WEST COVINA, Calif., Jan. 6, 2005 -- PMAC, a leading provider of home loan services to consumers, real estate, and financial services professionals, has launched its new website today at www.pmac.com. The new website provides information and services to consumers and those affiliated with the mortgage banking industry such as Mortgage Brokers, Escrow Companies, Real Estate Brokers, and Financial Services Companies.

PMAC.com is capitalizing on current consumer needs and emerging opportunities in the mortgage banking industry. "Consumers are faced with a plethora of different choices when selecting a home loan today. Because of this, home loan 'information overload' is at an all-time high. More often than not we find consumers coming to PMAC completely confused regarding which loan is best for them. Many don't really understand what interest rate they're actually paying," stated Jon Magill, President & CEO of PMAC.

"When other mortgage lenders make unrealistic rate and payment promises, it quickly evolves into an adversarial discussion with the borrower regarding their credit worthiness and why the initially-promised interest rate and payment quote cannot be delivered," said Magill. "Unlike most lenders, PMAC focuses first on determining the needs of the borrower. From that point, we research and find the most tailored loan options that fit those specific needs. Moreover, these tailored options are backed by the lowest rates and fees in the market. We then sit down with the borrower and simply explain how each loan option equates to a different financial scenario throughout the course of the loan. The result is a borrower who is put in a position to make a much more informed decision," Magill added.

Recently, PMAC restructured its operations to focus on three key areas of the lending marketplace -- Wholesale, Outsourced, and Retail Lending. PMAC's newly created Wholesale Lending Group targets the specific needs of Mortgage Brokers. PMAC's Outsourced Lending Group focuses on providing outsourced lending technology and services for Real Estate and Financial Services Companies looking to offer home loans directly to their clients. PMAC's Retail Lending Group is what the company was built upon -- experienced loan professionals serving the home loan industry. The new website presents the breadth of PMAC's products, programs, and services for each of the three key areas of the lending marketplace.

"PMAC's Wholesale Lending Group is an exciting new venture for us in that we can now offer competitive new loan programs. Many of these programs are unique to PMAC and offered directly to Mortgage Brokers and Third Party Originators (TPO's)," said Magill. In recent years, PMAC has invested heavily in new technology solutions and services which are now paying tremendous dividends for our Retail Lending Group. As PMAC moves to realign the company to capture new business opportunities, those investments allow it to provide new levels of service and support to a greater number of customers and partners.

PMAC's Outsourced Lending Group enables any Real Estate or Financial Services Company to offer home loans directly to their clients through RESPA(R)-compliant lending solutions. Contrary to other services available today, PMAC's lending service is directly intended to provide all the tools to effectively originate, manage, and fund loans through a simple step-by-step process. "With PMAC, our partners can simply offer home loans and realize significant new revenue opportunities," concluded Magill.

About PMAC

Founded in 1995, PMAC is a leading provider of consumer and business-to-business Home Loan services to consumers, Real Estate, and Financial Services professionals.

Headquartered in West Covina, California, PMAC serves a broad range of clients through its three business units: PMAC Retail Lending, PMAC Wholesale Lending and PMAC Outsourced Lending groups in six western states, including California, Nevada, Arizona, Oregon, New Mexico, and Colorado.

PMAC Retail Lending group is a direct mortgage lender with operations throughout the western United States and is focused on conducting a new way of doing business in Home Loans -- greatly simplifying the home loan process for borrowers and the real estate community. Backed with the lowest rates and fees, leading-edge technology, and a simple efficient process, PMAC delivers a mortgage loan experience that is second to none.

PMAC Wholesale Lending group is a leading provider of wholesale funding services to mortgage brokers. Licensed in six western states, PMAC provides mortgage brokers with access to more than 1,500 mortgage loan programs including funding of prime, niche, and sub-prime loans. PMAC delivers a wide range of loan programs and leading-edge technology working directly with dedicated processing, underwriting and funding resources. In addition, it's backed with the industry's lowest rates and fees. This enables brokers to deliver tailored loan options based on their clients' individual lending needs.

PMAC's Outsourced Lending group provides mortgage banking services directly to real estate and financial services companies looking to add mortgage banking to their portfolio of services. Through a unique on-line mortgage banking service, subscribers can provide loan origination, processing, and funding of home loans directly to their clients using PMAC's mortgage banking enterprise.

NOTE TO EDITORS: For additional information visit PMAC's website, or call PMAC Helpline at (800) 710-7622.

PMAC and the PMAC logo are either registered trademarks or trademarks of PMAC. Other company and product names may be trademarks of their respective owners.

Robert Brown 
or Bill Ryan, 800-710-PMAC 
rbrown@pmac.com
bryan@pmac.com