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April 19, 2004

Netupdate, Inc. and Del Mar Database Form Referral Partnership
--Loan professionals have a greater array of professional tools through new partnership --

Bellevue, WA - Netupdate, Inc., a leading provider of point-of-sale technology for the mortgage industry, announced a referral partnership with Del Mar Database, a provider of innovative, performance enhancing software to the mortgage industry. This partnership provides each company with the ability to promote each other’s prospects and clients with a best-of-breed solution specific to mortgage lenders needs. 

Originator Pro is a powerful Web-based point of sale system that provides integration to your loan origination system. Originator Pro Version 4.0 increases mortgage loan pull-through and reduces fall out by providing access to borrower information, underwriting engines and loan product parameters instantly at point of sale. 

Mortgage professionals are now able to engage, qualify, and approve borrowers quickly and efficiently. Originator Pro gives loan officers a customized web site where borrowers can apply for loans, get pre-approved, see loan status information throughout the lending process, and securely communicate with their lender. 

Del Mar Database technology enables lenders of all sizes to fund more loans with fewer people, minimize errors using business intelligence, and generate greater profits per loan. DataTrac® connects a lender's mortgage applications to a single point of data input and management, reducing duplicate data entry and adding several layers of security that protect data integrity throughout the process.

 “Customers can now choose a robust point of sale product to compliment DataTrac®’s back office processing functions” says Diane Holmstrom, CEO of Netupdate. “Partnering with Del Mar Database, enables our two companies to better serve the market with superior technologies supporting the lending process.”

 John Walsh, president of Del Mar Database stated, “DataTrac® is unique because it doesn't require a lender to replace its existing software solutions. We believe that partnerships with “best of breed” technology providers offer our customers the ability to use leading-edge providers to increase market penetration and improve profitability."

About Netupdate
Netupdate, Inc., is a software development and services company providing solutions to mortgage lending professionals that increase loan volume and reduce costs. Netupdate’s products use the Internet to help move mortgage lenders from expensive, slow, paper-based transactions to efficient, integrated, electronic 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. Headquartered in Bellevue, WA., Netupdate is funded by Alexander Hutton Venture Partners, Greenstone Venture Partners, Irwin Ventures and Timberline Venture Partners.

For more information on Netupdate visit the company’s Web site at www.netupdate.com

About Del Mar Database (DMD)
San Diego-based Del Mar Database introduces new technologies to lenders of all sizes that leverage their existing tools to improve efficiencies, increase profitability and increase pipeline capacity. The firm's proprietary software solution, DataTrac®, enables lenders to reduce costs, generate greater profits per loan, minimize errors using business intelligence and fund more loans with fewer people. Founded in 1991, the firm's clients include mortgage lenders, brokers becoming lenders, credit unions and community banks.

For more information, visit www.delmar.com

For more information on Netupdate or Originator Pro, contact:
Sue Ellingson
Director of Marketing, Netupdate, Inc.
Toll-free: 800.593.9492
Fax: 425.799.9100
marketing@netupdate.com

© 2004 Netupdate, Inc. All rights reserved. Netupdate, Originator Pro, Loanupdate and Netupdate.com are trademarks of Netupdate, Inc. All other marks are owned by their respective entities.