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Loantrader Inc

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BUSINESS
June 12, 2001 | Associated Press
Online mortgage brokers Ultraprise Corp. in Frederick, Md., and LoanTrader Inc. in Irvine said Monday that they plan to merge. Financial terms were not disclosed, but the companies also said they have closed a $9.5-million round of equity funding for the new company, which will be called Ultraprise Loan Technologies Inc. and based in Frederick. The combined development functions, professional services and hosting operations will be in Irvine.
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BUSINESS
June 12, 2001 | Associated Press
Online mortgage brokers Ultraprise Corp. in Frederick, Md., and LoanTrader Inc. in Irvine said Monday that they plan to merge. Financial terms were not disclosed, but the companies also said they have closed a $9.5-million round of equity funding for the new company, which will be called Ultraprise Loan Technologies Inc. and based in Frederick. The combined development functions, professional services and hosting operations will be in Irvine.
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BUSINESS
June 14, 2000
Jack Baumann has joined LoanTrader Inc. in Irvine in the newly created position of chief information officer. He was formerly director of e-business development and customer resource management systems at Toshiba America Information Systems. * Ericka Rickman has been appointed vice president of sales and marketing of Secure Horizons operations in California, Washington and Oregon. She was previously vice president for business process improvement at Cigna Healthcare for Seniors.
BUSINESS
April 14, 2001 | Daryl Strickland
LoanTrader Inc., an Irvine provider of mortgage listings for brokers, said Friday that it plans to shut down its Internet mortgage service Thursday. The industry had been slow to respond to the 2-year-old online operation, which connected mortgage brokers with lenders, chief executive John Le said in a prepared statement. "The operational and financial burdens . . . were too great a drain on resources," he said.
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