Message #21 From:
Stock News Bot Date: September 21, 2006 06:30:00 AM
LINN News LION Adds Five New Lender Customers
SEATTLE--(BUSINESS WIRE)--Sept. 21, 2006--LION, Inc. (OTCBB:LINN), a leading provider of online lead generation and advanced business solutions that streamline the mortgage fulfillment process, today announced that it signed three new lender customers for its Precision MTS product suite and two new lender customers for its Tuttle Risk Management Services product offerings.
"Our Precision MTS product offering continues to establish itself as the centerpiece of our Loans business unit," stated Randall D. Miles, Chairman & CEO of LION, Inc. "Sales of Precision MTS are accelerating due to our expanding product features and tools, which includes the recent addition of a subprime search engine, and a strengthened sales effort. Our Precision MTS sales results have exceeded our goals, and we expect to build on the momentum we have established by continuing to broaden the features and functionality offered in the product suite. We have also added to our TRMS customer base by signing two new hedge advisory customers which between them combine to generate over $120 million in monthly mortgage volume."
Precision MTS is a suite of products that consists of corporate wholesale, retail and correspondent lender websites, productivity software, interest rate risk management technology, and a product eligibility and pricing engine that provides access to real-time, risk-based, product and price information to manage loan registration and interest rate lock transactions. Precision MTS is a productivity tool that is designed to increase wholesale and retail customer traffic for lenders while lowering overall transaction costs.
Tuttle Risk Management Services provides hands-on mortgage pipeline risk management for financial institutions that originate and then sell loans into the secondary market.
About LION, Inc.
LION, Inc. is a leading online mortgage lead generator that also provides advanced business solutions that streamline the mortgage loan fulfillment process in the over $2.5 trillion mortgage industry. From Leads to Loans to Capital Markets, LION offers consistent, seamless business solutions to consumers, brokers, realtors, originators and lenders. LION provides an integrated technology platform offering online loan productivity, mortgage pipeline hedging and risk management, software development and data communication tools. LION's business to consumer Internet portal, Mortgage101.com, attracts over 1 million unique visitors, delivering access to LION's extensive proprietary network of mortgage brokers, realtors and lenders. Through its subsidiary, Tuttle Risk Management Services LLC, LION provides hands-on mortgage pipeline risk management for financial institutions that originate and then sell loans into the secondary market. LION has offices in Washington, California and Colorado and has been named by Deloitte & Touche LLP as one of the 50 fastest growing technology companies in the state of Washington for 2004 and 2005. For more information about LION, please visit www.lioninc.com.
