Myers releases Interest Only Rate Search
Originators can now automatically quote interest only
rates to consumers
visiting their web sites
San Jose, California, April 25, 2005 - Myers Internet, Inc., a
leading provider of technology and marketing solutions to the mortgage
industry, announced today that it has released Interest Only rate search
functionality on its Multi-Lender Platform (MLP) product.
Myers' MLP product provides customized rate quotes to consumers utilizing
a database of wholesale rates from the leading lenders in the country.
Originators can mark up wholesale rates by adding their fees and closing
costs. Consumers answer a few simple questions and are able to obtain
customized rates quotes in a few seconds.
"We are releasing this as a free upgrade to all our clients that
have our MLP product," said Lovina Worick, President of Myers Internet,
Inc. "Many of our leading clients are reporting an increasing number
of consumer inquiries regarding interest only products. Using the Myers'
MLP product, clients can now automatically provide customized quotes to
consumers -- which includes monthly payments, closing costs and APRs."
"We believe that we are the first company to offer Interest Only
rate search functionality on mortgage broker web sites." Ms. Worick
continued "Since 1995, we have been continually innovating our products
to serve mortgage originators."
"I want to add my thanks for investing in your site and continuing
to modify it as market conditions dictate," said Vince Kasperick,
CEO of Aimloan. "Far too many companies that have achieved your level
of success rest on their laurels, fat and happy, and refusing to spend
money to further improve themselves. I'm glad we have a partner that understands
the importance of continuing to invest and improve their system. We're
looking forward to growing together for many years!"
About Myers Internet, Inc.
Myers Internet, Inc. is the leading provider of website and backoffice technology
to the mortgage and real estate industries. Myers has been ranked as one
of the top 50 fastest growing companies for the past two years by the
San Jose Silicon Valley Business Journal. Using Myers' proprietary web
building technology, originators and real estate agents can build a state-of-the-art
customized web site in minutes. Myers' OriginatorNetwork enables originators
to customize their website, manage their leads, shop wholesale rates and
order settlement services - resulting in faster processing and reduced
costs. Myers' AgentCenter enables real estate agents to customize their
web sites, post listings and manage their leads. For more information,
visit www.myers.com.
CONTACT: Lovina Worick
Myers Internet, Inc.
lworick@myers.com
(408) 321-5444
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