-public data within a loan database to be obscured before it is transmitted to another party.

In addition, the upgrade has new interfaces with third-party service providers including Fannie Mae XIS, Fair Issac LiquidCredit and Countrywide Platinum Direct.

“PowerLender 2.3 expands the options for mortgage lenders interested in a comprehensive LOS system that automates mortgage origination and processing,” said Tim Liston, president of ASC. “This update to our PowerLender LOS offers a long-term cost savings because it is better able to adapt to emerging technologies and new business strategies, and has the features most needed by mortgage lenders to boost competitiveness.”

About Associated Software Consultants
Associated Software Consultants, Inc. (ASC) designs and markets the PowerLender Loan Processing System and the PowerSeller Secondary Marketing & Pipeline Risk Management System for use by mortgage banks, commercial banks, community banks and credit unions.

ASC’s business strategy focuses on providing software and support services that enable lenders to improve the volume and quality of their business, streamline workflow and reduce costs. The company’s lending solutions enhance primary and secondary mortgage operations, improve overall profitability and better serve borrowers, investors, real estate brokers, third-party service providers and other constituents.

Associated Software Consultants, Inc.
7251 Engle Road Suite 300
Middleburg Heights, Ohio
800-628-4687
www.asconline.com info@asconline.com