SAN JOSE, Calif.--(BUSINESS WIRE)--March 26, 2001-- Myers Internet, Inc., a leading provider of Internet infrastructure to the mortgage industry, announced today that it has formed an alliance with Chase Credit Systems, a Hollywood, Calif.-based provider of credit processing and delivery solutions to the financial industry.

Under this alliance, Myers' OriginatorNetwork will offer seamless connectivity to Chase Credit Systems, thereby offering mortgage brokers quick access to credit reports directly from Chase. Chase Credit Systems offers merged credit reports from the three national repositories and has interfaces with all of the major loan origination software (LOS) providers.

``Competitive advantage lies in the ability to quickly adapt to the ever-changing conditions in the mortgage industry,'' said Perry Cohan, president of Chase Credit Systems. ``The ability to adapt is closely associated with the ability to connect and communicate with other systems, both in-house and those of other business partners. By offering Myers' OriginatorNetwork clients seamless access to Chase Credit Systems products and services, we are able to extend our reach into the mortgage broker market.''

``Since its launch late last year, OriginatorNetwork has become the nation's leading portal for mortgage originators,'' said Warren Myer, chief executive officer of Myers Internet, Inc. ``In March we processed our 1,000th transaction. We value our alliance with Chase Credit Systems, which has proven itself to be a leader in its field, and we expect to integrate their offerings into our network in the second quarter of this year.''

About Chase Credit Systems

Chase Credit Systems is nationally recognized as a leading developer of automated credit reporting systems. The company provides its expertise to others looking for credit processing and delivery solutions. Chase Credit offers a complete credit reporting system - which includes all the appropriate hardware - suitable to process any volume of reports. For additional information, contact Cynthia Tovar at cynthia_tovar@chasecredit.com or visit the comp any's Web site at www.chasecredit.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 OriginatorNetwork enables originators to shop rates, process loans and connect to lenders electronically, resulting in faster processing and reduced costs. Myers electronic community is comprised of 1,700 brokerage companies with more than 10,000 originators. Its premier Web sites, OriginatorNetwork.com, BestRate.com and LoanApp.com are among the best-known mortgage-related sites. For more information visit www.myersinternet.com or call (408) 428-9960.

Back to press releases