PRESS RELEASE


New Due Diligence Plan

Fraud Prevention Tools for Secondary Marketing

Montgomery, Ala. - (Dec. 2, 2008) Two seasoned due diligence executives said Tuesday that they have created a new due diligence firm, Hall Underwriting and Consulting, LLC (HUC) with the intent to revolutionize the process in which mortgages are bought and sold within the secondary market. HUC, LLC, headquartered in Montgomery, AL, was founded by Andy Hall and Clayton Greenfield. The two founders have over 50 years experience in the mortgage industry and have successfully built single family residential platforms for several firms in the industry. Christopher Gething, who retired one year ago from Goldman Sachs & Co. is also a shareholder in HUC. Chris will act as a Senior Advisor to the corporation. His expertise, knowledge, and relationships throughout this industry were developed during his years as Manager of Mortgage Finance and Credit.

Hall stated that HUC's proprietary due diligence system, MOREX (Mortgage Origination Examiner) is the latest in modern due diligence technology. "Prudent loan decisioning is no longer a simple matter of aggregating data, but requires thoughtful human loan analysis. This system couples detailed analytics with the most qualified and experienced mortgage analysts in the country to achieve the desired results and to provide clients with the most risk based decisions available." Hall stated that the average experience for its Mortgage Analyst employees and contractors exceeds ten years.

HUC is looking to form partnerships with its future clients. Both the investor and the due diligence vendor should always be on the same page as to all expectations on any transaction. The scopes of loan reviews must be much more in depth than in the past. Historically, fraud reviews have been completed after loans have been closed, and in some cases, many months after the loans originated. HUC incorporates fraud reviews in all of the due diligence assignments it accepts. "With all of the online and third party resources available to due diligence vendors, there should never be an instance where a fraudulent loan is not properly identified. Fraud analysis must be included in all due diligence and must be done up front and not after the fact," said Greenfield.

In addition to single-family mortgages, HUC offers due diligence services for all other consumer asset classes, whether performing or non-performing. For a more detailed description of HUC and all of its offerings, please visit www.halluc.com.

SOURCE: Hall Underwriting and Consulting,LLC