RealTime IT News

E-LOAN, StockMaster Combine for Mortgage Center

Internet-based mortgage broker E-LOAN and online financial company StockMaster announced this week the launch of a co-branded mortgage center.

Under terms of the agreement, the mortgage center is located on StockMaster's site, and E-LOAN is its exclusive mortgage broker. The co-branded site is intended to provide direct access to leading national and regional mortgage lenders and users can apply for and obtain a loan online, as well as track a loan's progress with the E-Track loan tracking system.

Financial terms were not disclosed.

"Expanding our offering to incorporate mortgage services furthers our mission to empower the individual investor by helping them track and manage their entire balance sheet--investments and debt--via the Internet," said Mark Torrance, president and CEO of StockMaster.

"Now our investor community will have E-LOAN monitoring the entire mortgage marketplace and get them closer to the capital markets, which will help them get better rates and make more informed loan decisions."