PRESS RELEASE

RTL Financial Picks LoanAce® as its Loan Origination Software Provider
 

Multi-state mortgage brokerage asks, “Why should our loan officers pay for their LOS?”

(Bellevue, WA July 31st, 2006) – RTL Financial signed an agreement today with TeraVendo to provide TeraVendo’s LoanAce® loan origination software to its loan officers at no charge.

Todd Lindstrom, the president of RTL Financial said “It doesn’t make sense to ask quality loan officers in a down market to come out of pocket for their LOS. Everyone knows that most LOS’s make money off of the work Loan Officers do. LoanAce was the only one we found that doesn’t charge the loan officer as well. After looking at several options it became clear that LoanAce was the best option for our team.”

“To have another high quality mortgage brokerage like RTL Financial join LoanAce is extremely exciting.” said TeraVendo president Jeff Cunio. “We expect to have a long lasting relationship providing their loan officers with a great product at no charge.”

 
RTL Financial, Inc.
is a multi-state mortgage brokerage lead by executive management with decades of experience with a background of running some of the most successful mortgage companies in the nation. RTL Financial is currently operating in 6 states, and continuing its expansion into more states as its reputation grows as the home for the best independent loan officers. For more information, please visit www.rtlfinancial.com

TeraVendo, Inc. is dedicated to providing secure, efficient and customer-friendly software solutions to loan originators, mortgage brokers, and loan officers. Since 2005 the Company has been invested in the development of the best possible information technology solutions for the Mortgage Industry. TeraVendo’s flagship product, LoanAce® debuted on August 1, 2006 as the Mortgage Industry’s first Loan Origination Software available at no charge, and quickly catapulted the industry to a new level of productivity. LoanAce®, went beyond providing a fully functioning LOS and introduced industry-leading features, including: QuickTitle®, one click title ordering; integrated leads; and a manageable and user-friendly format. For more information, please visit www.teravendo.com.

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