Contact:

Suzy Tuck
Vice President of Sales
PaperClip Incorporated.
Suzy Tuck
800-929-3503 x110

 

Clear-to-Close Leverages PaperClip32 Platform

Leading offshore processor counts on PaperClip for its business process platform

March 23, 2005, Hasbrouck Heights, New Jersey - PaperClip Incorporated, a leading developer of integrated document management and loan processing solutions, has announced that Clear-to-Close Solutions, a leading offshore loan processor, will be using PaperClip Incorporated's PaperClip32 document management solution as the business process platform for all of its customers.

As its integrated platform, PaperClip32 will provide originators with essential imaging and document management tools. Users will be able to easily drag and drop electronic documents into electronic loan folders, input them into the system via scanning, receive them as an electronic fax, or save them into their online loan folder. Clear-to-Close customers will also benefit from PaperClip's centralized access to documents, e-mails, faxes, electronic documents, and scanned images. Authorized parties will be empowered to access permitted loan documents via any Internet connection, at any time.

"Clear-to-Close is positioned to quickly become the nation's largest offshore loan processor, offering end-to-end mortgage processing capabilities. Their decision to leverage PaperClip's technology should help them achieve the success they are positioned to achieve", states TJ Gill, Vice President Mortgage Products at PaperClip Incorporated.

"PaperClip's capabilities are beyond compare. We were looking for a document management and imaging solution that would help our customers better manage their loans, and this was a clear choice for us", explains Harish Prasad, VP of Sales, Clear-to-Close Solutions.

About PaperClip Incorporated.

PaperClip Incorporated develops and markets software products that organize, manage and communicate documents, images and workflow for a wide range of users. Established in 1991, PaperClip has a customer base that includes small and mid-size organizations as well as Fortune 1000 multi-nationals. PaperClip markets its products through an international network of authorized PaperClip resellers. For further information, please contact PaperClip at (800) 9293503 or (201) 329-6300, or visit www.PaperClip.com. Public Symbol: PCLP.

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PaperClip and PaperClip32 are registered trademarks of PaperClip Incorporated. All other named products mentioned in this release may have been identified by trademarks or registered trademarks of their respective holder.