IMX, Inc. Achieves Record Growth

$1.6 Billion New Loans Offered in Q1 2001; Nearly $400 Million in Wholesale Loan Transactions Completed

SAN RAMON, Calif. - Apr. 4, 2001 - IMX, Inc. today announced that its loan trading network, IMX Exchange, achieved record levels in liquidity and trading volume for first quarter 2001.

Liquidity on IMX Exchange was the largest for any quarter in company history, with more than $1.6 billion in broker wholesale loans posted to the Exchange for purchase by member lenders, up from $875 million posted in first quarter 2000. This represents an 83 percent increase for the 12-month period. Nearly $500 million in loans is available for electronic pricing and locking on IMX's web-based platform each day, compared to $300 million a year ago.

Quarterly trading activity also reached an all-time high. IMX Exchange members conducted some $400 million in transactions, up 80 percent from the same period last year.

In a month-over-month comparison, March trading activity reached the highest level in company history. IMX Exchange members conducted more than $149 million in transactions in March, up 73 percent from the same period in 2000. Since launching its marketplace in October 1997, over $3 billion in loan volume has traded on the Exchange.

The company's other products, which include real-time fully-adjusted product and pricing engines for lenders, also are gaining sales and application traction.

"We have worked hard over the last 6 months to improve the functionality of our products. Recent software enhancements have made IMX Exchange easier to use, with product discovery and pricing capabilities previously not possible," said Chad Neel, Senior Vice President and Chief Administrative Officer of IMX, Inc. "Consequently, activity on the Exchange has increased dramatically."

Strong Membership Nationwide
Today, over 10,600 mortgage originators, representing 2660 mortgage brokerages in 47 states, use the IMX Exchange to price and lock loans quickly and easily, a 73 percent increase from first quarter 2000.

The number of lenders actively trading on IMX has grown as well, including five of the top 10 wholesale mortgage lenders. A total of 37 national, regional and local lenders are active Exchange members.

New Product Roll Out
"We plan to take full advantage of the momentum of these last few months as we move into the second quarter," Neel added. "While we remain focused on expanding the membership and product depth of the Exchange, we also are bringing to market our newest products: IMX RateSearch and IMX Private Label Pricing System. Therefore, we expect strong results in the upcoming quarters as well."

IMX's newest products, IMX RateSearch and IMX Private Label Pricing System, leverage the same patented matching and pricing technology that powers the Exchange. The RateSearch solution lets mortgage professionals quickly search and compare lenders' rates and send an online lock request form or a request for broker approval by a lender. The IMX Private Label system enables lenders to provide online pricing and locking to their loan officers, brokers, and correspondents in real time while maintaining their brand identity and customer bases. IMX products are Web-based, and reside on a Java-Oracle-Sun platform.

About IMX, Inc.

Based in San Ramon, Calif., IMX, Inc. is the leading provider of software solutions for the mortgage market. The company offers a comprehensive suite of workflow tools that enable mortgage lenders and originators to communicate and conduct business quickly and efficiently, online.

The IMX Exchange^®, brings together mortgage brokers and lenders in an online trading community that reduces the time and cost required for search, comparison, pricing, and locking of mortgage loan transactions. IMX loan trading technology is protected by U.S. Patent #5,995,947 and other applicable Intellectual Property rights. For more information about IMX, please visit www.imx.com or call (800) 401-4639.

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