IMX, Inc. Boasts Record Volume in January

Liquidity and Trading on IMX Exchange Reach Highest Levels in Company History

SAN RAMON, Calif. - Feb. 7, 2001 - IMX, Inc. today announced record results for January 2001. Both liquidity and trading volume reached all-time highs on the IMX Exchange, the largest loan trading network for mortgage brokers and lenders.

Liquidity on IMX Exchange for January 2001 was the largest for any month in IMX history, with more than $578 million in broker wholesale loans posted to the Exchange for purchase by member lenders, up from $233 million posted in January 2000. This represents a 148% increase for the 12-month period.

January trading activity also reached one of the highest levels in company history. IMX Exchange members conducted more than $120 million in transactions in January, up 131% from the same period last year. More than $400 million in loans is available for electronic pricing and locking on IMX's web-based platform every day.

The company also noted that, on February 1, 2001, more loans were traded on IMX Exchange than in any other day in company history.

"We attribute our impressive growth numbers to a combination of factors," said Richard Wilkes, President and CEO of IMX, Inc. "First, in a refinance market, we expect to see increased activity. More significantly, the number of brokers actively using the Exchange to fund their loans is rising, resulting in a greater number of postings. Plus, we continue to add quality lenders to our membership, which results in more closed loans and raises the overall efficiency of the Exchange."

Strong Membership Nationwide
Today, nearly 10,500 mortgage originators, representing 2600 mortgage brokerages in 47 states, use IMX Exchange to price and lock loans quickly and easily. This is a 101% increase from year-end 1999.

The number of lenders actively trading on IMX has grown rapidly, including five of the top 10 wholesale mortgage lenders. A total of 43 national, regional and local lenders are Exchange members.

Introduction of New Products
Recently, IMX introduced IMX RateSearch(SM), the first of a comprehensive suite of workflow tools that leverage IMX's patented matching and pricing technology. The RateSearch solution lets mortgage professionals quickly search and compare lenders' rates and send an online lock request form or a request for broker approval by a lender. It is the first IMX product available to both members and non-members of the Exchange, and can be accessed for free at www.imx.com.

Additionally, IMX has introduced a private label version of its patented pricing and matching web application for wholesale lenders wanting to connect and transact business with their approved brokers on the Internet. The IMX Private Label system enables lenders to provide pricing and locking in real time while maintaining their brand identity and customer bases. The product will be hosted by IMX, relieving lenders of internal management of system operations and upgrades.

About IMX, Inc.

Based in San Ramon, Calif., IMX, Inc. is the leading provider of software solutions for the mortgage market. IMX offers a comprehensive suite of workflow tools that enable mortgage lenders and originators to communicate and conduct business quickly and efficiently, online.

The IMX Exchange^®, brings together mortgage brokers and lenders in an online trading community that reduces the time and cost required for search, comparison, pricing, and locking of mortgage loan transactions. IMX loan trading technology is protected by U.S. Patent No. 5,995,947 and other applicable Intellectual Property rights. For more information about IMX, please visit www.imxexchange.com or call (800) 401-4639.

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