The biggest splashes came when the lender took the wraps off ofits Bid.com and Celeris services. The first, according to onecompany insider, is geared to bring commercial finance projectsonline. The second, a product of the Fleet Mortgage division, isdesigned to "help financial advisors originate mortgages and tosupply other financial services as appropriate." The Celerisoperation is based in Columbia, SC.

"In the first quarter of this year," the spokesperson tellsGlobeSt.com, "we underwent a corporate-wide planning process inwhich every business line was evaluated for its E-preparedness.Included in the questions we asked were: when would the Internetreach absorption, and what point were we at then. We asked if eachbusiness line thought of itself as E-enabled and how virtualcompetition could challenge the success of our business."

The products rolling out this year are a direct result of thatinitiative, the spokesperson notes, and there are more to come,although the details get sketchy here. "There are some products inthe works, but nothing we can announce now," she says. "Thestrategy is to enhance what we currently offer on the Internet bybuilding products in house or aligning ourselves with leaders inthe industry who can develop products for us."

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

John Salustri

John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.