INTERLINQ releases MortgageWare Loan Servicing v. 1.5;brings economics/power of PC technologies...

KIRKLAND, Wash.--(BUSINESS WIRE)--June 12, 1997--INTERLINQ Software Corporation (Nasdaq: INLQ), the leading developer of technology-based business solutions for the residential mortgage and construction lending industry, today announced the commercial release of MortgageWare Loan Servicing(r)

INTERLINQ continues to provide lenders with enhanced access to information to better manage their business. With the new release, lenders will benefit from enhanced exporting and reporting capabilities. The credit bureau export incorporates new FNMA credit bureau requirements and the Mornet and Midanet exports have been enhanced. Collections and accounting reports have been expanded as well. In addition, MortgageWare Loan Servicing's Windows(r)-based environment allows for connectivity to other Windows applications, including Office 97(r) products.

"The initial setup time and expense is much less than any product I have used in the past," said Robert Phillips, vice president of Shelter Mortgage in Bellevue, Washington. "All aspects of the system have been a delight. One does not have to have years of mortgage servicing experience to set up and administer the system."

Retain Servicing Rights for Low Cost and Minimal Training Investment

"For those lenders who would like to retain servicing rights, MortgageWare Loan Servicing allows them to enter the business for a very reasonable cost with minimal training," said Patricia Graham, INTERLINQ's vice president of sales and marketing. "This is a great economic advantage since servicing offers profit opportunities that can help balance out the cyclical production side of lending."

INTERLINQ President and CEO Jiri Nechleba added, "For those lenders who currently use service bureaus, MortgageWare Loan Servicing contributes directly to their bottom line by eliminating an on-going significant variable cost."

MortgageWare Loan Servicing is a sophisticated 32-bit application designed for Windows 95 or Windows NT(r) that is targeted at lenders who retain, or would like to retain, servicing rights. The system provides all the capabilities necessary to do loan servicing, such as collections, automatic payment processing, escrow tracking and analysis, and investor reporting. Additionally, the system provides advanced capabilities for automatic scheduling of events, extensive reporting, and open database access. The open database structure provides flexibility and allows lenders to access their data using popular Windows programs such as Word, Excel, Access, or Crystal Reports.

INTERLINQ Software Corporation is the nation's leading provider of technology-based business solutions for the residential mortgage and construction lending industry. The company's customers include banks, savings institutions, mortgage banks, mortgage brokers, and credit unions, automating loan management for over 2,000 customers in more than 7,000 sites throughout the United States and its territories. More information on INTERLINQ's products and services is available on the company's Web site at http://www.interlinq.com .

CONTACT: INTERLINQ Software Corp.

Patricia Graham, 206/827-1112

email: patg@interlinq.com