SOURCE: MDC Inc.

August 24, 2006 07:00 ET

Streamlined Web-Based Mortgage Banking Software Released

BURLINGTON, WI -- (MARKET WIRE) -- August 24, 2006 -- MDC Inc., the developer of the Phoenix Processing System, which manages Mortgage Banking Correspondent, Wholesale and Retail Pipeline Management needs, announces Phoenix Processing, a unique and revolutionary solution mortgage banking pipeline solution. Phoenix Processing offers an exceptional streamlined processing approach.

The Phoenix Processing System offers the following feature sets: 100% Web- based Solution, HMDA Tracking & Reporting, Loan Status Tracking and extensive Reporting Tools. These are just a few features that Phoenix Processing has to offer.

Phoenix Processing sets a new standard in Mortgage Banking Software. Phoenix Pipeline Management Tools are integrated and completely web-based. "I am very excited to announce the evolution of Phoenix Processing and the complete integration direction of Phoenix Processing with some other product lines," Bill Mathis, president of MDC Inc., and Chief Software Architect of the Phoenix Processing, says. "By streamlining several business lines into a single solution it creates a more efficient and effective Mortgage Pipeline Strategy." These solutions include Phoenix Work-flow, Phoenix External Processing Solution and Phoenix Internal Mortgage Pipeline Solution.

What also sets Phoenix aside from its competition is that it drastically minimizes the number of persons required to manage your mortgage pipeline.

Phoenix Processing System can be found online at http://www.phoenixprocessing.com or we can be reached at 262.767.8780.

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