SharperLending Partners with CreditXpert Inc. to Offer Credit Report Scanning Service; Automatically Performs Credit Report Due Diligence to Ensure Credit Data Efficacy

SPOKANE, Wash.--(BUSINESS WIRE)--May 17, 2006--SharperLending, LLC, provider of a secure Web-based platform that enables lenders to order, store and manage products and services from multiple vendors at a single point of entry, has partnered with CreditXpert Inc. to offer its users Credit Assure(TM), a loan closing software tool that automatically pre-scans credit files and identifies opportunities to raise credit scores based on credit data accuracy and credit management. SharperLending is the first bundled services platform that allows lenders to access Credit Assure to quickly and efficiently perform due diligence on all credit reports.

"We were impressed with the optimization and simulation technology Credit Assure offers as well as its ability to identify opportunities for restoring artificially low credit scores," said Dave Black, president of SharperLending. "Our strategic partnership with CreditXpert Inc. gives our customers dynamic auditing capabilities that can be used to ensure quality originations. Additionally, it aligns with our commitment to give SharperLending users a single point from which they can obtain all the information they need, from credit to compliance, to close loans more efficiently and faster."

“Our partnership with SharperLending now enables our users to quickly identify opportunities and achieve optimum bottom line profitability by approving more applicants, making better offers and closing more loans.”

The SharperLending platform seamlessly integrates with Credit Assure to automatically alert users of potential issues that may be artificially lowering an applicant's credit score or credit management opportunities, which, if acted upon, may improve the applicant's credit. Given that mortgage loan underwriting is based largely on credit scores, brokers and lenders need a solution that ensures quality originations from the point of sale. Scanning credit data files in real time, Credit Assure automatically presents findings on every loan file, allowing originators to make more informed applicant qualification decisions. Credit Assure conveniently displays the potential score improvement on each PDF-formatted credit report.

"In an increasingly automated industry, the accuracy of credit reports are seldom questioned since scrutinizing individual credit files has been time consuming and difficult," said David Chung, interim president of CreditXpert Inc. "Our partnership with SharperLending now enables our users to quickly identify opportunities and achieve optimum bottom line profitability by approving more applicants, making better offers and closing more loans."

About SharperLending, LLC

Headquartered in Spokane, Wash., SharperLending, LLC, was founded in 1989 and was the first to offer a complete browser-based mortgage credit reporting system on the Internet. The company's proven technology has processed more than 40 million secure credit-related mortgage transactions with more than 800 million trade lines. SharperLending, LLC, has three divisions under its corporate umbrella: SharperLending Bundled Services Division, the bundled services platform; SharperLending Affiliated Credit Division, technology for the credit reporting industry; and EPN Solutions, the loan origination product packaging division. For more information, visit www.sharperlending.com.

About CreditXpert Inc.

CreditXpert Inc. is a software innovator committed to transforming lending through empowerment and creating new opportunities. CreditXpert Inc. provides highly personalized credit management tools including simulation, optimization, and analysis, to help lenders make more informed decisions and close more loans. Based on a technically advanced hybrid of artificial intelligence, statistical techniques and analytical methods, CreditXpert(R) provides the most accurate predictions and the greatest explanatory power available today.

CreditXpert products and services are offered to consumers through credit reporting agencies, consumer finance information providers, brokers and lenders. By offering these valuable personal finance tools, CreditXpert helps clients increase revenues, build stronger customer relationships and retain more customers. CreditXpert Inc. has championed credit disclosure and analysis--and its benefits to both consumers and lenders--since it pioneered the first credit analysis service in September 2000. For more information, visit www.creditxpert.com or call 800.500.8553.