Mortgage.com and MindBox Partner

Mortgage.com a leader in business-to-business online home financing solutions, and MindBox Inc, a leading provider of artificial intelligence solutions for the financial services industry, announced a strategic alliance to jointly develop key components of Mortgage.com's electronic mortgage transaction platform.

As part of the agreement, Mortgage.com and MindBox will develop a series of intelligent components to improve the efficiency of Mortgage.com's automated Internet lending platform by forward integrating and automating lending processes. Improving the quality and relevance of information and services provided to users during their interaction with the site will increase the ratio of sales to visitors for existing and potential customers and reduce reliance on human interaction. A recent report on Online Financial Services issued by USBancorp Piper Jaffray indicated that Mortgage.com "is far and away the most efficient loan acquirer" compared to its peers. The new system expands Mortgage.com's industry leading value proposition by further automating offline processes and expanding online usage, while simultaneously reducing customer acquisition and transaction processing costs. The companies have targeted the end of 2000 for initial deployment.

"Today's agreement with MindBox propels Mortgage.com to the next level in developing Internet technologies that are responsive, intelligent and interactive," said Jack Rodgers, executive vice president of Mortgage.com. "Through this strategic partnership, combined with our other efforts, we're raising the bar far above online marketing and application taking to true end-to -end process automation. Once again we are reinforcing our commitment to providing the best in class solution for our partners."

MindBox Inc, formerly the custom solutions division of Brightware Inc, is well known in the financial services industry for developing award winning and commercially successful applications. Examples of these systems include HomeSide's Good Faith Estimator, Workflow Engine and Fast Refi Engine; Countrywide Home Loan's CLUES; and several underwriting systems at Fannie Mae. The company's client list is a veritable who's who of financial services companies including Upland Mortgage, American Express and GE Capital Corp.

"Our strategic partnership with an Internet innovation leader such as Mortgage.com validates MindBox's technology for creating and integrating frontend client interactions on the Web with back-office operations," said Richard Barfus, president and CEO of MindBox Inc. "We are looking forward to a very productive long-term relationship with Mortgage.com."

About Mortgage.com

Mortgage.com was founded in 1994 and is based in Sunrise, Florida. Mortgage.com is a pioneer in online mortgage banking. Mortgage.com is dedicated to reducing the cost of mortgage origination and funding by supplying financial institutions, Realtors and homebuilders with point-of-sale and Internet technology, business management, loan processing, call center and mortgage funding capabilities. The company's business-to-business customer list includes GE Capital Mortgage Services, TD Waterhouse, Prudential California Realty, Arvida Home Builders and Fannie Mae.

About MindBox Inc

Based in Greenbrae, California, MindBox Inc is a worldwide leader in providing artificial intelligence applications to automate complex business and operations processes for the financial services industry. The company develops and markets innovative software and consulting solutions that leverage industry and internal best practices to deliver multi-channel, intelligent solutions designed to optimize client interactions. For more information, please visit MindBox's Web site at www.MindBox.com or call 877-650-MIND (6463).

Contact Kristine Blomkvest of Mortgage.com, 925-974-5425 or Paige Mazzoni of MindBox Inc, 415-785-3050.