SwiftSend Press Release 4/17/06

PORTLAND, Ore., – April 17, 2006 – Driven by the addition of 67 new customers and increased demand by current customers, the number of SwiftSend electronic document deliveries increased by 22 percent in SwiftView’s fiscal year that ended January 31, 2005.

This is the fifth year in a row in which SwiftSend's overall revenues have grown strongly. SwiftSend, a web-based service operated by SwiftView, is the most widely used secure electronic document communications service in the mortgage industry. Nearly 400 lenders nationwide rely on SwiftSend to make their loan processing workflow more efficient and paperless.

“Any lender that wants to remain competitive will need to convert to paperless processing and investor delivery over the next year or two,” explained Steve Bachelder, president of SwiftView. “As the trend toward going paperless heats up, we expect the demand for our services will continue to grow and exceed our current level of success.”

With many more customers than any of its competitors, SwiftView has become the clear industry leader in this space. The company expects SwiftSend's growth rate to continue above 20 percent for the next fiscal year, despite forecasts of declining mortgage loan volume in 2006. "SwiftSend transaction volume is up so far versus 2005, and our new SwiftSend eDisclosure and eLoan Folder® are really taking off, with more than 50 of our customers now using them," Bachelder said.

The new SwiftSend eDisclosure service makes it possible for borrowers to receive disclosures and application documents via the Internet. It eliminates the cost of postage and significantly improves lenders’ ability to convert browsers into borrowers by delivering disclosures in real time, even while on the phone with them.

The new SwiftSend eLoanFolder service promotes shared paperless processing and underwriting by enabling third parties to place documentation for a lender in a designated eFolder. These documents would otherwise be received in hard copy, such as by fax. Through this service, lenders are also able to deliver loan files to investors electronically.

“Customers are extremely pleased with our newly expanded SwiftSend services, reporting savings of up to several hundred dollars per loan as well as greatly reduced cycle times,” stated Bachelder. "Savings of that magnitude cannot be ignored. With our technology, lenders can start paperless and stay paperless.”

About SwiftView

Founded in 1985, SwiftView develops and markets value-added tools and services that help organizations worldwide eliminate unnecessary paper in their processes. SwiftSend, a web-based service operated by SwiftView, is the most widely used secure electronic document communications service in the mortgage industry. Nearly 400 lenders nationwide rely on SwiftSend to make their loan processing workflow more efficient and paperless. SwiftSend applications include secure electronic delivery to closing agents and consumers, eDisclosures™ with SwiftSign® eSignatures, shared eLoanFolders®, secure inbound facsimile, paperless collection of borrower documentation, delivery to investors, and more. The company’s SwiftView PCL Viewer is the mortgage industry standard, used by eight of the top ten lenders, as well as most document preparation and title companies, and thousands of companies with millions of users in a wide range of industries worldwide. SwiftView has been named one of Oregon’s fastest-growing companies for the past six years in a row. For more information, please visit www.SwiftView.com.

# # #