RiskExec(TM), a Web Based Suite of Regulatory Software, Allows Clients to
Focus Less on Data Management and More on Compliance Work
KNOXVILLE, Tenn., Oct. 3 /PRNewswire-FirstCall/ -- ERS Group, SOURCECORP's
(Nasdaq: SRCP) leading authority on matters of litigation and expert witness
testimony announced today the release of the 2004 Home Mortgage Disclosure Act
(HMDA) Peer Databases and Rankings in RiskExec, a suite of regulatory
compliance software tools.
With the release of these 2004 HMDA Peer tables and rankings in RiskExec,
ERS Group is believed to be the first firm in the nation to enable their
financial clients a full review of lending and competitive performance in the
home mortgage market for 2004 -- both nationally and in specific geographies.
(ERS Group and RiskExec also issued a press release announcing the
availability of its 2004 CRA data and rankings on August 25, 2005).
The importance of these rankings is underscored by the current scrutiny of
lenders for potential loan pricing issues. The Home Mortgage Disclosure Act,
in part, helps federal regulators determine whether financial institutions are
serving the housing needs of their communities as well as helping banks and
regulators identify possible discriminatory lending patterns.
"We have a unique ability to quickly provide data to our RiskExec clients,
enabling them to receive the information before any other regulatory
compliance software vendor. Financial service firms are awaiting this
information regarding the year-over-year trends and any changes they might
find in lending patterns based on the 2004 regulatory code changes. Releasing
these HMDA rankings so quickly after the data have been provided by the
federal government is a distinct advantage of RiskExec," stated Joy Seaver,
National Sales Manager, ERS Group. "We are able to seamlessly provide
decision making data to our clients without cumbersome downloads or any costly
updates required on their part."
The RiskExec software suite currently includes geocoding, mapping, edit
check management, regulatory filing, and all manners of data visualization --
from interactive maps to peer rankings to tables and charts -- as well as
executive and regulatory reporting for all facets of Home Mortgage Disclosure
Act (HMDA), Community Reinvestment Act (CRA), and Home Ownership Equity
Protection Act (HOEPA), including high cost loan analyses.
About RiskExec(TM)
RiskExec is a suite of software tools developed specifically for financial
services firms and their management teams. The RiskExec software tools assist
financial services firms in determining their regulatory compliance
guidelines.
RiskExec(TM) is a browser-based product containing tools that include
HMDA, CRA, HOEPA, geocoding, mapping and data visualization as well as
executive and regulatory reporting. For more information, visit us on the web
at http://www.RiskExec.com
About ERS Group
ERS Group is an economic and financial consulting firm that specializes in
analyses for complex business litigation, matters involving employment
decisions, and regulation. Over 3,000 clients, including Fortune 500
companies, law firms, universities, industry trade associations and government
agencies, have retained ERS Group professionals in a wide variety of cases
involving numerous industries.
ERS Group has offices across the U.S. and our full-time staff of 200
professionals includes over 50 Ph.D. economists and statisticians, as well as
experienced computer and litigation support professionals. ERS Group is often
retained on high-stakes matters where the outcomes have significant
consequences for the parties involved. We have the resources and the
flexibility within our organization to respond to the varying demands of trial
and discovery schedules; to immediately dedicate significant resources to
high-priority assignments; and to provide smaller teams of highly focused
professionals in keeping with the size of the case. For more information,
visit us on the web at http://www.ERSGroup.com
About SOURCECORP(R)
SOURCECORP, Incorporated provides business process outsourcing solutions
and specialized high value consulting services to clients throughout the
U.S. SOURCECORP focuses on business processes in information-intensive
industries including commercial, financial, government, healthcare, and legal.
Headquartered in Dallas, the Company serves clients throughout the United
States through a network of locations in the U.S., Mexico and India.
SOURCECORP is a component of both the S&P SmallCap 600 Index and the
Russell 2000 Index. The Company has been cited among the Top 100 Hot Growth
Companies by BusinessWeek magazine (2001). SOURCECORP has also been
recognized twice by Forbes magazine as one of the 200 Best Small Companies
(1998, 1999), based on return equity, sales growth, and EPS growth, and by
FORTUNE magazine as one of America's 100 Fastest Growing Public Companies
(1999). For more information about SOURCECORP's solutions, including case-
study examples, visit the SOURCECORP website at http://www.sourcecorp.com
The statements in this press release, which are not historical fact, are
forward-looking statements that involve risks and uncertainties, which could
cause actual results to differ materially from such forward-looking
statements. These forward-looking statements include, but are not limited to,
any financial estimates, projections, and estimates of future contract values
included in this press release. The aforementioned risks and uncertainties
include, without limitation, the risks of integrating our operating companies,
of the timing and magnitude of technological advances, of the occurrences of a
diminution in our existing customers' needs for our services, of a change in
the amount companies outsource business processes, of the impact to margins
resulting from a change in revenue mix as well as the risks detailed
in SOURCECORP's filings with the Securities and Exchange Commission, including
without limitation, those detailed under the heading "Risk Factors" in the
Company's most recent annual report on Form 10-K. SOURCECORP disclaims any
intention or obligation to revise any forward-looking statements, including
financial estimates, whether as a result of new information, future events, or
otherwise, except as required by law.
SOURCE SOURCECORP
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Related links:
http://www.srcp.com
http://www.ERSGroup.com http://www.RiskExec.com
CONTACT:
Joy Seaver, Account Manager of ERS Group,
+1-865-769-3312 X110, or jseaver@ersgroup.com
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