IMX Announces Record Quarter: IMX, Inc. Has Largest New Lender Participation, Integration, and Volume Quarter in its History

Houston, TX, April 23, 2003 - IMX, Inc., a leading provider of technology solutions for the mortgage industry, announced record growth in its IMX ExchangeŽ lender member base, Exchange transactions and private label technology sales.

In the first quarter ending March 31, liquidity on IMX Exchange totaled $1.99 billion, with the most successful lender on the Exchange for the first quarter procuring some $770 million in new loans. The company finalized contracts with 11 new lenders during the quarter. This includes Exchange contracts with Impac Lending Group, NovaStar Mortgage, First National Bank of Arizona, and SCME, plus Private Label software agreements with Mortgage Advisory Council of America, Guild Mortgage, General Mortgage Corp. of America, and Harbouton Mortgage Corp. In addition, the company inked a deal with eTrafficers.com whereby IMX will power mortgage product and rate information for eTrafficers' 1,600 users.

"We are delighted to see the continued growth and adoption of IMX Exchange and our Private Label products," said Chad Neel, President and Chief Executive Officer of IMX. The company is successfully growing its product lines and extending its distribution through various alliance partners, and we are seeing the return on these efforts."

Jay Fredlund, Vice President of Correspondent Lending/eBroker for Webster Bank, added, "Webster went live on the Exchange in February 2003, and we are very pleased with the rapid growth we have seen in production through that channel. With very low start-up costs and highly variable production costs, we see IMX Exchange as a great procurement channel for Webster Bank".

Neel added, "The Company has recently closed the books for the fifth consecutive quarter reflecting quarter-over-quarter revenue growth. With increasing Private Label technology sales, rapidly growing IMX Exchange membership, and the recent and impending launches of several new alliance partnerships, we are thrilled with our positioning and look forward to continued rapid growth."

About IMX, Inc.

IMX, Inc., based in Houston, Texas, is a leading provider of software solutions for the mortgage industry. IMX offers a comprehensive suite of workflow tools that enable mortgage lenders and originators to communicate and conduct business quickly and efficiently, online. All the Company's products deliver real-time, fully-adjusted pricing to any user with browser access.

IMX is dedicated to helping mortgage professionals apply the efficiencies of Internet technology to their already-existing daily business processes. IMX's innovative and patented pricing technology delivers unmatched product discovery for brokers and retail branches, and advanced web-enabled distribution channels for lenders. For more information about IMX, please visit www.imx.com or call (800) 401-4639.


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