June 30, 1997
FREMONT, Calif (June 30, 1997) - Today, the Mortgage LoanPage™ announced a new service, called Smart-Ratetm, which allows borrowers to rate-shop through thousands of mortgage loan programs via the Internet. Using the Smart-Rate System, borrowers answer eight simple questions and instantly search through live loan rates of thousands' of mortgage companies in just a few seconds. The loan rates are updated continually during the day and older rates are automatically deleted.

Although other similar services currently exist, the Smart-Rate System is the first of its kind to allow borrowers to conduct a search utilizing over eight different criteria known about each loan. The borrower has the capability to search thousands of loan programs based on personally acceptable buying ranges for such things as loan points, interest rates, number of days available to lock the rate, or the amount of application fees the borrower wants to pay. Answer these eight simple questions and instantly a short list of loans to choose from is displayed. In addition, for adjustable rate loans, the borrower can also limit the search to a particular ARM index such as the one year T-Bill or the Margin rate added for each Index.

The LoanPage can also provide lenders with the opportunity to link these same loan program rates on to their own personal Web site. Lenders are able to use one centrally located database to maintain the rates for all loan programs and can decide on an individual basis whether they wish to advertise those loans on their Web site alone or on both their Web site and the LoanPage. 

The LoanPage is the largest searchable list of mortgage companies and lenders on the Internet. With the addition of Smart-Rate, the LoanPage now offers borrowers nearly 20 different ways to search for a mortgage company on the Internet. Providing the most diverse set of search tools for nearly all of the mortgage companies advertising on the Internet. Borrowers can search and find mortgage companies by state, city, county, specialty, zip code, area code, loan type, loan length, keywords, and by company description. Smart-Rate provides borrowers the capability to search mortgage lending rates by state, loan program (jumbo or conforming), loan type, loan points, loan rate, lock term, application fees, ARM index and ARM margin. The power of these search tools makes the LoanPage "The Better Way to Mortgage Shop"™.

Currently, Smart-Rate is limited to the United States and the company has made no announcement about its International business.


April 30, 1997
FREMONT, Calif (April 30, 1997) - The Mortgage LoanPage™ announced today that it will begin building and hosting web sites without charge for qualifying mortgage companies who list in the LoanPage mortgage company search engine™. In order to qualify for the offer, mortgage companies must have a minimum of a bold listing on the LoanPage web site. A bold listing is an upgraded listing where the name of the company is in bold face font and is sorted above "free" listings. Bold listings are $150/year.

According to the President of ComCity, "Now, for a mere $150/year, mortgage companies get a web site, get hosting, and even get prioritized sorting above free listings. If you've every sold a car, you know that's about the cost of two classified ads in a local newspaper."

The LoanPage was the first Internet mortgage search service that permitted mortgage companies to list free of charge in their database. The LoanPage mortgage directory service is now the largest international directory and database of mortgage brokers. With over 1000 mortgage companies, the LoanPage currently has more mortgage companies than the primary search engines and directories on the Internet. The LoanPage is also still the only Internet search engine and community of interest that allows consumers to search and find mortgage companies based on all parameters including state, city, county, zip code, company name, loan type, loan term, descriptive keywords, and company specialties. Because of the power of these searching tools, the LoanPage is definetly "The Better Way to Mortgage Shop"™


September 12, 1996
FREMONT, Calif (September 12, 1996) - The Mortgage Loan Page-Tm, announced today a new program that will allows loan shoppers to electronically submit loan applications. This new program called EZ-Loan, is the first automatic loan shopping system on the Internet that fully protects the data using 40 bit Secure Sockets Layer (SSL) encryption. 

"We believe that this is the first step towards changing the way people get home mortgages forever" said Michael Barber, President of ComCity the sponsor of the Mortgage Loan Page. "Using EZ-Loan, anyone applying for a home loan can have the entire Fannie Mae 1003 Standard loan application 'securely' sitting on any financial lender or loan agent's printer within 15 minutes." 

The entire process of sending, decrypting, and reading the loan application into a database takes less than 15-20 minutes. To mortgage professionals and lenders who must accumulate this information from loan applications, EZ-Loan represents over 50% of the work involved in processing loans and results in a very substantial savings. 

EZ-Loan is a two part shopping system, but loan shoppers are free to complete part one only, part two only or both parts. The first part of the EZ-Loan program allows shoppers to automatically submit a personal profile of their financial needs to five mortgage professionals and lenders within their state. A computer algorithm automatically selects the 5 closest mortgage professionals in their area from the largest database of mortgage professionals on the Internet operating at The Mortgage Loan Page. The Mortgage Loan Page now has more mortgage professionals than the Yahoo search directory. 

Step two of the EZ-Loan program allows loan shoppers to complete an entire loan application and submit it to one or more loan agents or lenders of their choice. What makes EZ-Loan so unique is that the loan application is totally protected by SSL and this ensures no one else will see delicate personal financial information often required when applying for a loan. Once submitted, the application is secured stored by a third party and protected by password awaiting a loan shopper's tranfer request. The application remains archived during transit to the lender or lenders chosen by the loan shopper where it is de-archived into its original format. Acting as a third party, the Mortgage Loan Page assures each transfer only occurs as a result of the direct request of the loan applicant. 


August 23, 1996
FREMONT, Calif (August 23, 1996) - The Mortgage Loan Page-tm, which operates the "largest" database and directory of mortgage brokers on the internet, announced today that it's very popular web site has moved to http://LoanPage.com. 

The Mortgage Loan Page is the first and only "True Search"-Tm secondary database of mortgage brokers on the Internet. The database allows shoppers to search and find mortgage brokers thoroughout the US, Canada, and Australia. All other competitive Internet Mortgage Broker directories are non-database specific. Using "True Search", loan shoppers are not limited to merely finding mortgage brokers by State. Loan Shoppers can locate mortgage brokers by State, by City, by County, by Loan Type, by Loan Length, by Broker Specialty, by Company description, and now even by Company Name. 

According to the president of the company, "The Internet is wide open for interstate commerce. Mortgage Brokers can easily satisfy loans from other states so why should loan shoppers be limited to finding a mortgage broker by geography." True Search does not preclude shopping only by state. True Search actually provides additional search limiting tools like county and city. However, if a loan shopper is interested in a mortgage broker that specializes in refinance they can also search for that particular mortgage broker across the US. 

Not only does the Mortgage Loan page provide one of the most sophisticated search engines on the Internet but provides numerous other features to keep the loan shopper interested and informed. Additional features of the Mortgage Loan Page include, Definitions for Mortgage Terms, Private Mortgage Insurance Contact information, answers to common Mortgage Questions, Short Term and Historical Interest Rate and Bond Trends, a wide selection of mortgage calculators, the first "printable" Fannie Mae-1003 Loan application, Mortgage Checklists, Mortgage Forms, and "Turn-key" web presence for Mortgage Brokers. 


July 22, 1996
FREMONT, Calif (July 22, 1996) - ComCity announced today that it has been selected as a "Select Site" by the WebCrawler search engine (http://www.webcrawler.com). As a WebCrawler Select site, The Mortgage Loan Page is now listed under a special index on the WebCrawler search engine. 

The Mortgage Loan Page is located under the heading of "Personal Finance", "Buying a House", "Mortgages" - the URL is http://www.webcrawler.com/select/realest.31.html. According to the companies president, "This is a special honor for us and symbolizes a recognition of our content." The Mortgage Loan Page will carry the WebCrawler Select icon on the companies homepage. 


July 22, 1996
FREMONT, Calif (July 5, 1996) - ComCity announced today that it has released the first "PRINTABLE" Uniform Residential Loan Application on the Internet. A Uniform Residential Loan application is normally a very large 4 page document. Virtually every mortgage broker and borrower must fill one out in order to get approval for a home loan. The paper application is required by most lenders because it is the standard application used by the Freddie Mac and the Fannie Mae organization for processing loan applications. 

By providing the application on-line, The Mortgage Loan Page allows virtually anyone to start gathering the necessary information required to get loan approval. According to a spokesperson for the company, "We wanted to give everyone a chance to accumulate the necessary financial information to speed up their loan process. Filling out a Residential Loan Application takes hours to fill-out and collect the required historical information that may comprise the past 10 years." What's really great about the application is that it doesn't require any special software to print, just a standard printer capable of printing on legal-sized paper." As far as we know, this is the first "printable" version available on the Internet. 


June 22, 1996
FREMONT, Calif (June 12, 1996) - ComCity announced today that it has added a variety of new features to its Mortgage Loan Page Internet Site. These new features provide some distinctive "firsts" for Mortgage Broker Internet Sites. 

One of the newest features is a "Closing Costs Checklist". Almost every other mortgage broker web site on the Internet has a simple amortization calculator for approximating Principal and Interest, and The Mortgage Loan Page is no exception. However, the Closing Costs Checklist provides a simple way for people to approximate the amount they need to keep in the bank to pay for actually closing the real estate deal. According to Michael Barber, the president of the company, "The Mortgage Loan Page's Closing costs checklist is an ideal way to see what's left over for the down payment." 

Another new feature planned is an ARM -vs- Fixed break-even calculator. The ARM -vs- Fixed calculator allows loan shoppers to see the difference in the payments for the first six years depending on whether they choose an ARM or a Fixed loan. One of the most difficult decisions when choosing a new mortgage is deciding on an ARM or a Fixed loan. In addition, as interest rates have risen, this has become even more a challenge. Using the ARM -vs- Fixed calculator, loan shoppers can see even the savings are worth the risk. 

The Mortgage Loan Page has many other calculators planned for the future. According to Mr Barber, "We want to help shoppers not only find the right broker, but also ensure they find the right loan." "We will continue to add content that helps shoppers get the information they need during the mortgage selection process." 


May 10, 1996
FREMONT, Calif (May 8, 1996) - ComCity announced today that it has no plans to charge "fees" to mortgage brokers who want to list their services in it's "True Search"-tm Search Engine. The Mortgage Loan Page maintains the only "searchable" database of mortgage brokers on the Internet. 

Of course, there are several other mortgage broker related sites on the Internet. However, no other Internet site offers a "true" database search that allows loan shoppers to find mortgage brokers not only by geography, but by loan type, broker speciality and even by company description. Using the Mortgage Loan Page's database search engine, loan shoppers can actually enter parameters to pick one particular mortgage broker out of many others just like picking a "needle out of a hay stack". The search engine allows mortgage brokers who offer or perform special services like "deeds of trust" or "commercial" mortgages to list their specialty. According to Michael Barber the president of ComCity, "There is simply no other search engine on the Internet that allows you to find a very specific mortgage broker for instance one who does commercial mortgages, with over 5 years of experience, and that lives in California." 

The Mortgage Loan Page is betting that the future of Internet search engines will be very vertically specific. "Our search engine is not only the most advanced for people trying to find a mortgage broker, but our page can offer much more significant content to the home shopper compared to a primary search engine", says Michael Barber. "We believe that ultimately primary search engines will just point to other secondary search engines who will provide the real search results and the content necessary to get the answers Internet Shoppers are looking for." "People are really tied of going to the primary search engines like Excite, Webcrawler, etc. and getting pointed to 100's of dead-ends." 

The Mortgage Loan Page is currently the only secondary search engine on the Internet that allows mortgage brokers to list for free. Mr. Barber remarked, "Remember, our listings on generated by a database so the overhead to add and maintain broker listings is very minimal. We believe we will always be able to add new brokers for free." Because the listings are free, the mortgage loan page sees explosive growth in the size of its database in the coming months.