E-LOAN Uses Basis100 Technology to Help Homeowners Determine the Value of Their Homes Online

Apr 18, 2001, 01:00 ET from Basis100 Inc.

    SAN FRANCISCO, April 18 /PRNewswire/ - Basis100 Inc. (BAS:TSE), a leading
 e- commerce technology solutions provider for the financial services industry,
 announced today at the Mortgage Banker's Associations Mortgage Technology
 Conference that it has signed an agreement with E-LOAN, a leading online
 lending company, to make Solimar valuations available to homeowners visiting
 its Web site.
     In keeping with its tradition of providing consumers with the best debt
 management tools available, E-LOAN is providing homeowners access to their
 personal Solimar Value via an abbreviated Solimar Technology home valuation
 tool. Direct from the E-LOAN Tools and Calculators page, homeowners can enter
 their address and receive a Solimar valuation on their home. The complimentary
 Solimar valuation report provides the property's highest and lowest reasonable
 values, the two most recent sale dates and prices, the last assessed value on
 the home and sales information for three additional neighborhood properties.
     "As an innovative online lender, E-LOAN not only provides flexible
 financing options to consumers, it also empowers consumers with the tools to
 help them make informed financial decisions," said Basis100 Chairman and CEO
 Gary Bartholomew.
     Solimar Technology is most frequently used by lenders during the loan
 origination process and is currently used by more than 650 lending
 institutions in the United States, including eight of the top ten equity
 lenders, Accessed via the Internet, Solimar Technology is property-specific
 and values each home using a combination of methodologies. An accurate
 estimated value of the home is provided in less than 10 seconds.
 
     About E-LOAN, Inc.
     E-LOAN, Inc., a leading online lending company, offers consumer loans and
 debt management services online at www.eloan.com. E-LOAN has reinvented the
 consumer loan process by offering a broad choice of products from many lenders
 for mortgages, home equity loans, auto loans, credit cards and small business
 loans in a secure online environment, combined with comprehensive personal
 service from dedicated loan consultants. Through the fourth quarter of 2000, E-
 LOAN originated over $3.7 billion in consumer loans. The company's loan
 processing centers are located in Dublin, CA and Jacksonville, FL. E-LOAN,
 Inc. is publicly traded on the NASDAQ system under the symbol EELN.
 
     About Basis100
     Basis100 is a leading e-commerce technology solution provider for
 financial institutions and service providers enabling them to build,
 distribute, buy and sell their products and services in new ways. Basis100 is
 focused on the mortgage origination, consumer credit, fixed income trading,
 and service vendor markets across North America. For more information about
 Basis100, visit www.basis100.com.
 
     Forward-looking (safe harbor) statement
 
     Statements made in this news release that relate to future plans, events
     or performances are forward-looking statements. Any statement containing
     words such as "believes", "plans", "expects" or "intends" and other
     statements which are not historical facts contained in this release are
     forward-looking, and these statements involve risks and uncertainties and
     are based on current expectations. Consequently, actual results could
     differ materially from the expectations expressed in these forward-
     looking statements.
 
 
 

SOURCE Basis100 Inc.
    SAN FRANCISCO, April 18 /PRNewswire/ - Basis100 Inc. (BAS:TSE), a leading
 e- commerce technology solutions provider for the financial services industry,
 announced today at the Mortgage Banker's Associations Mortgage Technology
 Conference that it has signed an agreement with E-LOAN, a leading online
 lending company, to make Solimar valuations available to homeowners visiting
 its Web site.
     In keeping with its tradition of providing consumers with the best debt
 management tools available, E-LOAN is providing homeowners access to their
 personal Solimar Value via an abbreviated Solimar Technology home valuation
 tool. Direct from the E-LOAN Tools and Calculators page, homeowners can enter
 their address and receive a Solimar valuation on their home. The complimentary
 Solimar valuation report provides the property's highest and lowest reasonable
 values, the two most recent sale dates and prices, the last assessed value on
 the home and sales information for three additional neighborhood properties.
     "As an innovative online lender, E-LOAN not only provides flexible
 financing options to consumers, it also empowers consumers with the tools to
 help them make informed financial decisions," said Basis100 Chairman and CEO
 Gary Bartholomew.
     Solimar Technology is most frequently used by lenders during the loan
 origination process and is currently used by more than 650 lending
 institutions in the United States, including eight of the top ten equity
 lenders, Accessed via the Internet, Solimar Technology is property-specific
 and values each home using a combination of methodologies. An accurate
 estimated value of the home is provided in less than 10 seconds.
 
     About E-LOAN, Inc.
     E-LOAN, Inc., a leading online lending company, offers consumer loans and
 debt management services online at www.eloan.com. E-LOAN has reinvented the
 consumer loan process by offering a broad choice of products from many lenders
 for mortgages, home equity loans, auto loans, credit cards and small business
 loans in a secure online environment, combined with comprehensive personal
 service from dedicated loan consultants. Through the fourth quarter of 2000, E-
 LOAN originated over $3.7 billion in consumer loans. The company's loan
 processing centers are located in Dublin, CA and Jacksonville, FL. E-LOAN,
 Inc. is publicly traded on the NASDAQ system under the symbol EELN.
 
     About Basis100
     Basis100 is a leading e-commerce technology solution provider for
 financial institutions and service providers enabling them to build,
 distribute, buy and sell their products and services in new ways. Basis100 is
 focused on the mortgage origination, consumer credit, fixed income trading,
 and service vendor markets across North America. For more information about
 Basis100, visit www.basis100.com.
 
     Forward-looking (safe harbor) statement
 
     Statements made in this news release that relate to future plans, events
     or performances are forward-looking statements. Any statement containing
     words such as "believes", "plans", "expects" or "intends" and other
     statements which are not historical facts contained in this release are
     forward-looking, and these statements involve risks and uncertainties and
     are based on current expectations. Consequently, actual results could
     differ materially from the expectations expressed in these forward-
     looking statements.
 
 
 SOURCE Basis100 Inc.