AnchorBank: Announces Online Mortgage Lending Web site

Kelly Mlsna



SPEED e-App™ offers “anytime” application and approval in minutes

Madison, Wis.—July 6, 2005: AnchorBank, fsb, recently announced the launch of SPEED e-App™, their online mortgage origination Web site accessed through SPEED e-App gives users the ability to research interest rates and loan products, apply for their mortgage online 24- hours-a-day, 7-days-a-week, and get an approval in minutes.

“People are time-crunched these days, so we wanted to offer an easy and convenient option when they are looking for a mortgage,” said Donald Bertucci, vice president residential lending at AnchorBank. “With SPEED e-App, people can apply when the time is best for them—not when the bank is open or when someone returns your calls. It takes customer service to the next level.”

Ease and convenience is evident throughout the Web site. Applicants have the ability to save their application and return to complete it at any time. On weekends, when many lenders are closed, borrowers can investigate products and apply for their mortgage. Eliminating unnecessary questions, the Web site dynamically changes online questions based on the information entered by the applicant.

Online tools included in the Web site consist of mortgage calculators, a glossary, details of what to expect throughout the application process and product descriptions. Help is provided along the application path and is customized for the specific questions that are displayed on the screen.

Founded in 1919, AnchorBank is one of the state’s largest financial institutions with 57 full-service and two lending-only facilities located throughout Wisconsin. AnchorBank, fsb is a wholly-owned subsidiary of Anchor BanCorp Wisconsin Inc. Anchor BanCorp’s stock is traded on the over-the-counter market under the NASDAQ symbol ABCW.