Cypress Combines e-Signature Technology with Mark IV Software to Enable Paperless...

Tue Jan 22, 2008 1:16pm EST

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Cypress Combines e-Signature Technology with Mark IV Software to Enable Paperless Lending for Financial Institutions

   Developer to Integrate and Resell Topaz Systems' SignatureGem LCD
                                 Pads
NORTH RICHLAND HILLS, Texas--(Business Wire)--Cypress Software Systems, LP will offer electronic signature
capabilities with its Mark IV automated consumer loan decisioning
platform, beginning with the software's Release 4.5 that is scheduled
for availability in early 2008.

   As part of the initiative, Cypress has partnered with Topaz
Systems Inc. of Simi Valley, Calif. and will resell their SignatureGem
LCD pads to banks, credit unions and other financial institutions that
want e-signature capability. Lenders can apply e-signatures to a
number of required loan documents, including credit applications,
Truth-in-Lending (TIL) documents, Good Faith Estimates (GFEs), balloon
note disclosures and Underwriting Decision Reports (UDRs).

   "Today's consumers want a quick and efficient loan application and
approval process, and lenders need tools that offer convenience and
efficiency to the borrower at the point-of-sale," said Stephen G.
Sargent, president and chief executive officer of Cypress Software
Systems. "e-signature capability, combined with our automated credit
decisioning software, provides that enhanced customer experience,
while enabling a paperless, secure and more cost-effective process for
the lender."

   The e-signature feature will be available through Mark IV via
signature pads like the Topaz units, and later versions of the lending
software will allow more advanced capabilities, including online
e-signatures.

   "Cypress has a firm grasp on the needs of both lenders and
borrowers in the financial industry, and they will be a great partner
as we expand further into that vertical market," said Anthony Zank,
president and chief executive officer of Topaz Systems. "Our products
like the SignatureGem LCD pads offer high-quality capture features
that ensure a borrower's signature is both clearly and securely
acquired during the loan application process."

   Cypress' Mark IV offers flexible, risk-based processing software
for consumer loans that tracks applications from the point of entry to
the point of decision. Mark IV lets lenders take loan applications
electronically while interviewing applicants, quickly retrieve and
interpret credit reports, efficiently review sources of repayment, and
deploy their loan policies. This ultimately leads to a quick,
automated loan decision.

   About Topaz Systems, Inc.

   Topaz Systems is a leading developer and manufacturer of
electronic signature software and hardware, and has been based in Simi
Valley, Calif. since 1995. Topaz provides all the hardware, software,
intellectual property and expertise to enable paperless document
creation, signing, and authentication of electronic forms with digital
handwritten signatures. Topaz is the recipient of multiple industry
awards including six-time consecutive wins of the Deloitte Technology
Fast 50 award for outstanding growth, Deloitte technology Fast 500
honors, INC 500, and INC 5000 recognition.

   About Cypress Software Systems

   Headquartered in North Richland Hills, Texas, USA, Cypress
Software Systems, LP is a leading developer of automated credit
application decision support technology. Cypress provides community
and regional banks, finance companies and credit unions with loan
application decision and tracking tools equivalent to those used by
the largest national lending institutions. Clients, nationwide and in
16 countries, use the company's flagship products, Mark IV and
BizMark, to quickly and consistently process consumer and small
commercial loan applications. Cypress Mark IV offers a flexible,
risk-based processing approach that includes tracking consumer loan
applications from point of entry to point of decision. Cypress'
BizMark loan automation software processes commercial loan requests
within a customer relationship management environment. Both products
may be licensed in the bundled Cypress Suite and are offered in either
an application service provider (ASP) or traditional business model.
The company's product line also includes AppMark, an ASP-only consumer
lending solution for community banks with assets of $250 million or
less. Web Site: www.go-cypress.com.

Michael A. Burns & Associates Inc.
Jeff Green, 214-521-8596 x238
greenj@mbapr.com
or
Neil McGlone, 214-521-8596 x230
nmcglone@mbapr.com

Copyright Business Wire 2008
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