CONTACT:
David Jones, Media Contact for Solex, (678) 781-7238
Elizabeth Salter, Media Contact for Solex, (678) 781-7224

Bank of Internet Chooses the Solex Online Lending Solution

Lending portal speeds RV loan process

Idaho Falls, Idaho, May 2, 2007 - Solex, an online lending solution, announced today that San Diego-based Bank of Internet USA has selected Solex to provide sophisticated customer-financing options within seconds for RV dealerships.

The Solex solution is unique in that it is designed specifically for the consumer-lending marketplace and can effectively connect lenders and dealers through the Web, providing dealers with instant financing options for qualifying borrowers and compliant loan documents. Solex minimizes risk and streamlines processes for retailers while guarantying accuracy, security and compliance, resulting in increased revenue and efficiency.

“Our partnership with Solex is a strategic effort to enhance our approval process,” said Gary Lewis Evans, president of Bank of Internet. “Through Solex, dealers will be able to streamline the loan process, standardize the data submission to the bank and avoid bottlenecks. The integration with the Solex solution will provide an immediate cost and resource benefit that we can then pass on to our customers.”

According to Bank of Internet executives, automating the submission process between Solex and their proprietary lending system is vital to the bank’s efficiency. This integration eliminates the need for Bank of Internet to manually input customer data and ensures a complete set of data is submitted on each loan. Solex also guarantees that the document packages will contain the most current, up-to-date documents required by the lender.

“The Solex online lending solution makes dealers more efficient and gives them the ability to better manage their F & I business,” said Doug Moss, vice president of Sales for Solex, LLC. “Solex simplifies the F & I process by maintaining instant approval guidelines, reducing the response time for loan approvals and guarantying complaint document packages. Every dealer that demos Solex is amazed at how efficient and simple the product is to use. “

About Bank of Internet

San Diego-based Bank of Internet USA is a consumer focused, FDIC insured, nationwide savings bank operating primarily over the Internet. It offers a variety of consumer banking services, focusing primarily on gathering retail deposits over the Internet and originating and purchasing multifamily, single family and home equity mortgage loans and securities. The Bank also is an indirect originator of RV loans. Bank of Internet offers it products through its websites at http://www.bofi.com/, http://www.seniorbofi.com/, http://www.rvbank.com/ and http://www.apartmentbank.com/ which include deposit accounts, such as free interest-bearing checking accounts with online paid check copies, bill payment and account statements, ATM or Visa® Check Cards and ATM Fee reimbursement anywhere in the world.

About Solex

Solex (Idaho Falls, Idaho) is an online lending solution that was designed for dealers and provides Finance and Insurance (F&I) managers with instant loan approvals and compliant loan documents. Solex connects dealers, credit bureaus and lenders in a seamless integration to provide multiple financing options within seconds. All loan documents are guaranteed to be in compliance with lender and state guidelines and are compatible with all laser printers.

Additional information about Solex is available online at http://www.solex.com/.