GHR's Success Behind the Screens.

Mortgage BankingVol. 61 Nbr. 3, December 2000

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GHR Systems Inc. - Brief Article

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GHR's Success Behind the Screens.

Some companies specialize in constructing the infrastructure that enables e-commerce. They aren't your household names, but companies like GHR Systems Inc. are building the technology that's putting the mortgage business online.

NEWS ABOUT ONLINE MORTGAGE COMPANIES HAS BEEN PLENTIFUL AND NOT NECESSARILY GOOD OVER THE LAST FEW MONTHS. Along with iOwn.com, San Francisco, eliminating its mortgage division this summer, OnLoan.com, Fort Lauderdale, Florida, a fledgling online mortgage firm that began offering loans less than a year ago, has decided to sell its operation.

Other casualties include AppOnline, Melville, New York, which filed for bankruptcy, and former online powerhouse mortgage.com, Plantation, Florida, which has been forced to jump the Internet ship because of a lack of funding.

Regardless of the not-so-great news about the online mortgage market, some research still shows that the online market is headed fo...

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