Founded in 1998, iwayloan operates as an Internet-based mortgage lender operating in more than 30 states across the United States. It allows clients to use the Web site for their primary home purchase and national vacation and investment property acquisitions. It promotes its business through online and off-line advertising and a fully automated Web site known as iwayloan.com. The firm specializes in several types of loans, such as conventional, jumbo, self-employed, nonpermanent residents and B-D paper loans. It utilizes fully automated, in-house processing, underwriting, funding and shipping techniques to provide home equity and home purchase mortgage loans and refinancing services for the customers. Iwayloan is headquartered in Houston and has branch offices in Carrolton, Austin and The Woodlands, Texas.