SOURCE: Edgeware Analytics

April 19, 2007 10:24 ET

Anchor Commercial Services and Edgeware Analytics Announce General Availability of ScoreEdge504 for Loan Management System Users

SACRAMENTO, CA and SAN DIEGO, CA -- (MARKET WIRE) -- April 19, 2007 -- Anchor Commercial Services, LLC, the leading provider of loan management software for Small Business Administration (SBA) 504 lenders, and Edgeware Analytics, Inc., an innovative provider of decision tools for small business lenders, have announced general availability of ScoreEdge504™ to Loan Management System (LMS) users.

Through the seamless integration, Anchor Commercial Services' Loan Management System (LMS) users now have access to Edgeware Analytics' ScoreEdge504 small business decision model. ScoreEdge504 was built by analyzing all historical SBA loans in order to provide the most accurate prediction model available. The addition of the data-driven scoring model to LMS provides a more accurate assessment of credit risk which lenders can rely upon for better origination decisions.

"We are consistently enhancing LMS to deliver the best possible solution for our clients as evidenced by our integration with Edgeware," said Julie Middleton Vice President of Operations for Anchor Commercial Services. "ScoreEdge504 gives our clients a profit-enhancing, easy-to-understand score to make more informed decisions."

Michigan Certified Development Corporation, a proven leader in the 504 market and recently named Michigan SBA Lender of the Year, played the critical role of piloting the integration. "LMS and ScoreEdge504 both are an important part of our daily operations," said Jane Sherzer, President of Michigan Certified Development Corporation. "Now with the new release we can generate a ScoreEdge504 score directly within LMS. We're accessing the powerful prediction score while saving time and avoiding errors."

"We are thrilled to make our ScoreEdge504 available to users of Anchor Commercial Services, long the loan-software provider of choice for SBA 504 lenders," said Mike Rozman, President of Edgeware Analytics. "Approximately 70 of the top-100 Certified Development Companies rely on LMS and we are proud to offer these selective users with the predictive insight of our powerful empirical model designed specifically for SBA 504 lenders."

About Anchor Commercial Services, LLC

Anchor Commercial Services, LLC has been providing software to the SBA lending industry since 1988. Anchor's Loan Management System has long been recognized as the most diversified SBA system available today. The system is currently being utilized by over 165 CDCs, representing 60% of all SBA 504 loan approvals. Loan Management System has expanded over time to include the ability to produce 7a and SBAExpress loans as well as commercial applications that could be used for most any type of commercial lending. With the addition of the document manager a lender could customize their commercial documentation so that all their commercial lending could be handled on one system. Additional information can be found at:

About Edgeware Analytics

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, credit unions and community banks; Edgeware's ScoreEdge™, ScoreEdge504™, RiskRate™ and Oscore™ products, work in conjunction with a lender's established underwriting procedures to measurably improve the accuracy of small business credit approvals. Additional information can be found at:

Contact Information