Myers Internet, Inc. Forms Strategic Alliance with Basis100

OriginatorNetwork users can now order Solimar

Valuation Technology property valuations online



Apr 19, 2001, 01:00 ET from Basis100 Inc.

    SAN FRANCISCO, April 19 /PRNewswire/ - Myers Internet, Inc., a leading
 provider of Internet infrastructure to the mortgage industry, and Basis100
 (TSE: BAS) announced today at the annual Mortgage Bankers Association's
 Technology Conference that Myers now offers Basis100's Solimar Valuation
 Technology automated valuations to its 2,000 Myers OriginatorNetwork clients.
     OriginatorNetwork offers a single interface to more than 2,000 mortgage
 companies comprised of more than 10,000 originators that currently use Myers'
 Web hosting and lead generation services. Using OriginatorNetwork, mortgage
 originators will be able to streamline their loan approval and submission
 process by ordering credit reports, appraisal, title and other related
 services online. Originators will also be able to search wholesale rates from
 more than 50 leading wholesale lenders to find the best loan for their
 customers.
     Basis100 offers current market value estimations for residential
 properties on OriginatorNetwork. These valuations are suitable for use in a
 variety of contexts from loan origination to secondary marketing and loan
 servicing. Using OriginatorNetwork, mortgage originators can streamline their
 loan approval and submission processes by ordering property valuations online.
     "As an Internet home base for thousands of mortgage originators, Myers
 OriginatorNetwork brings together the industry's leading lender resources in
 one place," said Basis100 Chairman and CEO Gary Bartholomew. "The addition of
 Solimar Valuation Technology to the OriginatorNetwork service offering
 provides us with a new delivery channel, exposing our technology to more than
 10,000 potential new customer relationships."
     Once a user of Myers OriginatorNetwork has selected Basis100 to provide a
 property valuation, Basis100 matches the subject property to its database to
 execute the valuation process. A successful valuation immediately returns a
 comprehensive report online indicating the current market value, highest and
 lowest reasonable prices, near neighborhood average and comparable sales data,
 census tract, county, lot size, living area, number of bedrooms, baths,
 stories, year built, last sale data and more. The user can add comments to the
 report and route the document to a local printer.
     "Unlike other broker portals that offer simple navigation links, we
 believe in providing completely integrated, seamless solutions to our
 clients," said Warren Myer, Chief Executive Officer of Myers Internet, Inc.
 "By providing interfaces with a variety of vendors in all of the possible
 mortgage peripherals, we have made OriginatorNetwork a one-stop source for
 brokers. Basis100 has been leading the industry in adopting technology to
 streamline the property valuation process and it makes a welcome addition to
 OriginatorNetwork."
 
     About Myers Internet, Inc.
     Myers Internet, Inc. is the leading provider of Internet infrastructure
 to the mortgage industry. Myers' solutions allow for a completely electronic
 transaction, connecting consumers with originators and originators with
 lenders and service providers. Using Myers' Webwiz technology, an originator
 can build a state-of-the-art customized Web site in minutes. Myers
 OriginatorNetwork enables originators to shop rates, process loans and connect
 to lenders electronically, resulting in faster processing and reduced costs.
 Myers electronic community is comprised of 2,000 brokerage companies with more
 than 10,000 originators. Its premier Web sites, OriginatorNetwork.com,
 BestRate.com and LoanApp.com are among the best-known mortgage-related sites.
 For more information visit www.myersinternet.com or call (408) 428-9960.
 
     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 19 /PRNewswire/ - Myers Internet, Inc., a leading
 provider of Internet infrastructure to the mortgage industry, and Basis100
 (TSE: BAS) announced today at the annual Mortgage Bankers Association's
 Technology Conference that Myers now offers Basis100's Solimar Valuation
 Technology automated valuations to its 2,000 Myers OriginatorNetwork clients.
     OriginatorNetwork offers a single interface to more than 2,000 mortgage
 companies comprised of more than 10,000 originators that currently use Myers'
 Web hosting and lead generation services. Using OriginatorNetwork, mortgage
 originators will be able to streamline their loan approval and submission
 process by ordering credit reports, appraisal, title and other related
 services online. Originators will also be able to search wholesale rates from
 more than 50 leading wholesale lenders to find the best loan for their
 customers.
     Basis100 offers current market value estimations for residential
 properties on OriginatorNetwork. These valuations are suitable for use in a
 variety of contexts from loan origination to secondary marketing and loan
 servicing. Using OriginatorNetwork, mortgage originators can streamline their
 loan approval and submission processes by ordering property valuations online.
     "As an Internet home base for thousands of mortgage originators, Myers
 OriginatorNetwork brings together the industry's leading lender resources in
 one place," said Basis100 Chairman and CEO Gary Bartholomew. "The addition of
 Solimar Valuation Technology to the OriginatorNetwork service offering
 provides us with a new delivery channel, exposing our technology to more than
 10,000 potential new customer relationships."
     Once a user of Myers OriginatorNetwork has selected Basis100 to provide a
 property valuation, Basis100 matches the subject property to its database to
 execute the valuation process. A successful valuation immediately returns a
 comprehensive report online indicating the current market value, highest and
 lowest reasonable prices, near neighborhood average and comparable sales data,
 census tract, county, lot size, living area, number of bedrooms, baths,
 stories, year built, last sale data and more. The user can add comments to the
 report and route the document to a local printer.
     "Unlike other broker portals that offer simple navigation links, we
 believe in providing completely integrated, seamless solutions to our
 clients," said Warren Myer, Chief Executive Officer of Myers Internet, Inc.
 "By providing interfaces with a variety of vendors in all of the possible
 mortgage peripherals, we have made OriginatorNetwork a one-stop source for
 brokers. Basis100 has been leading the industry in adopting technology to
 streamline the property valuation process and it makes a welcome addition to
 OriginatorNetwork."
 
     About Myers Internet, Inc.
     Myers Internet, Inc. is the leading provider of Internet infrastructure
 to the mortgage industry. Myers' solutions allow for a completely electronic
 transaction, connecting consumers with originators and originators with
 lenders and service providers. Using Myers' Webwiz technology, an originator
 can build a state-of-the-art customized Web site in minutes. Myers
 OriginatorNetwork enables originators to shop rates, process loans and connect
 to lenders electronically, resulting in faster processing and reduced costs.
 Myers electronic community is comprised of 2,000 brokerage companies with more
 than 10,000 originators. Its premier Web sites, OriginatorNetwork.com,
 BestRate.com and LoanApp.com are among the best-known mortgage-related sites.
 For more information visit www.myersinternet.com or call (408) 428-9960.
 
     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.