Zillow Launches Mortgage Marketplace App

Zillow Launches Mortgage Marketplace App
SEATTLE, WA - Zillow, the leader in mobile real estate, today launched the Zillow Mortgage Marketplace iPhone App, bringing the innovative loan shopping experience of Zillow Mortgage Marketplace to mobile. The Zillow Mortgage Marketplace App for iPhone combines personalized loan quotes with advanced calculators and tools to help borrowers understand how much home they can afford, what their monthly payments would be, and whether refinancing their current home makes financial sense.

Now, whether home shoppers are standing in the living room of their dream home for sale, or getting ready to make an offer, the Zillow Mortgage Marketplace App allows them to receive instant, personalized loan quotes from lenders, as well as gauge home affordability and monthly payments on the spot.

The Zillow Mortgage Marketplace App allows borrowers to easily fill out a loan request by providing information about the home they want to buy or refinance, and their own financial situation. Borrowers do not enter any personally identifiable information, but just enough data for lenders to return custom quotes. Users receive an average of 25 loan quotes per request, and can compare rates and lenders side by side, including scanning more than 8,900(i) consumer-submitted lender reviews. With one touch of a finger, the borrower can then immediately connect with lenders of their choice and begin the process of securing a home loan, right from their iPhone.

The Zillow Mortgage Marketplace iPhone App design streamlines the user experience for mobile and uses its Web-based counterpart Zillow Mortgage Marketplace to provide a transparent lending marketplace where borrowers can connect with reputable lenders to find personalized loan options and get a variety of competitive mortgage rates.

"This addition to Zillow's already robust suite of real estate mobile apps gives consumers valuable personalized mortgage information when they most need it – out shopping for homes," said Zillow CEO Spencer Rascoff. "Our commitment to providing people with the best tools and data for real estate is especially important on location, and now there's a Zillow app for every stage of the home buying process."

Zillow operates the most popular platform of mobile real estate apps across iPhone, iPad®, Android™ and BlackBerry®, and now empowers consumers with access to real-time mortgage information on-the-go with the Zillow Mortgage Marketplace iPhone App. In May 2011, Zillow was used on a mobile device more than 8.8 million times, with 1.8 million homes viewed on mobile devices every day, or 21 homes per second. The Zillow Mortgage Marketplace iPhone App is available today.

Zillow is a real estate information marketplace providing vital information about homes, real estate listings and mortgages through its website and mobile applications, enabling homeowners, buyers, sellers and renters to connect with real estate and mortgage professionals best suited to meet their needs. Zillow, Inc. operates Zillow.com®, Zillow Mortgage Marketplace and Zillow Mobile. With 22 million unique users of its website and mobile applications during May 2011, Zillow's goal is to help people make intelligent decisions about homes in every stage of their lives - home buying, selling, renting, remodeling and financing. The company is headquartered in Seattle.
Source: Zillow.com

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