February 6,2002

SAN Jose, Calif., December 6, 2001 - Myers Internet, Inc., a leading provider of Internet infrastructure to the mortgage industry, announced today that it has created a new product that will allow brokers to automatically update the rates on their web sites.

"Consumers expect to have accurate, up-to-date rates on a web site. If rates are stale, they are unlikely to return to that web site. Many brokers are often too busy to update their rates. With our Auto Rate Sheet Generator product, brokers can make sure that their rates are always up-to-date," says Warren H. Myer, CEO of Myers Internet, Inc.

To configure the Auto Rate Sheet Generator, brokers first select the wholesale lenders they do business with from Myers' Wholesale Rate Database. Next, they configure their points, fees, closing costs, and lock period. Every day when Myers' Wholesale Rate Database is updated, the broker's rate sheet is updated as well.

"The Auto Rate Sheet Generator product is very flexible and provides three update options for every program," states Myer. "Brokers can choose one of three modes - automatic, review or manual. Programs that are on the automatic mode are updated automatically. Programs that are on the review mode require the broker to review and accept the rates prior to updating the rate sheet. Finally, manual rates require the broker to update the rates manually."

To view a demo and to obtain information about pricing please visit myersinternet.com

About Myers Internet, Inc.

Myers Internet, Inc. is the leading provider of Internet infrastructure to the mortgage industry. Myers' solutions allow for a completely electronic transaction, connecting consumers with originators and originators with lenders and service providers. Using Myers' Webwiz technology, an originator can build a state-of-the-art customized Web site in minutes. Myers OriginatorNetwork enables originators to shop rates, process loans and connect to lenders electronically, resulting in faster processing and reduced costs. Myers electronic community is comprised of 4,500 brokerage companies with more than 25,000 originators. Its premier Web sites, OriginatorNetwork.com, BestRate.com and LoanApp.com are among the best-known mortgage-related sites. For more information visit www.myersinternet.com or call (408)428-9960.

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