Thursday August 19, 9:16 pm Eastern Time
Company Press Release
SOURCE: Lenders Interactive Online Network
LION Expands Service in Florida
Six New Regional Databases Provide Added Value to Florida Mortgage Brokers
SEATTLE, Aug. 19 /PRNewswire/ -- Lenders Interactive Online Network (LION), a wholly owned subsidiary of Plenum Communications, Inc. (OTC Bulletin Board: PLNM - news), the leading provider of Internet products and services for the mortgage industry, announced the creation of six new regional databases for the state of Florida. These databases were created to provide brokers and lenders with the ability to offer mortgage loan information in 6 new local areas in Florida. By using LION's Loan Search(TM), brokers can find home loans for their borrowers in their local area.
Home loan information will now be available for the following regions: Miami/Ft. Lauderdale/Boca Raton, Orlando/Daytona Beach, Jacksonville/Gainesville, Tallahassee, Tampa, and Naples/Ft. Myers.
''Florida is a very important market for LION's customers,'' stated Sam Ringer, President and CEO of LION. ''We are committed to providing the best service possible to our Florida brokers and lenders. By adding these new databases, we will help find home loans for the many residents of Florida.''
About LION
LION is using the fastest-growing information channel ever developed -- the Internet -- to bring together households, real estate companies, mortgage brokers, mortgage lenders, and huge financial institutions so that each group's business needs can be met quickly, easily and efficiently.
Over the last nine years, LION has drawn upon its deep technological and mortgage industry background to emerge as the premier provider of cutting-edge Internet products for the mortgage industry. ''For example, most recently LION created Fannie Mae's new Internet technology that allows mortgage brokers, who are sponsored by Fannie Mae-approved lenders, to submit loans electronically directly to Fannie Mae via the Internet (through lioninc.com). Additionally, LION offers Internet products and services to households seeking home loans, to real estate companies wanting mortgage centers created on their web sites, to mortgage brokers who want to create electronic linkages to households and lenders, and for mortgage lenders who want to fully take advantage of the electronic revolution occurring in the $1+ trillion mortgage industry.
LION's Internet portal, www.lioninc.com, provides the most extensive mortgage database on the Internet. This database of mortgage rate and fee information is updated on a daily basis, and in order to account for variations around the country, has been subdivided into 37 separate geographic locations. LION delivers this information in seconds via the Internet to subscribing brokers through LION's password protected, subscription-based Web site, www.lioninc.com. LION provides information on 11,000+ wholesale lender programs, which represents approximately 11 million loan alternatives for the broker. Mortgage brokers can instantly find loans that meet the needs of their client by entering information in LION Loan Search(TM). More than 450 wholesale mortgage lenders and over 5,000 mortgage brokers participate in the service. LION is the nation's leading developer of Internet homepage Web sites for member lenders and brokers. LION is headquartered at 3003 80th Ave. SE, Mercer Island, WA 98040. Telephone: 888-251-7616. Fax: 509-325-3587. For more information on LION, visit the company's Web site at lioninc.com. For more information on Plenum Communications Inc. visit plenum.net.
SOURCE: Lenders Interactive Online Network |
