Loan mortgage online trading

Business Editors/Hi-Tech Writers

FREDERICK, Md.--(BUSINESS WIRE)--Feb. 28, 2001

Ultraprise Corporation announced today the launch of ULTRAPRISE.COM Community, a portal created specifically to meet the needs of secondary market mortgage executives.

ULTRAPRISE.COM Community offers a broad array of resources and services to more than 800 registered members, such as aggregating loan-trading data and organizing financial news feeds.

In addition, it features real-time information on loans posted for sale on the site, as well as daily market rates that provide critical information on Federal National Mortgage Association (FNMA), Federal Home Loan Mortgage Corporation (FHLMC), and Government National Mortgage Association (GNMA) securities.

ULTRAPRISE.COM Community presents timely industry news to keep members informed, and Internet links to financial services, governmental and trade group Web sites, online ULTRAPRISE.COM training, and CampusMBA, the main educational arm for the Mortgage Bankers Association of America, to put market knowledge at users' fingertips.

"We're providing our members with the market color they need to stay abreast of a constantly changing market, enabling them to make faster and better online trades," said John Bourne, Ultraprise Corporation CEO and president.

"Most of our members do not have access to the market information they need to ensure they can achieve the best trade," said Bourne. "By providing this information we become integral to members' trading activity."

A second release of ULTRAPRISE.COM Community is planned for Q2 2001 and will enhance the information portal and add more community building tools including industry forums, online events and integrated real-time chat.

About Ultraprise Corporation

Ultraprise Corporation is a technology software and service provider that focuses on the needs of the secondary mortgage market. The company's robust suite of Web-based services is available through its open exchange, ULTRAPRISE.COM, or through its private label solution.

Ultraprise Corporation's technology integrates existing corporate applications and infrastructures to automate data movement as well as enables intelligent interactions between buyers and sellers of loans. Ultraprise Corporation is the only company combining the power of the Internet with a single method for processing end-to-end secondary loan data.