SUNRISE, Fla. - Less than a month after adopting a business-to-business strategy, Mortgage.com said Wednesday that it has reached a deal to pump as much as $40 million of capital into the company.An undisclosed institutional investor has agreed to buy up to $40 million of previously unreleased Mortgage.com common stock over the next 24 months, the company said. Mortgage.com plans to use the money to finance its development of an electronic platform for the mortgage industry.

Last month Mortgage.com said it had decided direct consumer marketing of loans over the Internet was not a viable business model, and it joined FiNet.com and other online lenders that have switched to a business-to-business model.

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