Encomia Triples Staff, Continues Rapid Growth in 2007

HOUSTON--(BUSINESS WIRE)--Encomia, a provider of end-to-end eMortgage technology, announced today that the company has tripled the size of its staff over the past year as part of its rapid growth.

“We believe that market conditions and the inevitability of full industry adoption will lead to continued growth through 2007 and beyond.”

New additions to the Encomia team include Paula Bowers, business development consultant; Brian Davenport, senior vice president of Sales; Andrew Krieger, COO and Sam Touchet, CFO, adding more than 60 years of experience to the company’s sales and executive teams. The company added several new clients including LaSalle Bank, Fremont Bank, First Houston Mortgage and others and implement its vault module at GMAC Bank. In addition, the company formed partnerships with Mortgage Banking Services Direct and Street Resource Group to increase access to eMortgage software for warehouse lenders.

“As the pace of eMortgage adoption grows rapidly, Encomia is well poised to continue to provide our growing client base with the tools and expertise to originate, close and store electronic mortgages on a large scale,” said Andrew Dubinsky, president and CEO of Encomia. “We believe that market conditions and the inevitability of full industry adoption will lead to continued growth through 2007 and beyond.”

In July, Encomia was named one of the mortgage industry’s top 50 technology providers by the editors of Mortgage Technology Magazine, an annual listing of companies that demonstrate “customer satisfaction, functionality, market share and viable revenue model.”

About Encomia

Houston-based Encomia enables mortgage lenders to more cost-effectively and efficiently originate mortgage loans by enabling lenders to process mortgage loans electronically, from end-to-end, on a large-scale basis, regardless of document format. The company’s Encomia eMortgage Solution provides financial institutions with a comprehensive tool kit for full eMortgage including the creation of SMART Docs, electronic signature capability and secure document archival. Encomia’s solutions are compatible with a number of third-party technologies, are adaptable to institutional standards and can be implemented in a manner that allows for gradual eMortgage adoption. To learn more about Encomia, its products and services, please contact Brian Davenport, senior vice president of sales at info@encomia.com or visit the company’s Web site at http://www.encomia.com.