| Business Summary | | FiNet.com,
Inc.,
through
its
wholly
owned
subsidiary
Monument
Mortgage,
provides
both
traditional
and
on-line
mortgage
services
to
brokers
and
consumers.
The
Company's
services
include
the
FiNet.com
Website:
Services
to
Consumers
and
the
Monument
Mortgage:
Services
to
Brokers.
Through
the
FiNet.com
Website,
consumers
can
fill
out
an
on-line
loan
application
and
request
an
automated
underwriting
analysis
of
their
application.
Monument
Mortgage
provides
access
to
its
automated,
on-line
mortgage
approval
process
via
a
variety
of
channels.
A
broker
can
utilize
these
services
either
electronically
through
Monument
Mortgage's
desktop
loan
origination
software,
or
through
the
submission
of
a
traditional
loan
file. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | FiNet.com,
Inc.
provides
e-commerce
home
financing,
facilitating
home
ownership
through
technology-based
products
and
automated
services
for
consumers
and
mortgage
broker
businesses.
For
the
six
months
ended
6/30/01,
revenues
rose
26%
to
$4.5
million.
Net
loss
before
accounting
change
decreased
61%
to
$4.7
million.
Results
reflect
a
shift
in
Monument
Mortgage's
strategy
toward
higher
margin
products
and
lower
personnel
costs
and
professional
fees
paid. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Rick Cossano, 45 Pres,
CEO, Director | $445K | L. Daniel Rawitch, 42 Vice
Chairman | -- | Patrick Mackin, 52 Exec.
VP, CFO | -- | Michael Quinn, 31 Sr.
VP, Capital Markets | 146K | Robert Katz, 35 CTO | 135K | Dollar
amounts are as of 31-Dec-2000 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
|
|