Infoloan.com Partners with Mortgage Saver to Provide Automated Bi-Weekly Payment Processing

Business Wire, Jan 4, 2001

Business Editors & Technology Writers

LOS ANGELES--(BUSINESS WIRE)--Jan. 4, 2001

Accurate data and precise savings now offered together

Mortgage Saver, an automated electronic payment processing service that features a bi-weekly payment processing program for mortgage loans recently announced a strategic alliance with Infoloan.com, an online mortgage broker.

Under the conditions of the alliance, Mortgage Saver will provide its bi-weekly payment processing information to Infoloan.com's consumers, creating a hybrid offering of linked information as well as text information on individual pages online.

Infoloan.com is the first online mortgage broker to offer Mortgage Saver's automated bi-weekly payment program to its customers. The service will be free of charge to registered Infoloan.com users and will work seamlessly with Infoloan.com's mortgage management tools. Additionally, Infoloan.com will host a link to the Mortgage Saver Web site for customers that require more detailed information about bi-weekly financing program. Infoloan.com currently enables its customers to access Mortgage Saver information via its "home resource" page, "Infoloan partners" page and the "calculators and tools" page.

"With more than a quarter of a million unique visitors each month, we are one of the top ten mortgage sites in terms of traffic," said John Chen, CEO of Infoloan.com. "Contacting that many people on a regular basis, we're extremely selective about with whom we partner and the information we offer on our Web site. Over the past six months we developed a strong relationship with Mitch Lichterman, CEO of Mortgage Saver. This alliance enhances our commitment to provide our customers with the most comprehensive financial planning tools available."

"We view this alliance with Infoloan.com as a unique opportunity to combine the technology and cost-effectiveness of the Mortgage Saver bi-weekly payment processing program with a leading mortgage Web site," said Lichterman. "Infoloan.com is dedicated to protecting the integrity of its content and we at Mortgage Saver are proud to be the exclusive bi-weekly payment provider on its site.

About Infoloan, Inc.

Infoloan, Inc., founded in 1998, is an online discount mortgage broker. The company launched its online mortgage site in May 1999. The company uses multiple lenders and thousands of loan products to act as a neutral party in finding the best loan for a borrower's specific needs. At http://www.infoloan.com, users can search updated rates, access various decision tools and calculators, apply for a loan, and track their loan status. Infoloan.com aims to provide the best rates through a combination of the lowest commissions among traditional and online brokers and through streamlined loan procedures. The company is located in San Jose, California. Additional information about Infoloan.com can be found at http://www.infoloan.com or by calling 888-822-5626.

About Mortgage Saver

Mortgage Saver, a division of Nevada-based Autolink Payment Services, Inc., provides mortgage customers with the most secure, accurate and conservative electronic bank processing possible. This exclusive software allows borrowers to realize benefits including substantial interest savings, accelerated home equity and a reduction in the term of the loan. Additionally, Mortgage Saver provides personalized service to the customer, acting as an advocate between the lender and client.

For more information, write to Mortgage Saver, 2014 South Sepulveda Blvd., 2nd Floor, Los Angeles, California 90025, or call 1 (800) 878-7727 ext. 207, or visit the company's Web site at www.mortgagesaver.com.