Zoot Enterprises Taps Industry Expert Bill Porter as Product Consultant

Financial services veteran to lead Enterprise Cross-Sell Management project

April 10, 2007

Bozeman, Mont –Zoot Enterprises, a leading provider of advanced instant credit decisioning and loan origination solutions, announces the appointment of Bill Porter to its product development organization. As a product consultant, Porter is responsible for optimizing client usage of Zoot’s product suite designed for financial institutions. Porter brings more than 20 years of lending and automated decisioning experience in the financial industry from his highly regarded career with Washington Mutual Bank.
 
“Porter has worked in the trenches at one of the most innovative large banks in the country,” said Tom Johnson, vice president of product development. “His solid experience coupled with Zoot's industry-leading decisioning tools and services clearly give us an advantage and further positions the company as a leader in enterprise-wide decisioning and cross-sell strategy and technology.”

Porter will manage Zoot’s enterprise cross-sell solution, Enterprise Cross-Sell Manager (ECSM). This solution positions companies for further growth by enhancing and deepening customer relationships and improving their ability to compete for existing and prospective customer wallet-share. ECSM integrates with existing legacy systems, as well as newly deployed solutions, reducing operational costs without compromising the risk criteria or best practices of any individual line of business.

Porter’s industry expertise in mortgage, consumer and commercial lending includes a heavy emphasis on full end-to-end loan origination and fulfillment systems, automated credit decisioning, automated pricing and automated settlement services.

“Zoot Enterprises is committed to offering our clients the very best in credit decisioning and loan origination solutions,” said Chris Nelson, chief executive officer.  “We extend this commitment by hiring only the very best employees. With Porter’s extensive experience, we are poised for dynamic new growth opportunities.”

About Zoot Enterprises
Bozeman, Mont.-based Zoot Enterprises provides large financial institutions with highly configurable, credit bureau independent instant credit decisioning and loan origination systems. Its fast, flexible and highly secure solutions reduce risk and improve performance for seven of the top-ten U.S. financial institutions accounting for more than 200 million credit transactions a year. The company's product lines support a wide range of transactions and allow clients to adapt to market changes in real-time. The ability to meet virtually any credit origination need has led to the company's long-term partnerships with the nation's most innovative financial institutions. Visit www.zootweb.com or call 406.586.5050 for more information.

MEDIA CONTACTS: William Mills Agency, Andrew McCaskill, 678-781-7210 or Zoot Enterprises, Eric Lindeen, 406-556-7449

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