First Alliance Mortgage Company Uses Leading Internet; Technology for Asset Backed Securities Transaction

Business Wire, Sept 15, 1998

IRVINE, Calif.--(BUSINESS WIRE)--Sept. 15, 1998--For the first time in the asset backed securities market, First Alliance Mortgage Company utilized a leading Internet technology in the management of an asset backed securities (ABS) transaction.

First Alliance employed IntraABS, a technology designed for the ABS market by IntraLinks, Inc., to manage First Alliance Mortgage Loan Trust, 1998-2, a $100 million home equity loan ABS. IntraABS allows issuers, bankers, accountants, attorneys and other members of transaction teams to access deal documents electronically in real time. By making transaction documents available through its security-rich Internet-based service, IntraABS reduces costs and expedites the transaction's time to market.

"First Alliance sees the value in using leading-edge technology solutions. IntraABS brings the paper-intensive asset backed securities market into the electronic age," commented Dianne Arneal, Vice President of Secondary Marketing at First Alliance. "With the transaction team located in four cities across the country, IntraABS made the issues of time zones and overnight deadlines obsolete."

Ms. Arneal continued, "IntraABS has proven to be extremely beneficial and we intend to continue using the service for deals in the future."

"IntraLinks is pleased to have worked with First Alliance on the first IntraABS transaction in the asset backed securities market," commented Kevin O'Hagen, Senior Vice President of IntraLinks, Inc. "By allowing individuals to quickly and easily share deal documents, IntraABS enhanced communication among the multiple parties involved in the transaction."

First Alliance is a consumer finance company with headquarters in Irvine, California. The Company originates, purchases, sells, and services non-conventional mortgages through 35 retail branch offices, 32 of which are in the United States and three of which are in the United Kingdom.

Since its first transaction in April 1997, IntraLinks has facilitated over 130 capital market deals totaling over $100 billion. Providing institutions with enhanced control of financial documents in a neutral third-party setting, IntraLinks improves operating efficiencies, expedites the speed of transactions, and reduces costs. IntraLinks transforms complex paper-based communication between institutions into manageable electronic information using security-rich Internet technology. IntraLinks has set the industry standard in electronic bank loan syndication and leads the industry across a broad range of financial market categories, including asset backed securities, private placements, mergers & acquisitions and municipal bonds. With offices in New York and London, IntraLinks is an IBM Business Partner, a Lotus Qualified Business Partner and a Lante Business Partner.

IntraLinks is located on the Internet at http://www.intralinks.com/.

CONTACT: First Alliance Mortgage Company

Dianne Arneal

Vice President, Secondary Marketing

(949) 224-8500

diannea@faco.org

or

IntraLinks, Inc.

Courtney Darby/Abby Rosner

Middleberg & Associates

(212) 888-6610

courtney@middleberg.com

abby@middleberg.com