Castle Point Mortgage Achieves Implementation of Cadence Lending Platform

Eight-Month Implementation Accomplished at Hands of Mortgage Company's IT Experts Utilizing Implementation Methodology of Implementation Contractor.

DENVER -- Mortgage Cadence, a leading provider of enterprise lending solutions (ELS) for the mortgage industry, and Castle Point Mortgage, Inc. are pleased to announce the implementation of the Mortgage Cadence Orchestrator[TM] ELS application. Headquartered in Elkridge, Md., Castle Point is a retail lender, operating in multiple states and handling a variety of product types.

Following an extensive due diligence process, Castle Point chose the Mortgage Cadence Orchestrator application as their lending platform. We are pleased to have chosen a software system that is easily customizable to our needs, commented Gerald Infantino, president of Castle Point Mortgage. There was no other system that we found during our selection process that provided the breadth of functionality while offering us the ability to cost effectively implement ourselves. The Mortgage Cadence system will help bring Castle Point Mortgage to the next level and assist us in achieving our long term strategic goals.

Castle Point has seen a substantial amount of growth over the past three years. As of October 2006, Castle Point has increased its loan origination by over 300% compared to its 2003 year-end loan volume. Due to this substantial growth, the Castle Point executives began their search for a new software system in early 2006. The Castle Point team was looking for an application that would handle all of the company's product lines, increase process times and efficiency, as well as a lending platform that would is scalable to meet their future needs. Their decision on the application also needed to be supported by the software company's proven staying power in the market.