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DepotPoint Names Senior Financial Services Executive James G. Jones to Board of Directors

SEATTLE (November 4, 2009) — DepotPoint, Inc., today announced that James G. Jones, with 35 years of management experience in banking, consumer lending, payment processing and related financial services, has joined the company’s Board of Directors.

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Mortgage Industry Veteran Joe Filoseta Joins DepotPoint as Senior Vice President, Business Development & Strategy

SEATTLE (October 8, 2009) — DepotPoint, Inc., today announced that financial services industry veteran Joe Filoseta has joined the company as Senior Vice President, Business Development & Strategy. Filoseta is based at the company’s headquarters in Bellevue, Washington.

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Policy Shift: Making Home Salable

SERVICING MANAGEMENT - July 2009. DepotPoint Inc. President and CEO Prakash Kondepudi views the expansion as the first pragmatic adjustment made to a well-intentioned - but fundamentally flawed - program.This is a realization that not every homeowner will meet [Home Affordable Modification] criteria, ” he says. “I think everybody in the industry understands that, but there was no structured program in recognition of that”.

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