SOURCE: Edgeware Analytics, Inc.

November 16, 2006 08:00 ET

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

Fastest Growing SBA Lender in Texas to Use Data-Driven Model for More Profitable Small Business Credit Approvals

SAN DIEGO, CA -- (MARKET WIRE) -- November 16, 2006 -- Edgeware Analytics, Inc., an innovative provider of decision tools for small business lenders, has announced today that Prosper 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 three digit score that helps predict the loan's future performance.

"We've worked hard to achieve strong growth in our business lending portfolio and we're pleased to have done so while maintaining rigorous credit standards," said Bobby Hashaway, Chief Executive Officer and Chairman of Prosper Bank. "We've selected Edgeware's ScoreEdge decision model to give us additional risk insight so we can achieve continued growth and profit enhancement."

"Prosper Bank has achieved record growth in 2006 and is a serious player in the SBA market in Texas," said Dan Shoham, Chief Executive of Edgeware Analytics. "All of us at Edgeware are excited that Prosper Bank has chosen us as their decision model provider and we're proud to support their commitment to continued growth."

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 Prosper Bank

Prosper Bank is a community bank, committed to helping their customers prosper while realizing their dreams and achieving financial security. Every relationship is important to them; truly taking the time to listen and to fully understand each customer's financial needs is the level of service that distinguishes Prosper Bank from its competitors. Their team of qualified professional staff works with customers to derive solutions to meet their banking needs. The integrity with which Prosper Bank operates sets the high standard of excellence which they apply to the partnerships built with customers, shareholders, associates, and communities. Additional information can be found at:

Contact Information