SOURCE: Edgeware Analytics

December 10, 2007 09:26 ET

Gateway Business Bank to Use Edgeware Analytics' ScoreEdge Small Business Credit Score to Improve Loan Origination Decisions

Leading Business Bank in Southern California to Use Data-Driven Model for More Profitable Small Business Credit Approvals

SAN DIEGO, CA--(Marketwire - December 10, 2007) - Edgeware Analytics, Inc., an innovative provider of decision tools for small business lenders, has announced today that Gateway Business Bank is relying on the ScoreEdge™ small business loan decision model to improve origination decision accuracy.

ScoreEdge is an online, real-time decision tool that provides greater insight into the risk of loan approvals. Edgeware Analytics developed the statistical model by analyzing hundreds of thousands of SBA and conventional loans and their subsequent performance. ScoreEdge examines the same application time data available to the loan officer and returns a full risk report which predicts likelihood of default. Included on the report is the 3 digit risk score, insight into the industry and geographic risk, as well as the loans risk relative to other loans scored by the lender.

"Gateway has always prided itself on offering the best possible service to small and mid-sized businesses while maintaining high credit standards," said Richard Proudfit, Chief Executive Officer of Gateway Business Bank. "We were impressed with the accuracy of ScoreEdge and expect it to play an important part in our underwriting process. ScoreEdge will allow us to streamline the approval process -- leading to more closed loans and a higher credit quality portfolio."

"Edgeware is very excited that Gateway Business Bank has chosen to use ScoreEdge as their decision model for future originations," said Dan Shoham, Chief Executive Officer of Edgeware Analytics. "We are proud to support Gateway's continued expansion in small business lending, and provide immediate profit lift to their bottom line."

About Edgeware Analytics, Inc.

Edgeware Analytics, Inc., an innovative provider of customized and generic decision tools to lenders, combines expertise in statistical modeling and credit evaluation to create profit-enhancing predictive models. Used by national lenders, certified development companies and community banks; Edgeware's ScoreEdge™, ScoreEdge504™, and Oscore™ products work in conjunction with a lender's established underwriting procedures to measurably improve the accuracy of small business lending decisions. Additional information can be found at:

About Gateway Business Bank

Gateway Business Bank is a full service commercial bank headquartered in Cerritos, California with branch offices in Lakewood and Laguna Hills. The bank offers a full range of personal and business banking services. Our experienced commercial loan staff specializes in conventional business loans, a cash flow management program, real estate construction loans, SBA loans, and residential unit rehab loans. Additional information can be found at:

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