National industry appointments update - 07/27/2006

LendingGear launches broker/lender auction portalMortgagePress.comMortgage auction portal
LendingGear Network LLC has introduced its broker/lender
mortgage auction portal, available at its Web site, www.lendinggear.com.
Through a simple Web-based form, registered brokers can post
thorough listings of residential or commercial mortgages they
desire to place with lenders. Registered account executives and
lenders can then search for compatible loans and place bids for
loans they wish to fund. With customized search settings saved
within the account executives' profiles, automatic notifications of
matching listings are sent to their e-mail inboxes with
corresponding links that allow them to more easily navigate the
site and bid on loans.
Wayne, Pa.-based LendingGear Network LLC is a privately held
company that operates a broker/lender mortgage auction portal and
provides other mortgage-related information and services on its Web
site. For more information, call (610) 871-5309 or visit www.lendinggear.com.