Applied Business Software, Inc. and ForeclosureLink, Inc. Announce Strategic Partnership

by 05 Mar 2009
FOR IMMEDIATE RELEASE LOS ANGELES, Calif., October 8, 2008 - Applied Business Software Inc. (?ABS?), developer of The Mortgage Office?, the leading loan servicing software solution for the lending industry, and ForeclosureLink, Inc. a foreclosure trustee specializing in non-judicial foreclosures throughout California, Nevada, Oregon, Washington and Arizona since 1983, announced today that they have formed a strategic partnership to provide full product integration between The Mortgage Office? and the services provided by ForeclosureLink. The Default Services and Tracking module (?DST?) of The Mortgage Office? provides a bi-directional interface between ABS? Loan Servicing module and ForeclosureLink in a real-time environment, dramatically reducing the error-prone task of gathering information, the need for photocopying, mailings, shipping, phone calls and faxes. How does it work? With a simple click of a button, you can request ForeclosureLink to start a foreclosure. Instantly, all pertinent data is electronically transmitted from ABS? Loan Servicing module to ForeclosureLink for processing. At any time, users of The Mortgage Office? can view the Foreclosure Status screen and watch as information is updated automatically at each stage of the foreclosure process. When their borrowers and lenders call, they have all of the information they need at their fingertips. Until now, automated, integrated systems such as these have only been available to large banks and national servicers, allowing them to take advantage of the latest technologies and reducing their costs dramatically. With DST users of The Mortgage Office? have the same capabilities and functions, and at an unbeatable price. Jerry Delgado, president of ABS, stated, ?This alliance between ABS and ForeclosureLink creates a fully integrated system comparable to those offered by larger system integrators, allowing our customers to order default services in an efficient, fully automated, bi-directional electronic format. We?re proud of our reputation for excellence, both in our products and in our people. Our large network of satisfied ABS customers is proof of our commitment to providing personal, efficient, quality customer service all day, every day. We realize how important your software system is to the success of your business and we take our responsibility as your software provider very seriously. We at ABS are committed to quality and to providing you with reliable, state-of-the-art, cost-effective mortgage software and loan servicing solutions.? About ForeclosureLink, Inc. ForeclosureLink, Inc. specializes in California non-judicial foreclosures since 1983, and its goal is to be a one-stop national default servicing company. The officers of ForeclosureLink, as well as their staff, have extensive backgrounds in the foreclosure and mortgage industries. ForeclosureLink, prides itself in providing the finest service in the industry with a concentrated effort toward maximizing turnaround time, efficiency, cost and ultimately mitigating loss. ForeclosureLink is based in Fair Oaks, California. For additional information about ForeclosureLink?s products and services, visit www.foreclosurelink.com or call toll free (877) 234-5465. About Applied Business Software Applied Business Software, founded in 1978 and creator of The Mortgage Office?, is a market leader and global provider of software systems and solutions to the mortgage lending industry. The Mortgage Office? is a complete suite of software products designed from the ground up to specifically address the needs of those who service loans and mortgage pools. The Mortgage Office? has consistently rated superior in design, system interface, expandability, and ease of use. This true 32-bit Windows application collaborates fully with the Microsoft Office suite of products and is designed to make loan servicing more profitable and your overall business run more efficiently. ABS is based in Long Beach, California. For additional information about ABS?s products and services, visit www.themortgageoffice.com or call (800) 833-3343. Press Contacts Applied Business Software, Inc. Jerry Delgado President (562) 426-2188 jerrydelgado@absnetwork.com ForeclosureLink Inc. Michael Andrews President support@foreclosurelink.com (877) 234-5465

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