IMX Exchange, the on-line bidding system for mortgage brokers and lenders, has secured an additional $22 million in backing from investors, bringing its war chest to $40 million.

The investors in the San Ramon, Calif.-based company, whose system enables originators to lock in residential mortgage loans over a computerized network, are led by Lehman Brothers and include Citicorp Inc., BancBoston Capital Inc., and Presidio Venture Partners.

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