Industry NewsTechnology

Move Inc. launches mortgage site

Partnership with lender also provides new tools on Realtor.com

Realtor.com operator Move Inc. has partnered with a correspondent lender to launch a new mortgage website targeted at first-time homebuyers, MortgageMatch.com, and also allow Realtor.com users to experiment with different financing options as they hunt for properties online.Like other sites and services that enable consumers to shop for mortgages online, MortgageMatch.com employs an automated pricing engine that allows consumers to see the loan products and rates offered by multiple lenders.But Move says its partnership with Houston-based correspondent lender Cornerstone Mortgage Co. means MortgageMatch.com users are one step closer to approval than they would be through other online prequalification programs.Move claims that because Cornerstone will actually fund loans offered on the site, that increases the likelihood that consumers will be able to obtain loans at the rates and terms they are initially quoted after entering information about their finances and the property they are i...

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