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LendingTree Selects LoanXEngine for CRM and Pricing

LXE Software brings new levels of speed, accuracy and customer response quality to LendingTree clients

DENVER, CO, June 24, 2008 - LXE Software Inc., a software company specializing in lead management, customer relationship management (CRM), pricing and point of sale technology for the residential mortgage industry, announced today that LendingTree LLC, the nation's number one online lending exchange, has selected LXE Software's LoanXEngine as a preferred technology solution for CRM and automated loan pricing for lenders participating in the LendingTree network.

Loudoun Emswiler, a senior director for the LendingTree lender technology group said, "The LoanXEngine technology offers lenders in the LendingTree Exchange an extremely rich set of capabilities and tools that provide speed and accuracy of lead flow, as well as programs that deliver great customer service to our borrowers. We look forward to rolling out this new software option to our nationwide network of lenders, as it offers users unique capabilities to improve their business unlike anything we've had before."

LoanXEngine manages consumer lead requests and automatically locates fully-qualified, best priced loans from multiple lender programs in seconds. The web-based software also performs lead management and CRM tasks, and allows borrowers to 'watch rates' and be notified when a specific interest rate becomes available.

"LendingTree is the leader in online lending, virtually creating the business category," said LXE Software president Alan Johnson. "And now LoanXEngine will provide an important technology foundation, enabling LendingTree's lenders to respond immediately to consumers with the best rates and a higher level of service, while maintaining that ever-important human touch."

Commercially available since mid-2004, LoanXEngine currently serves as the lead management, pricing and CRM platform of choice for a number of lenders who participate in the LendingTree Exchange.

About LendingTree, LLC

LendingTree, LLC is the nation's number one online lending exchange, providing a marketplace that connects consumers with multiple lenders that compete for their business. Since inception, LendingTree has facilitated more than 23 million loan requests and $185 billion in closed loan transactions. LendingTree provides access to mortgages and refinance loans, home equity loans/lines of credit, auto loans, personal loans, credit cards and high-yield savings accounts via www.lendingtree.com and 800-555-TREE.

Launched in 1998 with headquarters in Charlotte, North Carolina, LendingTree, LLC also owns and operates LendingTree Loans sm, LendingTree Settlement Services, LLC, GetSmart®, and HomeLoanCenter.com. LendingTree, LLC is an operating company of IAC.

About LoanXEngine

LoanXEngine by Mortgage Builder, An Altisource Business Unit is focused on delivering innovative technology solutions for the residential mortgage industry. The company's flagship product, LoanXEngine, brings a new level of speed and convenience to originators by combining the essential services of lead management, product pricing and eligibility, and customer relationship management workflow into a single, easy to use platform. The web-based software also produces ratesheets, sends emails, creates tasks and generates alerts to help manage pipelines.

For more information call (303) 333-4373 or contact us.
Contact: Jim Hennessy
Strategic Vantage for LXE Software
(858) 774-0201
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