CIC and LenderLive Deploy eSignature Based Mortgage Solutions

REDWOOD SHORES, Calif. and DENVER, July 13 /PRNewswire-FirstCall/ -- Communication Intelligence Corporation ("CIC") (OTC Bulletin Board: CICI), the leading supplier of electronic signature solutions for business process automation in the financial industry and the recognized leader in biometric signature verification and LenderLive Network Inc. ("LenderLive"), a provider of business process outsourcing and loss mitigation component services to the financial industry, announced today that they have entered into a licensing agreement to incorporate CIC's SignatureOne® Ceremony® Server into LenderLive's suite of products.

Under the terms of the agreement, CIC will provide LenderLive with its SignatureOne Ceremony Server solution. LenderLive, through its Guardian Mortgage Document division, will provide CIC's electronic signature offering to servicers who need to reduce the paperwork burden and expense in the delivery, signing, quality control and countersigning of all loan modifications. Equally as important, this solution will shorten the loan modification process and speed aid to distressed homeowners facing potential foreclosure.

LenderLive has offered loan modification services since the administration established the Make Home Affordable programs last April.  LenderLive implemented and delivered the first trial modification plans to borrowers and has touched one million loans and delivered more than a quarter million trial plans to troubled borrowers.  This new offering is designed for any servicer looking to speed up the process of permanent loan modifications for any of the more than 12,000,000 homeowners currently behind on their mortgage payments and at risk of losing their homes.

"This service will have an immediate impact on loan servicers' loss mitigation efforts by accelerating communications, reducing the cycle time for document processing, and enabling servicers to quickly finalize loan modifications," stated Rick Seehausen, President and CEO at LenderLive.  "This new offering will further fuel the Treasury program designed to help home owners into affordable loans. Our alliance with CIC will improve overall service levels to banks and the consumers in an effort to get these trial plans converted to permanent loans."

As an Internet-based service, the solution will eliminate the back and forth, tracking of paperwork, and errors historically associated with paper-based processing.  The borrower will be notified by email that final modification documents are ready for execution, and the borrower will then be able to sign the required documents online, substantially lowering the cost of overall service, and ensuring that the customer has everything that is needed to successfully move to a more manageable financial arrangement.

"In the face of the explosion in home foreclosures and consumer credit defaults, servicers need to optimize their infrastructures to drive productivity and efficiency as well as forge loyal customer relationships.  Our integrated solution addresses the challenges of dealing with the volume of mortgage workouts by shrinking cycle time while dramatically reducing costs associated with paper, transport and record storage," stated, Guido DiGregorio, CIC's Chairman and CEO.  "LenderLive's ability to deliver this solution as a hosted offering is indicative of the current trends, and our efforts to provide software through a services model with a rapid time to market and lower entry cost to clients. This alliance reflects our continuous effort to deliver solutions through targeted key vertical partners."

The SignatureOne Ceremony Server is a J2EE server product that provides the capability to define and manage an electronic signature process within a Service Oriented Architecture (SOA) to be implemented in an On-Premise Deployed Model or through a SaaS environment.

About LenderLive Network Inc.

LenderLive is a Denver-based mortgage service provider. Since 1996, the company has offered the single-family mortgage loan industry with private-label service and technology solutions to originate, process, underwrite and close loans on behalf of its clients. This continued support to lenders and servicers brought LenderLive recognition in 2009 as a Top 50 Mortgage Service Provider by Mortgage Technology Magazine. Through comprehensive solutions or component services, LenderLive offers the people, technology and processes that allow its clients to focus on their core business while LenderLive provides their mortgage loan fulfillment needs. The company provides services to global financial institutions and local community banks and credit unions. With tens of millions of transactions processed through its expansive service offering, LenderLive offers the vision, experience and leadership financial institutions can rely on. For more information about the company and its services, contact Rick Seehausen at 303.226.8001 or visit www.lenderlive.com. 

About CIC

Communication Intelligence Corporation ("CIC") is the leading supplier of electronic signature products to the Financial Industry and the recognized leader in biometric signature verification.

CIC enables companies to achieve truly paperless workflow in their eBusiness processes by providing multiple signature technologies across virtually all applications in SaaS and fully deployed on-premise delivery models.  CIC based solutions afford Straight Through Processing (STP) which increases revenue by enhancing the customer experience and significantly reduces costs through paperless, virtually error free electronic transactions together with significant business cycle compression.

Financial Industry leaders including AGLA, Allstate, American Family, Charles Schwab, JP Morgan Chase, Nationwide (UK), Prudential, Snap-on Credit, Travelers, Wachovia, Wells Fargo and WFG (World Financial Group) chose CIC's products to meet their needs. CIC has deployments with over 400 channel partners and enterprises worldwide representing millions of end users.  CIC sells directly to enterprises and through system integrators, channel partners and OEMs.  CIC is headquartered in Redwood Shores, California and has a joint venture, CICC, in Nanjing, China.  Fore more information, please visit our website at http://www.cic.com.

Forward Looking Statement

Certain statements contained in this press release, including without limitation, statements containing the words "believes", "anticipates", "hopes", "intends", "expects", and other words of similar import, constitute "forward looking" statements within the meaning of the Private Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors which may cause actual events to differ materially from expectations.  Such factors include the following (1) technological, engineering, quality control or other circumstances which could delay the sale or shipment of products containing the Company's technology; (2) economic, business, market and competitive conditions in the software industry and technological innovations which could affect the Company's business; (3) the Company's inability to protect its trade secrets or other proprietary rights, operate without infringing upon the proprietary rights of others or prevent others from infringing on the proprietary rights of the Company; and (4) general economic and business conditions and the availability of sufficient financing.

CIC, SignatureOne, Ceremony and the Power to Sign Online are registered trademarks.  All other trademarks and registered trademarks are the property of their respective holders.

SOURCE Communication Intelligence Corporation