[January 21, 2015]

Capsilon Achieves Significant Milestones in Growth and Innovation in 2014

Capsilon, a provider of cloud-based document and data management solutions for mortgage lenders and investors, today announced a remarkable year of growth and innovation achievements in 2014.

Following significant adoption by some of the country's largest lenders, the number of active DocVelocity users increased by 58 percent in 2014. With revenue growth averaging more than 50 percent in each of the past four years, the fourth quarter of 2014 marked the 14^th consecutive quarter of profitability for Capsilon.

With the launch of Capsilon DocVelocity 9 in the fourth quarter of 2014, Capsilon continued to deliver innovation to the mortgage industry with significant new technology, including Automated Data Extraction, Centralized Data Validation Stations and Centralized Workflow Queues. The launch of DocVelocity 9 coincided with the announcement of Capsilon's vision for straight-through processing (STP) of mortgage loans, a vision where a technology-enabled model is used to extract data from loan documents to move quality control to the front of the loan process. With STP, up to 80 percent of manual labor is eliminated, loan turn times are reduced, quality is improved and total loan production costs are dramatically reduced.

Capsilon achieved the following notable highlights in the calendar year 2014:

• Achieved 51 percent growth in the number of DocVelocity loan folder activations
• Experienced 58 percent growth in the number of DocVelocity users
• Grew Capsilon employee headcount by 25 percent
• Strengthened the executive team ith the addition of enterprise SaaS (News - Alert) veterans Greg Marek as chief marketing officer and Rama Velpuri as vice president of engineering
• Delivered an industry first with Automated Data Extraction technology that transforms extracted data into Mortgage Industry Standards Maintenance Organization (MISMO) data types for consumption by automation engines and gives DocVelocity users the ability to compare extracted data with a "snippet" view of the data on the original source documents while maintaining links to the original source document
• Built a Data Services team, under the Capsilon Professional Services organization, to continuously expand and refine the Automated Document Recognition and Automated Data Extraction capabilities of DocVelocity. The data extracted from Origination and Trailing documents can be used to drive automated workflows for functional areas such as Post-Closing and Pre-Funding QC
• Expanded the Capsilon DocVelocity Network loan delivery solution with the addition of Cenlar FSB, Deutsche Bank and PennyMac
• Signed a lease for a new headquarters location at the Citigroup Center located at One Sansome Street in the heart of San Francisco's financial district, with a move-in date of February 2, 2015

• Named a 2014 HW TECH100™ honoree in HousingWire's annual look at the most innovative technology firms in the U.S. housing economy
• Named a Top 50 Service Provider by Mortgage Technology magazine for the fourth year in a row
• Awarded a 2014 Silver Stevie® Award as Most Innovative Tech Company of the Year, Computer Software category, at the American Business Awards
• Awarded a Bronze Award in the Innovations in Technology category at the 6^th Annual Golden Bridge Awards

"2014 was an amazing year for Capsilon as it was marked by significant growth in business metrics, continued product innovation to meet the needs of the country's largest lenders and a number of industry accolades," said Sanjeev Malaney, CEO of Capsilon. "We will be delivering even more innovation in 2015 as we deliver on our vision for straight-through processing for the mortgage industry."

About Capsilon

Capsilon provides comprehensive cloud-based document imaging and data capture solutions that enable mortgage lenders and investors to increase productivity and lower costs, while ensuring compliance. The company's flagship product, Capsilon DocVelocity®, is a document and data management platform built specifically to address the needs of the largest mortgage lenders in the United States. Headquartered in San Francisco, Capsilon serves many of the mortgage industry's most innovative lenders, including two of the 10 largest residential mortgage lenders in the United States. For more information, visit www.capsilon.com.

DocVelocity^® is a registered trademark of Capsilon Corporation. All other marks are the property of their respective owners.

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