provides an opportunity to fundamentally change the way financial services are delivered to consumers. Xpede's goal is to enable this change and become the dominant provider of e-commerce solutions to the financial services market.

Xpede's innovative software and services solutions web-enable financial processes and optimize the online transaction. Lenders can use these solutions to originate, close and service loans. The software runs on an underlying Java application server and supports a distributed, component-based, thin-client architecture. The server is a highly scaleable transaction processing system that complies with industry standards. Applications are customized for the institutions' specific look and feel and business processes; integrated with legacy back-end systems; and the work flow re-engineered to significantly improve operational efficiencies. Xpede hosts and manages this customized solution on behalf of its customer at a world class data center where the systems are maintained around-the-clock.

The company was founded in 1998 and is venture funded by Mayfield Fund, Rosewood Capital and Oak Hill Partners. Xpede's founders include mortgage banking visionaries and veteran entrepreneurs from the Information Technology (IT) industry. In addition, the management team includes successful professionals with financial services and software technology backgrounds.