Broker commercial joint mortgage venture

Business Editors

PLEASANT HILL, Calif.--(BUSINESS WIRE)--Feb. 4, 2000

C-LENDER.com, Inc., a leading commercial real estate financing search engine and loan aggregation site, today announced that it has signed an agreement with Electronic Mortgage Affiliates, Inc. (ELLIE MAE), a leading provider of mortgage broker Internet loan origination technology and business systems, to provide commercial loan services to ELLIE MAE's Mortgage Broker Affiliates.

The partnership combines C-LENDER.com's capability in Internet commercial loan origination with ELLIE MAE' s technical and sales expertise in the mortgage brokerage industry. Mortgage brokers nationwide utilizing ELLIE MAE's ClickLoan Technology(TM) to build their Web sites will be able to access C-LENDER.com functionality through ELLIE MAE's new Business Center.

&uot;One of our primary goals is to provide mortgage brokers with robust, affordable Internet capabilities,&uot; said Sig Anderman, Chairman and CEO of ELLIE MAE. &uot;We see our partnership with C-LENDER.com as another opportunity to help level the playing field for our Mortgage Broker Affiliates in the competitive commercial lending arena.&uot;

&uot;Our business strategy is to keep mortgage brokers central to the commercial loan transaction,&uot; said Paul Chandler, Chairman and CEO of C-LENDER.com. &uot;ELLIE MAE shares our vision of the crucial role mortgage brokers play in real estate finance. We look forward to working with them to increase our reach to internet capable brokers and helping those brokers increase their loan production.&uot;

C-LENDER.com is a leading commercial real estate financing search engine and loan aggregation site. The site was launched by The Property Sciences Group, Inc., a California-based real estate information services provider, on July 17, 1999. On December 31, 1999, C-LENDER.com, along with Commercial Lender, a magazine distributed nationally to 25,000 commercial real estate professionals, was spun-off from its parent.

C-LENDER.com serves as an infomediary exchange for real estate finance professionals. Lenders, such as banks, thrifts, insurance companies and conduits post product information on the site for mortgage brokers, mortgage bankers, property owners and other professionals to search, analyze and submit online loan requests. Lenders capable of receiving online applications through C-LENDER.com include United Commercial Bank, Southern Pacific Bank, FINOVA Realty Capital, ARCS Commercial Mortgage, Imperial Capital Bank, WMF Group, Key Commercial Mortgage, Capri Capital, McCary Stevens Associates, Aries Capital, NW Funding and ValuExpress. In total over 100 lenders are listed on the site, including GE Capital, Washington Mutual Bank, J.P. Morgan Mortgage Capital, Column Financial, Collateral Mortgage, California Federal Bank, Bank of America and Bear Sterns &Company.

Electronic Mortgage Affiliates, Inc., (ELLIE MAE), is dedicated to powering the mortgage business into the age of electronic commerce. ELLIE MAE offers Mortgage Brokers state-of-the-art Internet loan origination technology and business systems to better serve their clients, strengthen their ties to loan referral sources, and compete effectively in an e-commerce environment.

The network and Internet tools were designed by and for mortgage brokers to make their businesses more profitable. By private labeling the Web site and linking to selected Realtors and other sources of business, ELLIE MAE offers mortgage brokers an impressive, low-cost Internet capability, while allowing them to focus on what they do best: building successful mortgage brokerages.