LoanTrader Inc. Named One of Orange County/San Diego's Fastest Growing Internet ``.com'' Companies

Business Wire, Sept 26, 2000

Business Editors

IRVINE, Calif.--(BUSINESS WIRE)--Sept. 26, 2000

Monday, LoanTrader.com, the mortgage industry's first B2B Internet marketplace, was honored with a special Internet ".com" award for its exceptional growth at Deloitte & Touche's prestigious "Orange County/San Diego Technology Fast 50" Awards Ceremony and Banquet.

"We are extremely honored and excited about this award," said John Le, CEO of LoanTrader Inc. "We attribute our strong growth to the dedication and commitment of our employees and a greater demand for Internet technology solutions that make communicating and transacting business easier and more productive."

LoanTrader's founders, Le, Robert Palmer and Donald Tran, were on hand at Monday's 2000 Technology Fast 50 Awards Ceremony and Banquet at the Marriott Laguna Cliffs Resort in Dana Point, Calif. to accept the award.

"The Fast 50 recognizes and honors the fastest growing regional technology companies whose leaders have the vision and determination to beat the odds and build companies that contribute to the world with long term solutions," said Fred Poska, partner in charge, Orange County High Technology Group for Deloitte & Touche.

Other local up-and-coming Internet technology companies also honored at this year's ceremony include Entrepreneur.com, Go2 Systems Inc., One Voice Technologies Inc., and Websense Inc.

Deloitte & Touche, one of the nation's leading professional services firms, provides assurance and advisory, tax and management consulting services through 30,000 people in more than 100 U.S. cities. The firm is dedicated to helping clients and companies excel.

Deloitte & Touche has been recognized as one of the "100 Best Companies to Work for in America" by Fortune magazine for three consecutive years. For more information on the Deloitte & Touche Fast 50 or Fast 500 programs, visit the Web site at www.fast50.com.

About LoanTrader

A leading software, service, and application hosting company LoanTrader operates the LoanTrader.com Marketplace and LoanTrader Technologies.

LoanTrader.com Marketplace unites mortgage brokers and lenders in real-time to expedite the loan origination process in the industry's first fully-automated marketplace. The marketplace is a free service for mortgage brokers providing a simple, fast, standardized method of sourcing loans from a single point of access.

Leveraging the power of LoanTrader Technologies' exclusive Loan Transaction Management System (LTMS) the marketplace offers lenders a low-cost solution by providing point of sale product and pricing information along with automated decisioning technology.

Currently more than 4,500 mortgage brokers and 55 lenders participate in the marketplace where transactions exceed $2 billion.

LoanTrader Technologies is an Application Service Provider (ASP) specializing in developing customized e-commerce solutions for financial institutions to support various loan origination channels, including direct-to-consumer, retail, and wholesale.

LoanTrader Technologies licenses its industry leading Loan Transaction Management System (LTMS) technology to financial institutions and lenders seeking to establish an online presence under their own brand.

Visit LoanTrader on the company's Web site at www.loantrader.com, or call the company at 714/368-4100.