
Edgeware Analytics Launches the SBA Deal Exchange
Ground-Breaking Online Exchange Connects SBA Lenders With Deals Not Fitting Their Lending Criteria to Lenders Seeking New Deals, Lifting Profit for Both
SAN DIEGO, CA --
(MARKET WIRE)
-- May 04, 2007 -- Edgeware Analytics, Inc., an innovative
provider of profitability tools for small business lenders, has announced
the launch of the SBA Deal Exchange, an on-line forum connecting SBA
lenders with deals not fitting their lending criteria to lenders seeking
available deals. Edgeware's ScoreEdge SBA Decision Score, a critical
aspect of the Exchange, allows lenders to rapidly select and evaluate
appropriate deals based on a statistically valid estimate of associated
risk.
Every lender's marketing organization sources deals ultimately not funded
for a variety of reasons. The SBA Deal Exchange provides a platform for the
lender to make such deals available to other lenders who may select to fund
the loan. The posting lender will earn referral fees paid by the acquiring
lender. The SBA Deal Exchange will be a rich deal flow source for all
participants.
"As part of our ongoing commitment to provide fair and transparent
profit-enhancing tools, we are thrilled to offer the SBA Deal Exchange to
all SBA lenders," said Dan Shoham, CEO of Edgeware Analytics, Inc. "The
process is easy, quick, and free. Each deal will be scored with our
powerful decision model, ScoreEdge, which will help acquiring lenders
understand the risk profile." Edgeware announced that the standard scoring
fee for deals posted to the Exchange is waived unless a loan is closed.
"BLX is always looking for creative ways to both source deals and to find
homes for deals outside of our credit box," said Bobby Tannehauser, CEO of
Business Loan Express, LLC, a national leader in SBA lending. "I'm very
excited that the ScoreEdge score, a product we've used for years, will be
included on available loans. It will help us quickly assess a deal's
risk."
"When I first heard of the SBA Deal Exchange I was eager to see it in
action," said John Schulte, CEO of Small Business Loan Source, LLC. "Now
that I have I'm even more impressed. We have long sought an outlet for
deals we weren't closing but until now there hasn't been an efficient
market. I'm excited by the expectation of recovering business development
dollars for deals we don't close. And of course we'll actively monitor the
Exchange for new deal flow."
The SBA Deal Exchange is officially launched in conjunction with the
National Association of Government Guaranteed Lender's Mid-year Technical
Conference in Chicago on May 8 - 10, 2007. For a limited time only, free
premium Exchange memberships are available to SBA lenders. For more
details, or to become a member, please contact Edgeware Analytics at:
www.EdgewareAnalytics.com.
About Edgeware Analytics
Edgeware Analytics, Inc., an innovative provider of customized and generic
profitability tools to lenders, combines expertise in statistical modeling
and credit evaluation to create profit-enhancing predictive models and
systems. Used by national lenders, certified development companies, credit
unions and community banks; Edgeware's ScoreEdge, ScoreEdge504, RiskRate
and Oscore products, work in conjunction with a lender's established
underwriting procedures to measurably improve the accuracy of small
business credit approvals. Edgeware's SBA Deal Exchange is an
on-line forum connecting SBA lenders with deals not fitting their lending
criteria to lenders seeking available deals. Additional information can
be found at: www.EdgewareAnalytics.com.
Contact:
Mike Rozman
888-672-6730
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