June 07, 2004
SALT LAKE CITY, UTAH, California, June 7, 2004 - Myers Internet,
Inc., a leading provider of technology and marketing solutions to the
mortgage industry, announced today at the 2004 National Association of
Mortgage Brokers Convention, that it has released a new web site product
that enables mortgage originators to originate mortgages by marketing
to the For Sale By Owner Market (FSBO).
"Refinance volumes are decreasing as rates rise. Mortgage
originators are increasingly looking for new channels to originate mortgages."
said Warren Myer, CEO of Myers Internet, Inc. "Our FSBO web site
product enables mortgage originators to market home listings on the Internet.
Mortgage originators can easily upload pictures, add links to virtual
tours and provide detailed property descriptions on their web sites."
"Mortgage originators can offer several options to homeowners
who are looking to sell their own home. First, they can place these listings
and open house schedules on their web site and market them to prospective
homebuyers. Second, they can pre-qualify homebuyers who are looking to
buy the home. Third, they can originate a mortgage for the next home the
seller is looking to buy. Mortgage originators can generate as many as
20 to 50 leads per home listing. Finally, if the homeowner is unable to
sell their own home, mortgage originators can refer the homeowner to a
Realtor, thereby generating goodwill with Realtors as well."
"To further help mortgage originators, we also provide
an optional subscription service that provides a daily list of new FSBO
home listings on the market. Mortgage originators get the name, phone
number and address of new listings daily. Finding new FSBO listings can
be time consuming, as you have to scan newspapers, websites and magazines
to obtain a list of FSBO listings. Instead of spending time to find FSBO's
originators can get this list daily and spend time building relationships
and originating loans. "
"We have been offering our FSBO website product to select
originators for the past few months. Mortgage originators using this product
have been even able to find buyers for the homes that are listed on their
websites! Mortgage originators are continually pre-qualifying prospective
homebuyers. With a FSBO website they can now showcase homes that are listed
for sale by owners. If a prospective homebuyer is interested in one of
the homes that are listed for sale, they can contact the seller to see
the home."
Myers' FSBO website for mortgage originators is very affordable,
with a setup fee of $199 and a monthly fee of $39. The site can be setup
within a week. We also offer training for mortgage originators to help
them learn how to upload listings on their website. The monthly fee to
obtain a daily list of new FSBO listings is $39. For more information
about Myers' FSBO web site product please visit www.websuite.com
or call 800-693-7730.
Myers Internet, Inc. is the leading provider of technology to the mortgage
and real estate industries. Using Myers' Webwiz technology, an originator
can build a state-of-the-art customized Web site in minutes. Myers' OriginatorNetwork
enables originators to shop rates, process loans and connect to lenders
electronically - resulting in faster processing and reduced costs. Its
premier Web sites, OriginatorNetwork.com, Websuite.com, BestRate.com and
LoanApp.com are among the best-known mortgage-related sites. For more
information visit www.myers.com.
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