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Home > Company Index > Financial Services > Mortgage Banking & Related Services > FiNet.com, Inc.

FiNet.com, Inc.
Nasdaq (SC): FNCM
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 PROFILE
FiNet.com hopes it won't become Bye-ByeNet.com. Facing stiff competition in the online retail mortgage market, the company trimmed its staff and switched its focus to primarily providing online products and services to mortgage brokers. Its Monument Mortgage subsidiary offers brokers a variety of loan products, online application processing and approval, rates, and other services. FiNet continues to offer online loan applications and other services directly to consumers at its eponymous Web site. The firm has battled delisting with the help of cash infusions from its backers, which include shareholder Banco Espirito Santo de Investimento; one of Portugal's top investment banks, it owns about 10% of the company.

 COMPETITION
E-Loan, Inc. (EELN)
NetBank, Inc. (NTBK)
Quicken Loans Inc. (dossier)

 DEALS
Deal: FiNet Partners with We Media
Date Announced: 12.09.99
Value of transaction (US $Mil): 0
Description: FiNet to be exclusive mortgage brokerage for Web-based disabled community.

Search all deals for this company

 TRACKERS
Dec. 06, 2000 - LAYOFF TRACKER
28 laid off
Description:

Jan. 31, 2000 - LAYOFF TRACKER
45 laid off
Description: Repositioning to focus on b-to-b rather than b-to-c.

More LAYOFF NEWS

 STOCK ANALYSIS
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FURTHER ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 8.10
1-Yr. Sales Growth: (63.8)%
Employees: 88
Revenue per employee: $92,045.45

 KEY PEOPLE
• L. Daniel Rawitch
    CEO

 CONTACT INFO
Bishop Ranch 7
San Ramon, CA 94583
US
Phone: 925-242-6600
Fax: 925-242-5959
Online: Web Site

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