ORANGE COUNTY’S CREDIT UNION OPTS FOR MORTGAGEFLEX

One of Nation’s Oldest and Largest CUs Connects Agile

Technology to Growing Customer Needs

Santa Ana, Calif. (August 7,2008) - Orange County’s Credit Union, one of the nation’s oldest and largest, has selected the MortgageFlex LoanQuest Residential Lending System for all mortgage originations in their 83,000-member network.

Orange County’s Credit Union, founded in 1938, researched a replacement LOS for several years before choosing the MortgageFlex LOS, determining that it has the requisite agile technology to meet growing customer needs.

Jeff Harper, Vice President of Lending, Orange County’s Credit Union, says, “Choosing MortgageFlex wasn’t a reflex decision; we were impressed with their LOS technology and successful implementation history. LoanQuest provides crucial credit underwriting capabilities without the need for extensive customizations.”

LoanQuest supports all aspects of the retail mortgage process with numerous system functions that allow lenders to automate or eliminate manual steps. An incorporated dynamic product and pricing engine, embedded interfaces to risk mitigation services and full business rule capabilities guarantee the most current product information is available real time to all users.

Business rules having common application to more than one channel can be used by other business units where applicable, reducing system overhead and downstream maintenance. They provide a window into the logic of an application, allowing organizations to adapt quickly to changing market conditions. A business rules engine also provides a built-in audit trail of decisions for reporting purposes. By utilizing a combination of business rules and workflow, lenders are able to build rules that are unique to the organization and drive compliance via workflow.

“Starting with a fully functioning system dramatically reduces a lender’s start up time,” said Craig Bechtle, chief operating officer, MortgageFlex Systems. “LoanQuest’s functionality has been honed by our customers real life usage to reflect time-effective, best practices and most new customers discover those advantages immediately.”

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About MortgageFlex Systems Inc.

MortgageFlex Systems, Inc., a provider of innovative software and systems solutions to mortgage companies and lending institutions, was named one of the “Top 50 Providers of 2008,” by Mortgage Technology Magazine. Headquartered in Jacksonville, Fla., the company, which began operations in 1980, launched LoanQuest^™ in 1984 the industry’s first fully integrated product suite designed to simplify loan origination. For information about products and services, please call 800-326-3539 or visit www.mortgageflex.com. Media inquiries may be directed to Joyce Saunders at 904-356-2490, ext. 3260.

About Orange County’s Credit Union

Founded in 1938, Orange County’s Credit Union is a not-for-profit community-chartered credit union exceeding $919 million in assets, and over 83,000 members. Membership is available to anyone who lives or works in Orange or Riverside Counties, and the neighboring communities of Long Beach, Signal Hill, Lakewood, and Cerritos. The Credit Union is ranked in the top two percent of credit unions nationwide based on assets. It is the largest community-chartered credit union headquartered in Orange County. For more information, visit the Credit Union’s Web site at www.orangecountyscu.org or call (714) 755-5900