CareerSite Corporation Signs Agreement to Power Turnkey Recruitment Solution for MBAs Lender Careers

CONTACT:
Melanie Rembrandt
734-213-9500
mmr@careersite.com

ANN ARBOR, Mich. -- December 5, 2000 -- CareerSite Corporation, a leading e-recruiting solution provider, announced today an agreement to offer a turnkey e-recruitment solution for Lender Technologies Corporation (LTC), a wholly owned subsidiary and official job board of the Mortgage Bankers Association of America (MBA) at www.LenderCareers.com. In addition to providing real estate finance professionals with educational programs and technical publications, LTC will now offer its customers a recruitment resource and career marketplace powered by CareerSite. The agreement enables LTC to increase online recruitment revenues by offering their employment advertisers a one-stop" e-recruiting tool and gives job seekers a confidential career service.

LTC affiliates can now offer their employment advertisers the LenderCareers.com CareerSite Recruiterä. This is a powerful, yet easy-to-use, tool that combines applicant-tracking functionality with integrated access to the advertisers own job site as well as to a marketplace of the best e-recruiting services available. From posting a job online to tracking and viewing résumés, this browser-based tool streamlines the entire e-recruiting process.

The agreement also provides employers with free career management tools for their readers. By entering a password protected, confidential profile that does not contain any identifiable information, job seekers can market themselves anonymously to employers while maintaining complete control over identity disclosure. To ensure that job seekers receive all relevant matching positions, CareerSites SmartMatchä, a proprietary technology, searches for jobs using concepts rather than simple words. Candidates also receive additional job searching tools including: automatic e-mail notification of job matches based on registered preferences, online résumé storage, cover letter submissions, and the ability to search and apply for jobs.

LTC will manage customer relationships with both employers and job seekers using CareerSites powerful backend management technology. Designed to meet the needs of the largest companies, these Java-based tools currently manage over 200,000 CareerSite and affiliate customer relationships and power over 60 sites. The robust capabilities include: customer relationship management, contact management, complete activity tracking, services management, and billing for various revenue models.

CareerSites technology and content will provide new revenue streams for LTC and give the finance real estate industry an easy and effective e-recruitment solution to compete for top talent," said Ed Farrell, founder and vice-president CareerSite Corporation.

"We selected CareerSite as our technology partner because they offer the premium features and customization required in developing an industry-specific job board. The CareerSite platform architecture and network affiliate program gives LenderCareers tremendous leverage in assuring that our members' jobs get noticed," said Ed Martinez, LTCs director of e-business strategies.

About CareerSite Corporation
CareerSite Corporation is a leading e-recruitment infrastructure solution provider and currently powers 60 e-recruiting sites comprising over 20,000 registered recruiters of its powerful Recruiter Desktop solution. CareerSites scalable Affiliate Solution enables newspapers, magazines, publishers, associations, and vertical communities to quickly add a full-featured Career Center to their Web site, offering a cost-effective way to increase content value, traffic, and revenue. CareerSite provides affiliates with everything they need to build, grow, and maintain a successful Career Center and capture their share of the billion dollar e-recruiting market. This not only includes software and hosting services, but also customer service, billing and merchant services, email marketing, job content, access to a database of over 200,000 candidates, integrated access to a marketplace of leading services, and distribution. In addition, the CareerSite Recruiter Desktop, a Web-based application, seamlessly connects users with a one-stop marketplace of the best job sites -- right from their desktop.    

Located in Ann Arbor, the company is privately held and funded by individual, institutional, and media company investors. For additional information, please visit www.careersite.com or call 734-213-9500.

About Lender Technologies Corporation (LTC)
Lender Technologies Corporation (LTC), a wholly owned subsidiary of the Mortgage Bankers Association, marks MBAs bold and revolutionary step into the information and technology arenas. LTCs mission is simple: create value-added technology and information products and services for the real estate finance industry. For additional information, visit LTCs Web site: http://www.lendertechnologies.com/

About MBA
MBA is the national association representing the real estate finance industry. Headquartered in Washington, D.C., the association works to ensure the continued strength of the nations residential and commercial real estate markets; to expand homeownership prospects through increased affordability; and to extend access to affordable housing to all Americans. MBA promotes fair and ethical lending practices and fosters excellence and technical know-how among real estate finance professionals through a wide range of educational programs and technical publications. Its membership of approximately 2,800 companies includes all elements of real estate finance: mortgage companies, mortgage brokers, commercial banks, thrifts, life insurance companies and others in the mortgage lending field. For additional information, visit MBAs Web site: www.mbaa.org.

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