IMX, Inc. Achieves Record Growth

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

Loan Transactions Completed



Apr 04, 2001, 01:00 ET from IMX, Inc.

    SAN RAMON, Calif, April 4 /PRNewswire/ -- 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(R), 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 or call 800-401-4639.
 
 

SOURCE IMX, Inc.
    SAN RAMON, Calif, April 4 /PRNewswire/ -- 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(R), 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 or call 800-401-4639.
 
 SOURCE  IMX, Inc.