Many people think the Internet is just a cornucopia of useless information, overrun with chat rooms and Web pages devoted to the minutiae of pop culture.

But Norwest Mortgage Inc., Des Moines, and PMI Group, a mortgage insurer, are attempting to harness the Internet for practical business purposes. In December, the two companies successfully sent encrypted mortgage insurance applications over the Internet.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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