In Brief: Deal Would Diversify On-Line Mortgage Bank

Virtuallender.com Inc., an on-line mortgage bank, has signed an agreement to acquire HomeSmart.com, a Web-based real estate publication and referral network.

Carol Pizzo, president and chief operating officer of Virtuallender.com, said the acquisition will let the company expand loan volume and products to reach a larger market.

HomeSmart.com gives consumers access to banks, real estate and insurance companies, credit reporting services, and appraisal services.

Ms. Pizzo said Virtuallender.com is negotiating several other Internet transactions to supplement on-line residential and commercial lending products.

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