| October 26, 2000 |
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Homestore, Inc. (NASDAQ: HOMS), the nation’s largest home and real estate network, announced today that it has formed a two-year, multi-million dollar technology and marketing alliance with OnePipeline, Inc., the leading provider of automated legal compliance software and services related to mortgage loan origination and related compensation. Under the terms of the deal, Homestore.com™ will use OnePipeline as its provider of automated legal compliance technology related to compensation for real estate professionals that assist with mortgage loan origination. Homestore.com also will acquire equity in OnePipeline. Both companies will promote OnePipeline’s groundbreaking Automated Compliance System™ that features a sophisticated Automated Compliance Engine (ACE)™ with workflow software that conforms to ever-changing laws, regulations and disclosure requirements governing real estate and mortgage lending. Visit Homestore.com and OnePipeline.com for more information. |
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