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Portellus Appoints Brenda Arnold as Senior Process and Project Manager

Experienced Automation Project Manager Joins Fast-Growing Technology Company

IRVINE, Calif., May 6, 2005 - Portellus Inc., a leading provider of technology tools and services for the financial services industry, today announced that Brenda Arnold has joined the company as senior process and project manager. In this capacity, Arnold will oversee company processes and manage the installations of its mortgage-related products for lenders nationwide.

Arnold comes to Portellus from Irvine-Calif.-based Commerce Velocity Inc., where she managed teams of developers, business analysts and quality assurance specialists on various implementations. She will be responsible for the implementation of projects involving Portellus' business rules management system (BRMS), automated underwriting system (AUS), product and pricing eligibility, Web based mortgage broker portal solution, and its loan origination system (LOS).

Arnold, who is well versed in the management of non-prime, non-conforming integration projects, brings a wealth of project management knowledge to Portellus, a company that places a strong emphasis on moving automated underwriting and complex decisioning to the point-of-sale for both retail, wholesale and correspondent lending channels. Collectively, she has more than 15 years of hands-on experience specializing in business operations, organizational leadership, project management, and research and development.

"We are very pleased to have Brenda join an already strong team of implementation specialists and we are fortunate to tap her keen knowledge of mortgage lending automation implementations," said Katherine Mak, director of client services at Portellus. "Unequivocally, she will be a tremendous asset to our organization as we continue our rapid growth."

"Portellus' track record of success has resulted in our attracting the company's future leaders," said John Le, CEO of Portellus. "Our clients deserve the best and the brightest the industry has to offer, which allows us to approach implementations in a very methodical way. Brenda is a talented manager who will ensure our clients are handled with a high degree of quality and detailed focus."

Arnold holds a Bachelor of Science degree from California State University, Los Angeles and an MBA from Woodbury University.

As part of its continued growth, earlier this year, the company announced its plans to increase its workforce by 35 percent and moved to new corporate headquarters in Irvine, Calif.

About Portellus

Headquartered in Irvine, Calif., Portellus Inc. is a leader in the application of Service Oriented Architecture (SOA) for the mortgage banking and insurance industries. The company''s Decision Management Solution, Business Rules Management System, Mortgage Solutions Framework, and Rating and Underwriting Engine seamlessly integrate with existing systems to enable clients to gain competitive advantages, reduce costs, increase profitability, mitigate risk and quickly launch new products/pricing to penetrate new markets. For more information, visit www.portellus.com or call 949-250-9600.

CONTACT:
Joe Bowerbank
Portellus, Inc.
949.250.9600, ext. 250
jbowerbank@portellus.com

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