FLDI Expands Relationship With Bethpage
Federal Credit Union

-Bundled services provider now offers AVMs and appraisal services to credit union-

AUSTIN, Texas, Jan. 5, 2005 - First Lenders Data, Inc. (FLDI), an Austin, Texas-based technology, data and bundled services provider, announced today that it has expanded its services utilized by Bethpage Federal Credit Union, a Bethpage, N.Y.-based full-service financial institution, to include automated valuation models (AVMs) and other appraisal services.  

Bethpage Federal Credit Union has worked with FLDI since January 2004, when it selected PrimeFlood, a private label version of FLDI's FirstCloseT vendor management platform for Flood services.  Towards the end of 2004, Bethpage began looking for a technology solution that could also offer additional services.

"We selected FLDI to provide AVMs and appraisals because we had a great track record using PrimeFlood," said Maria Tullo, assistant mortgage manager at Bethpage Federal Credit Union.  "We also benefited greatly from FLDI's vendor management, which simplified our relationships with vendors, provided a single source for technology solutions, reduced our operating costs and enabled us to devote extra resources towards enhancing member services."

"FLDI helps meet the need among credit unions like Bethpage for a technology solutions partner that will provide cost savings and a more efficient way of doing business," said Tedd Smith, CEO of FLDI.  "We work with technology vendors on behalf of our customers to get them the best deals that will ultimately help them be more successful."

FLDI works directly with mortgage service data providers and vendors on behalf of banks, mortgage lenders and credit unions to provide a variety of mortgage solutions through a single point - FLDI's FirstClose platform.  FirstClose and its licensed versions offer FLDI's customers a wide selection of bundled financial services such as credit reports, AVMs, insured AVMs, appraisals, flood certifications, property reports, legal and vesting reports, lien reports and income verification.  These bundled services are a cost-effective method for financial institutions to manage the entire origination process. 

About Bethpage Federal Credit Union

Bethpage Federal Credit Union is a full-service financial institution, headquartered on Long Island in Bethpage, N.Y.  The credit union has assets of more than $2 billion and a broad membership base of more than 130,000 members nationwide.  Members represent a diverse cross-section of the Long Island, N.Y. economy, including employees of many of the largest firms in the high tech, manufacturing, pharmaceutical, legal and service industries.

For more information on Bethpage Federal Credit Union, visit the company's Web site, www.bethpage.org.

About First Lenders Data, Inc. 

First Lenders Data Inc. (FLDI) is an Austin, Texas-based provider of settlement service solutions to the mortgage lending industry.  FLDI offers its products and services through its proprietary Web-based FirstCloseT platform.  The company's product offerings include credit reports, flood certifications, AVMs and traditional valuation products, as well as title and property data services.  Additionally, FLDI provides more progressive services, including hybrid and gap valuations, guaranteed AVMs and alternative lien reports. 

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