SOURCE: Quantrix

January 23, 2007 08:35 ET

Impac Mortgage Holdings, Inc. Selects Quantrix Modeler as Data Modeling Engine for iMAP Risk Analysis Platform

Mortgage Real Estate Investment Trust Uses Quantrix Modeler to Model Key Mortgage Risk Indices

PORTLAND, ME -- (MARKET WIRE) -- January 23, 2007 -- Quantrix today announces that Impac Mortgage Holdings, Inc. has implemented Quantrix Modeler as the core data modeling engine for its market risk analysis platform, iMAP. With $22 billion in assets covering 323 metropolitan areas in all fifty states, Impac is among the largest companies active in non-conforming residential mortgage loans in the United States. iMAP is a decision-support system that models and presents key risk indices in multiple dimensions to provide executive management, mortgage brokers, underwriters, and lenders with a comprehensive analysis of state and metro markets. Users simply enter a zip code and are presented with comprehensive credit risk analysis for each particular mortgage.

Traditional spreadsheets are error-prone and require unacceptable overheads to maintain formulas, so Impac chose Quantrix Modeler to develop the iMAP platform. Quantrix also enables Impac to perform rapid prototyping, a critical function for its business.

"Our business is very competitive," says Carl Kim, Senior Enterprise Risk Analyst, Impac. "Quantrix Modeler enables us to provide improved data modeling accuracy and transparency for internal and external customers while allowing us to shape our corporate image as a leader in leveraging technology."

"Impac's implementation of Quantrix into its iMAP platform illustrates how large, industry-leading corporations are building solutions around Quantrix Modeler," says Chris Houle, CEO of Quantrix. "It demonstrates the confidence Impac has in Quantrix for delivering information that is critical to its success."

About Impac

Impac Mortgage Holdings, Inc. is a mortgage real estate investment trust (REIT) that acquires, originates, sells, and securitizes various mortgages. Based in Irvine, California, Impac offers a broad spectrum of lending programs for the non-conforming borrower. For more information, visit www.impaccompanies.com.

About Quantrix

Quantrix delivers financial and quantitative modeling software to the world's most successful companies. Quantrix Modeler™ is used by customers in more than 40 countries and in five languages. Quantrix empowers organizations to reach new levels of modeling agility and business insight. Explore multiple dimensions simultaneously, define formulas with words rather than coordinates, and easily create new scenarios without rewriting or restructuring models. For Customer Success Stories and more information on Quantrix, please visit www.quantrix.com or call 207-775-0808.

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