Corporate Profile for Prism Financial Corporation, dated August 13, 1999.--(BUSINESS WIRE)-- The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services. -0-
Published Date: Aug. 13, 1999
Company Name: Prism Financial Corporation
Address: 440 North Orleans
Chicago, IL 60610
Main Telephone
Number: 312/494-0020
Internet Home
Page Address
(URL) www.prismmortgage.com
Chief Executive
Officer: Bruce Abrams
Chief Financial
Officer: David Fisher
Investor Relations
Contact: Maria McAuslan
Business number: 312/410-8645
E-mail address: maria_mcauslan@prismmortgage.com
Public Relations
Contact: Lisa Morrell
Business number: 312/410-8662
E-mail address: lisa_morrell@prismmortgage.com
Industry: Financial Services
Trading Symbol/
Exchange: PRFN
Market Makers: William Blair, ABN AMRO, Piper Jaffray
Company description: Prism Finanical Corporation (PRFN/NASDAQ) is a leading national retail mortgage banking company that originated more than $8 billion in loans in 1998, making it the 11th largest retail originator Originator A bank, savings and loan, or mortgage banker that initially made a mortgage loan that is part of a pool. Also, an investment bank that has worked with the issuer of a new securities offering from the beginning and is usually appointed manager of the underwriting in the country. Based in Chicago, Prism is nationally licensed, with more than 1,000 loan officers in 25 states. Prism operates through more than 150 retail branches as well as through partnerships with major Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the mortgage web sites. Since it was founded in 1992, Prism has been the industry's fastest-growing mortgage originator. A key factor in Prism's exceptional growth has been its operation as both 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. , 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. , closing and funding loans, and as a mortgage broker, selling the loan products of more than 100 wholesale and correspondent lenders. Prism has gained a competitive advantage by having the broadest selection of loan products at the lowest rates and with the highest level of service. Prism utilizes state-of-the-art technology to provide fast, efficient service and quick loan approvals. Prism Financial's subsidiaries include Prism Mortgage Company of Chicago, Pacific Guarantee Mortgage Corp. of Point Richmond, Calif., Mortgage Market Inc. of Lake Oswego Lake Os·we·go A city of northwest Oregon, a residential suburb of Portland. Population: 35,800. , Ore., First City Financial Corp. of Englewood, Colo., and PointSource Financial LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control of Dallas, Texas “Dallas” redirects here. For other uses, see Dallas (disambiguation). The City of Dallas (pronounced [ˈdæl.əs] or [ˈdæl. . |
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