Agreement brings together popular online real estate site and leading online lender to create an invaluable home-buying resource
Livonia, Mich. – Feb. 13, 2002 – Quicken Loans Inc., a leading online mortgage lender, today announced an agreement with Yahoo! Inc. (NASDAQ: YHOO) to offer online mortgage services and content on Yahoo! Real Estate (http://realestate.yahoo.com). These features already have been launched on the Yahoo! Real Estate site.
Yahoo! Real Estate is a comprehensive site that brings information and services together on a wide variety of home-related topics, offering consumers fast and easy tools to buy, sell or improve a home. Under the terms of the agreement, Quicken Loans?, the mortgage lending subsidiary of Intuit Inc. (NASDAQ: INTU), will integrate Quicken Loans’ educational content and mortgage tools into Yahoo! Real Estate. This agreement offers Yahoo! Real Estate consumers access to Quicken Loan’s innovative home loan options and powerful tools, including various calculators and content to help educate people on the home buying and mortgage process. For example, Quicken Loans’ Mortgage Payment calculator is built in to each individual property listing, enabling customers to quickly estimate the monthly payments for that particular home.
“Quicken Loans has taken the headache out of getting a mortgage,” said Dan Gilbert, Quicken Loans Chairman. “Our customers tell us they want to be empowered to make good financial decisions, so we’ve developed materials to help them understand the mortgage process and feel more confident in their decisions. Yahoo! Real Estate consumers will now be able to use these materials and the services of nearly 1,000 Quicken Loans mortgage experts who have made the mortgage process almost as simple as applying for a credit card.”
“We are pleased to work with Quicken Loans to provide Yahoo! Real Estate consumers the resources they need to learn more about the home buying process and to quickly and easily apply for home loans online,” said Elizabeth Blair, senior vice president of Yahoo’s Listings division. “We continue to improve our offerings on Yahoo! Real Estate to ensure it’s an invaluable resource for people making the largest buying decision in their lives.”
# # #