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Registered Users Jump 50% From January at

Registered Users Jump 50% From January at

More than 15,000 have registered in less than 1 year

May 14, 2003

By staff

Registration has surpassed the 15,000 mark at

According to the registration system implemented in August, there has been a 50 percent increase in registered users since January. readers have access to feature stories about fraud as well as news on major industry players and consequential regulatory issues.

According to registration data, 62 percent of site users said they worked in loan origination. This number represents a slight decrease from the 63 percent who chose that description in January. This category includes loan officers, loan originators, loan representatives, loan sales, mortgage brokers, and anybody who earns commissions from origination or closing of mortgages.

The bulk of other site registrants said they held other types of industry positions. Wholesale lenders comprised six percent of the responses. These users include account executive, quality control personnel and sales managers. Another 7 percent reported working in some type of loan production, including loan processors, sales managers, underwriters, and closers. Executive positions were reported by three percent of registrants, with executive defined as a vice-president or higher level in a 100+ employee enterprise.

Another question in the registration process allows analysis of the type of loans site users handle. The latest numbers reveal that 86 percent report working in residential, four percent commercial.

Ten percent of users categorize themselves as subprime lenders.

The online publication began operating in 1998 and is based in Irving, Texas.

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