CAMPBELL, Calif. Jan. 19, 2011
Nearly 100,000 consumers visited MortgageMatch.com in its first month, and nearly 1,000 potential homebuyers pre-qualified in real time—in a matter of minutes—using MortgageMatch.com’s fast prequalification feature, PreQual Plus.
Developed and operated by Move, Inc. (Nasdaq: MOVE), the leader in online real estate and operator of Realtor.com®, MortgageMatch.com also displays listings from Realtor.com based on what each borrower can afford.
MortgageMatch.com’s PreQual Plus system uses automated underwriting in a comfortable, secure online environment so borrowers can explore scenarios and move at their own pace. The automated underwriting process establishes an objective evaluation of a borrower’s credit score along with their capacity to afford monthly mortgage payments. The automated prequalification process includes a full credit history review and underwriting risk analysis with loan amounts, corresponding interest rates and loan programs choices. Borrowers prequalifying with PreQual Plus receive an electronic prequalification letter in minutes they can print or e-mail to their agent.
Christina Villanueva Ontario California
Patricia Gomez Downey, California
To find out more about your borrowing power to purchase a home, visit MortgageMatch.com.
ABOUT MOVE, INC.
This press release may contain forward-looking statements, including information about management’s view of Move’s future expectations, plans and prospects, within the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks, uncertainties and other factors which may cause the results of Move, its subsidiaries, divisions and concepts to be materially different than those expressed or implied in such statements. These risk factors and others are included from time to time in documents Move files with the Securities and Exchange Commission, including but not limited to, its Form 10-Ks, Form 10-Qs and Form 8-Ks. Other unknown or unpredictable factors also could have material adverse effects on Move’s future results. The forward-looking statements included in this press release are made only as of the date hereof. Move cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, Move expressly disclaims any intent or obligation to update any forward-looking statements to reflect subsequent events or circumstances.
SOURCE Move, Inc.