SOURCE: MoneyLine Lending Services

April 29, 2005 06:00 ET

MoneyLine Lending Services and the Leavitt Group Partner to Provide Mortgage Loans Through Agency Network

The Leavitt Group Insurance Agents Will Now Offer Residential Mortgage Services in Addition to Its Competitive Insurance Products

MoneyLine's Outsourced Fulfillment Services Meet the Mortgage Needs of Insurance Company

IRVINE, CA -- (MARKET WIRE) -- April 29, 2005 -- MoneyLine Lending Services, a leading provider of private-label, outsourced origination and fulfillment services, and the Leavitt Group, an organization of independent insurance agencies, have partnered to offer quality mortgage services to customers throughout the Leavitt Group's network.

"We see a growing convergence of product offerings from various financial service companies," said Dane Leavitt, president and CEO of the Leavitt Group. "Providing mortgage loans by teaming up with MoneyLine promises to help us better serve our customers."

In addition to offering a wide range of competitive insurance products to businesses and individuals, the Leavitt Group's agents will also be able to meet the mortgage needs of its customers. Through the new mortgage program branded Allegiance Direct Mortgage, customers of the Leavitt Group can access customized rate quotes, submit applications, track the progress of their loans, and access other mortgage resources online at www.allegiancedirectmortgage.com. The Leavitt Group's agents and customers will be assisted by MoneyLine's dedicated team of mortgage professionals who provide real-time loan information to ensure superior customer service throughout the loan process.

MoneyLine's customized services will enable the Leavitt Group's agents to meet the mortgage needs of existing and new customers while MoneyLine's mortgage professionals and back-office fulfillment services simplify the loan process and minimize the back-office fulfillment costs. MoneyLine's private label services ensure the mortgage loan process is completely seamless to the Leavitt Group's customers.

"The Leavitt Group already sells thousands of homeowner's policies each year," said Adriaan van Zyl, President of Allegiance Direct, a subsidiary of the Leavitt Group. "Offering residential mortgage loans is a natural next step to meeting customer needs and a wonderful opportunity to strengthen customer relationships."

"MoneyLine is very pleased to join forces with a group of independent insurance agencies that is uniquely striving to bring together competitive, compatible products for their customers," said Evan Gentry, president and CEO of MoneyLine Lending Services. "We are committed to providing competitive mortgage products and services that will meet the diverse mortgage needs of the Leavitt Group's agents and their customers."

The Leavitt Group

The Leavitt Group, founded in 1952, is an organization of over eighty independent insurance agencies located in thirteen states.

About MoneyLine Lending Services

MoneyLine Lending Services specializes in providing financial institutions with private-label, outsourced mortgage origination and fulfillment services. MoneyLine's mission is to improve the relationships between financial institutions and their customers by providing exceptional service, personalized interaction, increased convenience, and competitive loan programs. For more information on MoneyLine's outsourced mortgage solutions, visit www.moneylinelending.com or call 800-837-8570.

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