To: Boquacious who wrote (349 ) 9/9/1999 10:46:00 AM From: Dolfan Read Replies (2) | Respond to of 516
Hows this for News. I just cancelled my sell order for 20 I guess that domain I found meant dsomething after all! The Prudential Real Estate Affiliates, Inc., Chase Manhattan Mortgage Corporation And Mortgage.Com Announce Joint Marketing Agreement IRVINE, CA, July 20, 1999 – The Prudential Real Estate Affiliates, Inc. (PREA) Chase Manhattan Mortgage Corporation (Chase Manhattan) and mortgage.com today announced a joint marketing agreement to offer both traditional and online mortgage services to Prudential Real Estate's Network members. While some brokers in the Network currently have their own mortgage relationship in place, the three party marketing agreement will enable many other Prudential Real Estate Network brokers to select one of several service approaches, from providing on-site loan specialists to establishing web-based loan centers in their real estate offices. Prudential Real Estate Network members will be offered the option to work with these companies in the coming months. The proposed menu of services will present scaleable solutions that will enable many Prudential Real Estate Network brokers to offer home buyers an effective and efficient one-stop mortgage lending solution. “This marketing agreement provides our Network members with premier mortgage options that reflect the changing market needs of our consumers. Together, we will be able to service the traditional needs and the emerging Web-oriented needs of today's consumers, while offering trusted, real time options to each of our customers and brokers,” commented John Van Der Wall, president of The Prudential Real Estate Affiliates, Inc. “This agreement allows us to build relationships with brokers throughout Prudential Real Estate's Network,” said Gregg Gorman, executive vice president of Chase Manhattan Mortgage Corporation. “We are excited about the ability to service the Prudential Real Estate member offices and potential home buyers with the quality loan options that are expected from Chase.” “We are thrilled to be working with Prudential Real Estate and Chase to provide consumers with an easy and efficient solution for securing a home mortgage,” said Seth Werner, chairman and CEO, mortgage.com. “mortgage.com's proven technology and expertise, coupled with Chase's formidable mortgage reputation, is a winning combination for the Prudential Real Estate Network and consumers alike. About The Prudential Real Estate Affiliates, Inc. The Prudential Real Estate Affiliates, Inc. is a leading full-service real estate franchise operation that awarded its first affiliation in 1988. The Prudential Real Estate Network of companies comprises 39,000 sales associates in more than 1,500 offices throughout the United States and Canada. The company, based in Irvine, California, is a subsidiary of The Prudential Insurance Company of America. The Network generated an annual sales volume of $75.5 billion in 1998. Prudential Real Estate can be found on Prudential's web site at www.prudential.com./real estate. About Chase Manhattan Mortgage Corporation Chase Manhattan Mortgage is a subsidiary of The Chase Manhattan Corporation (NYSE: CMB), which is headquartered in New York City. The Chase Manhattan Corporation is the nation's third largest banking institution, with more than $360 billion in assets. Chase Manhattan Mortgage Corporation, headquartered in Edison, New Jersey, is the country's largest residential mortgage lender as of March 1999. The company is also the third largest mortgage loan servicer, with a portfolio of $235 billion. Chase can be reached on the Web at www.chase.com. About mortgage.com Founded in 1994 and based in Plantation, Florida, mortgage.com (formerly First Mortgage Network) is a pioneer in online mortgage banking and consumer direct mortgage lending. It also provides, private-label outsourcing and technology services, including point-of-sale and Internet technology, business management, loan processing, and call center and mortgage funding capabilities. mortgage.com is privately funded with approximately 500 employees in six offices nationwide. mortage.com can be reached on the Web at www.mortgage.com. ### "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Mortgage.com's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.