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LOGS Network Chooses CSC's Mortgage Default Management Software

Distributed by PR Newswire

EL SEGUNDO, Calif. (Map) - Computer Sciences Corporation (NYSE: CSC) today announced that LOGS Network, a national group of commonly owned and centrally managed law firms and trustee companies providing real-estate-related legal and title services, has chosen CSC's EarlyResolution mortgage default software-as-a-service solution for its recently launched home retention assistance business. Heart Financial Services, a division of The LOGS Group LLC, will use EarlyResolution's core decision engine to recommend customized workout programs for residential borrowers whose delinquent loans have been referred for foreclosure or bankruptcy legal representation.

HEART (Homeowners Equity Assisted Retention Team) provides loss mitigation services to mortgage lenders in conjunction with member firms of the LOGS Network. EarlyResolution is configurable to reflect the individual rules of each of these clients so that, on inbound and outbound contacts, HEART's professionals can immediately determine delinquent borrowers' eligibility and recommend the optimal loss mitigation option.

"EarlyResolution is a standard for loss mitigation in the mortgage servicing industry," said Gerald B. Alt, president and chief operating officer of LOGS Network. "By providing a platform that many of our servicing clients have in common, EarlyResolution will allow HEART Financial Services to get to market more quickly."

"Being selected by LOGS Network, a trendsetter in this market, confirms that CSC's technology can improve business results," said Kevin Schlumpf, managing director of the EarlyResolution practice within CSC's Financial Services Sector. "This relationship opens up a new channel for EarlyResolution. By providing mortgage default decisioning tools for LOGS' large attorney network, we can help more people avoid foreclosure."

CSC's EarlyResolution is a leading consumer lending default management solution offered in a software-as-a-service environment. In use by five of the top 10 mortgage servicers, EarlyResolution helps servicers find effective solutions when borrowers are in default, lower collection costs associated with defaults and enable more borrowers to keep their homes when facing potential foreclosure.

About LOGS Network

For more than three decades, LOGS Network professionals have represented the mortgage services and consumer credit industries, concentrating on the risk-sensitive areas of loss mitigation, foreclosure, bankruptcy, eviction, title and REO management. LOGS built its reputation on the foundation of a unique, centrally managed network of attorneys, trustees, title personnel and collection staff that consistently performs at or above industry standards. For more information, visit http://www.logs.com.

About CSC

Computer Sciences Corporation is a leading global information technology (IT) services company. CSC's mission is to provide customers in industry and government with solutions crafted to meet their specific challenges and enable them to profit from the advanced use of technology.

With approximately 87,000 employees, CSC provides innovative solutions for customers around the world by applying leading technologies and CSC's own advanced capabilities. These include systems design and integration; IT and business process outsourcing; applications software development; Web and application hosting; and management consulting. Headquartered in El Segundo, Calif., CSC reported revenue of $14.9 billion for the 12 months ended March 30, 2007. For more information, visit the company's Web site at http://www.csc.com.

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