Industry News

Upromise signs up real estate lenders

CitiMortgage, Chase, WaMu, Wachovia add college savings plan
Published on Jun 3, 2004

Upromise Inc., an online company that aims to help families save for college, today announced the launch of the Upromise Mortgage program with Awards for Mortgage & Real Estate. Through this new program, members now can earn 0.25 percent of their total home loan amount at closing in Upromise ScholarDollars when they finance, refinance or secure a Home Equity Line of Credit. Members can select from four of the nation's leading mortgage lenders: CitiMortgage, a member of Citigroup; Chase Home Finance (the mortgage division of JPMorgan Chase & Co.); Washington Mutual Inc.; and Wachovia Mortgage Corporation's Corporate Mortgage Services Division. Each Upromise ScholarDollar is equivalent to one U.S. dollar in a Upromise account. "With the help of the Upromise Mortgage program, one of the largest financial decisions a family can make can now contribute to perhaps the most important family investment – a college education for their children," said Michael Libenson, vice pres...

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