Business, Free News Articles, Software

SimpleNexus is acquiring LBA Ware

LEHI, Utah -- SimpleNexus (https://simplenexus.com/), developer of the leading homeownership platform for loan officers, borrowers, real estate agents and settlement agents, today announced its acquisition of Macon, Georgia-based software firm LBA Ware™ (https://www.lbaware.com). The strategic transaction, SimpleNexus' first, brings together 325 employees in 29 states to serve 425 distinct lender customers and dozens of mortgage technology integration partners.

"Bringing LBA Ware into the SimpleNexus homeownership platform gives mortgage lenders an unprecedented array of competitive advantages across borrower engagement, loan origination and closing as well as operations and business intelligence," said SimpleNexus CEO Cathleen Schreiner Gates. "This is an exciting moment for SimpleNexus. We welcome our new colleagues, who share our passion for helping lenders excel in their markets."

"As a company that values our partnerships with SimpleNexus and LBA Ware, we recognize this as an exciting moment for both firms and an opportunity for two market-leading teams to come together to push the boundaries of innovation on behalf of mortgage bankers," said Randy Allen, CIO of nationwide lender Fairway Independent Mortgage Corporation.

LBA Ware CEO Lori Brewer will join SimpleNexus as EVP and general manager. Brewer founded LBA Ware in 2008 and shepherded the bootstrapped company through thirteen years of product innovation and organic revenue growth. Initially a developer of custom software solutions for banks and mortgage lenders, LBA Ware soon made a name for itself as the creator of CompenSafe™, the mortgage industry's original and most prevalent incentive compensation management (ICM) software. In 2019, LBA Ware diversified its product offerings with the introduction of LimeGear™, a turnkey mortgage business intelligence (BI) platform.

"Together, LBA Ware and SimpleNexus will be able to offer mortgage lenders even more than the sum of our parts and redefine not only the digital mortgage experience, but also the mortgage BI category," Brewer said. "As consistent forces for innovation in the mortgage space, our firms have remarkably compatible cultures and complementary products. We look forward to a bright future as a unified team."

SimpleNexus and LBA Ware have more in common than their compatible cultures. Both companies have become perennial members of the Inc. 5000 list of America's fastest-growing private companies, and each has earned a loyal customer following exemplified by an average Net Promoter Score(r) that far surpasses benchmarks for the financial services and B2B software sectors. SimpleNexus and LBA Ware are both longtime members of Mortgage Bankers Association (MBA), The Mortgage Collaborative (TMC) and the American Credit Union Mortgage Association (ACUMA), among other industry associations.

The deal is expected to close by October 19, 2021.

Lenders attending the Mortgage Bankers Association's 2021 Annual Convention and Expo are invited to join SimpleNexus for a welcome reception co-hosted by Notarize and Regorra at the San Diego Wine and Culinary Center on Sunday, October 17, from 7:30 to 10:00 p.m. PT. Schreiner Gates and Brewer will be on hand to meet with those who wish to learn about the acquisition.

Brewer is also a featured speaker at the conference. On Tuesday, October 19, she will join Success Mortgage Partners CEO Owen Lee and iEmergent CEO Laird Nossuli for a session designed to teach lenders how to manage costs and make smart staffing decisions with operational data and key performance indicators (KPIs). "Balancing Your Talent Pool" takes place from 1:30-2:30 p.m. in Room 1 on the Convention Center's Upper Level.

About SimpleNexus:

Founded in 2011, SimpleNexus is an award-winning developer of mobile-first technology for the modern mortgage lender. Lenders depend on our namesake homeownership platform to unite the people, systems and stages of the mortgage process into a seamless, end-to-end solution that spans engagement, origination, closing and business intelligence. By helping lenders manage their teams and stay connected with borrowers and real estate partners, we deliver a measurable return on investment in the form of reduced turn times, increased loan application submissions and more referral business. A four-time Inc. 5000 company, SimpleNexus has been recognized as one of the world's Best Workplaces for Innovators.

For more information, visit https://www.simplenexus.com or follow @SimpleNexus.

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RELATED LINKS:

https://www.lbaware.com/compensafe

https://www.lbaware.com/limegear

https://www.eventbrite.com/e/mba-annual-cocktail-party-tickets-168481535809

https://www.linkedin.com/company/simplenexus/

Related link: https://simplenexus.com/

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Awards and Honors, Business, Free News Articles

LBA Ware Founder and CEO Lori Brewer Designated a 2021 Powerful Women in Mortgage Banking by Mortgage Banker Magazine

MACON, Ga. -- LBA Ware™, a leading provider of incentive compensation management (ICM) and business intelligence (BI) software solutions for the mortgage industry, today announced company Founder and CEO Lori Brewer has been named to Mortgage Banker's 2021 list of Powerful Women in Mortgage Banking.

Brewer was recognized for developing award-winning software CompenSafe™ and LimeGear™, which are used by lenders of all sizes to maximize the human potential within their organizations. LBA Ware's flagship product CompenSafe is the only mortgage industry-specific ICM platform offering lenders the flexibility and scalability to automate incentive compensation plans for a full spectrum of staff, from loan originators to processors and underwriters. Introduced in 2020, LimeGear is a turnkey BI platform to make production- and efficiency-enhancing insights available to mortgage lenders that gets more out of their data and their people.

"My passion is reflected in LBA Ware's mission to help lenders of all sizes harness their operational data so they have the tools and insights they need to solve business challenges in any mortgage market," said LBA Ware Founder and CEO Lori Brewer. "It's an honor to be named among such an accomplished group of women in the industry."

In its inaugural year, the Powerful Women in Mortgage Banking award program is designed to highlight female pioneers, leaders and innovators making a difference in mortgage lending. To view the 27 honorees, visit https://nationalmortgageprofessional.com/magazine/mortgage-banker-magazine/how-find-generation-next/digital-edition.

About LBA Ware™:

LBA Ware is a leading provider of cloud-based software for mortgage lenders. Since 2008, LBA Ware has been on a mission to help mortgage companies reach new heights with software that integrates data, incentivizes performance and inspires results. Today, more than 100 lenders of all sizes, including some of the nation's top producing mortgage companies, use LBA Ware's award-winning technology to enhance lender experiences and maximize the human potential within their organizations. A 2020 Inc. 5000 fastest-growing private company, LBA Ware is headquartered in Macon, Georgia. For more information, visit https://www.lbaware.com/.

Twitter: @LBAWare

Related link: https://go.lbaware.com/

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Free News Articles, Regional Events, Webinars

LBA Ware Announces Mortgage Industry Outlook Webinar Featuring Mortgage Bankers Association Chief Economist Michael Fratantoni

MACON, Ga. -- LBA Ware™, a leading provider of incentive compensation management (ICM) and business intelligence software solutions for the mortgage industry, today announced it will debut its quarterly webinar series with a 2021 mortgage industry outlook session featuring Mortgage Bankers Association (MBA) chief economist and senior vice president, research and industry Michael Fratantoni. The webinar, More Insights, Better Decisions: Michael Fratantoni's 2021 Mortgage Industry Outlook, will take place Thursday, February 11, from 1-2 pm ET and is free to attend.

Hosted by LBA Ware Founder and CEO Lori Brewer, the session will present residential housing finance professionals with insight into the mortgage industry's projected 2021 performance and data-driven business management best-practices.

Key topics to be covered in the session include:

* A macro-economic overview of the job market and rate expectations

* An overview of mortgage market trends and forecasts such as borrower demographics and origination volume

* Origination and servicing benchmarks with a focus on production, profitability and productivity

* Audience Q&A session with Michael Fratantoni

"We are thrilled to kick off the first session of our quarterly webinar series with one of the mortgage industry's most revered economic experts, Michael Fratantoni," said LBA Ware Founder and CEO Lori Brewer. "At LBA Ware, we are ardent advocates of data-driven business practices, so I look forward to discussing with Michael how lenders can apply his market analysis to their production data to optimize their performance."

Attendees may submit questions for Michael Fratantoni to answer at the time of registration. Registration is required. To register, click here.

About LBA Ware™:

LBA Ware is a leading provider of cloud-based software for mortgage lenders. Since 2008, LBA Ware has been on a mission to help mortgage companies reach new heights with software that integrates data, incentivizes performance and inspires results. Today, more than 100 lenders of all sizes, including some of the nation's top producing mortgage companies, use LBA Ware's award-winning technology to enhance lender experiences and maximize the human potential within their organizations. A 2020 Inc. 5000 fastest-growing private company, LBA Ware is headquartered in Macon, Georgia. For more information, visit https://www.lbaware.com/.

Twitter: @LBAWare #CompenSafe #mortgagetrends #LOcompensation

Related link: https://go.lbaware.com/

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Awards and Honors, Business, Free News Articles

LBA Ware’s Lori Brewer Named HousingWire Tech Trendsetter for Innovations in Compensation Management, Business Intelligence for Mortgage Lenders

MACON, Ga. -- LBA Ware(TM), a leading provider of incentive compensation management (ICM) and business intelligence (BI) software solutions for the mortgage industry, announced today that company Founder and CEO Lori Brewer has been named a 2020 HousingWire (HW) Tech Trendsetter. Each year, the highly anticipated HW Tech Trendsetters list honors 50 housing technology leaders whose products are driving innovation in mortgage and real estate.

An accomplished entrepreneur and technology leader, Brewer earned recognition for conceptualizing and building CompenSafe(TM), the first and only mortgage-specific ICM platform, and for the release of LimeGear(TM), a turnkey BI platform for mortgage lenders that provides visibility into multiple levels of data. Both solutions have fulfilled mortgage lenders' need for custom technology solutions that automate traditionally manual business processes. Brewer was also credited with the January 2020 launch of LBA Ware's Loan Originator Compensation Report, which provides compelling insights into mortgage compensation trends each quarter.

Brewer is a past recipient of HW's Vanguard Award. In 2019, she was named a Mortgage Bankers Association Tech All-Star, and earlier this year she was among the inaugural class of NEXT Powerhouse Award winners.

"I'm honored to have earned a spot among the top thinkers and doers in mortgage technology," said LBA Ware Founder and CEO Lori Brewer. "I've spent my career helping banks, credit unions and mortgage companies solve problems through technology. My mission has always been to build solutions that optimize the way my clients work and deliver the data insights they need to maximize their potential."

"Our Tech Trendsetters award recognizes a group of leaders who were critical to the outstanding performance of housing and real estate during this pandemic, finding innovative solutions when everything changed on a dime," said HousingWire Editor in Chief Sarah Wheeler. "We're very proud to celebrate their achievements and honor the impact they've had at such a crucial time."

To view the complete list of 2020 HW Tech Trendsetters, visit https://www.housingwire.com/articles/introducing-the-housingwire-2020-tech-trendsetters/.

About LBA Ware(TM):

LBA Ware is a leading provider of cloud-based software for mortgage lenders. Since 2008, LBA Ware has been on a mission to help mortgage companies reach new heights with software that integrates data, incentivizes performance and inspires results. Today, lenders of all sizes, including some of the nation's top producing mortgage companies, use LBA Ware's award-winning technology to enhance lender experiences and maximize the human potential within their organizations. A 2020 Inc. 5000 fastest-growing private company, LBA Ware is headquartered in Macon, Georgia. For more information, visit https://www.lbaware.com/.

About HousingWire:

HousingWire is the most influential source of news and information for the U.S. mortgage and housing markets. Built on a foundation of independent and original journalism, HousingWire reaches over 60,000 newsletter subscribers daily and over 7.5 million unique visitors each year. Our audience of mortgage, real estate, financial services and fintech professionals rely on us to Move Markets Forward. Visit https://www.housingwire.com/ or https://www.solutions.housingwire.com/ to learn more.

Twitter: @LBAWare @HousingWire #hwtechtrendsetters #mortgageindustry #mortgagetechnology #mortgagelending #BI

Related link: https://go.lbaware.com/

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Awards and Honors, Business, Free News Articles

LBA Ware Founder and CEO Lori Brewer Named NEXT Mortgage Events 50 Over 50 Honoree

MACON, Ga. -- LBA Ware(TM), a leading provider of incentive compensation management (ICM) and business intelligence software solutions for the mortgage industry, today announced company Founder and CEO Lori Brewer has been named an honoree of NEXT Mortgage Events' (NEXT) 50 Over 50 awards program. In its inaugural year, NEXT 50 Over 50 honors influential female leaders in the mortgage sphere.

Brewer was recognized for her technological contributions to the mortgage industry and prominence as a thought leader, speaker and educator whose quarterly compensation reports and expert guidance on the topics of LO compensation and data-driven business optimization have positively impacted lenders of all stripes. In 2011, Brewer built from the ground up the first mortgage-specific incentive compensation management (ICM) platform, CompenSafe(TM), which bridges the gap between lenders' loan origination and payroll systems to eliminate manual data entry and provide actionable insight into staff performance and profitability. Last year, Brewer debuted her company's newest product, LimeGear, a turnkey business intelligence (BI) platform designed to help mortgage lenders leverage their data in a more consistent, purposeful and profitable manner.

"My goal has always been to help mortgage lenders leverage their data in ways that optimize processes and turn their business goals into a reality," said Brewer. "It's an honor to be recognized alongside such a distinguished class of mortgage professionals."

"NEXT's mission has always been to showcase the women who are the backbone of the mortgage industry - this award is part of that mission," said NEXT Co-Founder Jeri Yoshida. "We'll honor these top performers throughout #NEXTSUMMER20. Since this year's event is free and available online, we expect record-breaking attendance. We're thrilled that so many people in the mortgage industry will get to know these overachievers and acknowledge their role in their companies' success."

The full list of NEXT 50 Over 50 award honorees can be viewed at https://nextmortgagenews.com/.

About LBA Ware(TM):

LBA Ware is a leading provider of cloud-based software for mortgage lenders. Since 2008, LBA Ware has been on a mission to help mortgage companies reach new heights with software that integrates data, incentivizes performance and inspires results. Today, lenders of all sizes, including some of the nation's top producing mortgage companies, use LBA Ware's award-winning technology to enhance lender experiences and maximize the human potential within their organizations. A 2019 Inc. 5000 fastest-growing private company, LBA Ware is headquartered in Macon, Georgia. For more information, visit https://lbaware.com.

About NEXT Mortgage Events LLC:

In January 2018, NEXT Mortgage Events broke the mortgage industry's unspoken barriers that limit women's access to competitive intel and networking-based information exchange, when it introduced NEXT, the mortgage technology summit for women. NEXT is a two-day, tech-focused symposium based on lenders sharing competitive intel with other lending executives. A boutique gathering, each NEXT event is limited to 200 attendees, and targets a select group of decision making executives. Roughly 85-90% of lender attendees hold a title of VP or higher and approximately 85% of attendees are women. NEXT is held twice a year, in winter and summer. For more information visit https://nextmortgagenews.com/, follow @NEXTmtgEvents or email info@NEXTmortgageEvents.com.

Twitter: @LBAWare @NEXTMtgEvents #NEXT50over50

Related link: https://go.lbaware.com/

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Business, Free News Articles, Software, Taxes and Accounting

LBA Ware Founder and CEO Scheduled to Speak at 2019 MBA Accounting and Financial Management Conference

MACON, Ga. -- LBA Ware(TM), a leading incentive compensation management (ICM) and business intelligence (BI) software solutions provider to the mortgage industry, today announced that Founder and CEO Lori Brewer has been invited to speak at the Mortgage Bankers Association (MBA) 2019 Accounting and Financial Management Conference, November 19-21 at the Marriot Marquis San Diego Marina.

Brewer will participate in the Wednesday, November 20, conference session, "The 800 Pound Gorilla: Sales Costs and Productivity," from 1:00-1:50 p.m. in Marina Ballroom E, joined by co-panelists Richard Andreano, partner, Ballard Spahr LLP; Darryl MacNair, CFO, Eustis Mortgage Corporation; and Matt Stokes, chief analytics officer, AmCap. During the Residential Track breakout session, panelists will discuss mortgage lenders' strategies to motivate loan originators (LOs) and increase production volume while guarding their bottom line.

"Many lenders do not realize that nuanced details of employee incentive compensation packages have an immense power to shape sales performance and radically impact profitability," said LBA Ware Founder and CEO Lori Brewer. "I'm eager to share with session attendees how savvy lenders are re-evaluating their comp plans to more effectively manage their bottom line."

The MBA's Accounting and Financial Management Conference assembles leading authorities in mortgage and real estate finance to share critical business intelligence, insights and best practices. To learn more, visit https://www.mba.org/conferences-and-education/event-mini-sites/accounting-and-financial-management-conference.

About LBA Ware(TM):

LBA Ware is a leading provider of cloud-based software for mortgage lenders. Since 2008, LBA Ware has been on a mission to help mortgage companies reach new heights with software that integrates data, incentivizes performance and inspires results. Today, lenders of all sizes, including some of the nation's top producing mortgage companies, use LBA Ware's award-winning technology to enhance lender experiences and maximize the human potential within their organizations. A 2019 Inc. 5000 fastest-growing private company, LBA Ware is headquartered in Macon, Georgia. For more information, visit https://lbaware.com.

Twitter: @LBAWare #AFM19 @MortgageBankersAssociation #LimeGear #CompenSafe

*PHOTO link for media: https://www.Send2Press.com/300dpi/19-0115s2p-lori-brewer-300dpi.jpg
*Photo Caption: LBA Ware founder and CEO Lori Brewer.

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Business, Free News Articles

LBA Ware CEO to Discuss Loan Originator Compensation Trends in Today’s Market at MBA Independent Mortgage Bankers Conference

MACON, Ga. -- LBA Ware(TM), provider of the leading automated compensation and sales performance management platform for mortgage lenders, today announced that its Founder and CEO Lori Brewer will be a panelist at the Mortgage Bankers Association's (MBA) 2019 Independent Mortgage Bankers (IMB) Conference, which will be held January 28-31 at the Hyatt Regency San Francisco. In the panel, Brewer will reveal definitive data that answers the question on everyone's mind, "Are lenders cutting loan originator (LO) comp?"

The session, "Managing LO Comp to the Bottom Line," will take place Tuesday, January 29, from 2:15 - 3:15 p.m. PT in the Bayview Room. Loretta Salzano, president of law firm Franzen and Salzano, and Lauren Patel, Human Resources Director at loanDepot.com, will co-panel the session with Brewer.

As part of the conference's Business Operations & Compliance track, the session will cover current business and legal challenges faced by many mortgage businesses - including declining margins, LO compensation trends and evolving roles requiring new skillsets and regulations complicating the compensation of LOs - and discuss possible regulatory relief on the horizon.

"2019 will be a challenging year for many independent mortgage bankers. Decreasing volume, increasing rates and unrelenting operational demands require lenders to be very diligent and strategic about their recruiting and compensation decisions," Brewer said. "I look forward to sharing insights on how lenders are adjusting LO comp plans to reflect market changes, and what lenders can do to incentivize more production while also streamlining efficiencies within lending organizations."

Also that day, Brewer will provide a demonstration of LBA Ware's flagship platform CompenSafe(TM) in the general session, "TechLive - Technology Solutions for the Mortgage Lifecycle," taking place from 3:30 - 5:30 p.m. PT in the Grand Ballroom. The session, led by MBA Chief Economist and Vice President of Research and Industry Technology, Michael Fratantoni, Ph.D., will provide a platform for the executives of six leading mortgage technology firms to show how their products are solving business problems for mortgage lenders. In this interactive session, attendees are invited to ask questions and participate in live polling.

About LBA Ware:

Founded in 2008, LBA Ware's mission is to inspire opportunity by delivering solutions that are essential to the way mortgage companies operate. We are a trusted partner and play a key role in our clients' success by enabling them to motivate, incentivize and better leverage the human potential within their organizations. Our applications automate traditionally manual business processes for which an existing software solution does not exist, empowering lenders to create an integrated software environment that maximizes their productivity and operational efficiency.

For more information about LBA Ware and our software solutions, visit https://lbaware.com.

Twitter: @LBAWare @MBAMortgage #MBAIMB19 #mortgagebanking

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Awards and Honors, Business, Free News Articles

LBA Ware CEO Lori Brewer Named to 2018 MPA Hot 100 List for Technology Contributions to Mortgage Industry

MACON, Ga. -- LBA Ware(TM), a leading provider of automated compensation software and systems integration solutions for mortgage lending and retail banking, announced today that its CEO Lori Brewer has been named to Mortgage Professional America (MPA) magazine's "2018 Hot 100" list. Brewer was recognized for her entrepreneurship and innovation in pioneering the development of a first-of-its-kind software solution to automatically calculate loan officer (LO) compensation.

LBA Ware's flagship product, CompenSafe(TM), has calculated more than $1 billion in origination commissions and operational bonuses to date. In 2017, LBA Ware experienced notable year-over-year growth, marked by a 152 percent increase in total compensation processed and a 130 percent increase in the number of lenders using LOS Talker, the company's systems integration solutions technology.

"It is truly an honor to be recognized alongside the exceptional cast of mortgage professionals who have been recognized by MPA's Hot 100," said Brewer. "I'm proud of LBA Ware for delivering a product which has directly benefited our clients by drastically improving their operational efficiency and reducing their back-office costs while also empowering them to maximize the effectiveness of their incentive comp plans."

This marks the sixth year that MPA's Hot 100 will recognize today's most influential mortgage professionals. Award honorees are nominated by peers and recognized as top "movers and shakers" within the professional mortgage sphere. MPA's 2018 Hot 100 list will be featured in the magazine's February issue. To see the full list of winners, visit https://m.mpamag.com/contents/e-magazine.aspx?id=91568.

About LBA Ware:

Founded in 2008 and headquartered in Macon, GA, LBA Ware(TM) is a software development company transforming the way mortgage lenders make the American dream of homeownership a reality. As the self-proclaimed masters of problem solving, our mission is to inspire opportunity by delivering solutions that become essential to the way mortgage companies operate. Our applications automate traditionally manual business processes for which an existing software solution does not exist, empowering lenders to create an integrated software environment that maximizes their productivity and operational efficiency.

For more information about LBA Ware and their software solutions, visit http://lbaware.com.

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Business, Free News Articles, Software

LBA Ware’s CompenSafe Hits $1 Billion in Lifetime LO Compensation Calculations

MACON, Ga. -- LBA Ware(TM), a leading provider of automated compensation software and systems integration solutions for mortgage lending and retail banking, announced their sales incentive platform CompenSafe calculated $1 billion in lifetime origination commissions and operational bonuses in 2017. LBA Ware also experienced notable year-over-year growth, marked by a 152 percent increase in total compensation processed and a 130 percent increase in the number of lenders using LOS Talker, the company's systems integration solution.

"2017 has been a year of extraordinary achievement for LBA Ware, marked by more than 100 percent growth for both CompenSafe and LOS Talker, and by reaching the $1 billion mark in compensation calculated by CompenSafe, we're now proud members of the 'three comma club," said Lori Brewer, CEO of LBA Ware. "Our clients' success is our success. We provide the go-to platform for incentive compensation, sales performance and actionable insights on which to build a lasting company with motivated, informed and empowered individuals."

In addition to new business growth, LBA Ware has also charted excellent helpdesk and training statistics in 2017. The company averaged a 96 percent approval for help desk tickets solved and responded to 80 percent of helpdesk tickets within 24 hours, and company staff received 1,122 hours of internal training.

"LBA Ware has set itself apart as a company that knows the mortgage industry from the ground up and truly understands what our clients expect and need from our solutions," said Brewer. "Our commitment to providing staff with internal training and offering customers with top-notch support continues to drive the success of our larger strategy to grow business by administering a seamless user experience and delivering superior customer satisfaction. We will continue to prioritize our customers by investing in staff training as growth and need demand."

About LBA Ware:

Founded in 2008, LBA Ware's mission is to inspire opportunity by delivering solutions that become essential to the way mortgage companies operate. We strive to be a trusted partner and play a key role in our clients' success by enabling them to motivate, incentivize and better leverage the human potential within their organization. Our applications automate traditionally manual business processes for which an existing software solution does not exist, empowering lenders to create an integrated software environment that maximizes their productivity and operational efficiency.

For more information about LBA Ware and their software solutions, visit http://lbaware.com.

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