Mortgage Ramp is taking VerticalNet's Solutions suite of community, content and market design tools, which include multiple market mechanisms and transaction types, multi-party system interaction and a broad range of buy- and sell-side services.

Mortgage Ramp's executive managing director Ned Finkenstaedt says the package of analytical tools, research, material, industry news and educational resources will enable MortgageRamp to reduce the time between loan origination, closing and securitization without sacrificing diligence or discipline. "VerticalNet is a proven player in the technology market," says Finkenstaedt. "It is an excellent match for us."

In announcing the relationship, MortgageRamp CEO Michael Greco took it one step further. "VerticalNet is giving MortgageRamp the tools it needs to continue its goal to become a complete solution for buyers and sellers," he says. "VerticalNet will create an advanced trading environment within MortgageRamp, creating real-time access, information and technology support to sustain each MortgageRamp transaction."

GlobeSt also is working the MortgageRamp Web site. GlobeSt is providing the MortgageRamp site with daily news and abstracts gathered from our network of 40 reporters in 25 metropolitan areas throughout the nation.