New EarlyResolution Release Helps Servicers Reduce Foreclosure Risk EL SEGUNDO, Calif., Aug. 6 /PRNewswire-FirstCall/ -- Computer SciencesCorporation (NYSE: CSC) announced today that it has added significant newloss mitigation capabilities to its EarlyResolution mortgage defaultsoftware-as-a-service solution. The new features increase mortgageservicers' ability to facilitate workouts that minimize investor creditlosses and help borrowers keep their homes. The key component of the new release gives servicers the ability toperform financial analysis on loan modifications, short sales anddeed-in-lieu-of-foreclosure solutions. Through the use of new analyticaltools, including net-present-value and loss severity calculations,servicers can assess the financial impact of retention and liquidationworkout options and seamlessly conduct loss mitigation evaluations acrosstheir collection and loss mitigation departments. The tools are alsoconfigurable, enabling servicers to construct financial analysis asnecessary, based on the needs of multiple, unique investors and portfolioservicing rules. "Our staff is now able to quickly capture the information necessary todetermine the appropriate workout option based on a borrower's specificsituation, as well as financial impact and viability," said Ed Delgado,Wells Fargo Home Mortgage senior vice president. "This release gives us theloss mitigation decision-making tools necessary to help more borrowers keeptheir homes while meeting our fiduciary responsibility to our investors." "We are pleased to introduce this important set of enhancements at atime when rising delinquency rates and payment shock are making loanmodifications and liquidation workouts more important than in the past,"said Kevin Schlumpf, managing director of the EarlyResolution practicewithin CSC's Financial Services Sector. "By providing best-in-classdecisioning tools that improve business results, CSC is delivering whatclients need to mitigate their losses and help their borrowers." CSC's EarlyResolution is a leading consumer lending default managementsolution offered in a software-as-a-service environment. In use by five ofthe top 10 mortgage servicers, EarlyResolution helps servicers findeffective solutions when borrowers are in default, lower collection costsassociated with defaults and enable more borrowers to keep their homes whenfacing potential foreclosure. About CSC Computer Sciences Corporation is a leading global informationtechnology (IT) services company. CSC's mission is to provide customers inindustry and government with solutions crafted to meet their specificchallenges and enable them to profit from the advanced use of technology. With approximately 87,000 employees, CSC provides innovative solutionsfor customers around the world by applying leading technologies and CSC'sown advanced capabilities. These include systems design and integration; ITand business process outsourcing; applications software development; Weband application hosting; and management consulting. Headquartered in ElSegundo, Calif., CSC reported revenue of $14.9 billion for the 12 monthsended March 30, 2007. For more information, visit the company's Web site athttp://www.csc.com.
