Allied Mortgage Capital Corporation Selects e-Parcel for Data Delivery

Business Wire, August 24, 1999

NEWTON, Mass.--(BUSINESS WIRE)--Aug. 24, 1999--

Allied Mortgage Capital Corporation (AMCC), America's largest affiliated net branch operation, together with e-Parcel, LLC, the industry leader in customized software solutions for mission critical data deployment over the Internet, announced today that AMCC is using e-Parcel(TM) Delivery Service for transferring mortgage loan origination data over the Internet.

AMCC, with over $2 billion in loan experience and having handled as much as $250 million a month in loan originations, is a major force in lending nationwide. AMCC operates in 43 states and has over 400 branches. AMCC offers approval with over 500 investors, including FNMA, FHLMC, GNMA, VA (LAPP) and HUD (DE approved as a correspondent for Allied Mortgage Capital). AMCC, replacing manually operated FTP and remote access, uses e-Parcel to automatically collect its loan origination data from over 400 of its branches.

"e-Parcel improves our data collection efficiency and reduces our operational costs," said Ron Litt, IS Manager, Allied Mortgage Capital Corporation. "We were spending over 70 man hours per week just retrieving our loan data from our branches offices across the country. With e-Parcel, data collection is performed automatically through e-Parcel's scheduled data pickup and delivery."

"We are pleased to be the outsourced data delivery solution for Allied Mortgage Capital Corporation," said Hiroshi Kobata, President & CEO of e-Parcel, LLC. "e-Parcel continues to expand as the best outsourced Internet data delivery service for the financial and mortgage industries."

e-Parcel provides "e-Parcel(TM) Delivery Service", the industry-leading outsourced Internet data delivery service. With e-Parcel individual users and corporations can resolve the problems of email, FTP, and web-based delivery mechanisms. e-Parcel delivers data of any size and type with automatic sender and recipient authentication, data compression and encryption. Delivery tracking is real-time and displays whether the recipient is on or offline. The tracking also provides date and time stamps as well as confirmation that the data was successfully delivered, opened and moved. In addition, e-Parcel deliveries are interruptible. This means that even if your connection to the Internet is disconnected, re-establishing the connection will automatically resume your delivery from the point of the interruption.

Allied Mortgage Capital Corporation, incorporated in 1991, is America's largest affiliated net branch operation. AMCC has a nationwide network of retail branches that originate loans and act as a banker/broker to any one of approximately 500 lenders. The company's affiliated company, Allied Mortgage Corporation, is a full-service wholesale mortgage banker and major purchaser of AMCC loans. Allied Mortgage Corporation (AMC) is approved with FNMA, FHLMC, GNMA, VA (LAPP), and HUD (DE approved as a correspondent for Allied Mortgage Capital Corporation).

e-Parcel, LLC, is the industry leader in customized software solutions for mission critical data deployment with over 20,000 corporate customers worldwide and partnerships with Deutsche Bank, Compaq, Toyota, Hakuhodo, and Dai Nippon Printing.

e-Parcel was founded in 1996 as a Division of Mitsubishi and was spun off in April of 1998 and is privately owned.

Products and services provided by e-Parcel include e-Parcel(TM) Delivery Service -- secure and reliable data delivery over the internet, e-Parcel(R) SmartLoad/Agent -- agent/server software, e-Parcel(R) Smart Consultant -- remote control and screen emulation software, e-Parcel(R) Enterprise Solutions -- customized data delivery, e-commerce and e-logistics solutions.

e-Parcel competes in the online delivery market along with Tumbleweed Communications, UPS Document Exchange, docSpace, and Pitney Bowes and is the only company focusing on directly delivering any type of data straight to the desktop.

For more information visit: http://www.e-Parcel.com or contact Marketing@e-Parcel.com.

Product names mentioned herein may be trademarks and/or registered trademarks of their respective companies.

e-Parcel is a registered trademark of e-Parcel, LLC. Other product and company names herein may be trademarks of their respective owners. Copyright (c) 1999 e-Parcel, LLC. All rights reserved.