Jumping on the Internet bandwagon, Pennsylvania-based American Business Financial Services Inc. (ABFI), a home-equity lender, recently introduced EasyLoan Advisor, an electronic system which would allow the company's clients to structure loans without human intervention, boosting its online origination on the HEL front.

"In less than a year or so, it would be representing 30% of our origination volume," said Al Mandia, executive vice president and chief financial officer at ABFI. These loans, which will be included in ABFI's securitization program, will amount to about $200 million to $250 million in two years, he added.

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