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.