FLDI Announces New Strategic Alliance with Realink Corp.

- Alliance incorporates RealValue desktop appraisal within vendor management platform -

AUSTIN, Texas, May 19, 2005 - First Lenders Data, Inc. (FLDI) , an Austin, Texas-based provider of bundled settlement service solutions to the mortgage lending industry, and Realink Corp., a Tempe, Ariz.-based provider of real estate appraisal and settlement services, announced the formation of a strategic alliance to provide lenders with Realink's appraisal services within FLDI's FirstClose TM vendor management platform.

The strategic alliance formed in April provides lenders with access to all of Realink's appraisal and valuation services, including RealValue TM , a desktop appraisal used primarily for home equity lending. FLDI is incorporating the RealValue desktop appraisal into the progressive automated valuations model ( AVM) section of FirstClose. This integrated capability provides FLDI clients an option to upgrade to a desktop appraisal when an AVM fails to return a value, or the returned value falls outside lender tolerance guidelines. To ensure the accuracy of the RealValueT desktop report, it is performed by local market appraisers who follow Uniform Standards of Professional Appraisal Practice (USPAP) guideleines.

"This alliance expands the valuation options FLDI lenders have, enabling them to select the most efficient appraisal solution needed to meet the collateral risk associated in the loan origination process," said Bill Smith, senior vice president at Realink. "To support this effort, the RealValue turn around time averages 24-36 hours, at less than half the cost of a drive-by appraisal ."

FLDI offers bundled services through alliance partners such as Realink to provide a cost-effective vendor management solution for lenders to better manage the origination process and select the best technology to meet their own individual needs. Users can integrate with existing legacy and front-end origination systems and select a variety of technology options that include credit reports, AVMs, conventional appraisals, flood certifications, property reports, legal and vesting reports, mortgage loan reports, title services, closing services, recording services, doc prep and income verification.

"Offering Realink's RealValue Desktop Appraisal boosts competitiveness and positions innovative lenders to close loans more quickly at reduced cost," said Tedd Smith, CEO of FLDI. "The alliance between FLDI and Realink is important to lenders, because it offers tangible benefits, such as saving time and money for lenders, by simplifying the way they utilize AVM and bump logic technology through an enhanced vendor management system."

About Realink Corporation

Realink is a national provider of real estate appraisal and settlement services focusing on technology solutions that enhance procedures and reduce cycle time and costs associated with evaluating property risk and closing transactions for residential properties.

For more information on Realink, visit their Web site at www.realink.com.

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 FirstClose TM platform. The company's product offerings include credit

reports, flood certifications, AVMs and traditional valuation products, as well as income verification title, doc prep, closing and recording services. Additionally, FLDI provides more progressive services, including hybrid and gap valuations and alternative lien reports.

For more information on FLDI's products and services, visit the company's Web site at www.fldi.com.

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