February 22, 1999

Mortgage Computer Approved by CUNA Mutual

OGDEN, UTAH – Mortgage Computer, a leader in real estate software, announced today its mortgage lending product, MC OFFICE Software, is the first program to be approved by CUNA Mutual Insurance to compute the member pay premiums, co-pay premiums, excess coverage, age attained rate and age at issue rates for Credit Life and Credit Disability Insurance. These additions have been tested and approved by CUNA Mutual Insurance.

Excerpts from the approval letter received from Teri Fisher at CUNA Mutual:

"I have received your latest sample and found your calculations to be accurate for the member pay premiums, credit union co-pay premiums, excess coverage, age attained rates and age at issue rates. Therefore, I am approving your premium calculations software. This software may be used to process monthly premiums for our credit unions with Level Rate Credit Life and Credit Disability coverage."

Signed Teri Fisher, Premium Services, CUNA Mutual Group

MC OFFICE Software is a complete mortgage lending solution. Mortgage Computer is a private company founded in 1974 as a software provider for mortgage lenders. Mortgage Computer offers the MC OFFICE Software, a program Having It All Together for a complete mortgage lending solution, including origination, construction, secondary marketing, servicing, pools, lines of credit, reverse mortgages, and government reporting.

For more information,
contact Gordon L. Belnap
(801) 621-3900
E-mail: mcsales@mcoffice.com