SOLIDIFI PARTNERS WITH FILOGIX TO SPEED UP AND SIMPLIFY

Document Sample
SOLIDIFI PARTNERS WITH FILOGIX TO SPEED UP AND SIMPLIFY Powered By Docstoc
					                                                          Press Release
                         FOR IMMEDIATE RELEASE

     SOLIDIFI PARTNERS WITH FILOGIX TO SPEED UP AND
       SIMPLIFY MORTGAGE UNDERWRITING PROCESS
     Solidifi ValuesTM to be Integrated with Filogix’s Express and Expert Solutions

Markham, Ontario – November 10, 2006 – Solidifi Inc., Canada’s most innovative
technology-based mortgage solutions provider, has announced a strategic partnership
with Filogix Limited Partnership, Canada's leading technology provider to the mortgage
and real-estate industries.

“We are excited about the mutual benefit this partnership with Solidifi will provide our
customers,” said Filogix Executive Vice President, Corporate Development, John
Bordignon. “The integration of Solidifi ValuesTM with Filogix lender underwriting and
processing system Filogix Express® and Filogix mortgage origination point of sale
system Filogix Expert® will provide mortgage lenders and originators more control over
the appraisal portion of the underwriting process by facilitating appraisals faster, cheaper
and smarter.” Using the seamless electronic connectivity between Solidifi ValuesTM and
Filogix underwriting and origination systems, brokers and lenders can now complete the
appraisal ordering and management process electronically through the Filogix
marketplace™.

“Solidifi ValuesTM makes it faster and more efficient for brokers to obtain an appraisal
while maintaining our local appraiser relationships,” said Karl Straky, Mortgage
Intelligence. “Embedding Solidifi into Filogix Expert, a system we already use, provides
complete ease of use with no interruption to the business.”

Solidifi ValuesTM will enable Filogix Express and Expert customers to seamlessly order an
appraisal from a lender-approved appraiser of their choice. Through this connection with
Filogix, all customer and transactional data is automatically populated into the Solidifi
ValuesTM platform, saving time and reducing the risk of error caused by re-entering data.
Solidifi ValuesTM facilitates the entire appraisal transaction process, including reporting
status messages back to Filogix Express and Expert.

“Mortgage lenders and originators want to enhance service for the borrower while
improving their risk management practices,” says Jason Smith, President and CEO,
Solidifi. “Our partnership with Filogix results in faster, higher quality appraisals while
strengthening the relationships between brokers, lenders, and appraisers.

About Filogix Limited Partnership
Filogix Limited Partnership is Canada's leading technology provider to the mortgage and
                                                         Press Release
real estate industries. Filogix products and services are used by financial institutions,
private lenders, mortgage brokers and real estate professionals to facilitate, organize,
process and streamline transactions, making it a more cost-effective, organized and
productive process. The Filogix network connects more than 12,500 Realtors ® , 9,500
mortgage originators, 77 lender options including all major banks, credit bureaus,
mortgage insurers, creditor insurance companies, document management servicing and
countless business portals so they may interact and conduct business transactions.
Information about Filogix is available on the Internet at: www.filogix.com

About Solidifi
Solidifi is a Canadian owned company that delivers technology-based solutions to the
North American mortgage industry. Solidifi focuses on providing customers with
dynamic solutions that significantly reduce the time and cost involved in mortgage
lending and insuring activities. With more than 300 lender-approved firms and a growing
broker, lender, and insurer population, Solidifi ValuesTM is the premiere platform for
obtaining real estate valuations. For more information, or to register, go to
www.solidifi.com

SAFE HARBOUR
This press release contains certain statements that constitute forward-looking information
within the meaning of applicable securities laws ("forward-looking statements"). Such
statements include, but are not limited to, deployment of new services and products, and
growth of our customer base. Actual results may differ materially from those anticipated
in any forward-looking statement with regard to magnitude, timing or other factors. Any
such statements are subject to risks and uncertainties, including, without limitation, the
company's dependence on third parties, market conditions for the sale of services,
technical developments, availability of capital, and other risks and uncertainties. The
company disclaims any obligation to update information contained in any forward-
looking statement.

For more information, please contact:

Justin Phillips
Media Relations, HiPoint Marketing
905-513-1177 x.4440
jphillips@hipointmarketing.com

Andrew Wagar,
Communications Specialist, Filogix
416-360-1777 ext. 3213
andrew.wagar@filogix.com
                                            ###