Provider of integrated enterprise, Internet banking and e-commerce solutions for community banks and credit unions, and Mortgage.com (NASDAQ: MDCM), a leader in providing business-to-business online home-financing solutions, announced a strategic partnership to offer Mortgage.com's online mortgage technology platforms as part of the e-banking platforms that Open Solutions provides to financial institutions across the country.

Under the terms of the agreement, Mortgage.com will offer a suite of solutions enabling banks and credit unions to expand their products and services, backed by Mortgage.com's guaranteed service commitments to the financial institutions using Open Solutions' e-Commerce platform. With the new offering, financial institutions have three options for packaging the service to consumers: Co-brand, powered by Mortgage.com where Mortgage.com and the financial institution appear jointly; Private label, where the financial institution remains the lender; and Virtual Mortgage Company, where the financial institution is the virtual lender leveraging the Mortgage.com technical and transactional infrastructure.

Louis Hernandez, Jr., Open Solutions' chairman and chief executive officer, said, "We're helping our bank and credit union customers expand the scope of their online financial services. Institutions using Open Solutions' e-Commerce Mart(TM) can now offer a unique online mortgage product that is best in class with minimal up front investment."

The Open Solutions-Mortgage.com partnership demonstrates the Open Solutions philosophy of continuously offering additional capabilities to its signature financial software solutions. The partnership complements OSI's e-Commerce Mart software suite, the company's electronic commerce platform, which facilitates business-to-business and business-to-consumer transactions between nationally recognized partner-suppliers and the financial institution's customers.

Hernandez continued, "We are our customers' partners for life, and we are doing everything possible to ensure that their customers and members feel the same way about the institutions we serve."

Under the agreement, Open Solutions will market Mortgage.com technology and solutions to its existing and potential customers.

"Our partnership with Open Solutions expands our reach into the online mortgage solution market for community banks and credit unions," said Seth Werner, Mortgage.com chairman and chief executive officer. "These financial institutions have historically played a central role in developing communities across America. Partnering with Open Solutions allows us to give them the online tools they need to better serve their customers and communities."

Mortgage.com was founded in 1994 and is based in Sunrise, Florida. Mortgage.com is a pioneer in online mortgage banking. Mortgage.com is dedicated to reducing the cost of mortgage origination and funding by supplying financial institutions, Realtors(R) and homebuilders with point-of-sale and Internet technology, business management, loan processing, call center and mortgage funding capabilities. The Company's business-to-business customer list includes GE Capital Mortgage Services, TD Waterhouse, Prudential California Realty and Arvida Home Builders. Mortgage.com is publicly traded on the NASDAQ system under the symbol MDCM.

Open Solutions Inc. offers the Open Community Network (OCN), a comprehensive enabling platform that integrates electronic commerce with Internet banking and enterprise processing applications. OCN consists of three primary components:

e-Commerce Mart(TM) (eCM), an electronic commerce platform facilitating business-to-business and business-to-consumer transactions between nationally recognized partner-suppliers and a financial institution's customers in addition to promoting a financial institution's unique local identity.

e-Commerce Banker(TM) (eCB), a fully featured Internet banking product specifically designed to provide a financial institution's end-users with a trusted access point to financial information.

The Complete Banking Solution(R) (TCBS) and The Complete Credit Union Solution(R) (TCCUS), OSI's open architecture real time relational database enterprise processing applications that support a financial institution's entire core data processing requirements.

Open Solutions' combination of enterprise processing applications, electronic commerce and Internet banking enables community banks and credit unions to use technology and the Internet to expand their customer relationships and generate new, profitable revenue streams.