Cogent Economics Wins Mortgage Technology Award

FOR IMMEDIATE RELEASE

San Francisco, CA – November 20, 2002 – Cogent Economics, Inc., the leading developer of loan quality control and compliance tools for the financial services industry, today announced that it has won Mortgage Technology magazine’s Fix-It Award.  The award is given “for a technology tool providing an effective solution for a particular industry need or channel.”

CogentQC Systems are the mortgage industry’s most sophisticated and comprehensive software applications for loan quality control, providing a fast, flexible and easy-to-use approach to improving the quality of all mortgage origination and servicing processes, from loan application through final payoff.

“We are proud to have received this award from Mortgage Technology magazine,” said Cogent Economics President James C. Robinson.  “After 10 years of focusing exclusively on loan quality control systems, it’s gratifying to be recognized in the industry for the quality of our solutions.

“Our goal is not just to make lenders’ quality control departments more productive and efficient, but to transform them from cost centers to effective instruments for improving profits,” said Hakki C. Etem, Cogent Economics’ CEO.  “I think this award validates our approach.”

Other winners of Mortgage Technology awards this year include Interlinq, Lending Tree, Fiserv, Mortgagebot, and Ohio Savings Bank’s Gemstone website.

About Cogent Economics, Inc. 

Cogent Economics, Inc. specializes in software tools and services for loan quality control, compliance and due diligence.  Founded in 1991 and based in San Francisco, Cogent is recognized as the industry leader in the use of statistics for monitoring quality and compliance.  The integrated suite of CogentQCTM Systems — ProductionQCTM, PipelineQCTM, ComplianceQCTM and ServicingQCTM — is recognized as the best set of tools available for lenders who want to optimize their quality and profitability.

Cogent’s client list includes over 70 national lenders, including most of the nation’s top banks, thrifts, mortgage companies, specialty lenders and internet lenders.  CogentQC Systems are used to guide the quality and compliance monitoring of over $350 billion in annual mortgage originations and over $500 billion in mortgage servicing. 

For more information about Cogent and the integrated suite of Cogent QC systems, please visit http://cogentqc.com.

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© 2002 Cogent Economics, Inc.  All rights reserved.  CogentQC, ProductionQC, PipelineQC, ServicingQC, and ComplianceQC are trademarks and/or registered trademarks of Cogent Economics, Inc.