ADVISORY/MortgageSelect.com and LendingTree, Inc. Announcement at MBA Technology Conference.Business Editors ADVISORY...For Thursday (March 23) --(BUSINESS WIRE)
Who: MortgageSelect.com (www.mortgageselect.com), LendingTrees'
highest volume mortgage closer and the Internet-based subsidiary
of American Home Mortgage Holdings (NASDAQ: AHMH), one of
America's top ten Internet mortgage bankers, and LendingTree,
Inc., a leading Internet-based loan marketplace for consumers and
lenders
What: A joint press announcement from MortgageSelect.com and Lending
Tree, Inc.
Where: MBA Mortgage Technology Conference
MortgageSelect.com's Booth (no.212)
New Orleans, La.
When: Thursday
March 23, 2000
at 12:00 P.M. C.S.T.
MortgageSelect.com, launched in the first quarter of 1999, is the Internet-based subsidiary of American Home For the American mortgage lender, see . The American Home is a center of intercultural exchange located in Vladimir, Russia. The home is designed to model a typical American suburban home and its main focus is the ESL school that provides lessons for Russian students. Mortgage Holdings (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : AHMH AHMH American Home Mortgage Holdings, Inc. ) and the number one online mortgage originator in terms of closed loan ratio. Located in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , American Home Mortgage is one of the nation's largest Mortgage Banking firms with more than 700 employees. Of the top ten Internet mortgage origination services, MortgageSelect.com is the only one focusing on the real estate purchase market. Eighty percent of the firm's business volume comes through purchase mortgages rather than refinancing Refinancing An extension and/or increase in amount of existing debt. . Because mortgages for home purchases typically close in a timely way, the company's specialization A career option pursued by some attorneys that entails the acquisition of detailed knowledge of, and proficiency in, a particular area of law. As the law in the United States becomes increasingly complex and covers a greater number of subjects, more and more attorneys are stabilizes its income stream. Refinancing mortgage companies, on the other hand, often find their closings delayed - and their incomes diminished - when rising interest rates persuade borrowers to forego or delay closing their refinancing loans. Like a mortgage broker, MortgageSelect.com offers customers the ability to compare thousands of mortgage programs and rates from hundreds of the nation's leading wholesale lenders. As a mortgage banker Mortgage Banker A company, individual or institution that originates, sells and services mortgage loans. Notes: Don't confuse a mortgage banker with a mortgage broker. MortgageSelect.com can also directly lock-in, accept and fund any loan program a customer selects. LendingTree (NASDAQ: TREE) is the Internet-based loan marketplace for consumers and lenders. Using a simple and powerful consumer proposition, "When Banks Compete, You Win," the company collects consumer credit requests and compares those requests and related credit information to the underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. criteria of more than 100 participating lenders in the LendingTree lender network. Consumers can receive multiple offers in response to a single loan request and then compare, review, and accept the loan offer that best suits their needs. Lenders can generate new business that meets their specific underwriting criteria at reduced acquisition costs. The LendingTree marketplace encompasses most consumer credit categories, including mortgages, home equity loans, automobile loans, credit cards, and personal loans. |
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