ARC's AU System Process Record Volume

- Company's LT2k(TM) Helps ARC Surpass Processing Goals -



Apr 19, 2001, 01:00 ET from ARC Systems

    AUSTIN, Texas, April 19 /PRNewswire/ -- ARC Systems' LT2k, the leading
 e-commerce mortgage technology provider's automated underwriting engine,
 processed first quarter applications totaling more than $4.5 billion.  These
 first quarter figures equal 50 percent of the $9 billion processed for the
 previous calendar year.  As of April 15, applications processed totaled
 $755 million, which promises to make April another record setting month.
     "These numbers establish ARC Systems' firm position in the mortgage
 technology industry," said Ed Jones, president and CEO of the company.  "That
 is particularly important with the number of technology companies that are
 either being sold or closing their doors all together.  These volumes
 establish LT2k as the preferred means for decisioning and processing subprime
 loans.  In addition to ARC Systems' online WEB based loan origination system
 (LOS), LT2k accepts imports from major desktop LOS systems and is being used
 by lenders, correspondents, and mortgage brokers."
     All of ARC Systems' clients are ranked within the top 30 percent of the
 subprime industry. This includes both advertised clients, as well as OEM
 versions of LT2k.
     Increases in lender productivity through 30 second decisioning, speed,
 accuracy and quality control have facilitated the record producing volumes
 being experienced by ARC Systems and their clients.
 
     About ARC Systems
     Founded in 1984 as Advanced Resource Computer Systems, Inc., ARC Systems
 is a privately held company that provides lending institutions, banks and
 credit unions across the nation with the power to make fast, accurate and
 consistent decisions at the point-of-sale for risk-based pricing and credit
 evaluation.  Empowering financial institutions with the ability to make better
 business decisions, the company's proprietary, patent-pending, rules-based
 system is used by lenders providing their customers, correspondents and
 brokers direct access to automated underwriting and online loan origination
 system functionality.
     For more information about ARC Systems, contact Mary Tipps at
 (512) 892-5550, via email at mtipps@ARCsystems.com, or write the company at
 5316 Highway 290 West, Suite 500, Austin, Texas 78735.  The company's Web site
 can be viewed at www.ARCSystems.com.
 
      Contact:  Ms. Mary Tipps           Ms. Charlyne H. McWilliams
                ARC Systems              for ARC Systems
                (512) 892-5550           (301) 933-5567
                mtipps@arcsystems.com
 
 

SOURCE ARC Systems
    AUSTIN, Texas, April 19 /PRNewswire/ -- ARC Systems' LT2k, the leading
 e-commerce mortgage technology provider's automated underwriting engine,
 processed first quarter applications totaling more than $4.5 billion.  These
 first quarter figures equal 50 percent of the $9 billion processed for the
 previous calendar year.  As of April 15, applications processed totaled
 $755 million, which promises to make April another record setting month.
     "These numbers establish ARC Systems' firm position in the mortgage
 technology industry," said Ed Jones, president and CEO of the company.  "That
 is particularly important with the number of technology companies that are
 either being sold or closing their doors all together.  These volumes
 establish LT2k as the preferred means for decisioning and processing subprime
 loans.  In addition to ARC Systems' online WEB based loan origination system
 (LOS), LT2k accepts imports from major desktop LOS systems and is being used
 by lenders, correspondents, and mortgage brokers."
     All of ARC Systems' clients are ranked within the top 30 percent of the
 subprime industry. This includes both advertised clients, as well as OEM
 versions of LT2k.
     Increases in lender productivity through 30 second decisioning, speed,
 accuracy and quality control have facilitated the record producing volumes
 being experienced by ARC Systems and their clients.
 
     About ARC Systems
     Founded in 1984 as Advanced Resource Computer Systems, Inc., ARC Systems
 is a privately held company that provides lending institutions, banks and
 credit unions across the nation with the power to make fast, accurate and
 consistent decisions at the point-of-sale for risk-based pricing and credit
 evaluation.  Empowering financial institutions with the ability to make better
 business decisions, the company's proprietary, patent-pending, rules-based
 system is used by lenders providing their customers, correspondents and
 brokers direct access to automated underwriting and online loan origination
 system functionality.
     For more information about ARC Systems, contact Mary Tipps at
 (512) 892-5550, via email at mtipps@ARCsystems.com, or write the company at
 5316 Highway 290 West, Suite 500, Austin, Texas 78735.  The company's Web site
 can be viewed at www.ARCSystems.com.
 
      Contact:  Ms. Mary Tipps           Ms. Charlyne H. McWilliams
                ARC Systems              for ARC Systems
                (512) 892-5550           (301) 933-5567
                mtipps@arcsystems.com
 
 SOURCE  ARC Systems