Apponline.com, Inc. - AOPL- Profile

AppOnline.com, Inc.. AppOnline.com, Inc., through its subsidiaries, provides mortgage banking and brokerage services. The business operations consist of mortgage loan applications, underwriting, closing and secondary marketing of mortgage loans. The products and services include consumer loans, secondary loan sales, private labeling and co-branding of products and technologies to other financial institutions. The company also offers commercial real estate broker services. During 1999, the company acquired assets of By Owner Mortgage Company and Biltmore Home Loans, Inc. and capital stock of Queen City Mortgage Co., Pioneer Financial Group, Inc., Alliance Mortgage Corp. and Arrowhead Mortgage Company, Inc. Premium income accounted for 88% of 1999 revenues; interest income, 11% and management fee income, 1%.