HOUSTON, Texas - June 22, 2006 - Encomia, a provider of end-to-end eMortgage technology, is providing electronic mortgage technology to Fremont, Calif.-based Fremont Bank, a full service community bank with more than 20 branches.

Fremont plans to originate fully electronic mortgages soon through the Encomia eMortgage solution, which provides financial institutions with a comprehensive tool kit that features the creation of SMART Docs, electronic signature capability and secure document archival. As more of the bank's institutional investors continue to accept these loans, it plans to increase the size of its eMortgage portfolio.

With the implementation of the Encomia eMortgage solution, which took less than 90 days, Fremont has begun a substantial shift away from paper mortgages. SMART Doc loan applications have increased throughput and reduced the amount of time needed for a decision on funding. Additionally, the bank is already storing loan documents electronically.

Fremont selected Encomia because it was the only eMortgage technology provider that enabled fully electronic origination and allowed the bank to gradually increase the number of electronic loans in its portfolio.

"Encomia's technology, customer service and customization capabilities are years ahead of other providers," said Tami Fuller, manager of System Development and Administration of Fremont Bank. "We now have the technology in place to originate mortgages electronically. As more and more investors and borrowers become comfortable with eMortgage, this piece of our portfolio will continue to grow. As this percentage increases, our customers will see the benefit of a greater cost savings."

"The implementation of the Encomia eMortgage solution will give Fremont the tools it needs to become one of the first significant providers of electronic mortgage products," said Andrew M. Dubinsky, CEO of Encomia. "While many institutions are still looking for excuses to doubt the validity of this technology, Fremont has already implemented it. When more investors begin to catch up, and start purchasing these loans, they will find themselves holding a huge competitive advantage."

About Encomia
Encomia, Houston, enables mortgage lenders to more cost-effectively and efficiently originate mortgage loans by enabling lenders to process mortgage loans electronically, from end-to-end, and on a large-scale basis. The company's Encomia eMortgage Solution provides financial institutions with a comprehensive tool kit for full eMortgage including the creation of SMART Docs, electronic signature capability and secure document archival. Encomia's solutions are compatible with a number of third-party technologies, are adaptable to institutional standards and can be implemented in a manner that allows for gradual eMortgage adoption. To learn more about Encomia, its products and services, please visit the company's Web site at www.encomia.com.

About Fremont Bank
Fremont Bank and its divisions are committed to providing its communities with high-quality, personalized banking services in convenient neighborhood locations. Fremont Bank has built a reputation as one of the most progressive community banks in California.

Fremont Bank was founded in 1964 on the cornerstone value that continues to fuel its success today: fast, friendly, honest service. Customers can still count on receiving this exceptional level of service - a rarity in today's marketplace. For more information, call (800) 743-INFO.

Press Contacts:
Laura Owen
Public Relations, Fremont Bank
Phone: (800) 743-INFO
Email: PublicRelations@fremontbank.com