APPRO Unveils WebApp for LoanCenter Consumer Customers; New Internet Application Enhances APPRO Users' Indirect Lending Capabilities

BATON ROUGE, La.--May 2, 20040, 2004--APPRO Systems, Inc., the leading provider of automated credit risk management and financial technologies for the lending industry, announced the official introduction of APPRO WebApp, a browser-based data entry module that enables users to submit loan applications directly through the Internet.

APPRO developed WebApp to help its customers accommodate significant growth within the Internet lending channel. The new application enables APPRO's client base to decision loans through LoanCenter Consumer(TM), APPRO's automated consumer credit evaluation system, rather than through an outsourced solution or costly proprietary Web application. By bringing the Internet application processing in-house through WebApp, APPRO's clients are able to eliminate the cost of outsourcing and gain complete control of their lending strategies. The application is available for consumer lenders of all sizes and types.

APPRO WebApp consists of a loan application template that can be easily modified to include basic images, colors, fonts and can also reconfigure required fields to meet the specific needs of clients. The application can be easily integrated into a client's Web site and with LoanCenter Consumer.

Additionally through APPRO WebApp, online borrowers can communicate directly with a customer service representative through email to have questions answered or gain additional information regarding their online loan application. The applicant can select the branch for loan closing, calculate simple interest through a loan calculator included on the Web site, select credit insurance, retrieve application status at a later time via an email address and loan application ID, as well as receive results on pre-qualification via email updates.

"We have seen the adoption rate of Internet lending accelerate greatly in the past few years," said Steve Uffman, CEO of APPRO Systems, Inc. "With the Internet channel now considered equal in terms of buyer propensity, our clients require a robust Web application that is integrated with LoanCenter Consumer. Utilizing LoanCenter Consumer as the decision engine, our clients are now able to customize their lending strategies by product and by channel, having complete control of pricing and decisioning configuration."

About APPRO Systems, Inc.

APPRO Systems, Inc. is the lending industry's leading provider of comprehensive, automated credit risk management and financial technologies for the Internet and traditional lending environments. APPRO supports more than 400 financial institutions, with customers of all types in the United States, Canada and Puerto Rico. The company provides rapid implementation time and professional services for its signature product, LoanCenter(TM), a scalable software system that enables high decision quality and speed and automates the entire workflow of processing credit applications and originating loans for lenders of all sizes. The 25-year-old company is based in Baton Rouge, La. with additional offices in Dallas, Texas. For additional information about APPRO, visit the company's Web site at www.approsystems.com.