(Thomson Reuters ONE via COMTEX) --One-stop convenience and customized consultation with onsite loan officers in all ZipRealty markets
EMERYVILLE, Calif. - August 30, 2012 - ZipRealty, (http://www.ziprealty.com; NASDAQ: ZIPR), a leading national real estate brokerage and provider of proprietary technology and comprehensive online marketing tools for the residential real estate brokerage industry, announced today that it has formed a strategic alliance with New American Mortgage (http://www.newamerican.com), a mortgage bank based in Charlotte, North Carolina with over 100 offices nationwide. New American Mortgage loan officers will be in all ZipRealty company-owned offices in 20 markets nationwide, and will be readily available onsite to give mortgage counsel, education and directly service the home financing needs of ZipRealty home buyers.
"When a real estate agent and mortgage professional work hand-in-hand throughout the transaction, the consumer wins," said Lanny Baker, CEO of ZipRealty. "New American Mortgage has an agent-centric model and is focused on creating a strong and trusted relationship with the real estate agent first. This side-by-side connection and New American's commitment to industry-leading loan approval turn times will greatly benefit ZipRealty buyers."
New American Mortgage is a full-service mortgage banker that specializes in partnering with real estate brokerages, and is one of the fastest-growing mortgage companies in the United States with annual fundings of $2 billion. The company funds its own loans, and is dedicated to having the fastest loan processing time in the industry, processing and approving most loans in less than seven business days, versus the industry average of 30 days or more. In addition to offering all traditional mortgage loan products, New American Mortgage is also one of the foremost experts on the FHA 203K rehab loan that can be used for the purchase and rehabilitation of the many foreclosed and bank-owned properties around the United States.
"We're pleased to be able to offer potential homebuyers a one-stop shop for information and home financing services through our partnership with ZipRealty," said Casey Crawford, CEO and co-founder of New American Mortgage. "Having loan officers from New American Mortgage onsite in ZipRealty's offices offers consumers easy access to information, greater convenience and more choice, which ultimately equates to satisfied home buyers."
To learn more about ZipRealty, please visit http://www.ziprealty.com.
About ZipRealty, Inc.
ZipRealty is a leading national real estate brokerage and provider of proprietary technology and comprehensive online marketing tools for the residential real estate brokerage industry. For home buyers and sellers who increasingly want control, choice and a seamless, customized service, ZipRealty offers Internet-enabled, state-of-the-art technology and complete access to accurate, timely information via their website and mobile applications, which real estate professionals can combine with their own local knowledge and personal expertise to offer an exceptional start-to-finish client experience. For real estate professionals who seek more productive ways to conduct business, ZipRealty provides technology and online marketing tools to enhance their online sales channel, including lead generation, conversion and service of their clients. ZipRealty's technology and online marketing products serve its full-service, owned-and-operated residential real estate brokerage business in 20 markets nationwide, as well as its Powered by Zip network of leading third-party local brokerages in eight markets.
About New American Mortgage
New American Mortgage is rapidly growing by focusing on building a company that is fashioned in every way to serve the Realtor® community of the major metropolitan markets across the United States. With a strategy of delivery to our Realtor® partners and their clients remarkable customer service, reliable professional advice and referral driven, sphere of influence marketing, New American Mortgage plans to grow to be the premiere privately held mortgage bank in the United States.
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Media Contacts:
Ginny Cain
Mercury Global Partners for ZipRealty
Tel. +1 925 426 0646
ginny@mercuryglobalpartners.com
twitter: @ginnycain
Mindy M. Hull
Mercury Global Partners for ZipRealty
Tel. +1 415 889 9977
mindy@mercuryglobalpartners.com
twitter: @mmhull or @MercuryGlobal
Aimee Dodson
New American Mortgage
Tel. +1 704 297 4029
aimee.dodson@newamerican.com
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Source: ZipRealty via Thomson Reuters ONE
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