Mortgage.com said it has notified Intuit that it wants to cancel an agreement to provide conforming loan technology for Intuit's QuickenMortgage Web site.
Mortgage.com's chairman and president, Seth Werner, said the pact with Intuit, of Mountain View Calif., prevents his company from entering other partnership agreements.
He also noted that loan volume from the Quicken site is off 20% this year.
Mortgage.com acted after Intuit announced Thursday that it had agreed to buy Rock Financial Corp. a Bingham Hills, Mich.-based on-line lender. Mortgage.com also has an exclusive three-year agreement to provide subprime mortgage technology to Intuit.
Intuit and Mortgage.com did not comment further.
-- Hala Habal