Taylor Bean Direct Web Site Hits $5 Billion Mark

Avista Solutions, a leading provider of online mortgage software, announced today that the wholesale mortgage site www.taylorbeandirect.com (TBD), designed for Taylor, Bean & Whitaker of Ocala, FL, has reached its six month milestone and the results are in. TBD, the B2B online wholesale mortgage website of Taylor, Bean and Whitaker Mortgage Corporation (TBW) has surpassed $5 billion in origination transactions.

COLUMBIA, S.C., April 16, 2003 -- Avista Solutions, a leading provider of online mortgage software, announced today that the wholesale mortgage site www.taylorbeandirect.com (TBD), designed for Taylor, Bean & Whitaker of Ocala, FL, has reached its six month milestone and the results are in. TBD, the B2B online wholesale mortgage website of Taylor, Bean and Whitaker Mortgage Corporation (TBW) has surpassed $5 billion in origination transactions.

The website, launched in September, was developed and implemented by Avista Solutions and is based on the Avista Accelerator Wholesale Mortgage Platform. TBD, a web-based loan origination system, has since generated more than 38,000 loans, totaling to more than $5 billion in origination transactions.

Our customers have welcomed this new, robust web site. It is extremely functional, while also remaining user-friendly," said Lee Farkas, CEO of TBW. From the design and innovative features of the site to the technical and customer service we get from Avista, everything has gone very smoothly."

TBW brokers can create loan applications online or import them from their loan origination software and submit the loan through automated underwriting, receiving a decision within minutes. Additionally, fulfillment services such as credit and appraisal are included. The website contains XML based integration to TBW core systems providing risk adjusted pricing and lock, fax imaging of documents, as well as funding request and closing documents. Online status and loan pipeline management is also available.

We are excited about the success TBW has had with the website", said Mark Phlieger, CEO of Avista Solutions. TBD gives Taylor, Bean and Whitaker a great competitive advantage in the wholesale mortgage lending space."

Avista Solutions can build a site like TBD in less than 45 days and customize it to meet the needs of any one particular client. This proven technology is designed to streamline the origination process, increase loan production, reduce operating costs, improve customer service, and increase lender profits.

To learn more about how their innovative systems can benefit your business, visit us on the web at www.avistasolutions.com or call (803)788-4936.

Avista Solutions
Avista Solutions is a financial services software company that combines years of mortgage industry experience with powerful technology skills to deliver integrated solutions to lenders.
Avista Solutions powers the mortgage websites for over 300 banks, credit unions, and mortgage companies. More than 3,100 originators submit in excess of 56,000 loan transactions per month using lender private-labeled websites from Avista Solutions. Avista Solutions provides the best built technology in the mortgage business. For more information, visit www.avistasolutions.com or call (803)788-4936.

About TBW
Taylor, Bean & Whitaker Mortgage Corp. (TBW), headquartered in Ocala, FL is a top 20 national wholesale mortgage lender. TBW has ascended from a small town retail mortgage firm to a national mortgage lending institution with offices across the country. TBW continues to build upon an annual production volume of $15 billion. The companys rise within the mortgage industry is the result of multi-faceted strategic objectives including infrastructure, management, marketing and innovative technology. For more information, visit www.taylorbean.com or call (352) 351-1109.