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GREENLIGHT FINANCIAL SERVICES OFFERS
FASTER NEW HOME EQUITY LOAN
New Second Mortgage, Home Equity Loan Funds in Only 5 Days!

(Irvine, Calif.) − June 21, 2006 − Greenlight Financial Services, a leading direct-to-consumer mortgage lender, today announced a new type of home loan is now available to Greenlight customers. The new second mortgage, home equity loan is unique in that it funds in just five business days which means a consumer could conceivably fill out a loan application on Monday and have cash in hand that Friday.

According to Greenlight Financial Services CEO, Joann Pham, "This loan was created for the consumer who needs cash fast. It enables the consumer to quickly access the equity in their home and exemplifies Greenlight's ongoing commitment to provide superior customer service. "

As a leader in the next generation of mortgage lending, Greenlight Financial Services originates first and second mortgages, as well as equity lines of credit. Greenlight's success is based on three principles: competitive rates, exceptional customer service and efficient loan processing. These are delivered along with the Greenlight 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 close to $9 billion in loans for its customers since the company's inception.

Recent forward-thinking initiatives include: Greenlight Financial Service's recent participation in the development of a paperless loan process, called "eMortgage" that makes the process easier and quicker for the consumer as well as helping to save trees and sponsorship of the 2005 and upcoming 2006 "XGR Greenlight Gravity Racing Series," where teams race engineless eco-friendly cars while providing temporary jobs and career training for teenagers in foster care.

"It has always been a priority of Greenlight to give back to the community," said Pham. "It's important to us to take a leadership role and create new ways to help our customers take advantage of their home equity."

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.


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.