"Our products were developed by lenders and lawyers, for use bylenders and lawyers," says Katheryne L. Zelenock, e-Cognita'spresident and CEO. "[It] provides a means to fully underwrite andclose the loans, communicate with and integrate all of the duediligence parties necessary to close a loan."

As part of their development process, e-Cognita's products havebeen used to close more than $1 billion of commercial real estateloans. "We've been able to automate more than half of the tasks onboth the legal and lending sides," says Daniel Bober, president ofBloomfield Acceptance Co. and co-chairman of e-Cognita.

e-Cognita was founded by Bober, Zelenock and James A. Simpson.The company was financed with more than $2 million in seed capitaland has begun actively raising venture capital to finance furtherexpansion this year. Zelenock is an attorney specializing in realestate and commercial finance, mergers and acquisitions, corporatecounseling, and commercial litigation. Simpson, who also serves asco-chairman, represents lenders and borrowers in connection withcommercial and mortgage loans.