On-line real estate lenders, mortgage companies form trade group

SAN FRANCISCO - A group of Internet real estate lenders and mortgage lending companies have formed The Online Real Estate Association to improve their mutual performance, address regulatory issues and improve service to consumers. The new association, was announced at the recently held Real Estate Connect 2000 Summit here. The new group includes Microsoft, Intuit's Quicken Loans, HomeGain, ImproveNet, Inman News Features and John L. Scott Real Estate. The group is expected to work with government agencies to promote the automation of online real estate transactions, as well as work together in adopting new technologies.

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