REOTrans is Changing Its Name to Equator

LOS ANGELES, Oct. 5 /PRNewswire/ -- REOTrans, the nation's leading provider of
online financial solutions, announced today that it will be changing its name
to Equator. The reason for the name change is to facilitate the expansion of
its technology solution. Since its inception in 2003, REOTrans has grown
beyond REO automation to become the epicenter of the Default Servicing
industry. The name change is scheduled to take place at the end of Q4, 2009.

"The founding principles that have earned our clients' trust will remain, the
only thing changing is the name," says Chris Saitta, CEO. He went on to say,
"Growth requires change, so to enable our growth we're changing our name to
Equator. The company chose the name to represent its scope and purpose.
Equator is comprehensive yet precise and a point of change. It's also rich in
metaphor, which helps communicate and perpetuate the company's identity."

REOTrans currently provides a comprehensive technology platform that automates
and connects the Default Servicing industry. The platform includes a
configurable workstation, vibrant marketplace, transactional web site and a
borrower self-service portal. It automates everyone's daily process while
connecting them and their disparate systems in a safe and transparent
ecommerce environment.

Currently 51 Mortgage Servicers, 15,000 Default vendors and 625,000 Real
Estate agents use the REOTrans platform to manage more than 150,000
transactions daily. Over $65 billion in foreclosed real estate has been sold
through the REOTrans platform. REOTrans is headquartered in Los Angeles and
maintains several field offices on the West Coast, Dallas and Denver. For more
information contact REOTrans at 310-469-9500 or email info@reotrans.com.

SOURCE REOTrans

Shawna Robins of REOTrans, +1-310-469-9181