LION, LoanRover Form Alliance

LION Inc., Seattle, has formed an alliance with Silver Spring, Md.-based LoanRover Decision Systems that will see LoanRover's subprime decision engine distributed to LION's network of mortgage originators and lenders.LION says its network includes over 6,500 mortgage brokers, 250 lenders, and 20,000 limited members, all of whom will now have access to LoanRover's software. The multilender decision engine will allow broker members of LION's network to submit a file and receive instantly priced, conditional loan approvals from subprime lenders. LION said this move would put the company closer to its goal of providing a turnkey mortgage technology system. LION already offers lead generation, websites, loan search services, and loan processing software. The companies can be found online at http://www.lioncorp.net and http://www.loanrover.com.