Byte Enterprises Introduces TQSPlus Version 4.0.

SEATTLE--(BUSINESS WIRE)--July 14, 1999--

New programs and interfaces maximize use of software and

provide faster, more efficient loan processing for brokers

Byte Enterprises announced the availability of the latest version of its flagship product, TQSPlus(tm) 4.0. Formerly known as The Qualifier Series(tm), version 4.0 features two new programs, TQS Market Manager(tm) and Video Bytes(tm).

The system also includes six new interfaces including access to Fannie Mae's MortgageLinks(tm) Credit Connection service and the latest version of Desktop Underwriter(r), which utilizes Fannie Mae's open systems architecture; Freddie Mac's Loan Prospector on the Internet; SourceRates.com; Countrywide Home Loans Inc. and Mortgage Guarantee Insurance Corporation (MGIC). TQSPlus provides faster, more efficient and user-friendly loan processing for mortgage bankers and brokers.

Byte Enterprises is a national provider of mortgage origination software, providing seamless interfaces and automation to more than 6,400 mortgage bankers and brokers. Byte's TQSPlus streamlines the entire lending process, from pre-qualification to closing, and performs all functions, calculations and steps in the loan process. These new interfaces further reduce redundant data entry and ensure accuracy, leading the user through each step of the loan with point-and-click ease.

Version 4.0's TQS Market Manager is an integrated contact management program linked directly to the user's contact database. The program stores business lead information, eliminating the re-keying of contact information when a prospect becomes a client. Also included in TQSPlus is Video Bytes, the company's new CD-ROM-based training program. Developed by a company with more than fifteen years mortgage lending and educating experience, New Vision Productions, Video Bytes teaches users how to maximize the TQSPlus system at no additional cost.

According to New Vision Productions company officials, Video Bytes provides users with a clear curriculum that will lead to enhanced software productivity and makes TQSPlus as easy to learn as it is to use.

The new MGIC interface will enable loan officers to take applications and get instant PMI approvals by connecting directly to MGIC's Web site. MGIC, the nation's leading private mortgage insurance company, insures more than 1.3 million home mortgages totaling $138 billion.

TQSPlus also includes a link to Fannie Mae's MortgageLinks Credit Connection service. The link allows Byte customers to quickly reach Fannie Mae's origination services, including credit transactions and in the future, access to appraisal, flood and title services.

Fannie Mae's new open systems architecture, also incorporated into TQSPlus, enables users to connect and submit request forms directly to Fannie Mae's Desktop Underwriter. Byte's new link will simplify and accelerate the loan origination process and allow customers access to Fannie Mae's new and varied services through a common interface. Fannie Mae's open systems architecture minimizes the need for customers to develop and implement new software when Fannie Mae makes new services available.

TQS AU-Express, an automated underwriting tool and interface component developed in conjunction with Freddie Mac, will also be included in the new version. The service allows access to Freddie Mac's Loan Prospector on the Internet, providing originators with on-line help and highly detailed feedback.

TQSPlus includes access to SourceRates.com's Web site. The national Web-service provides mortgage professionals with sub-prime rate and product information via the Internet. The site enables mortgage brokers to enter detailed loan parameters into a user-friendly format and also includes state-by-state appraisal and title directories.

An interface connecting to Countrywide Home Loans Inc. is also included in TQSPlus. Countrywide Home Loans is the nation's leading independent residential mortgage lender and service provider. The company makes first-lien and second-lien residential loans, refinances current mortgages, and issues home equity lines of credit.

Dale Eisenhart, president of Byte Enterprises said, "We definitely had the user in mind when we built TQSPlus. Version 4.0 offers several new advantages that together form the most comprehensive mortgage origination solution available."

About Byte Enterprises

Headquartered in Seattle, Byte Enterprises is one of the nation's largest providers of lending software and solutions for the mortgage industry. With an installed user base of more than 6,400, Byte's flagship product, TQSPlus(tm), formerly The Qualifier Series, provides comprehensive processing for mortgage origination, underwriting and closing to mortgage bankers, brokers and financial institutions nationwide. Founded in 1986, Byte customers include National Bank of Arizona, Commercial Mortgage Corporation of California, NationsBanc Mortgage of South Carolina, and National City Mortgage.

For more information on Byte Enterprises or The Qualifier Series, write Byte Enterprises, Inc., 7023 NE 175th Street, Suite H, Kenmore, WA 98028; or call toll-free at [phone]. Visit their Internet site at www.byteenterprises.com.