News
March 15, 2005

GHR Announces Formation of Client Advisory Board

Wayne, PA – March 15, 2005 – GHR Systems, Inc., one of the nation’s leading providers of lending automation technology, announced today that it has formed a Client Advisory Board (CAB) to provide a forum in which members can collaborate with GHR’s senior management, design personnel and development staff to define strategic and tactical expansions of its lending automation products and services.

The primary purpose of the Client Advisory Board is to obtain additional feedback and guidance regarding product enhancements, development priorities, support services and industry trends. The Board will also facilitate closer working relationships between client representatives, GHR’s senior management and product management, as well as design, development, testing and support staff.

Sixteen CAB members have joined from a number of lenders, including American Home Mortgage, Cornerstone Mortgage, Emigrant Mortgage and GMAC Mortgage, who will meet on a quarterly basis. “By participating in GHR’s Client Advisory Board, we're able to provide input that aligns with our business needs in addition to receiving insight into the company’s product road map,” said Alan Emerson, Senior Vice President at Emigrant Mortgage.

“GHR is committed to delivering the best lending automation solutions to our customers. In order to evolve and expand our products in the most effective and efficient manner, we wanted to create an advisory board of client representatives and work closely with them to gain a detailed understanding of their ideas for tactical and strategic product expansions,” said Cy Brinn, CEO of GHR Systems. “Through the Client Advisory Board we expect to increase the level and frequency of our collaboration with our clients and use the information developed by the Client Advisory Board to further enhance and expand our lending automation products and services.”

The CAB will consist of the Board and two subcommittees. The subcommittees will be established to address both the tactical development priorities and strategic direction of our LOS and POS solutions, respectively, and will focus on the strategic direction, development priorities and service and support issues pertaining to these products. “We look forward to working with an exceptional group of individuals to strengthen GHR’s product offering and also further the company's identification of prospective strategic partners and business development opportunities,” added Brinn.

About GHR

GHR Systems, Inc. provides loan originating, processing and closing systems for the residential mortgage, consumer and small business lending industries. GHR’s systems are used by large, mid-sized, and emerging lenders to better market, sell and close loans through all distribution channels, including wholesale, retail, consumer direct and correspondent. Fifteen of the Top 50 U.S. Mortgage lenders use GHR’s systems. GHR is a Microsoft Gold Certified Software Development Partner. For more information, please visit www.ghrsystems.com.

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For media inquiries, contact Tricia Schafer-Petrecz at (484) 595-2125, write GHR Systems, 640 Lee Road, Wayne, PA 19087, or e-mail tricia_petrecz@ghrsystems.com.

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