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Gold/Mining/Energy : BCE Emergis - global e-commerce -- Ignore unavailable to you. Want to Upgrade?

To: rocki who wrote (251)	1/13/1999 10:20:00 PM
From: sPD	Read Replies (1) \| Respond to of 1341

e-Net Canada's Online Mortgage Explorer Selected by Bell Emergis/MPACT Immedia for the U.S. Market Canadian Companies Drive US Pilot Allowing Borrowers to Apply for a Mortgage in Five New England States via the Internet TORONTO, Jan. 13 /CNW/ - Online Mortgage Explorer (OME), developed by e-Net Canada, in partnership with Cebra Inc., has been selected by Bell Emergis/MPACT Immedia as the technology platform for a unique Internet, multi-lender mortgage system in the United States. American borrowers in five New England states will be able to shop and apply for a mortgage among nine lenders that subscribe to Freddie Mac's GoldWorks(R) electronic network. OME is the electronic business technology that offers consumers access to lenders on-line in a secure, encrypted Internet environment. Bell Emergis/MPACT Immedia will bring this powerful environment to American mortgage shoppers through the Internet, allowing for a faster and more cost-effective way to conduct business and exchange information between the lender community and the consumer. Canadians were the first to experience the concept of on-line mortgage applications over the Internet. Launched in 1996, Online Mortgage Explorer has experienced a 183 percent year to year growth offering consumers on-line mortgage access to eight of Canada's largest lenders including Bank of Montreal and CIBC. ''Canadians have made substantial contributions to the telecommunications industry worldwide and now we are driving e-business in the financial services industry,'' said Jason Smith, vice-president of Business Development for e-Net Canada. ''Our success in Canada was instrumental in being selected to pioneer the on-line mortgage business in the US. We're proud to team up with Canada's Bell Emergis/MPACT Immedia to provide the technology that will proliferate on-line mortgage lending and borrowing.'' Online Mortgage Explorer, accessed through www.multilender.com, is extremely easy to use. Potential borrowers fill out an information form with particular financial information. OME then matches the borrower's responses to each lender's criteria and preference. Borrowers can examine each lender's products and select the most appropriate lender. ''Being selected by Bell Emergis/MPACT Immedia for this breakthrough US project, positions e-Net Canada as the premier e-business solutions partner for the financial services industry in North America,'' said Smith. Freddie Mac is a stockholder-owned corporation chartered by Congress in 1970 to create a continuous flow of funds to mortgage lenders. By supplying lenders with the money to make mortgages and packaging the mortgages into marketable securities, Freddie Mac sustains a stable mortgage credit system and reduces the mortgage rates paid by homebuyers. Over the years, Freddie Mac has opened doors for one in six homebuyers in America and two million renters. Bell Emergis/MPACT Immedia delivers network-centric business solutions that improve, and, in fact become an integral part of customer processes. Its e-commerce solutions enable organizations to better compete in the global marketplace. BCE recently concluded a merger with the Electronic Business Solutions (EBS) unit of Bell Emergis and MPACT Immedia, making the combined entity one of the top-tier electronic commerce providers in the world. Bell Emergis/MPACT Immedia is a subsidiary of Bell Canada and a member of Bell Canada Enterprises, Canada's global telecommunications company. It has over 122,000 employees worldwide, revenues of $33 billion and assets exceeding $40 billion. e-Net Canada partners with members of the financial services community to provide e-business solutions. Some of North America's largest institutions, including Bank of Montreal, CIBC, MCAP and Bell Emergis/MPACT Immedia utilize e-Net Canada's diversified financial services solutions. The company's Internet expertise spans the globe. For further information: Michael Kraemer, e-Net Canada, (416) 364-6085 x106, mkraemer@enetglobal.com; Betty Alexander, Alexander & Associates, (905) 339-2209, bralexander@msn.com