In what can perhaps be considered a preview of things to come in the commercial and residential real estate finance industry, a flurry of new Internet sites popped up on our radar screens last week, foreshadowing the streamlining effect that the Web might have on the mortgage and securitization markets.

After highly touting it at this month's Naples, Fla. commercial real estate forum, Cargan City LLC launched MortgageSelector.com on January 12, an online quoting system for commercial real estate players that is intended exclusively for brokers and bankers. The site was created specifically for the 500 lending institutions and 20,000 commercial mortgage agents participating in the commercial real estate finance industry.

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