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                                                                    Exhibit 10.4

                 2000 NONEMPLOYEE DIRECTORS STOCK OPTION PLAN
                                      OF
                                  PAYMAP INC.


      1.  PURPOSES OF THE PLAN
          --------------------

          The purposes of the 2000 Nonemployee Directors Stock Option Plan of
Paymap Inc., a Delaware corporation, are: (a) to encourage Nonemployee Directors
to accept or continue their association with the Company; and (b) to increase
the interest of Nonemployee Directors in the Company's operations and increased
profits through participation in the growth in value of the Common Stock of the
Company.

      2.  DEFINITIONS
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          As used herein, the following definitions shall apply:

         (a)   "Administrator" shall mean the entity, either the Board or a
                -------------
committee appointed by the Board, responsible for administering this Plan, as
provided in Section 5.

         (b)   "Affiliate" shall mean a parent or subsidiary corporation as
                ---------
defined in the applicable provisions of the Code.

         (c)   "Annual Option" shall have the meaning set forth in Section 6(b).
                -------------

         (d)   "Board" shall mean the Board of Directors of the Company, as
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constituted from time to time.

         (e)   "Code" shall mean the Internal Revenue Code of 1986, as amended.
                ----

         (f)   "Common Stock" shall mean the Common Stock of the Company.
                ------------

         (g)   "Company" shall mean Paymap Inc., a Delaware corporation.
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         (h)   "Director Fee" shall mean the cash amount, if any, a Nonemployee
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Director shall be entitled to receive for serving as a director of the Company
in any fiscal year.

         (i)   "Fair Market Value" shall mean, as of the date in question, the
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last transaction price quoted by the Nadsaq National Market System on the date
of grant; provided, however, that if the Common Stock is not traded on such
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market system or the
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foregoing shall otherwise be inappropriate, then the Fair Market Value shall be
determined by the Administrator in good faith at its sole discretion and on such
basis as it shall deem appropriate. Such determination shall be conclusive and
binding on all persons.

         (j)   "Initial Option" shall have the meaning set forth in Section
                --------------
6(a).

         (k)   "Nonemployee Director" shall mean any person who is a member of
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the Board but is not an employee of the Company or any Parent or Subsidiary of
the Company and has not been an employee of the Company or any Parent or
Subsidiary of the Company at any time during the preceding 12 months.

         (l)   "Option" shall mean a stock option granted pursuant to this Plan.
                ------

         (m)   "Option Agreement" shall mean the written agreement described in
                ----------------
Section 6(c) evidencing the grant of an Option to a Nonemployee Director and
containing the terms, conditions and restrictions pertaining to such Option.(n)
"Option Shares" shall mean the Shares subject to an Option granted under this
Plan.

         (o)   "Optionee" shall mean a Nonemployee Director who holds an Option.
                --------

         (p)   "Parent" shall mean a "parent corporation," whether now or
                ------
hereafter existing, as defined in Section 424(e) of the Code.

         (q)   "Plan" shall mean this 2000 Nonemployee Directors Stock Option
                ----
Plan of Paymap Inc., as it may be amended from time to time.

         (r)   "Rule 16b-3" shall mean Rule 16b-3 promulgated by the Securities
                ----------
and Exchange Commission, or any successor rule thereto.

         (s)   "Section" unless the context clearly indicates otherwise, shall
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refer to a Section of this Plan.

         (t)   "Share" shall mean a share of Common Stock, as adjusted in
                -----
accordance with Section 7(a).

        (u)    "Subsidiary" shall mean a "subsidiary corporation" of the
                ----------
Company, whether now or hereafter existing, within the meaning of Section 424(f)
of the Code, but only for so long as it is a "subsidiary corporation".

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      3.  ELIGIBLE PERSONS
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          Every person who at the date of grant of an Option is a Nonemployee
Director is eligible to receive Options under this Plan.

      4.  STOCK SUBJECT TO THIS PLAN
          --------------------------

          Subject to Section 7(a) of this Plan, the maximum aggregate number of
Shares which may be issued on exercise of Options granted pursuant to this Plan
is 275,000 Shares.  The Shares covered by the portion of any grant under the
Plan which expires unexercised shall become available again for grants under the
Plan.

      5.  ADMINISTRATION
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          (a) This Plan shall be administered by the Board, or by a committee
(the "Committee") of at least two Board members to which administration of the
Plan is delegated (in either case, the "Administrator"), in accordance with the
requirements of Rule 16b-3.

          (b) Subject to the other provisions of this Plan, the Administrator
shall have the authority, in its sole discretion: (i) to determine the Fair
Market Value of the Shares subject to Option; (ii) to interpret this Plan; (iii)
to prescribe, amend and rescind rules and regulations relating to this Plan;
(iv) to defer (with the consent of the Optionee) or accelerate the exercise date
of any Option; (v) to authorize any person to execute on behalf of the Company
any instrument evidencing the grant of an Option; and (vi) to make all other
determinations deemed necessary or advisable for the administration of this
Plan. The Administrator may delegate nondiscretionary administrative duties to
such employees of the Company as it deems proper.

          (c) All questions of interpretation, implementation and application of
this Plan shall be determined by the Administrator. Such determination shall be
final and binding on all persons.

      6.  GRANT OF OPTIONS
          ----------------
          (a)  Grant for Initial Election or Appointment to Board. Subject to
               --------------------------------------------------
the terms and conditions of this Plan, beginning at any time after the Company's
2000 Annual Stockholder's meeting if any person who is not an officer or
employee of the Company is first elected or appointed as a member of the Board
and is otherwise considered a "Nonemployee Director" as defined herein, then the
Company shall grant to such Nonemployee Director on such day an Option to
purchase 16,500 Shares ("Initial Option") at an exercise price equal to the Fair
Market Value of such Shares on the date of such Initial Option grant, subject to
the limitation of Section 7(i).

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          (b)  Grant for Re-election to Board. Subject to the terms and
               ------------------------------
conditions of this Plan, on the date of the first meeting of the Board
immediately following each annual meeting of stockholders of the Company
beginning with the Company's 2000 Annual Stockholders Meeting (even if held on
the same day as the meeting of stockholders) the Company shall grant to each
Nonemployee Director then in office for longer than six months, an Option to
purchase 5,500 shares (the "Annual Option") at an exercise price equal to the
Fair Market Value of such Shares.

          (c)  No Option shall be granted under this Plan after ten years from
the date of adoption of this Plan by the Board. Each Option shall be evidenced
by a written Option Agreement, in form and substance satisfactory to the
Company, executed by the Company and the Optionee. Failure by the Company, the
Nonemployee Director, or both to execute an Option Agreement shall not
invalidate the granting of an Option; however, the Option may not be exercised
until the Option Agreement has been executed by both parties.

      7.  TERMS AND CONDITIONS OF OPTIONS
          -------------------------------
          Each Option granted under this Plan shall be subject to the terms
and conditions set forth in this Section 7.

          (a)  Changes in Capital Structure.  Subject to subsection 7(b), if the
Common Stock is changed by reason of a stock split, reverse stock split, stock
dividend, or recapitalization, or converted into or exchanged for other
securities as a result of a merger, consolidation, or reorganization,
appropriate adjustments shall be made in:  (i) the number and class of shares of
Common Stock subject to this Plan and each Option outstanding under this Plan;
and (ii) the exercise price of each outstanding Option; provided, however, that
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the Company shall not be required to issue fractional shares as a result of any
such adjustment.  Each such adjustment shall be subject to approval by the
Administrator in its sole discretion.

          (b)  Corporate Transactions.  In the event of a merger, consolidation,
               ----------------------
reorganization, similar transaction or series of related transactions in which
the holders of the Company's outstanding shares immediately before such
transaction or series of transactions do not, immediately after such transaction
or series of transactions, retain stock representing a majority of the voting
power of the surviving entity or in the event of a sale of all or substantially
all of the assets of the Company, all outstanding Options shall become vested,
and any right of repurchase shall lapse, immediately prior to the consummation
of such transaction, and each Option shall thereafter remain exercisable for a
period of thirty days from the consummation of such transaction.

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          (c)  Time of Option Exercise.  Subject to the other provisions of this
               -----------------------
Plan, each Option shall be for a term of ten years.  Each Option shall be
exercisable in full on the date of grant.  At the discretion of the
Administrator, the Company shall have a right of repurchase of Option Shares.
The Administrator shall have the discretion to specify the times at which such
right of repurchase shall lapse; provided, however, that the right of repurchase
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must lapse at the rate of at least 25% per year over four years from the date
the option was granted.

          (d)  Limitation on Other Grants.  The Administrator shall have no
               --------------------------
discretion to grant Options under this Plan other than as set forth in Sections
6(a) and 6(b).

          (e)  Nonassignability of Option Rights.  No Option shall be assignable
               ---------------------------------
or otherwise transferable by the Optionee, except by will or the laws of descent
and distribution.  During the life of an Optionee, an Option shall be
exercisable only by the Optionee.

          (f)  Payment.  Except as provided below, payment in full, in cash,
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shall be made for all Option Shares purchased at the time written notice of
exercise of an Option is given to the Company, and proceeds of any payment shall
constitute general funds of the Company.  Payment may also be made pursuant to a
cashless exercise/sale procedure.  At the time an Option is granted or
exercised, the Administrator, in its absolute discretion, may authorize any one
or more of the following additional methods of payment:  (i) acceptance of the
Optionee's full recourse promissory note for all or part of the Option price,
less any par value per share, which must be paid in cash, payable on such terms
and bearing such interest rate as determined by the Administrator (but in no
event less than the minimum interest rate specified under the Code at which no
additional interest on debt instruments of such type would be imputed), which
promissory note may be either secured or unsecured in such manner as the
Administrator shall approve (including, without limitation, by a security
interest in the Shares); (ii) delivery by the Optionee of Common Stock already
owned by the Optionee for all or part of the Option price, provided the Fair
Market Value of such Common Stock is equal on the date of exercise to the Option
price, or such portion thereof as the Optionee is authorized to pay by delivery
of such stock; provided, however, that if an Optionee has exercised any portion
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of any Option granted by the Company by delivery of Common Stock, the Optionee
may not, within six months following such exercise, exercise any Option granted
under this Plan by delivery of Common Stock; and (iii) any other consideration
and method of payment to the extent permitted under the Delaware General
Corporation Law.

          (f) Termination as Director.  Unless determined otherwise by the
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Administrator in its absolute discretion, to the extent not already expired or
exercised, an


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Option shall terminate at the earlier of: (i) the expiration of the term of the
Option; or (ii) three months after the last day served by the Optionee as a
director of the Company; provided, that an Option shall be exercisable after the
                         --------
date of termination of service as a director only to the extent exercisable on
the date of termination; and provided further, that if termination of service as
                             ----------------
a director is due to the Optionee's death or "disability" (as determined in
accordance with Section 22(e)(3) of the Code), the Optionee, or the Optionee's
personal representative (or any other person who acquires the Option from the
Optionee by will or the applicable laws of descent and distribution), may at any
time within 12 months after the termination of service as a director (or such
lesser period as is specified in the Option Agreement but in no event after the
expiration of the term of the Option), exercise the rights to the extent they
were exercisable on the date of the termination.

          (g)  Withholding and Employment Taxes.  At the time of exercise of an
               --------------------------------
Option (or at such later time(s) as the Administrator may prescribe), the
Optionee shall remit to the Company in cash all applicable federal and state
withholding and employment taxes.  If authorized by the Administrator in its
sole discretion, an Optionee shall be permitted to elect, by means of a form of
election to be prescribed by the Administrator, to have shares of Common Stock
which are acquired upon exercise of the Option withheld by the Company or to
tender to the Company other shares of Common Stock or other securities of the
Company owned by the Optionee on the date of determination of the amount of tax
to be withheld as a result of the exercise of such Option (the "Tax Date") to
pay the amount of withholding taxes due.  Any securities so withheld or tendered
shall be valued by the Company as of the Tax Date.

          (h)  Option Term.  Each Option shall expire ten years after the date
               -----------
of grant.

          (i)  Exercise Price. The exercise price of any Option granted to any
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person who owns, directly or by attribution under the Code currently Section
424(d), stock possessing more than ten percent of the total combined voting
power of all classes of stock of the Company or of any Affiliate (a "Ten Percent
Stockholder") shall in no event be less than 110% of the fair market value
(determined in accordance with 2(i) of the stock covered by the Option at the
time the Option is granted.

      8.  MANNER OF EXERCISE
          ------------------
          (a) An Optionee wishing to exercise an Option shall give written
notice to the Company at its principal executive office, to the attention of the
officer of the Company designated by the Administrator, accompanied by payment
of the exercise price as provided in Section 7(e) and, if required, by payment
of any federal or state withholding or employment taxes required to be withheld
due to exercise of the Option.


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The date the Company receives written notice of an exercise accompanied by
payment of the exercise price and any required federal or state withholding or
employment taxes will be considered as the date such Option was exercised.
Unless otherwise provided by the Administrator, Options may be exercised only
twice in any calendar year.

          (b)  Promptly after the date an Option is exercised, the Company
shall, without stock issue or transfer taxes to the optionee or other person
entitled to exercise the Option, deliver to the Optionee or such other person a
certificate or certificates for the requisite number of shares of Common Stock.
An Optionee or transferee of an Optionee shall not have any privileges as a
stockholder with respect to any Common Stock covered by the Option until the
date of issuance of a stock certificate.

      9.  NO RIGHT TO DIRECTORSHIP
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          Neither this Plan nor any Option shall confer upon any Optionee any
right with respect to continuation of the Optionee's membership on the Board or
shall interfere in any way with provisions in the Company's Certificate of
Incorporation, as amended, and Bylaws, as amended, relating to the election,
appointment, terms of office, and removal of members of the Board.

      10.  LEGAL REQUIREMENTS
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          The Company shall not be obligated to offer or sell any Shares upon
exercise of any Option unless the Shares are at that time effectively registered
or exempt from registration under the federal securities laws and the offer and
sale of the Shares are otherwise in compliance with all applicable securities
laws and the regulations of any stock exchange on which the Company's securities
may then be listed.  The Company shall have no obligation to register the Shares
covered by this Plan under the federal securities laws or take any other steps
as may be necessary to enable the Shares covered by this Plan to be offered and
sold under federal or other securities laws.  Upon exercising all or any portion
of an Option, an Optionee may be required to furnish representations or
undertakings deemed appropriate by the Company to enable the offer and sale of
the Shares or subsequent transfers of any interest in the Shares to comply with
applicable securities laws.  Certificates evidencing Shares acquired upon
exercise of Options shall bear any legend required by, or useful for purposes of
compliance with, applicable securities laws, this Plan or the Option Agreements.

      11.  AMENDMENTS TO PLAN
           ------------------

          The Board may amend this Plan at any time.  Without the consent of an
optionee, no amendment may adversely affect outstanding Options.  No amendment
shall require stockholder approval unless:

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          (a)  stockholder approval is required to meet the exemptions provided
by Rule 16b-3, or any successor rule thereto or under applicable state statutes;
or
          (b)  the Board otherwise concludes that stockholder approval is
advisable.

      12.  STOCKHOLDER APPROVAL; TERM
           --------------------------

          This Plan shall become effective upon adoption by the Board of
Directors; provided, however, that no Option shall be exercisable unless and
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until written consent of holders of a majority of the outstanding shares of
capital stock of the Company, or approval by holders of a majority of shares of
capital stock of the Company present, or represented, and entitled to vote at a
validly called stockholders' meeting (or such greater number as may be required
by law or applicable governmental regulations or orders) is obtained within 12
months after adoption by the Board.  This Plan shall terminate ten years after
adoption by the Board unless terminated earlier by the Board.  The Board may
terminate this Plan at any time without stockholder approval.  No Options shall
be granted after termination of this Plan, but termination shall not affect
rights and obligations under then-outstanding Options.


Adopted by the Board of Directors:   February 10, 2000

Approved by the Stockholders:  _____________, 2000