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Basis100, E*TRADE Canada Add Mortgages to Brokerage Site

E-commerce solution company Basis100 and E*TRADE Canada have established a strategic alliance allowing consumers to apply for mortgages on the E*TRADE Canada site.

The agreement integrates Basis100's Online Mortgage Explorer (OME) software into the E*TRADE Canada Web site. The new Internet service will be promoted as E*TRADE Canada Mortgage Explorer.

The new service will allow customers to obtain comprehensive information on mortgages, comparison shop, and apply for a mortgage online from the convenience of their desktop.

"The addition of mortgages to E*TRADE Canada's growing suite of financial tools through the link to the OME is another step in our development of an online destination where customers can conduct all their personal financial business," said Colleen Moorehead, President of E*TRADE Canada.

Consumers will be able to fill out questionnaires, obtain custom quotes and receive impartial guidance as to the mortgage that will best meet their financial needs.

"Adding the OME technology to the E*TRADE Canada site is a natural complement to the advancement of online financial services," said Gary Bartholomew, Basis 100 Chairman and CEO.

"Through shared vision and technological leadership, Basis100 and E*TRADE Canada will continue to deliver distinctive and powerful online solutions to the financial services market."

The E*TRADE Canada Mortgage Explorer will debut nine lenders including MCAP Mortgage Corp., Bank of Montreal and CIBC.

Basis100 provides Internet-based business-to-business e-commerce solutions, focusing on creating mortgage, consumer credit, securitization, and fixed income electronic marketplaces.

E*TRADE Canada is a service of VERSUS Brokerage Services. VERSUS Technologies provides electronic securities trading services to the Canadian marketplace. VERSUS' retail business is marketed exclusively in Canada under the E*TRADE Canada name, as a service of VERSUS Brokerage Services.