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FOR IMMEDIATE RELEASE

FOR MORE INFORMATION CONTACT:
Wayland Pond, VP-Sales and Marketing (703) 734-1133 ext. 110

Vienna, Virginia. (September 17, 2004) - VirPack, a leading provider of ePackaging, document management and imaging solutions for the mortgage industry, announces the release of VirPack Direct-TPI. VirPack Direct-TPI is a delivery tool specifically designed for integration with third-party imaging systems. VirPack Direct-TPI allows an image-enabled lender to deliver loan files in VirPack, to support QC, audit, lien release, assignment, default management, and investor delivery. VirPack Direct-TPI provides the means to electronically deliver a loan in a VirPack that may be browsed using the free VirPack Viewer or programmatically taken apart and automatically imported into another imaging or workflow system. Users no longer need to print, re-scan, or devise one-off implementations to support individual business partners. VirPack Direct-TPI allows the lender to reduce costs, shorten cycle times and improve overall process efficiency.

"To further strengthen the concept of ePackaging in the mortgage industry and the electronic delivery of a loan file, we felt that it was a natural progression to expand our VirPack delivery tools for integration with existing third-party imaging products. Allowing third-party imaging systems to both create and receive VirPack greatly simplifies a lender’s day-to-day processes. While we have included these VirPack delivery capabilities in our own imaging products for many years, we have been repeatedly asked to provide a VirPack delivery tool that would work with other imaging products. This is primarily due to the lack of standard electronic delivery tools in other third-party imaging products. VirPack Direct-TPI is our solution to that problem", said Wayland Pond, Vice President of Sales of VirPack.

About VirPack
Founded in 1995 and headquartered in Vienna, Virginia, VirPack is a leading technology provider offering ePackaging, document management and imaging solutions specifically designed for the mortgage industry. Its core technology, VirPack, is an electronic envelope that provides a standard way to package, manage and electronically deliver all data, electronic documents and images pertaining to the life cycle of a loan. By using VirPack throughout the mortgage process, clients bridge the gap between disparate systems, execute faster and reduce expenses.

For more information about VirPack, contact Wayland Pond, Vice President of Sales and Marketing, at (703) 734-1133 x110 or email wayland.pond@VirPack.com or visit our website at www.VirPack.com.

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