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E-Loan, hrblock.com Team

Online mortgage company E-LOAN Inc. has been named the exclusive mortgage services provider for hrblock.com, which is moving beyond online tax preparation.

The mortgage center will be one of the three centers featured on the new H&R Block Web site through prominent tabs on the home page. The other two centers are tax and investment. Financial arrangements were not disclosed.

"We chose E-LOAN because they are the leader, both in loan volume and in providing the best available loan rates and features," said Pat Crorkin, H&R Block's assistant vice president of E-commerce. "Calculating taxes and arranging mortgages can confuse and intimidate people. Customers have come to trust H&R Block for tax services, and we believe E-LOAN has earned the same trust for loans."

The agreement with E-LOAN allows hrblock.com visitors access to E-LOAN's full suite of debt management tools and mortgage services. The Mortgage Center powered by E-LOAN features calculators to estimate tax implications and benefits of home ownership, email notification when the loan rate desired becomes available, a tool that recommends the best loan types for a borrower's situation, customized rate quotes, and a mortgage comparison feature -- everything the consumer needs to get a home loan.

H&R Block Tax Services Inc. served 18.9 million taxpayers in more than 10,000 offices located primarily in the United States, Canada, Australia and the United Kingdom in 1999. Block Financial Corp. offers consumer financial products and services, including tax preparation services over the Internet.



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