AT&T Hosts Mavent's Expert System

HostReview.com
Wednesday, July 7, 2004; 12:00 AM

Jul 7, 2004 – (HostReview.com) -- Mavent Inc. (www.mavent.com) today announced it has selected AT&T (www.att.com) to enhance its networking capabilities to meetthe strong demand for its enterprise class solutions from the nation's largestfinancial institutions. The three-year contract is valued at $1.4 million.

"Given the tremendous volume and the proprietary nature of the information financial institutions send over the Mavent Expert System, it is imperative that the company use a networking vendor with the highest standards of security and reliability," said Ed Stevens, chief technology officer at Mavent Inc.

Mavent Inc. is a leading provider of automated compliance solutions for the residential mortgage industry. Mavent, founded in 1999, is the developer of the Mavent Expert System (patent pending). The Mavent Expert System is arules-based enterprise application that provides the residential mortgage industry with the industry's most comprehensive consumer credit knowledgebase,enabling leading lenders to more efficiently and effectively comply withfederal, state and local consumer lending laws, rules and regulations.

By hosting its Mavent Expert System with AT&T, Mavent is able to provide customers with reliable, 24x7 service, security, advanced monitoring and automatic routing of data and other information. Mavent's initial automated compliance solution is a rules-based enterprise application that provides the residential mortgage industry with a comprehensive consumer credit knowledgebase, enabling lenders and investors to more efficiently and effectively comply with federal, state and local consumer lending laws, rules and regulations.

"Lenders and investors who use the Mavent Expert System consider any error rate greater than zero as simply unacceptable," explained Tim Green, Mavent's CEO.