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Non-Tech : BASIS100 BAS-TSE -- Ignore unavailable to you. Want to Upgrade?

To: Al Collard who wrote (87)	9/26/2001 10:13:06 AM
From: Kevin G. O'Neill	Read Replies (1) \| Respond to of 104

National Bank of Canada Equips its Mobile Mortgage Sales Force with Basis100's Technology Solutions biz.yahoo.com Wednesday September 26, 8:52 am Eastern Time Press Release SOURCE: Basis100 Inc. National Bank of Canada Equips its Mobile Mortgage Sales Force with Basis100's Technology Solutions National Bank becomes the second of the Big Six Banks to use Basis100's HomeBASE(TM) TORONTO and MONTREAL, Sept. 26 /CNW/ - Basis100 Inc. (BAS: TSE), an e- commerce technology solutions provider for the financial services industry, announced today that National Bank of Canada has signed a multi-year contract to equip its mobile mortgage sales force with Basis100's HomeBASE solution. The National Bank mobile mortgage sales force will now be able to use their laptops to create a mortgage application and transmit it electronically to National Bank's Mortgage Center for approval from a client's home or on the road. The HomeBASE application is connected to National Bank's own credit scoring system, as well as Canada Mortgage Housing Corporation (CMHC) and GE Mortgage Insurance Company, so that decisions can be made quickly and seamlessly without the need to re-key information into multiple systems. This allows the Bank's mortgage specialist to provide a faster response to the client and reduces the time and effort in processing the mortgage application. "Basis100's technology solution will increase efficiencies and service levels, allowing us to provide our clients with the quality of service they deserve", stated Jean Houde, Senior Vice President Retail of the National Bank of Canada. Mr. Houde continued by stating, "Basis100 has a proven record and an attractive offering. We are continuing discussions with Basis100 to explore other solutions, such as BasisXpress(TM)." The Bank's mortgage specialists will also have the ability to provide the client with various payment options, and potential financing scenarios with calculation tools built into the HomeBASE application. The additional functionality available with the HomeBASE application will allow the mortgage specialist to track their prospects, referral sources, and manage their individual operations more effectively. "This is yet another example of how our overall solutions offer great value and flexibility to meet the needs of financial institutions in today's dynamic environment. We partner with our clients to continuously offer and provide "best-of-breed" practices and solutions to meet their specific needs" stated Gary Bartholomew, CEO and Chairman of Basis100 Inc. The development of National Bank's HomeBASE solution has already begun and will be rolled-out to the Bank's sales force in December 2001. National Bank's mobile sales force is 115 strong and is quickly becoming a significant provider of annual mortgage origination for the Bank. Basis100 earns transaction fees from lenders for each mortgage or loan funded or transacted through BasisXpress and LenderBASE applications. Basis100 also earns transaction fees from its other products such as MortgageBASE(TM), HomeBASE, and ConsumerBASE(TM). These front-end applications connect electronically to BasisXpress or LenderBASE, enabling Basis100 to earn fees throughout the full mortgage process. About National Bank of Canada National Bank of Canada is an integrated financial group whose mission is to provide comprehensive financial services to consumers, small and medium- sized enterprises and large corporations in its core market, while offering specialized services to its clients elsewhere in the world. The National Bank offers a full array of banking services, including all the investment banking services required by large corporations. It is an active player on international capital markets and, through its subsidiaries, is involved in securities brokerage, insurance and wealth management as well as mutual fund and retirement plan management. Ranking sixth among Canada's chartered banks, the National Bank is the leading banking institution in Quebec and the bank of choice for independent businesses. It has branches in every province of Canada. Through its representative offices, subsidiaries and alliances, it is also represented in the United States, Europe and elsewhere in the world. Its assets now exceed $70 billion and, together with its subsidiaries, it employs over 17,000 people. The Bank's head office is in Montreal and its shares are listed on the Toronto Stock Exchange. About Basis100 Basis100 is a leading e-commerce technology solution provider for financial institutions and service providers enabling them to build, distribute, buy and sell their products and services in new ways. Basis100 is focused on the mortgage origination, consumer credit, fixed income trading, and service vendor markets across North America. For more information about Basis100, visit www.basis100.com. Forward-looking (safe harbour) statement Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement containing words such as "believes", "plans", "expects" or "intends" and other statements which are not historical facts contained in this release are forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements. %SEDAR: 00002699E VIEW ADDITIONAL COMPANY-SPECIFIC INFORMATION: newswire.ca