Business-to-Business website to provide sub-prime mortgage industry database linking mortgage brokers and wholesale mortgage lenders

January 7, 2000 Denver, CO LenderBase.com today announced the official launch of a new business-to-business e-commerce website designed exclusively for the sub-prime mortgage industry.    This exciting new product will allow mortgage brokers to connect with wholesale sub-prime mortgage lenders through an Internet based website.    

This new Internet tool is extremely user-friendly and will allow mortgage brokers to search a large database of wholesale lenders programs, drastically reducing the time spent searching, which is normally consumed through todays conventional methods.
It will also allow wholesale lenders the ability to distribute their programs to mortgage brokers without incurring faxing or incremental sales channel costs associated with todays existing practices and procedures.

We felt that by taking full advantage of the inherent benefits of technology and the Internet, this new system will allow the sub-prime mortgage industry to be better equipped for the 21st century" Charlie Cartwright, LenderBase.com CEO and President said. LenderBase.coms clients will have be able to incorporate new and emerging technologies into their corporate business strategies in order to compete more effectively and develop new markets," Cartwright said.

LenderBase.com was designed to make mortgage brokers dealing in sub-prime loans more profitable, more time-efficient, and ultimately increase their rate of loan closures. It will provide the opportunity for wholesale lenders to distribute their products into new and expanding markets, reduce overall marketing and sales costs, and allow them to compete in new business markets previous unavailable to them.