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Exhibit 10.4

EMPLOYMENT AND COMPENSATION AGREEMENT

    This Employment and Compensation Agreement (the "Agreement") is entered into
in Contra Costa County, California, as of the 28th day of September, 2001, by
and between Monument Mortgage, Inc., a California corporation ("Monument" or
"Employer"), which is a wholly owned subsidiary of FiNet.com, Inc., a Delaware
corporation ("FiNet"), and Matt Soto, an individual ("Employee"), who agree as
follows:

    This Agreement is made with reference to the following facts:

    A. Monument is engaged in the residential mortgage business and is a wholly
owned subsidiary of FiNet, which is a provider of both traditional and
e-commerce home financing services;

    B. Employee desires to perform services for Employer and Employer desires to
engage Employee to perform services in accordance with the terms and conditions
set forth in this Agreement.

    Now therefore, in consideration of the foregoing and of the covenants,
representations and promises set forth in this Agreement, the parties hereto,
agree as follows:

1.  Employment.

    a.  Employer hereby offers Employee employment with Employer, and Employee
hereby accepts employment, commencing on September 30, 2001 on the terms and
conditions contained in this Agreement.

    b.  Employee shall serve as President of Monument and Executive Vice
President of FiNet reporting directly to L. Daniel Rawitch, Chief Executive
Officer ("CEO") or his designee. In that capacity, Employee shall faithfully and
diligently carry out such duties and have such responsibilities as are customary
among persons employed in substantially similar capacities for similar
companies, provided that Employee shall at all times be subject to the direction
of the CEO of Monument. Employee agrees to the best of his ability and
experience to perform loyally and conscientiously all of the duties and
responsibilities required of him, either expressly or implicitly, by the terms
of this Agreement

    c.  Location of Employee's employment shall be at Employer's corporate
offices located in San Ramon, California.

2. Term of Employment. Employee's Term of Employment in accordance with the
terms of this Agreement, shall commence as of September 30, 2001 and shall
terminate upon the earlier of September 29, 2004 or as is otherwise specified in
this Agreement (the "Term of Employment").

3. Commitment. Except as is otherwise provided herein, during the Term of
Employment Employee shall devote one hundred (100%) percent of his entire
productive time, ability, and attention to the business of the Employer. Except
as is otherwise provided herein, Employee shall not render any services of a
commercial or professional nature to any other person or organization, whether
for compensation or otherwise, without the prior written consent of the CEO of
Monument. However, the expenditure of reasonable amounts of time for
educational, charitable, or professional activities shall not be deemed a breach
of this Agreement if those activities do not materially interfere with the
services required under this Agreement and shall not require the prior written
consent of the CEO of Monument. Notwithstanding the foregoing, this Agreement
shall not be interpreted to prohibit Employee from making passive personal
investments or conducting private business affairs if those activities do not
materially interfere with the services required under this Agreement.

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4.  Competitive Activities.

    a.  During the Term of Employment, Employee shall not, directly or
indirectly, own an interest in, operate, join, control, or participate in, or be
connected as an officer, employee, agent, independent contractor, partner,
shareholder or principal of any corporation, partnership, proprietorship, firm,
association, person, or other entity producing, designing, providing, soliciting
orders for, selling, distributing, or marketing products, goods, equipment, or
services that compete directly or indirectly with Employer's products and
services or Employer's business, without first obtaining the written approval of
Employer. Such approval may be rescinded by Employer if and when, in the opinion
of Employer, such activities materially inhibit Employee's performance under
this Agreement or place Employer at risk.

    b.  For one year following his termination as an Employee of, or consultant
to, Employer, whichever occurs later ("Posttermination Period"), Employee shall
not be prohibited from employment in the mortgage industry involving activities
similar to those engaged in prior to becoming an Employee of or consultant to
Employer, except, however, Employee shall not undertake any employment or
activity competitive with Employer's business in which the loyal and complete
fulfillment of the duties of the competitive employment or activity would call
on Employee to reveal or otherwise to use any confidential business information
or trade secrets of Employer's business to which Employee had access by reason
of his prior engagement by Employer.

    c.  During the Term of Employment and the Posttermination Period, Employee
shall not, directly or indirectly, either for himself or for any other person,
firm, or corporation, divert or take away or attempt to divert or take away (and
during the Posttermination Period, call on or solicit or attempt to call on or
solicit) any of Employer's customers or patrons, including but not limited to
those on whom Employee called or whom he solicited or to whom he catered or with
whom Employee became acquainted during his engagement by Employer. Nothing
herein shall limit Employee's right during the Posttermination Period, to call
on or solicit or attempt to call on or solicit any of Employee's customers or
patrons on whom Employee called or whom he solicited or to whom he catered or
with whom he became acquainted during the period prior to Employee's engagement
by Employer.

    d.  During the Term of Employment, Employee shall not undertake planning for
or organization of any business activity competitive with Employer's business or
combine or join with other employees or representatives of Employer's business
for the purpose of organizing any such competitive business activity.

    e.  During the Term of Employment and the Posttermination Period, Employee
shall not, directly or indirectly or by action in concert with others, induce or
influence (or seek to induce or influence) any person who is engaged (as an
employee, agent, independent contractor, or otherwise) by Employer to terminate
his or her employment or engagement.

5.  Compensation.

    As compensation for the services to be rendered by Employee hereunder during
the Term of Employment, Employer shall pay Employee a Base Salary and additional
compensation, as is more specifically set forth in Addendum A to this Agreement.
Employee's compensation shall be payable in accordance with Employer's standard
payroll practices.

6. Benefits. In addition to the compensation described herein above, during the
Term of Employment, Employee shall be eligible to receive the following
benefits:

    a.  Such health insurance and other benefits that Employer may, from time to
time, make available to Employer's employees.

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    b.  Four weeks vacation time, sick leave, holidays and personal time in
accordance with Employer's vacation and absence policies, which Employer may,
from time to time, maintain for employees at Employee's level of employment.

    c.  Reimbursement of allowed business expenses, upon submission of
documentation in accordance with Employer's regular expense reimbursement
policies, for reasonable business expenses incurred on behalf of Employer by
Employee.

    d.  Participation in any savings plan, 401(k) plan, profit sharing plan or
pension plan, which Employer may, from time to time, maintain for employees at
Employee's level of employment, subject to plan eligibility.

7.  Confidential Information.

    a.  Employee recognizes that, during the course of his employment with
Employer, he will be exposed to certain nonpublic, confidential information, the
disclosure of which to third parties would cause competitive injury to Employer.
Such confidential information includes but is not limited to Employer's
investment plans or strategies, trade secrets, sources of supply, customer
lists, lists of potential customers, customer or consultant contracts and the
details thereof, pricing policies, operational methods, marketing and
merchandising plans or strategies, business acquisition plans, personnel
acquisition plans, unannounced products and services, research and development
activities, processes, formulas, methods, techniques, technical data, know-how,
inventions, designs, financial or accounting data, inventory reports, production
schedules, cost and sales data, strategies, forecasts, and all other information
that is not publicly available pertaining to the business of Employer or any of
its affiliates. Such confidential information is hereinafter referred to as
"Confidential Information".

    b.  Confidential Information shall not include (i) any information which is
or becomes publicly available other than through breach of this Agreement, or
(ii) any information which is or becomes known or available to Employee on a
non-confidential basis and not in contravention of applicable law from a source
which is entitled to disclose such information to Employee.

    c.  Employee agrees that he will not, while employed by Employer, divulge
Confidential Information to any person, directly or indirectly, except to
Employer or its officers and agents, or as reasonably required in connection
with Employee's duties on behalf of the Employer, except as is required by law
or court order. Employee further agrees not to use, except on behalf of the
Employer, any Confidential Information acquired by Employee during the Term of
Employment. Employee agrees that he will not at any time after his employment
with Employer has ended, divulge to any person, directly or indirectly, any
Confidential Information, except as is required by law or court order. Employee
further agrees that, if his relationship with the Employer is terminated for any
reason, Employee shall not take with him but will leave with Employer all
records, papers, and computer software and data, and any copies thereof relating
to the Confidential Information (or if such papers, records, computer software
and data, or copies are not on the premises of Employer, Employee agrees to
return such papers, records, and computer software and data immediately upon his
termination). Employee acknowledges that all such papers, records, computer
software and data, or copies thereof are and remain the property of Employer.

8. Voice Mail and Electronic Mail. All voice mail and electronic mail on
Employer's telephone or computer systems are the property of Employer and shall
be non-personal, non-private and non-privileged to Employee, and Employee shall
disclose to Employer all codes or passwords necessary for Employer to access
such voice mail or electronic mail.

9. Cooperation. As a condition of his employment with Employer, Employee agrees
that he will not disrupt, damage, impair, or interfere with the business of the
Employer, such as by interfering with the

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duties of the Employer's employees, disrupting relationships with Employer's
customers, agents, representatives, or vendors, or otherwise.

10. Termination.

    a.  Employee may terminate this Agreement for any reason or for no reason
upon providing Employer with sixty (60) days prior written notice of his
intention to terminate.

    b.  Employer may terminate this Agreement upon written notice to Employee
prior to its expiration date for just cause or due to the Employee's death or
substantial physical impairment which prevents Employee from performing his
duties and responsibilities as set forth herein. For purposes of this Section,
"just cause" is defined as the failure of Employee to perform his duties and
responsibilities as set forth herein and as may be established by Employer, to
the satisfaction of Employer; a violation of Section(s) 1, 3, 4, 7, 8, or 9 of
this Agreement; fraud; misappropriation of funds; breach of fiduciary duty;
embezzlement; theft; physical assault or threatened assault on another person;
drunkenness on the job; possession or use of narcotics on Employer's property;
willful and material damage to Employer's property; conviction of a felony;
violation of any state or federal law applicable to Employer's business or
property, including, but not limited to, violations of state or federal mortgage
lending regulatory provisions; or repeated or material violations of Employer's
policies, including but not limited to those policies prohibiting unlawful
employment discrimination and harassment.

    c.  In the event Employee's employment is terminated, whether by Employer
for "just cause", as is defined herein or due to the Employee's death or
substantial physical or mental impairment preventing Employee from performing
the essential functions of his job, or by Employee as provided herein, Employer
shall have no further obligation to pay any compensation to or benefits on
behalf of Employee, however all compensation accrued as of the date of
termination shall be paid to Employee upon termination.

    d.  In the event that Employee's employment is terminated by Employer as a
result of a Change of Control, Employer shall pay to Employee an amount equal to
six (6) months Base Salary as Severance Pay. Employer shall have no further
obligation to pay any compensation or benefits on behalf of Employee, however
all compensation accrued as of the date of termination, as well as, Severance
Pay, shall be paid to Employee upon termination. For purposes of this Agreement,
a "Change of Control" is defined as a merger, consolidation or other
reorganization of Employer in which Employer does not survive.

    e.  In the event that Employee's employment is terminated by Employer as a
result of Employer's decision to voluntarily cease to do business, Employer
shall pay to Employee an amount equal to four (4) months Base Salary as
Severance Pay. Employer shall have no further obligation to pay any compensation
or benefits on behalf of Employee, however all compensation accrued as of the
date of termination, as well as, Severance Pay, shall be paid to Employee upon
termination.

    f.   Upon termination of his employment, Employee agrees to deliver promptly
to Employer all records, files, drawings, documents, specifications, blueprints,
letters, notes, reports and computer software, and all copies thereof, and any
and all materials relating to Employer's Confidential Information that is in
Employee's possession or control. At the time of termination, Employee will have
an exit interview with Employer wherein Employee will certify that Employee has
returned to Employer all tangible Confidential Information disclosed to her, and
disclose Inventions conceived or developed by him during the Term of Employment.

    g.  Sections 4, 7, 9, 10, 11, 12, 13, 14, 15, and 16, hereof, shall survive
termination of this Agreement.

11. Assignment. The rights and liabilities of the parties hereto shall bind and
inure to the benefit of their respective successors, executors and
administrators, as the case may be; provided that, as

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Employer has specifically contracted for Employee's services, Employee may not
assign or delegate his duties and responsibilities under this Agreement either
in whole or part without the prior written consent of Employer. Employer may
assign its rights and obligations to a successor in interest to Employer,
provided such successor assumes all obligations and liabilities thereunder.

12. Severability of Provisions. In the event any provision of this Agreement is
held to be illegal, invalid, or unenforceable under any present or future law,
(a) such provision will be fully severable, (b) this Agreement will be construed
and enforced as if such illegal, invalid, or unenforceable provision had never
comprised a part hereof, (c) the remaining provisions of this Agreement will
remain in full force and effect and will not be affected by the illegal,
invalid, or unenforceable provision or by its severance herefrom, and (d) in
lieu of such illegal, invalid, or unenforceable provision, there will be added
automatically as a part of this Agreement a legal, valid, and enforceable
provision as similar in terms to such illegal, invalid, or unenforceable
provision as may be possible.

13. Mediation and Arbitration. Initially all claims and controversies of any
kind relating to this Agreement shall be submitted to mediation pursuant to the
services of JAMS/Endispute Mediation Service ("JAMS") with the venue of the
mediation being San Francisco, CA. In the event the matter cannot be disposed of
by mediation, all claims and controversies of any kind relating to this
Agreement shall be finally settled by binding arbitration before a single JAMS
arbitrator in San Francisco, CA, in accordance with rules of the JAMS/Endispute
Rules and Procedures for Mediation/Arbitration of Employment Disputes or the
rules of the American Arbitration Association ("AAA"). The parties to this
Agreement shall be bound by the decisions in any such arbitration, and judgment
upon such arbitration may be entered by any court of proper jurisdiction.
Notwithstanding the applicable rules of JAMS/Endispute or AAA, in accordance
with California Code of Civil Procedure Section 1283.1 (b), the parties agree
that depositions may be taken and discovery obtained in any arbitration
proceeding relating to this Agreement in accordance with California Code of
Civil Procedure Section 1283.05. Attorney's fees and costs shall be allocated by
agreement in mediation or by the arbitrator in arbitration.

14. Notices. Any notice provided for in this Agreement must be in writing and
must be either personally delivered, or mailed by certified mail (postage
prepaid and return receipt requested), or sent by reputable overnight courier
service, to the recipient at the address below indicated:

To Employee:   Matt Soto
23091 Cecelia
Mission Viejo, CA 92691
Telephone No. (949) 951-7177
To Employer:
 
Monument Mortgage, Inc.
2527 Camino Ramon, Suite 200
San Ramon, CA 94583
Attention: L. Daniel Rawitch
Telephone No. (925) 242-5874

,or such other address or to the attention of such other person as the recipient
party shall have specified by prior written notice to the sending party. Any
notice under this Agreement will be deemed to have been given when so delivered
or if mailed, five (5) days after deposit in a U.S. Postal facility.

15. Entire Agreement: Amendments and Waivers. This Agreement contains the sole,
complete, final, exclusive and entire agreement between the parties pertaining
to the employment of Employee by Employer and supersedes all prior agreements,
understandings, negotiations and discussions, whether oral or written, of the
parties. No amendment, supplement, modification, rescission or waiver of this
Agreement shall be binding unless executed in writing by the parties. No waiver
of any of the

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provisions of this Agreement shall be deemed or shall constitute a continuing
waiver unless otherwise expressly provided. The parties expressly acknowledge
that they have not relied upon any prior agreements, understandings,
negotiations or discussions, whether oral or written.

16. Choice of Law. The rights and duties of the parties will be governed by the
law of the State of California, excluding any choice-of-law rules that would
require the application of laws of any other jurisdiction.

    IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly
executed as of the day and year first above written.

    Employer       Employee
By:
 

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By:
 

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    L. Daniel Rawitch       Matt Soto     Chief Executive Officer        

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ADDENDUM A
TO
EMPLOYMENT AND COMPENSATION AGREEMENT
MATT SOTO

    This Addendum by and between Employer and Employee, shall serve to
supplement the Employment and Compensation Agreement, entered into concurrently
on the 28th day of September, 2001.

1. Salary. Employee shall receive a Base Salary of $180,000.00 per annum. Salary
increases shall be subject to annual performance reviews.

2. Bonus. In addition to Base Salary, Employee shall be eligible to receive a
monthly incentive bonus equal to two percent (2%) of the Net Profits of
Monument's Wholesale Division, payable in accordance with Employer's standard
payroll practices. Net Profits shall be calculated as follows:

    a.  [Insert specifics re calculation or definition of Net Profits of
Monument's Wholesale Division]

    b.  Regardless of Employer's Net Profits, Employee shall be guaranteed a
minimum monthly bonus in the amount of $5,000.00 during the first six (6) months
of employment.

3. Equity Incentives. Employee shall be granted options to purchase 300,000
shares of FiNet common stock at $.91 per share, 100% of the closing price of
FiNet's common stock on October 9, 2001. 75,000 shares shall vest on October 9,
2001, the remaining 225,000 shares shall vest quarterly over the next three
years, conditioned upon Employee's continued employment by Employer ("Vested
Options"). In connection with a Change of Control as set forth in
Paragraph 10(d) above, all of the Employee's Options, granted in accordance with
this paragraph, shall vest on a prorated basis from the date of grant. All of
Employee's vested Options must be exercised within 90 days of the date of
termination. The terms and conditions of the Options shall remain subject to and
interpreted in conformity with the FiNet.com, Inc.1998 Stock Option Plan, as may
be amended from time to time.

4.  Travel and Living Allowance.

    a.  Employee shall be entitled to receive reimbursement for actual and
reasonable expenses for travel to and from his home in Southern California to
Employer's corporate offices in San Ramon, California, as well as,
transportation and living expenses while in the Bay Area in an amount not to
exceed $1500.00 per month.

    b.  Employee shall be entitled to secure temporary living quarters while
employed by Employer in the Bay Area, the actual cost of which shall be borne by
Employer subject to approval in advance by Employer.

    c.  All travel and living expenses shall be payable monthly in accordance
with Employer's normal payroll practices.

Agreed to:

Dated: September 28, 2001

Employer   Employee
By:
 

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By:
 

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    L. Daniel Rawitch       Matt Soto     Chief Executive Officer        

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EMPLOYMENT AND COMPENSATION AGREEMENT
ADDENDUM A TO EMPLOYMENT AND COMPENSATION AGREEMENT MATT SOTO