Treasury Bank Adds Seller Access Feature to CARD, Its Web-Based Document Custody Reporting System

ALEXANDRIA, Va., June 1 /PRNewswire/ -- Treasury Bank, N.A., a subsidiary of Countrywide Financial Corporation , today announced the addition of seller access features to Custody Analytic Reporting Delivery (CARD), its Web-based reporting system for its document custody clients. CARD, which was launched a year ago, provides clients with access to important customer and seller/servicer data, such as document delivery, file reviews, exceptions and releases.

"The addition of seller access to our industry-leading Web reporting capabilities enables us to make our customers' collateral processes more efficient and their portfolio execution strategies more flexible," said Holly Holland, Executive Vice President, Document Custody Services for Treasury Bank. "When it comes to meeting the needs of our clients, we push the boundaries and go well beyond the traditional service levels associated with document custody providers."

A seller who works with Treasury Bank's clients can log on to the system and review collateral documents associated with their specific transactions and loans. This gives sellers and Treasury Bank's clients at financial firms an enhanced ability to make decisions. It also can expedite the acquisition or sales process, which is so critical to profitable loan portfolio strategies including asset securitization, servicing, funding and trading. Treasury Bank's clients have access to reports for all of the sellers with whom they do business. Included in the CARD system are features that maintain a secure environment, permitting sellers access only to reports reflecting their respective loan files.

Unlike most document custody reporting systems that are refreshed daily, Treasury Bank's CARD system is updated every hour. This nearly real-time updating introduces higher possible efficiency and productivity-level attainments for investors and sellers, both of whom can make decisions on their portfolio positions based on intra-day information. This technology avoids sellers having to wait to receive daily reports from the purchaser or custodian. This also permits sellers to log in via the web at any time and more rapidly move to clear loan file exceptions. These same benefits can help loan servicers make decisions quickly and more efficiently.

"As part of our ongoing efforts to redefine document custody services, we continuously look at technology-driven process improvements," said Holland. "Adding the seller access function to CARD is a service that differentiates us from our competitors, and we intend to add other services to our document custody capabilities in the near future to continue to add value to our clients' businesses."

The Treasury Bank Document Custody Group processes approximately 20,000 loans per day depending on origination/acquisition volumes. The group focuses its time and technology investments solely on the document custody industry, therefore it offers expanded services and in effect acts as a complete collateral agent, handling all of the physical side of document custody so that clients can focus on their primary goals -- loan securitization, funding, purchasing and trading.

About Treasury Bank

Treasury Bank, N.A. is a member of the Countrywide Financial Corporation family of companies. Treasury Bank, N.A. and Countrywide Bank, a division of Treasury Bank, N.A., offer highly competitive rates on certificates of deposit, money market and individual retirement accounts and is consistently awarded the Top Tier Award from Bankrate.com(R) for offering deposit products having relatively high annual percentage yields compared to other institutions. Treasury Bank offers comprehensive document custody services, is regulated and examined by the Office of the Controller of the Currency and is approved by FHLMC, GNMA, FNMA, FHLB and many private investors. For more information about Treasury Bank, call 1-800-882-2868 or visit http://www.treasurybank.com/. Member FDIC. Equal Housing Lender.