BSI Financial Services Inc.
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For Immediate Release

FOR MORE INFORMATION,CONTACT:

Gagan Sharma
gagan@bsifinancial.com
(972)746-2037

BSI Financial repositions as an Outsourcer: Signs Up Several New Clients

Company to Provide “Right Shore” Mortgage Subservicing, Quality Control and Outsourcing Solutions from the US and India
Irving, TEXAS –  26 Jun, 2006 :BSI Financial Services, a mortgage originator and Freddie Mac rated Tier 1 servicer has repositioned itself into a pure outsourcer and service provider to the mortgage industry. As a service provider, BSI provides subservicing, due diligence, quality control and back office outsourcing services to the US residential mortgage industry. It will combine the best of its domestic operations based in Pennsylvania with offshore operations in India to provide a “Right Shore” global delivery model.

In the few months since refocusing its activities, BSI has signed up several new clients for its services, including Investor Savings Bank, Atlantic Pacific Mortgage and Allied Mortgage Group.

As part of the transition, Gagan Sharma, a veteran of the global outsourcing industry has acquired the company and joined as President & CEO. Prior to joining BSI, Gagan was the founder, CEO and VP of Sales at a global business process outsourcing company rated in the top 5 in its industry.

“I am excited to be leading BSI in this new direction. We are combining the best of a true domestic outsourcing operation with a global delivery center to serve the needs of the next wave of companies looking to leverage global cost savings with minimal risk. The confidence placed in us by our new clients is a testament to the track record & service offerings of the company,” said Sharma.

About BSI Financial Services

BSI Financial Services is a provider of mortgage subservicing, quality control and back office outsourcing services. Leveraging its global delivery model and 20 year track record of success, BSI provides clients with customized solutions to improve service quality, lower costs and reduce turnaround time.

BSI is an approved servicer with Fannie Mae, Freddie Mac, Ginnie Mae, HUD, VA, Federal Home Loan Bank and several private investors. For more information, visit www.bsifinancial.com.

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