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Press Release: Announcing Mortgage Shopper Launch Mortgage Shopper™ online mortgage marketplacePress Release Dec 16th 2005 Mortgage Shopper™. For immediate release. Announcing the launch of Australia’s first online open mortgage marketplace. ‘Mr Mortgage’ launches Mortgage Shopper™ and everyone’s invited. For the last seven years Rick Adlam [Mr Mortgage] has been an online mortgage service provider on his web sites that include www.MrMortgage.com.au, www.LoanMate.com.au www.homemate.com.au and www.Aumex.com. As one of Australia’s first online mortgage specialists, Rick [Mr Mortgage] has witnessed a lot of changes. The two main changes being the proliferation of mortgage products from a diverse range of Mortgage lenders, and the growth of Mortgage Brokers as powerful channel in the home loan industry. As online mortgage lending continues to rise in popularity, the choice has grown to stage that many mortgage shoppers can find overwhelming. “There are simply so many choices out there,” says Rick, “and those offers are constantly changing, whilst new ones are being developed, especially in the non traditional lending areas, So there is no way that anyone not involved fulltime in the industry could possibly keep up with all these changes. In fact its getting difficult for even mortgage brokers to keep up and stay compliant”. Is it time to refinance your mortgage with Mr Mortgage? www.mrmortgage.com.au A New concept in choosing a home loan So Rick thought it would be a great public service to build a mortgage portal where mortgage shoppers could go to find out more about both traditional and nonconforming mortgage lenders, both big and small, and to couple this with a free mortgage broker directory where they could find information about their local mortgage broker. They could then select and deal with a community based Mortgage Broker to source and process their mortgage for them as a no cost service. Alternately they could simply have their community mortgage broker find the best loan for them and save themselves the time and hassle of trying to do the selection themselves. The Aim of Mortgage Shopper “Our aim” says Rick “is to raise the awareness and visibility of the community based mortgage broker so that they can build their own “Brand” within their own community and serve mortgage shoppers within that community as well as elsewhere. “ The simple to navigate website allows mortgage shoppers to select a loan type that interests them. Through the Mortgage Shopper™ "directory", the website will then put those visitors in contact with a "community mortgage specialist" that will work directly with them, tailoring a loan to their individualized needs. The Mortgage Shopper™ Value proposition By creating a free and open marketplace for the mortgage shopper to engage a greater variety of mortgage lenders in one location and easily find their community mortgage broker, Mortgage Shopper has developed a unique value proposition for all players in the Mortgage Arena. We’ve made it easy for mortgage shoppers and mortgage brokers to meet. An online pre mortgage application for instance takes less than a minute to complete, and gets a mortgage broker moving towards setting your loan sooner. This is a free, no cost service to the mortgage shopper. Free directory and webpage on Mortgage Shopper™ We have also made it easy for Mortgage lenders to deliver information to the mortgage broker about their new products, and will work with mortgage lenders towards this end through our newsletter service. Finally, we have made it easier for the mortgage broker to market their services online, through the mortgage Shopper website. Our business directory is free for all mortgage brokers, finance brokers and loan writers and this includes a free webpage for the mortgage broker to list their contact details, there accreditations and biography of experience and even upload a portrait of themselves. There is no exclusivity agreement, no obligation to buy anything. In addition to this can also build them web site as a sub-web of Mortgage Shopper™ with unlimited web pages, linking them to the marketplace. Or we can build a custom website from scratch for launching on the Word Wide Web. We make it easier for the local mortgage broker to be visible online. About Mortgage Shopper’s Mortgage Market: Mortgage Shopper is a privately held business headquartered on the Gold Coast, Queensland that has created an open mortgage marketplace nationwide for mortgage shoppers, mortgage lenders and mortgage brokers to interact. Mortgage Shopper provides a searchable free service for mortgage brokers to list their contact details and biography. Contact Information Mortgage Shopper™ “The open mortgage marketplace where everyone is welcome.”
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