SOURCE: Callidus Software Inc.

September 13, 2007 07:07 ET

Solutions From Callidus Software Empower Leading Mortgage Companies to Source Healthier Loans

Mortgage Providers Can Improve Regulatory Compliance Without Sacrificing Loan Production

SAN JOSE, CA--(Marketwire - September 13, 2007) - Callidus Software Inc. (NASDAQ: CALD), a leader in Sales Performance Management (SPM), today announced that its software solutions are empowering the nation's leading mortgage companies with a way to source healthier loans in any economy. Six of the top 10 banking institutions in the country reap the benefits of Callidus solutions, even when faced with the new industry challenges and regulatory directives resulting from the current assessment of the home loan sales process.

With the Callidus suite of products, mortgage companies can access the optimum toolset for selling "healthier" loans that meet industry standards, while promoting continued business growth and expansion. TrueComp® software allows companies to refine and implement strategic incentive plans designed specifically to reward the sourcing of these loans -- meaning that mortgage companies are able to better influence the business activities of their mortgage brokers. This results in compensation programs that are more tightly aligned with corporate objectives. Additionally, the enhanced reporting capabilities enable the levels of auditability and transparency necessary for compliance and regulatory requirements.

"Callidus Software is considered a beacon for financial institutions nationwide that seek comprehensive solutions for their home loan sales objectives," said Robert Youngjohns, president and CEO at Callidus Software. "Our industry-leading sales performance and incentive management solutions can help companies improve their loan distribution and drive revenue in any economy."

Callidus clients are able to maintain loan revenue in an environment where interest rates frequently fluctuate. Solutions by Callidus Software also allow for increased flexibility in volatile climates, offering greater efficiency and speed in implementing new sales compensation programs. This helps companies bring their products to market quicker, which, can drive revenue and profitability.

With a heightened focus on the quality of loans, management of the broker channel has become increasingly vital. Addressing this, Callidus recently introduced TrueProducer™ software to help organizations more effectively manage their distribution channels, including brokers. This is the first distribution management software solution specifically designed to provide companies with a 360-degree view of their brokers and agents. The application can help mortgage companies view and update their entire broker information in one location. Callidus TrueProducer™ is easy to implement across an entire enterprise and can be deployed in both on-demand and on-premise environments.

About Callidus Software

Callidus Software ( (NASDAQ: CALD) is a leading provider of on-premise and on-demand Sales Performance Management (SPM) solutions to global companies across a broad range of industries. Our software allows innovative enterprises of all sizes to strategically manage incentive compensation, set quota targets, administer producers, and align territories, resulting in improved sales and distribution performance. Over 1.7 million salespeople, brokers, and channel representatives have their sales performance managed by Callidus Software's products.

© 1998-2007 Callidus Software Inc. All rights reserved. Callidus Software, the Callidus Software logo, Callidus TrueAnalytics, TrueComp, TrueComp Grid, TrueComp Manager, TrueConnection, TrueFoundation, TrueInformation, TruePerformance, TruePerformance Index, TruePerformance Indicator, TrueProducer, TrueQuota, TrueReferral, TrueResolution, and TrueService+ are trademarks, servicemarks, or registered trademarks of Callidus Software Inc. in the United States and other countries. All other brand, service or product names are trademarks or registered trademarks of their respective companies or owners.

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