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Press Release


MortgageDaily.com Registered Users Surpass 10,000

Origination, production most selected occupation

IRVING, TX (January 10, 2003) -- MortgageDaily.com, a premier online mortgage industry news publication, announced Friday that registered users have surpassed 10,000.

MortgageDaily.com implemented the user registration system in August.

About 63% of the users indicated they are in "Loan Origination," which includes loan officers, loan originators, loan reps, loan sales, mortgage brokers, and anyone else who earns commissions for originating and closing mortgage loans. This is up from 60% in October, when MortgageDaily.com first released user data.

More than 6% of registered users indicated they are in "Loan Production," among which are included loan processors, sales managers, underwriters, and closers. About 7% indicated they were in loan production last October.

Nearly 6% said they are in "Wholesale Lending," which includes account executives and their sales managers and quality control personnel. This category was unchanged from the last announcement.

Just more than 3% of registrants indicated that they are a "Mortgage Executive," down from 4% in October. This category includes vice presidents or higher at a lender with more than 100 employees.

"Secondary Marketing" was selected by approximately 3% of all registered users. In addition to those positions that deal with the buying and selling of closed loans, this category includes warehouse lenders.

Other noteworthy categories include:

Category of User
# Users
Consumers
372
Real Estate Agents/Brokers
242
Mortgage Technology
209
Mortgage Loan Servicing
138
Mortgage Backed Securities
117
Appraisers
76
Legal
60
Media
56
Title Insurance
39
Government Agencies
22
Analysts
11

The registration procedure also asks users to pick among "Residential," "Subprime," and "Commercial." Following are the results of that category:

Type of Loans
%
Residential
86%
Subprime
10%
Commercial
4%


About MortgageDaily.com
MortgageDaily.com was founded in 1998 and has chronicled the mortgage industry for the 21st century. In addition to major mortgage industry announcements, MortgageDaily.com covers criminal fraud cases and subjects of interest to individual loan originators. News is currently published as a free online trade journal for those in the industry. MortgageDaily.com is located in Las Colinas, Texas, a futuristic area near Dallas where skyscrapers meet canals and lakes.

Contact

Media:
Sam Garcia, Publisher
SamGarcia@MortgageDaily.com
214.521.1300 phone
214.853.4245 fax

Advertising:
214.521.1300

P.O. Box 132451
Irving, Texas 75014-2451

www.MortgageDaily.com

MortgageDaily@aol.com




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