Greenlight Financial Services Announces Launch of New Real Estate Division, Greenlight Home Services

Business Wire, Sept 30, 2003

Business Editors

IRVINE, Calif.--(BUSINESS WIRE)--Sept. 30, 2003

One Stop Solution for Home Buyers to Provide Consumers

Thousands of Dollars in Savings and Added Convenience

Greenlight Financial Services, one of the fastest-growing direct-to-consumer mortgage lenders in the industry, today announced the launch of its new Greenlight Home Services division, a one-stop solution for home-buyers that provides real estate services in addition to great home loans. Consumers can be connected with experienced local realtors throughout the country and earn a rebate of 25% on the commission, resulting in thousands of dollars in savings(1). The new division is led by Don Clarke, who reports directly to Greenlight CEO Joann Pham.

Greenlight Home Services' unprecedented national offering provides consumers with savings and convenience throughout the home-buying process. The 25% rebate means more cash in borrowers' hands, which can be used to pay for closing costs. They can also search for homes using various criteria on the Greenlight Home Services website, www.greenlighthomes.com, and utilize experienced local real estate agents anywhere in the country. To further simplify the process, each client is assigned a Personal Transaction Assistant, who maintains contact with all involved parties and can be used as a resource for any questions or issues. Under this program, clients can even set up their new homes' connections to utility companies.

"Greenlight Home Services' innovative offering is the first of its kind to be implemented on a national scale," said Don Clarke, Manager of Greenlight Home Services. "This division provides the ultimate one-stop home-buying solution for consumers who want to save money and time while buying the home of their dreams."

To access this program, consumers dial the well-known Greenlight Financial Services number, 866-66-FASTER, where they can "get the green light" and be pre-approved for a new loan at a great rate. They are then referred to the Greenlight Home Services division, a partnership between Greenlight Financial Services and the Fidelity National Financial-owned and backed HomeSold real estate agency. The consumer gains instant access to HomeSold's extensive network of real estate agents across the country, which means they can connect with a realtor right in their own neighborhood.

"Greenlight Financial Services has always delivered home buyers savings, convenience and great customer service," said Joann Pham, CEO of Greenlight. "By launching the new Greenlight Home Services division, we are making it even easier for consumers to get exactly what they want while saving time and money."

As a leader in the next generation of mortgage lending, Greenlight originates first and second mortgages as well as equity lines of credit. Greenlight's offering is based on three principles: competitive rates, exceptional customer service and efficient loan processing. These are delivered along with the guarantee that if a client is ever dissatisfied with any aspect of the loan process or service -- or able to find a more competitive rate elsewhere -- they are free to cancel without any cost or obligation. This successful formula has led to Greenlight providing over $6 billion in loans for its customers since the company's inception in September, 2001.

About Greenlight Financial Services:

Greenlight Financial Services (www.greenlightloans.com; 866-66-FASTER) has become one of the fastest-growing direct-to-consumer mortgage lenders in the industry; providing a combination of advanced technology, competitive interest rates, and outstanding customer service. Greenlight originates first and second mortgages, as well as equity lines of credit. Founded in 2001, Greenlight Financial Services is headquartered in Irvine, California.

(1) Program not offered where prohibited by state law