Fleet Mortgage Group is getting into the technology business - and offering its expertise to nonbanks.

The FleetBoston Financial unit said Thursday that it had created a subsidiary that will license out tools for originating home loans on the Internet. Clients would include other banks, lenders, and mortgage brokers, but also "trusted advisers" such as real estate agents and financial planners.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.