MORTGAGE.COM TO OFFER ON-LINE HOME FINANCING ON GOMEZ
ADVISORS' SITE AGREEMENT BRINGS SUPERIOR WEB-BASED
MORTGAGE PLATFORM TO LEADING E-Commerce Advocate for
Consumer Information
SUNRISE, Fla., Feb 1, 2000 /PRNewswire via COMTEX/ -- Mortgage.com
(Nasdaq: MDCM), a pioneer of Web-based mortgage solutions, today
announced that it will be the exclusive provider of home-financing
products for the Web site (http://www.gomez.com) of Gomez Advisors, the
leading consumer advocate for online services.
The agreement provides for Mortgage.com to offer its Internet mortgage
technology to Gomez Advisors and over 150 home-financing products to
the Web site's sophisticated customer base, with all loans originated
and closed in the Mortgage.com name.
Gomez Advisors is the e-commerce authority and leading resource for
consumer information on the Internet. Its Web site attracts a vast
array of customers who are looking for well-researched and unbiased
advice on all types of consumer-oriented Internet services, covering
such subjects as personal finance, travel, shopping, autos, auctions,
health, computers and home and garden.
"This partnership allows us to bring our mortgage-technology expertise
right to the Gomez site so that its customers can obtain home financing
at the lowest rates available," said Seth Werner, Chairman, President
and Chief Executive Officer at Mortgage.com. "We look forward to our
alliance with the leading e-commerce expert, which has made a name for
itself by providing fair analysis of best practices of Web-based
services, and the chance to offer our mortgage products to a new set of
educated consumers."
The agreement announced today with Gomez Advisors is one of many
co-branding partnerships for Mortgage.com that advances the Company's
business-to-business strategy, which brings Internet technology and
mortgage expertise to such sites as TDWaterhouse, RoadRunner,
GoSmallBiz.com and Bank Rate Monitor. Mortgage.com is also an industry
leader in the delivery of its Internet mortgage technology to
Realtors(R), homebuilders and trusted financial planners so that they
can offer home financing right at the point of sale to help build their
businesses.
About Mortgage.com Founded in 1994 and based in Sunrise, Florida,
Mortgage.com (formerly First Mortgage Network) is a pioneer in online
mortgage banking and consumer direct mortgage lending. As both a
technology provider and mortgage provider, Mortgage.com is responsible
for approximately $3 billion in loans annually, originating and closing
3,592 loans, with a total principal amount of $687 million in the third
quarter of 1999 alone. Mortgage.com is dedicated to reducing the cost
of mortgage origination and funding by supplying Realtors(R),
homebuilders, and financial institutions with point-of-sale and
Internet technology, business management, loan processing, and call
center and mortgage funding capabilities. The Company's
business-to-business customer list is a "who's who" of the financial
community, including GE Capital Mortgage Services, Fleet, First Union,
Net.B@nk, Prudential, Arvida Home Builders, Superior Bank and Fannie
Mae. Mortgage.com is publicly traded on the NASDAQ system under the
symbol MDCM.
About Gomez Advisors Gomez Advisors is a Lincoln, Mass.,
research-and-analysis firm specializing in electronic commerce. Its Web
site, gomez.com, is a hub that delivers research, products,
and tools to consumers to help them determine where they can conduct
effective e-commerce transactions. Gomez's Scorecards rank online
commerce providers, and its research is quoted almost daily on CNBC and
NPR, among other top news sources. Gomez has Scorecards for popular
personal finance e-commerce areas, including investing, banking and
insurance.
This press release includes "forward-looking" statements that reflect
our current view with respect to future events and financial
performance. We use words such as "anticipate," "believe," "expect,"
"future," "plan," "estimate," and "intend," and similar expressions, to
identify forward looking statements. The forward-looking statements in
this release are made pursuant to the Safe Harbor Provisions of the
Private Securities Litigation Reform Act of 1995. You should be aware
that actual results may differ materially from our expressed
expectations because of risks and uncertainties inherent in future
events, including such uncertainties as are described in registration
statements, reports and other documents filed by the Company from time
to time with the Securities and Exchange Commission pursuant to the
Securities Act of 1933 and the Securities Exchange Act of 1934.
Specific reference is made to the risks and uncertainties described in
the Registration Statement on Form S-1 (Registration No. 333-79757)
filed by the Company in connection with its Initial Public Offering
effective August 11, 1999.
SOURCE Mortgage.com
(C) 2000 PR Newswire. All rights reserved.
prnewswire.com
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CONTACT: Ginny Cain of Mortgage.com, 925-974-5476,
ginnycain@mortgage.com; Mark Kollar of Broadgate Consultants,
Inc.,
212-232-2248, mkollar@broadgate.com, for Mortgage.com
WEB PAGE: gomez.com
GEOGRAPHY: Florida
INDUSTRY CODE: FIN
MLM
SUBJECT CODE: PDT
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