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LOMAS INFORMATION SYSTEMS ANNOUNCES DATA SERVICES CONTRACTS WITH HUNTINGTON MORTGAGE CORPORATION, FIRST NATIONWIDE BANK AND TRINITY INDUSTRIES

 DALLAS, Nov. 1 /PRNewswire/ -- Lomas Information Systems ("LIS") announced today that it recently has agreed to furnish certain data and information systems services to Huntington Mortgage Corporation of Columbus, Ohio, First Nationwide Bank of San Francisco and Trinity Industries, Inc. of Dallas.
 The Huntington, one of the nation's Top-50 mortgage firms, has decided to convert its mortgage loan servicing portfolio, consisting of more than 100,000 loans, to LIS's Excelis Mortgage Loan Servicing System. The conversion is planned for the third quarter of 1994 and is for a term of three years.
 First Nationwide Bank, which undertook a thorough competitive analysis of loan origination and secondary marketing systems earlier this year, is in the process of formalizing an agreement with LIS to install in 1994 two of LIS's mortgage related products, namely, the latest versions of the Excelis Loan Production System and the Excelis Secondary Marketing System.
 Trinity Industries, Inc. (NYSE: TRN), a major producer of steel fabricated products, has entered into a three-year contract with LIS pursuant to which Trinity's General Ledger application will be installed and run on LIS equipment in Lomas' Dallas-based computer center. Trinity thus becomes the first industrial company to utilize LIS's recently introduced outsourcing services.
 James W. Gaines, senior vice president of sales and marketing for LIS, notes, "LIS continues to expand its horizons in terms of its technology and product offerings. We are pleased to add these three strong companies to our distinguished customer base, and we expect further comparable additions in the near future."
 Lomas Information Systems is a division of Lomas Financial Corporation (NYSE: LFC) of Dallas. LIS provides a full range of automation, data, management information and communication services to the mortgage finance industry, and also offers outsourcing and computer utility services to others.
 Lomas Financial Corporation is one of the country's largest participants in mortgage banking. Its activities include mortgage production; mortgage servicing; master servicing for conduit issuers of mortgage-backed securities; insurance agency operations; property inspection, property preservation and other field services; and data processing and related information and communication services.
 -0- 11/1/93
 /CONTACT: Kevin McGarry of Lomas Financial Corporation, 214-879-5545, Carol Spruiell of Lomas Information Systems, 214-879-5114/
 (LFC TRN)


CO: Lomas Information Systems; Huntington Mortgage Corporation; First
 Nationwide Bank; Trinity Industries, Inc. ST: Texas, Ohio, California IN: CPR SU: CON


MP -- NY083 -- 9311 11/01/93 16:38 EST
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Publication:PR Newswire
Date:Nov 1, 1993
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