Press Releases

GREENLIGHT FINANCIAL NOW LICENSED FOR DIRECT-TO CONSUMER LENDING IN ALABAMA

(Irvine, CA) - June 10, 2003 - Greenlight Financial Services, one of the fastest growing direct-to-consumer mortgage lenders in the industry, today announced it is now licensed to provide loans in the state of Alabama. With this development, Greenlight is now licensed in 40 states and continues its unprecedented expansion. Having originated over $4.4 billion in loans since the company's inception in 2001, Greenlight is working towards being licensed in all 50 states, a feat it expects to accomplish this year.

"Greenlight is pleased to begin doing business in the great state of Alabama," said Jeff Lisinicchia, CFO of Greenlight Financial Services. "As our continued expansion into all 50 states proceeds, we look forward to providing the citizens of Alabama excellent customer service with the lowest rates and quickest processing."

As a leader in the next generation of mortgage lending, Greenlight originates first and second mortgages as well as equity lines of credit. Greenlight's offering is based on three principles: competitive rates, exceptional customer service and efficient loan processing. These are delivered along with the guarantee that if a client is ever dissatisfied with any aspect of the loan process or service - or able to find a more competitive rate elsewhere - they are free to cancel without any cost or obligation. This successful formula has led to Greenlight providing over $4.4 billion in loans for its customers since the company's inception.

About Greenlight Financial Services:
Greenlight Financial Services (www.greenlightloans.com; 866-66-FASTER) has become one of the fastest growing direct-to-consumer mortgage lenders in the industry; providing a combination of advanced technology, competitive interest rates, and outstanding customer service. Greenlight originates first and second mortgages, as well as equity lines of credit. Founded in 2001, Greenlight Financial Services is headquartered in Irvine, California.


About Greenlight Financial Services:
Greenlight Financial Services (www.greenlightloans.com; 866-66-FASTER) has become one of the fastest growing direct-to-consumer mortgage lenders in the industry; providing a combination of advanced technology, competitive interest rates, and outstanding customer service. Greenlight originates first and second mortgages, as well as equity lines of credit. Founded in 2001, Greenlight Financial Services is headquartered in Irvine, California.