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March 20, 2002 Irwin Mortgage Selects NetUPDATE for Wholesale Broker Solution Software Solution To Connect Irwin Wholesale With Broker Network Redmond, Washington - Irwin Mortgage, a leader in residential mortgage lending, and NetUPDATE, Inc., a premier provider of collaborative commerce tools, today announced an agreement where Irwin Mortgage will use NetUPDATE's software solution that enables secure, seamless movement of loans between a brokers' loan origination software, and Irwin Mortgage. Under the agreement, NetUPDATE will develop and deploy the software for Irwin Mortgage. "Because we pride ourselves on delivering exceptional customer service, we spent a considerable amount of time searching for the right partner to help us with a solution for our wholesale broker network," says Rob Wilson, AVP of Wholesale Internet Strategy, Irwin Mortgage. "We selected NetUPDATE not only for their ability to provide a simple and seamless way for brokers to register and track their loans with Irwin, but for their future vision of collaborative commerce in mortgage lending." "It's exciting for us to work with a world-class organization committed to using technology to provide superior customer service, such as Irwin Mortgage," notes Tom Gonser, CEO of NetUPDATE. "NetUPDATE's software platform and tools streamline and accelerate the entire mortgage loan process. By leveraging the Web to integrate disparate systems, people, services, communications and documents surrounding a mortgage loan, this solution will provide brokers with more convenient, seamless access to Irwin Mortgage." About NetUPDATE, Inc. NetUPDATE (www.netupdate.com) creates software solutions that enable people to work together in ways that reduce time for complex business transactions from weeks, to days. NetUPDATE's collaborative tools extend mission-critical business applications onto the Internet, creating efficiency, without complexity, by moving customers from expensive, slow, paper-based transactions to streamlined, electronic transactions. By allowing each person involved in the transaction to interactively share information, documents, and communication in a managed fashion, NetUPDATE solutions reduce transaction time, streamline back-office processes, and provide improved customer satisfaction. NetUPDATE's flagship product for the mortgage industry is LoanUPDATEsm (www.loanupdate.com). NetUPDATE customers and partners include National City Mortgage, Countrywide, Flagstar, Fannie Mae, Freddie Mac, DEXMA, Irwin Mortgage, Onyx Software, Sollen and The Performance Group. Headquartered in Redmond, WA, NetUPDATE is funded by Alexander Hutton Venture Partners, CBC Companies, EFund LLC, Greenstone Venture Partners, Irwin Ventures, Onyx Software and Timberline Venture Partners. About Irwin Mortgage Irwin Mortgage Corporation, formerly Inland Mortgage, is one of the nation's largest residential mortgage lenders with branch offices nationwide. Irwin focuses on serving customers who require expertise and specialized services in financing or refinancing homes in selected retail, wholesale, and Internet channels. In 2001, Irwin Mortgage helped over 72,000 families achieve the dream of homeownership. Headquartered in Indianapolis, Indiana, Irwin Mortgage is a subsidiary of Irwin Financial Corporation (NYSE: IFC, www.irwinfinancial.com).
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