LION has positioned itself as a leader in providing online services that connect mortgage brokers to wholesale lenders and consumers. The $2 trillion dollar mortgage industry is based on a paper intensive system relying on a network of relationships. The industry is beginning to adopt technology that is expected to save as much as $1,000 per mortgage loan within 3 years.
With one of the largest interest rate pricing databases, strong mortgage broker penetration, and extensive consumer reach, LION is positioned to become a key player in an integrated mortgage network that connects mortgage brokers, wholesale lenders, and consumers.
The Companies 2002 growth strategies to achieve this position include enhancing the Company's productivity and management tools, increasing broker originator penetration, increasing lender participation, and extending its consumer reach.
