FOR IMMEDIATE RELEASE
San Francisco, CA – June 9, 2006 – Cogent Economics, Inc., the leading developer of loan quality control and compliance tools for the financial services industry, today announced that it has been named to Mortgage Technology magazine’s list of Top 25 Vendors of mortgage technology.
The four criteria for inclusion in the list are customer satisfaction, functionality, market share, and viable revenue model. Cogent is also a former winner of Mortgage Technology’s “FixIt” Award for “a technology tool providing an effective solution for a particular industry problem, need or channel.”
“We are honored to be in such stellar company,” said James Robinson, Cogent’s President. “We believe this reflects our ongoing efforts at making our solutions more useful to our clients, and our recent migration to the .NET technology platform is another major step in that direction.”
Cogent’s new CogentQC.NET systems leverage .NET’s Service Oriented Architecture (SOA) to offer a more efficient, flexible and powerful solution. Among the new features in CogentQC.NET: interface with SQL databases, a radically streamlined user interface, improved audit shell design, a new sampling wizard, a powerful new Report Designer tool with charting, and improved Help.
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 CogentQC Systems — ProductionQC , PipelineQC , ComplianceQC , ServicingQC and DueDiligenceQC — 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 many 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 $750 billion in annual mortgage originations and over 4 million servicing records.
For more information about Cogent Economics and the integrated suite of CogentQC systems, please visit http://www.cogentqc.com or contact James Robinson, firstname.lastname@example.org, 415-495-3660 x209.