Newsroom

MOUNTLAKE TERRACE, Wash. – August 16, 2006 – The third edition of the National Mortgage News 20 (Mostly) Private Mortgage Firms to Keep an Eye On was released for 2006 and MILA came in at number 11.  Recognized by the leading trade publication for its proprietary technology, AccessPoint, and recent phenomenal growth, MILA made its debut on the prestigious list this year.

“It is a great honor to be recognized for the hard work our associates put in every day to deliver the best-of-class service that has propelled both our growth and our technology and product innovation,” explained Layne Sapp, founder and CEO of MILA. “It’s affirmation that we are on the right track in making the mortgage lending experience better for both brokers and their borrowers.”

MILA has built into its business strategy continued plans for growth and innovation that include the launch of conforming loans, exclusive specialty products, as well as aggressive state expansion that will put the lender in most of the lower 48 states by spring 2007. With the housing market slowing after several years of unprecedented growth, these strategies give MILA an opportunity for continued prosperity adding valuable market share.

That added market share has already been apparent as the wholesale lender earlier this year added Alt-A products to its mix which now live chat service, continue to underscore MILA’s role as a pioneer in forward-thinking mortgage lending.

“We’re on the cusp on an exciting era in the mortgage industry,” Sapp continued. “The recent boom has allowed for tremendous growth and investment in technology that will ultimately transform the home buying process for brokers and their borrowers. We are closer than ever to a truly paperless loan and MILA aims to be the first to offer it throughout the continental U.S.”

About MILA, Inc.

MILA, Inc. is one of the fastest-growing e-commerce mortgage solution providers in the nation currently serving the wholesale residential market in 33 states with a broad range of mortgage lending products. Financial strength, management stability, and proprietary, cutting-edge technology give MILA the ability to meet the challenges of the ever-changing mortgage lending market and to anticipate market trends. For more information visit www.mila.com.