CONTOUR SOFTWARE ACQUIRES MORTGAGE SOFTWARE CUSTOMER BASE FROM SOFTBYTE; Company also acquires Brillianceware.

CAMPBELL, Calif.--(BUSINESS WIRE)--May 30, 1995--Contour Software announced today that they have signed a cooperative marketing agreement with Softbyte VAR International of Santa Ana, California to offer a complete array of loan origination software to Softbyte's existing mortgage banking customers. The agreement enables Softbyte's customers to convert to Contour's The Loan Handler mortgage origination software at no charge. According to Softbyte officials, the company chose to invest resources into the appraisal software product line and expand EDI transaction capabilities with Contour customers.

With the addition of Softbyte's 450 customer installations, Contour's customer base will peak to over 5,000 sites nationwide. Even prior to the agreement, the company has dominated the mortgage broker segment with a 26% market share, which is more than the next three vendors' combined share (according to a 1994 Mortech Study and a 1992 National Mortgage Broker Association study).

The agreement includes an EDI interface with Softbyte's Appraisal Master forms product which enables customers to receive appraisals electronically and print at lender locations.

Dick Braun, president of Softbyte VAR International, said, "Our motivation for making this agreement stems from a desire to take care of the people we have served over the years. Our customers now have access to a wide range of loan origination products available through Contour Software. Softbyte is expanding its appraisal forms product line by integrating the electronic order and receipt within The Loan Handler."

Scott Cooley, president of Contour Software said, "This agreement is very much a win/win situation for all parties involved. In lieu of investing heavily in product development, Softbyte was able to offer its customers a better and wider range of mortgage loan products. In spite of the market's current condition, Contour continues to grow and benefit from the increase in customers. It's also unprecedented in that we are actually providing our software to existing Loan Master users for free as a part of our agreement with Softbyte."

Contour has also purchased all assets of Brillianceware of San Mateo, California. Brillianceware developed Mortgage Mastery software, a knowledge-based software program of "how to" information for loan processors. The software is Windows-based and is used for training and on-line reference. For example, processors can find out how to handle condominium loans for agencies, guidelines for packaging a loan for a wholesaler, or how to deal with credit problems on a loan application. Mortgage Mastery will continue to be updated and sold by Contour under the label of The Loan Expert.

Contour is continuing to look for additional acquisition opportunities.

Founded in 1982, Contour Software offers software products for every facet of mortgage lending, from qualification to servicing. Contour Software is a technology leader in mortgage software with the most complete line of software products available. Customers include mortgage bankers, mortgage brokers, credit unions, commercial banks and savings institutions.

For more information contact Scott Cooley, President, Contour Software, 700 West Hamilton, Campbell, CA, 95008-0403, or call 800-CONTOUR (800-266-8687). This release is also available through on-line services or on diskette.

CONTACT: Contour Software

Scott Cooley, [phone]

or

William Mills Agency

Scott Mills, [phone],

[e-mail].