PRESS RELEASE

TeraVendo, Inc. Launches LoanAce® Version 2

TeraVendo launches Version 2 of its LoanAce® Loan Origination Software (LOS) offering several new features, improving the product, all while keeping it free.

(Bellevue, WA May 3, 2007) Continuing the effort to make LoanAce®, TeraVendo's loan origination software, the best in the country, and to enhance member experience TeraVendo recently released LoanAce® Version 2.

"With LoanAce® V2 we've added several member driven features including document attachment capability, diary log with automated event tracking and a notes section for documenting customer interaction, fixes of user interface issues, and improved calculation accuracy. V2 will take us beyond merely, maintaining our near 90% user satisfaction rating and help inspire our members to be customer-promoters." Said TeraVendo president, Jeff Cunio
 
Thomas Moll, TeraVendo's Technical Manager said, "We carefully evaluated all of the member requests we've received and the challenges we've faced. Then we focused all of our time and attention to adding those requests, and fixing and overcoming the challenges. Our staff poured several months of their time and energy into design, development, user study, and testing. With the help of our exceptional members' input and a talented and dedicated team, LoanAce® V2 is a direct reflection of our commitment to our mission: to be the best LOS, with the best customer service, at the best price."

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®, the Mortgage Industry's first Loan Origination Software available at no charge, 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, a manageable and user-friendly format, and TEAM™, a productivity and compliance tool that enable brokerages/owners to view and manage their originators' loan files. For more information, please visit www.loanace.com.

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