FOR IMMEDIATE RELEASE February 28, 2003 Netupdate Contact: Michael Korch (425) 605-2778 michael.korch@netupdate.com Ignition Contact: Jeff Perkins (415) 381-6311 jperkins@ignitionmts.com IGNITION SELECTS NETUPDATE'S ORIGINATOR PROSM AS PREFERRED POINT-OF-SALE SYSTEM FOR ITS LOAN OFFICER PLUS® CUSTOMER BASE Bellevue, WA and Sausalito, CA, February 28, 2003 - Netupdate, Inc., a premier mortgage software services company, today announced that Ignition Mortgage Technology Solutions, Inc. has selected Originator Pro as the preferred origination system for its Loan Officer Plus Migration Program. Under this agreement, Netupdate will support Ignition's Loan Officer Plus customers with the key activities necessary to successfully transition from Loan Officer Plus to Originator Pro, Netupdate's flagship Point-Of-Sale System for Mortgage Professionals. The Program is built on an implementation plan that incorporates data migration, software installation, and product training with the least amount of impact to the lender's back-office operations. Ignition developed and supported Loan Officer Plus since 1992. Ignition decided to retire Loan Officer Plus at the end of 2002 so it could focus on the company's suite of enterprise-wide, mission-critical product and pricing and pipeline risk management technology solutions. "We're extremely honored to be selected by Ignition as its partner to care for the Loan Officer Plus family of customers" said Diane Holmstrom, Netupdate's Chief Executive Officer. "Our selection is another data point that validates the direction Netupdate took three years ago in designing a unique Web-delivered point-of-sale system that brings together the loan officer, borrower, and real estate agent." "We're very enthusiastic about this agreement and the positive benefits for our Loan Officer Plus users, and the opportunities to offer Originator Pro to lenders that need or use LockPoint Xtra®" said Jim Taylor, Ignition's Executive Vice President/Chief Operating Officer. "We share Netupdate's vision for Originator Pro to become the premiere point-of-sale origination system, and this Migration Program is an important first step in forming a long-term strategic relationship between the two companies." For more information about the Loan Officer Plus Migration Program, visit www.netupdate.com/LOP, or call Netupdate at 1-800-593-9491. About Netupdate Netupdate, Inc. (www.netupdate.com) is a software services company providing solutions that enable people to work together online, significantly reducing the time, cost, and complexity of mortgage industry transactions. Netupdate's tools extend mission-critical business applications onto the Internet, moving lenders from expensive, slow, paper-based transactions to efficient, integrated transactions. By allowing each person involved in the lending transaction to interactively share information and documents, and to communicate in a managed fashion, Netupdate solutions reduce transaction time, streamline back-office processes, and provide improved borrower satisfaction. About Ignition Ignition Mortgage Technology Solutions, Inc. is a Freddie Mac company dedicated to expanding home ownership in America. Ignition provides products that enable lenders to integrate their loan origination with the secondary market, leading to increased loan productivity and efficiency for the mortgage banking industry. More information on Ignition can be found at http://www.ignitionmts.com. ###