Carlender.com Selects AnyTime Access to Facilitate Decisioning for Loans Available Via its Web Site; Automated Loan Decisions Backed by Real Loan Officers.

Business Editors/High-Tech Writers

SACRAMENTO, Calif.--(BUSINESS WIRE)--Feb. 22, 2000

AnyTime Access Inc., the leader in outsourced credit origination solutions to the financial services and E-Commerce communities, and Carlender.com, the Internet's most comprehensive vehicle financing specialist, have agreed to a strategic alliance that will facilitate the application process on the Carlender.com web site.

Through this partnership, Carlender.com will utilize the powerful capabilities of AnyTimeLender(TM), AnyTime Access' dynamic automated Internet lending system supported by live loan officers, to dramatically decrease the approval time for new and used vehicle financing and refinancing. Carlender.com's customers who apply online, and meet its financial institution's automated underwriting criteria, will now be able to receive a decision on their application in about 90 seconds. Applications requiring further judgmental review will be forwarded to a team of knowledgeable loan officers for an immediate decision.

"We are excited to tap into AnyTime Access' flexible Internet lending system and proven underwriting capabilities to provide rapid loan decisions that match the needs of our consumers and financing partners," said Nick Molina, CEO of Carlender.com. "While the automated underwriting of AnyTimeLender offers us greater flexibility, the availability of loan officers 24x365 will ensure that more consumers get the auto loans they desire in industry leading time."

"AnyTime Access developed AnyTimeLender to meet the varied needs of E-Commerce enterprises such as Carlender.com. AnyTimeLender provides the highest level of service for the consumer and quality assets for financial institution partners," stated Bob Poloskey, executive vice president of business development for AnyTime Access. "We are pleased to provide CarLender.com with the leading automated Internet lending solution which is fully integrated with real loan officers 24 hours a day, 365 days a year. This will allow them to focus less on technology and more on their marketing plans and loan processing expertise."

The new alliance will create a significant value proposition to lenders who will benefit from the marketing and back-office skills of Carlender.com and the advanced technology and around-the-clock personal service from AnyTime Access. Carlender.com's lending institutions can now utilize AnyTime Access' technology to significantly reduce the time and cost of credit filtering and decisioning. At the same time, AnyTime Access' financial institutions can tap Carlender.com to increase the volume of loans in their automotive finance departments.

Carlender.com will now focus its full attention on servicing both consumers and its lending partners. "We now have the best business model in the auto lending arena," stated Ricky Arriola, president of Carlender.com. "By credit-filtering all our applicants, preparing all the loan documents, closing the loan and handling all of the lien paperwork, we can deliver to our lending partners a completed loan at a fraction of a lender's acquisition cost."

Carlender.com is the Internet vehicle-financing specialist. Experts in refinancing and lowering existing car payments, Carlender.com also offers private sale financing, new and used purchase financing and lease buyouts. Through Carlender.com's financial institution partnerships, consumers enjoy the flexibility of multiple lenders all under one roof -- a true one-stop shopping experience that translates into superior customer service and lower interest rates than offered by most banks and car dealerships.

AnyTime Access is the leader in outsourced credit origination solutions to the financial services and E-Commerce communities. The company has specialized in providing automated decisioning backed by integrated judgmental underwriting services through its 24x365 Lending Center since 1994. The company has alliances with EDS (NYSE:EDS); the ICT Group, Inc. (Nasdaq:ICTG); FISERV (Nasdaq:FISV); Fair Isaac & Co., Inc. (NYSE:FIC); Credit Management Solutions, Inc. (Nasdaq:CMSS); Concentrex (Nasdaq:CCTX); Summit Information Systems, a Fiserv Solution; Symitar Systems, Inc.; and Experian. Board members include business leaders from Crosspoint Venture Partners, Mid-Atlantic Venture Funds, Cisco Systems (Nasdaq:CSCO), CUNA Mutual Group, DAMAC, and Invesco Private Capital Group. The company's service expertise, E-Commerce technology and seamless systems integration provide financial institutions and the E-Commerce community the ability to immediately originate and decision credit -- anytime, anywhere.

AnyTime Access Information: 800/852-4627, [e-mail], www.anytimeaccess.com.

Carlender.com Information: 305/663-4554, [e-mail], www.carlender.com.

Note to Editors: The "T" in AnyTime Access should always be capitalized.