HomeLoanCenter.com Names Peter Macdonald as Vice President Investor Resolution and Vendor Services

HomeLoanCenter.com, Inc., the leading online full spectrum mortgage lender named Peter Macdonald as vice president of investor resolution and vendor services.

Irvine, Calif., October 2, 2003 -- HomeLoanCenter.com, Inc., the leading online full spectrum mortgage lender named Peter Macdonald as vice president of investor resolution and vendor services. Macdonald will be working with post-closing issues and vendor services as well as working with the shipping department to facilitate and streamline the sale of loans to our investors.

Investor resolutions and vendor services are two key components of the HomeLoanCenter.com mortgage process," said Anthony Hsieh, CEO and founder. We are excited and confident that Peter Macdonald will continue to develop, streamline, and execute the functions of these two important departments."

As vice president of investor resolutions, Macdonald will help improve and perfect the bulk sale transfer of loans in a fast and efficient manner. Macdonalds role in vendor services will include creating and enhancing relationships with credit reporting companies, title companies, and appraisal companies.

Macdonald formerly was general counsel at Platinum Capital Group, where corporate governance, human resources, compliance and licensing, and quality control reported directly to him. Macdonald was also member of the impaired asset committee and instrumental in negotiating warehouse lines, investor relationships, broker contracts, and major vendor transactions.

HomeLoanCenter.com is dynamic and growing. Being a part of this team is an honor and I hope to contribute to the success and outstanding corporate culture that is so prevalent," said Macdonald. I joined HomeLoanCenter.com to be challenged to reach new heights of success, to contribute and learn from a team of competent and diligent managers and ultimately to help this company attain the goals that have been established."

About HomeLoanCenter.com

HomeLoanCenter.com (http://www.homeloancenter.com/), is a branchless, retail mortgage lender dedicated to bringing consumers direct access to the most diverse array of mortgage products available in the industry, through its innovative website and call center. Anthony Hsieh, former founder and CEO of LoansDirect, Inc. founded Home Loan Center in 2002. An approved mortgage banker in 50 states and D.C., the company has developed a second-generation Internet platform that delivers a superior lending experience to all borrowers regardless of credit profile, loan type, or loan amount, through its proprietary technologies PACE and CHLOE.

PACE utilizes consumer credit profiles, searches through thousands of loan programs, and returns program eligibility and pricing directly to potential borrowers after reviewing approximately 1,500 loan guidelines, 56,700 lender fee rules and over 10,000 pricing adjustment rules. Within seconds, PACE returns a complete risk-based selection of loan programs with accurate pricing, directly to consumers via HomeLoanCenter.coms call center or web site. CHLOE is HomeLoanCenter.coms proprietary LOS system designed to streamline processing and settlement functions for the 6000+ loan options available to HomeLoanCenter.com customers.

HomeLoanCenter.com offers industry leading performance and service guarantees and is staffed by highly seasoned and experienced mortgage professionals. The company's executive management team, many of them pioneers in the virtual mortgage arena, have over 100 years combined experience in the mortgage industry.

PACE and CHLOE are trademarks of HomeLoanCenter.com Inc.

Corporate Contact:
Jason Jepson
HomeLoanCenter.com
949-885-3523
jason.jepson@homeloancenter.com