LION has successfully built multiple revenue streams while managing operational expense. While the capital markets continue to undervalue the Company, the Company is planning to leverage its core business and strong industy relationships to improve the financial and strategic performance of the Company.
LION maintains the largest searchable database of wholesale mortgage
programs and rates on the Internet. LION Loan Search currently contains
100 wholesale lenders in 77 regional subsets representing 17 million
pricing variances for over 17,000 loan programs.
Over 9,000 real estate professionals, 6,000 mortgage originators and
over 150 wholesale lenders interact in the LION business-to-business
marketplace. These customers utilize a mix of LION?s services, including, wholesale marketplace access, ASP (Application Service Provider) origination technology, web site hosting, and lead generation to generate more business and increase productivity.
In October 2001, Mortgage101.com received approximately 1 million unique visitor sessions and over 7 million page views. These consumers along with visitors to LION-hosted originator web sites and ASP solutions generate approximately 70,000 consumer leads which include applications, prequalifications, and other contact inquiries each month. In addition, mortgage brokers and lenders electronically exchange over 25,000 loan scenarios through LionInc.com.
