SwiftSend Press Release 8/03/04

PORTLAND, Or. – Aug. 3, 2004 – SwiftView, Inc. announced the launch of SwiftSend eDisclosures™, an efficient new service that enables the secure, paperless delivery, tracking and archiving of disclosures and loan applications. eDisclosures is the latest tool in the SwiftSend suite of services, which gives lenders the power to move toward paperless processing at their own pace.

eDisclosures includes the following features, which are optimized for the loan origination process:

• SwiftReceive™ enables recipients to access their loan documents anytime, anywhere, from any PC on the Internet. They simply click on an encrypted link in their browser or email to view and print disclosure documents directly from SwiftSend’s secure server. This is especially important for borrowers who need to view and print their documents from work or another environment that prohibits individual users from downloading and installing software. In addition, SwiftReceive can automatically resize legal-size documents to letter size so they can be printed on any printer.



• SwiftSign™ allows borrowers to approve documents electronically. With SwiftSign, SwiftSend customers can customize instructions and consent language to meet a wide range of compliance objectives, marketing initiatives, SPeRS guidelines and UETA regulations.



• SwiftSend Enhanced Reporting and Archiving simplifies the compliant storage, reporting and record-keeping of loan documents by providing online reports and DVD archives. Records are kept online for 90 days after which they are encrypted and archived to easily searchable DVDs for permanent offline storage.



• eLoanFolder™ allows disclosures, applications and other documents related to a specified loan to be transferred to and from a secure electronic folder regardless of format or file type. eLoanFolder’s unique, dynamic interface allows lenders to add documents to the folder via fax or file upload, as well as to delete, view, and print any document in the folder. Lenders can define different document groupings and deliver an appropriate group of documents to particular recipients based on these definitions. Lenders also can authorize brokers, title companies, and borrowers to add specified documents directly to the folder without any compromise to security.

“The loan industry is migrating towards a totally paperless mortgage process and SwiftSend eDisclosures is a huge leap forward in that migration,” said SwiftView President Steve Bachelder. “Our users can shave days off the application workflow, create a tighter bond with their borrowers, and ensure the highest levels of compliance and convenience. In particular, the dynamic power of SwiftSend’s eLoanFolder will add tremendous value to lenders by eliminating the need to collect and securely handle paper copies of loan-related documents. SwiftSend eDisclosures is another example of our commitment to providing lenders value-added services that help them cost-effectively process more loans in less time.”

eDisclosures is designed so that customers can begin realizing the benefits of a paperless loan process immediately. It does not require an implementation project or the conversion of loan documents into PDF or HTML. Built with Gramm-Leach-Bliley in mind, the service provides all of the reliability, security measures, features and functionality found in SwiftSend’s flagship LoanDocs® service, which since 2001 has enabled hundreds of lenders to electronically deliver millions of loan closing packages.

A dozen current LoanDocs customers will participate in a controlled release of eDisclosures beginning this month. General availability is scheduled for early fourth quarter 2004.

About SwiftView, Inc.

Founded in 1985, SwiftView, Inc. develops and markets value-added tools and services that help organizations worldwide capture, view, print, deliver, access, and archive electronic documents and drawings. The company’s SwiftSend™ Services division provides comprehensive, innovative services that enable lenders to effectively bridge the gap between paper and paperless by eliminating the inefficiencies and extra handling associated with unnecessary paper in their workflows. Based in Portland, Ore., SwiftView has been named one of Oregon’s fastest growing technology companies for the past five years in a row. For more information, please visit www.swiftview.com.