| Business Summary | | Mortgage.com,
Inc.
is
a
provider
of
online
mortgage
services
and
technology
to
businesses
and
consumers.
The
Company's
vision
is
to
create
the
definitive
Internet-based
technology
platform
for
originating,
underwriting,
processing,
closing
and
selling
mortgage
loans.
The
Company
enables
other
businesses
to
use
this
technology
platform
when
they
market
to
customers
who
choose
to
obtain
mortgage
services
through
the
Internet.
The
Company
has
developed,
and
will
continue
to
develop,
state-of-the-art
technology
to
support
the
origination,
processing,
underwriting,
closing,
and
secondary
marketing
of
mortgage
loans. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | MDCM
is
a
provider
of
online
mortgage
services
to
consumers
and
to
other
businesses.
For
the
nine
months
ended
9/30/00,
total
revenues
decreased
33%
to
$31.6
million.
Net
loss
applicable
to
Common
before
extraordinary
item
increased
29%
to
$47.8
million.
Revenues
reflect
a
decrease
in
the
total
dollar
amount
of
loans
originated
due
to
higher
interest
rates.
Net
loss
reflects
the
inclusion
of
a
$10
million
impairment
of
assets
charge
and
increased
S/G/A
expenses. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1999 Pay | |
| Seth Werner, 54 Chairman,
Pres and CEO | $376K | George Naddaff, 70 Vice
Chairman | -- | Stephen Foltz Interim
CFO | -- | Barbara Rambo, 47 Pres
of Openclose.com | -- | John Hogan, 38 Sr.
Exec. VP, Director | 273K | Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|