Lioninc.com Provides Mortgage Rates and Information to Go2Net
/FROM PR NEWSWIRE SAN FRANCISCO 415-543-7800/
TO BUSINESS AND TECHNOLOGY EDITORS:
Lioninc.com Provides Mortgage Rates and Information to Go2Net
Introduces Mortgage101.com Interest Rate Search to Go2Net's Real Estate
Channel
SEATTLE, Nov. 15 /PRNewswire/ -- Lioninc.com, a wholly owned subsidiary of
LION, Inc. (OTC Bulletin Board: LINC), the leading provider of Internet
products and services for the $1+ trillion mortgage industry, today announced
an agreement with Go2Net to market its Mortgage101.com's interest rate search
offerings on Go2Net's ( go2net.com ) Real Estate Search Channel.
This agreement gives Go2Net's users access to competitive interest rates from
more than 700 national and local mortgage companies, and enables them to
search Mortgage101.com's extensive library of information. Financial terms of
the agreement were not disclosed.
These features will enable Go2Net's online consumers to not only search
for current mortgage interest rates and fees, but will also allow them to pre-
qualify and apply for a mortgage loan directly with the mortgage company of
their choice. Loan applications originated via this path allow for mortgage
companies to electronically and seamlessly submit files through LION's
Automated Underwriting (AU) services for instant loan decisions.
"This initiative embodies our mission to obtain increased visibility for
our consumer mortgage sites, which already receive over 600,000 unique
visitors per month," states Joe Ringer, Executive Vice President of
Lioninc.com. "By increasing the number of consumers that visit our sites, we
continue to bring home buyers and mortgage companies together with the choice,
convenience and cost advantages of the Internet. Go2Net is one of the premier
sites on the Internet and offers an excellent vehicle for generating traffic."
"Lioninc.com has established itself as a leader in offering first-class
tools and resources focused on the mortgage industry, and we're pleased to be
working with them," said Dan Ballister, Go2Net's national sales director.
About Lioninc.com
Lioninc.com was one of the first American businesses to provide service
over the Internet. It has emerged as the premier provider of cutting-edge
Internet products for the $1+ trillion mortgage industry. It is using the
fastest-growing information channel ever developed -- the Internet -- to bring
together households, real estate companies, mortgage brokers, mortgage
lenders, and financial institutions so that each group's home loan needs can
be quickly, easily and efficiently met.
Lioninc.com's number one initiative is to design the infrastructure that
makes possible the origination and underwriting of loans -- electronically
-- over the Internet. Lioninc.com is currently developing "automated
underwriting" (AU) technology that enables borrowers, brokers and lenders to
send, receive and approve loan applications over the Internet (through
LionAU.com).
In addition, through its LION-Pro service, Lioninc.com provides
information on 17,000 wholesale loan programs offered by 450 mortgage lenders
throughout the U.S. This mortgage loan database is the largest on the
Internet and is updated daily. Subscribers can use the Internet to make loan
searches on this extensive database in order to find the best loan products
for their customers. Using fast search engines developed by Lioninc.com,
these searches only take moments. More than 5,600 mortgage brokers subscribe
to this service through www.Lioninc.com.
Lioninc.com also provides the mortgage community with web site development
and hosting over the Internet. Lioninc.com is #1 in the nation in the
development and hosting of wholesale lender home pages, #1 in the nation for
the development and hosting of web pages for Broker Associations, and #2 in
the nation in the development and hosting of web pages for mortgage brokers.
Additionally, through LionChoice.com, it helps brokers and lenders develop
strategies to capture business from the Internet. Lioninc.com also created
and maintains two consumer portals, America Mortgage Online
(www.amo-mortgage.com) and Mortgage 101 (www.mortgage101.com) where brokers
can advertise their rates to over 600,000 unique visitors per month and
borrowers can go to retrieve information.
Lioninc.com is headquartered at 2201 Lind Avenue, Renton, WA 98055.
Telephone: 800-546-6463. Fax: 425-902-4141. The LIONChoice office is
located at 2828 Speer Blvd., #210, Denver, CO 80211. Telephone:
800-786-8083.
Fax: 303-455-4100. For more information on Lioninc.com, visit the company
web sites at www.lioninc.com and www.lionchoice.com. For more information on
LION, Inc. (formerly Plenum Communications) visit www.lioncorp.net.
About Go2Net, Inc.
Go2Net (www.go2net.com) is a network of branded, technology- and
community-driven Web sites focused on the categories of personal finance;
search and directory; commerce and business services; and multi-player games.
The Go2Net Network is home to many of the Internet's leading vertical brands,
including: Silicon Investor in the personal finance category; Go2Net.com,
MetaCrawler, Dogpile, and 100hot in the area of search and directory;
HyperMart, Virtual Avenue, FreeYellow.com, Authorize.Net, Haggle Online, and
WebMarket in the commerce and business services segment; and PlaySite in the
area of multi-player games. The company's Go2Net Labs division develops
Web-related software and innovative technologies to enhance the features and
functionality of the Go2Net Network's sites and for licensing to other
Internet companies.
SOURCE Lioninc.com
/CONTACT: Sam Ringer, President/CEO of Lioninc.com, 800-546-6463; orDavid
Charnock, Investor Relations of LION, Inc., 888-541-5466/
/Web site: go2net.com
/Web site: lioncorp.net
Nov-15-1999 09:15 GMT
Symbols:
US;LINC
Source PRN PR NewsWire
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