12/22/2006 Commercial Direct® teams with Credentrust Software to help small business owners get fast funding

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Commercial Direct® teams with Credentrust Software to help small business owners get fast funding

COMMERCIAL DIRECT SEAMLESSLY CONNECTS TO SMALL BUSINESS OWNERS

COSTA MESA, CALIF. (Dec. 22 2006) - www.iBank.com, Commercial Direct®, one of the nation’s leading commercial lenders and a subsidiary of Bayview Financial L.P., has signed a contract with Credentrust Software Inc., which will develop a system that will enable Commercial Direct® to seamlessly connect small business owners with this commercial mortgage based company.
“This HTTP request will allow Commercial Direct® to securely pass data to the Commercial Direct CRM system through the Commercial Direct API,” said Brooke Kline, director of Credentrust’s IT department and one of the chief architects of the system. Commercial Direct Representatives can now interact with Credentrust customers instantly, allowing the highest level of customer service possible.”
Kline expects the upgrade will have an immediate and long-lasting impact on the company’s work flow. Kline points to the system’s seamless integration, which is based upon commercial direct lending criteria. When the system is in place, a seamless integration of new commercial mortgage prospects from Credentrust’s search engine to Commercial Directs' CRM systems will maximize and support the mission of both companies, which is to simplify, streamline and standardize the commercial lending marketplace. But, and maybe more importantly, this system will dynamically filter new customers in real time.
Commercial Direct® is dedicated to meeting the requirements of small business owners and real estate investors with financing needs ranging from $100,000 to $4 million. The company makes the process easy and familiar to the borrowers, especially now with the new software from Credentrust. Commercial Direct® focuses only on commercial mortgage lending therefore allowing them an in depth knowledge of the small business financial mortgage needs. Their six core business units are loan acquisitions, commercial loan originations, structured finance division, 1031 exchange services, real estate investment division and the Bayview Loan Servicing, LLC.

Commercial Direct® headquartered in Miami, Florida has 1,600 employees and $10.5 billion in assets.
“Today, the owner/buyers of commercial real estate that need a mortgage under a million, is an inefficient, time consuming and costly process for all the parties,” said Tom Markel, chairman and CEO of Credentrust Software. “Borrower and lender are now connected to each other instantly in real time. No paper, no faxes or postage which will result in faster funding, lower costs and reduced waste. Everyone wins.” Markel expects a long-lasting relationship with Commercial Direct® and thinks this system is the future of how loans will be processed.

About iBank.com

Based in Costa Mesa, Calif., www.iBank.com, America’s largest online small business lending engine, has become a commercial marketplace for businesses seeking venture capital and angel investors, small business loans, equipment leasing, business insurance and commercial mortgage loans in real time. Formed in 1999, www.iBank.com utilizes an advanced search engine technology, a do-it-yourself professional online digital loan package builder, and numerous other online tools for communication and connection. The whole process, when compared to manually preparing separate loan packages and finding the right lenders, eliminates about two-thirds of the time and cuts 90% of the cost involved.

Commercial Direct®/ Bayview Financial®

Dedicated to Real Estate Lending and Investment
As a member of the Bayview Financial, L.P. family, Commercial Direct® is comprised of, and surrounded by, a host of experts in the field of real estate lending and investment.
Headquartered in Miami, Florida, Bayview Financial® has more than 2,000 employees and $11 billion in assets. It is the second largest financial institution headquartered in the state of Florida. Bayview is owned by management and the Allstate Insurance Company.
Specializing in meeting the needs of clients in underserved market niches, Bayview acts as a value-added resource for every phase of the real estate loan cycle -- from origination to investment to acquisition.
As a subsidiary of Bayview Financial, L.P., Commercial Direct® offers a direct-to-borrower commercial mortgage origination program.
Commercial Direct® is exclusively dedicated to meeting the requirements of small business owners and real estate investors with financing needs ranging from $100,000 to $2 million. In this unique market, Commercial Direct® extends Bayview's portfolio of loan offerings directly to borrowers throughout the country.

iBank.com
Kathryn Johnson,
Co-Directors of Communication Technology
(714) 549-4226 ex: 125/127
kjohnson@ibank.com
3151 Airway, Building G-3
Costa Mesa, CA 92626