3t Systems, Inc., a national provider of enterprise-wide loan origination system (LOS) technology, and Columbia, SC-based Resource Bancshares Mortgage Group, Inc. (Nasdaq: RBMG), announced today that RBMG has selected 3t Systems' Mortgage Cadence™ to replace existing systems with one comprehensive LOS.

Acquiring the right technology and harnessing the efficiencies of the Internet are key elements of the RBMG high tech, high touch, high potential strategy of serving customers, said Douglas K. Freeman, chairman and CEO of Resource Bancshares Mortgage Group, Inc. Our selection of a single premier system in Mortgage Cadence™ to support all of our operations, gives us the platform to use today's technology to further our quest to be better, faster and more cost effective for our customers and shareholders. Everything we do is designed to prove to our customers that we are their partners for success.

RBMG is one of the fastest growing wholesale mortgage originators in the country and originates or purchases mortgages in 46 states. A financial intermediary, RBMG assists brokers and correspondents in processing, underwriting, closing and fulfilling the mortgage product. RBMG then bundles those mortgages into packages that are sold to investors. The company's headquarters is in Columbia, South Carolina, and it operates processing and fulfillment centers in Oregon, California, Missouri, Minnesota, Massachusetts, South Carolina and Florida. RBMG launched a new suite of products, Resource Mortgage Solutions (RMS), earlier this year that complement the e-business offerings the company has put in place over the past 18 months. Mortgage Cadence™ was selected in part because its components and extensibility of architecture best support these initiatives.

RBMG's selection of Mortgage Cadence™ signals that the market is now ready to embrace the industry's newest and most advanced system, said Michael Detwiler, president of 3t Systems. Mortgage Cadence™ is a complete LOS and processing system designed to increase operational efficiency and profitability, while maintaining the lowest cost of ownership in the industry.

RBMG is an organization that is very progressive about the use of technology to improve the customer experience, and we look forward to partnering with them. The software uses Microsoft's Component Object Model architecture and MSSQL 2000 as its central, normalized production database eliminating redundant data entry and having to pass information between programs. It's deployed via the Internet or an intranet without the need for expensive additional infrastructure. It has a fully active and configurable workflow engine allowing it to mirror any institution's lending mechanics and processes, intelligently synchronizing user tasks and auto-tasks, and producing audit trails that measure productivity and eliminate inefficiencies. RBMG's requirements included the need for advanced technology that could deliver a comprehensive, configurable, and scaleable solution to drive both the company's Internet initiatives and completely support back-office applications.

Mortgage Cadence™, through its advanced Internet-based software technology, will provide our company with a single system solution to support every aspect of our lending mechanics across the entire organization, said Chip Register, chief technology executive for RBMG. Through our selection process, it was clear that 3t Systems really gets it, and that the Mortgage Cadence™ technology would provide RBMG with the power and capacity we need to support our expanding Web-based business and the flexibility to automate multiple business channel workflow processes, adding value for our customers.