Lead Co. Looking for Partner

American Money Network seeking strategic partner
By MortgageDaily.com staff
1/18/2006

A California Internet mortgage lead company has put out the word that it's looking to partner with another company.

American Money Network LLC is seeking a strategic partner to expand its loan lead business, according to an announcement today.

The company, which says it has generated $8 million in revenue since launching four years ago, reports a "loyal network" of more than 60 mortgage lenders.

"As a small private company we are limited in our ability to secure sizable Web media contracts with the major portals," said the company's founder in the statement. "We are seeking a strategic partner with national licensing and/or Web traffic in order to achieve immediate scale."

The San Francisco-based company, which operates online as www.LoanHounds.com, added, "We just need to find a partner who'll help us become a tier one player."

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