INDIANAPOLIS, Nov. 19 /PRNewswire/ -- Banc One Mortgage Corporation
President Jeffrey P. Gaia announced that CYBERTEK(R) Corporation has signed an
exclusive licensing agreement for Banc One Mortgage Corporation's
client/server Mortgage Loan Origination Management System.  The agreement
provides CYBERTEK and COGENSYS, its mortgage banking entity, with a strategic,
next generation application for mortgage loan origination, processing and
secondary marketing. CYBERTEK Corporation, which is headquartered in Dallas,
is a wholly-owned subsidiary of Policy Management Systems Corporation(R)
(NYSE: PMS) (PMSC(R)).
    Banc One Mortgage President Gaia said that, "This relationship takes
advantage of CYBERTEK's technology strengths in development and distribution
and of Banc One Mortgage's strengths in mortgage product delivery."  He added
that, "Banc One Mortgage will continue to develop business relationships with
innovative participants in the mortgage and real estate finance industry.  We
will continue to partner with businesses, like CYBERTEK, in order to leverage
each others' strengths."
    The Windows(R) based system has been in production at Banc One Mortgage
Corporation since December 1995.  The system uses a single integrated data
base to support the entire origination, processing, underwriting and secondary
marketing system.  Workbenches are used to support the various team functions
and manage the entire loan production pipeline and associated processes.  Banc
One designed the system's architecture using state of the art tools,
technology and design methods to meet the demands of today's mortgage
marketplace and to provide flexibility to respond to tomorrow's emerging
electronic distribution models.
    CYBERTEK President Paul Butare said, "This partnership is of major
strategic importance to us in becoming a full service provider of solutions
and services to the mortgage industry.  It is a natural extension to our
current Decision Wise(TM) automated underwriting platform and the other
technology initiatives we are introducing to the mortgage industry."  He
continued, "Many of our current customers and prospects are looking for their
next generation origination system and have shared their requirements with us.
We believe that we now have a system to meet their needs."
    Banc One Mortgage Corporation is a subsidiary of Banc One Corporation
(NYSE: ONE) which is headquartered in Columbus, Ohio.  Banc One had assets of
$98.6 billion as of September 30, 1996 and now operates approximately
1,500 banking offices in Arizona, Colorado, Illinois, Indiana, Kentucky,
Louisiana, Ohio, Oklahoma, Texas, Utah, West Virginia and Wisconsin.  Banc One
also owns additional corporations that engage in credit card and merchant
processing, consumer finance, mortgage banking, insurance, investment
management, trust, brokerage, investment and merchant banking, venture
capital, equipment leasing and data processing.
    Information about Banc One's financial results and its products and
services can be accessed on the Internet at:  http://www.bankone.com and
through InvestQuest(TM) World Wide Web:  http://www.investquest.com
    Fax-on-demand:  614-844-3860

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