VerticalNet Named Technology Provider for MortgageRamp(SM)
MortgageRamp to use VerticalNet Solutions Technology in New Commercial Mortgage Products
SAN FRANCISCO, Jan 10, 2001 /PRNewswire via COMTEX/ -- VerticalNet Solutions, an innovator in building digital marketplaces and a division of VerticalNet, Inc. (Nasdaq: VERT chart, msgs), today announced that it will provide its VerticalNet eMarketplace Suite(TM) technology platform to MortgageRamp, the only online full-service commercial real estate community.
"MortgageRamp is a prime example of how our customers can leverage the technological strengths of VerticalNet," said Zev Laderman, president of VerticalNet Solutions. "Using our eMarketplace Suite platform, MortgageRamp will give customers faster, more reliable and easier access to the information they need to see their loan to completion."
Through this strategic alliance, VerticalNet Solutions will deploy its eMarketplace Suite platform, which includes commerce, community and content modules for MortgageRamp. These tools will build on MortgageRamp's already successful neutral trading environment by allowing brokers, financial institutions, lenders and vendors to transact in real-time across multiple market mechanisms. VerticalNet Solutions' analytical tools, research material, industry news and educational resources will offer additional information and support. VerticalNet's technology will enable MortgageRamp to continue redefining the traditional model of the commercial mortgage industry by reducing the time between loan origination, closing and securitization without sacrificing diligence or discipline.
"VerticalNet is giving MortgageRamp the tools it needs to continue its goal to become a complete solution for buyers and sellers," said Michael Greco, chief executive officer of MortgageRamp. "VerticalNet will create an advanced trading environment within MortgageRamp, creating real-time access, information and technology support to sustain each MortgageRamp transaction."
VerticalNet's eMarketplace Suite(TM) technology platform is a comprehensive set of content, community and commerce-related design tools, as well as multiple commerce transaction modules, including auctions, online catalogs, exchanges, RFPs/RFQs and structured negotiations. With its broad range of powerful products and tools, the VerticalNet eMarketplace Suite(TM) platform helps industry alliances, global 2000 enterprises and Net market makers to rapidly establish and grow liquidity in their public and private marketplaces.
"We're pleased to see the continued traction that our software and platform groups are having out in the market," said Mike Hagan, co-founder, president and CEO of VerticalNet. "By combining the power of software with our proven strength in running business communities, we expect to add value for our clients that no one else can."
About MortgageRamp
MortgageRamp(SM) is the only complete source for the commercial real estate industry offering a turnkey solution to help brokers, financial institutions, lenders and vendors execute every step of the loan process from bid to close. MortgageRamp.com provides access to all of the major lending institutions and combines revolutionary technology with personal customer service. MortgageRamp also provides private label and custom solutions to help companies in the commercial real estate finance industry make their business more efficient, scalable and profitable. MortgageRamp can be reached at www.MortgageRamp.com or by calling 1-888-496-2200.
About VerticalNet Solutions
VerticalNet Solutions delivers the most comprehensive digital marketplace solutions available to industry alliances, global 2000 enterprises, Net market makers, VerticalNet Markets, and VerticalNet Exchanges. VerticalNet Solutions leverages the experience of VerticalNet Markets and Exchanges as owners and operators of trading communities to provide a comprehensive solution for accelerating time to market, building customer loyalty and driving transactions within a market. VerticalNet Solutions' product suite is an end-to-end solution that includes community, content and market design tools, multiple market mechanisms and transaction types, multi-party system interaction and a broad range of buy- and sell-side services.
Headquartered in San Francisco, California, VerticalNet Solutions can be reached at www.verticalnetsolutions.com or 415-995-2080.
About VerticalNet, Inc.
VerticalNet, Inc. (www.verticalnet.com) provides end-to-end e-commerce solutions targeted at distinct business segments through three Strategic Business Units: VerticalNet Markets includes 58 industry-specific web sites designed as online vertical trading communities and provides hosted e-commerce and community capabilities for corporate divisions and mid-size businesses; VerticalNet Exchanges focuses on direct material open and spot markets; VerticalNet Solutions builds digital marketplaces for global 2000 customers, consortia and neutral Net market makers. VerticalNet International leverages the Company's three strategic business units to create global Internet B2B marketplaces, offering products and services internationally and partnering with companies that have strong local presence and domain expertise.
VerticalNet and NECX are registered trademarks and/or trademarks of Vert Tech LLC in the United States and/or other countries.
Source: VerticalNet, Inc |
