SAN JOSE, Calif.--(BUSINESS WIRE)--Jan. 25, 2001-- Myers Internet, Inc., a leading provider of Internet infrastructure to the mortgage industry, announced today that it has partnered with New Century Mortgage Corporation, a Calif.-based provider of sub-prime mortgage loans for mortgage brokers.

New Century Mortgage Corporation is the subsidiary of New Century Financial Corporation (NASDAQ: NCEN - news).

Under this partnership, New Century Mortgage Corporation will offer its sub-prime financing services on Originator Network, Myers' business-to-business mortgage broker portal and transaction network that is currently used by more than 1,600 mortgage brokerage companies nationwide to process and submit loans electronically. In addition, New Century Mortgage Corporation will offer loan discount coupons to brokers who purchase a Myers Web site to help defray the cost of the site.

``We are hoping to encourage more brokers to use the Internet, not only to take loan applications, but to submit them as well,'' said Greg Schroeder, vice president of marketing at New Century Mortgage Corporation. ``We evaluated several Internet providers and chose Myers because they had the best technology and have developed state-of-the-art Web sites.''

``By combining the use of the Internet along with advanced processing software and automated underwriting systems, New Century Mortgage Corporation has streamlined their loan approval and closing processes,'' said Warren Myer, chief executive officer of Myers Internet Services. ``As a result of this partnership, brokers will be able to save time and money by pre-qualifying borrowers and submitting loans electronically and can now create and launch state-of-the-art customized Web sites in minutes at a fraction of the normal cost by using rebate coupons offered by New Century Mortgage. I expect this partnership to significantly increase mortgage Web adoption rates, which will benefit the entire industry.''

About New Century Mortgage Corporation

New Century Financial Corporation, a publicly traded company, listed on NASDAQ (ticker symbol ``NCEN''), is a specialty finance company engaged through its subsidiaries, in the business of originating, purchasing, selling and servicing non-conforming mortgage loans secured primarily by first mortgages on single family residences. For additional information contact Carrie Marrelli at cmarrell@ncen.com or visit the New Century's Corporate Web site at www.ncen.com.

About Myers Internet, Inc.

Myers Internet, Inc. is the leading provider of Internet infrastructure to the mortgage industry. Myers' solutions allow for a completely electronic transaction, connecting consumers with originators and originators with lenders and service providers. Using Myers' Webwiz technology, an originator can build a state-of-the-art customized Web site in minutes. Myers Originator Network enables originators to shop rates, process loans and connect to lenders electronically, resulting in faster turnaround and reduced processing costs. Myers electronic community comprises of 1,600 brokerage companies with more than 10,000 originators. Its premier Web sites, OriginatorNetwork.com, BestRate.com and LoanApp.com are some of the best-known mortgage-related sites. For more information visit www.myersi.com or call (408) 428-9960.

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