SEATTLE, Aug. 7, 2014 /PRNewswire/ -- Zillow, Inc. (NASDAQ: Z), the leading real estate and home-related marketplace, today announced that home shoppers now have a mobile edge to securing the home of their dreams. Mortgage pre-approval is now available on Zillow mortgage and real estate apps on iPhone, iPad and iPod touch.
Mortgage pre-approval on Zillow Mobile allows home shoppers to secure pre-approval for a home loan, from start to finish, in minutes. Shoppers start by filling out a simple questionnaire. Once they receive initial quotes from lenders, the user can elect to have the lender pull their credit report information. If the home shopper meets guidelines, they will receive a mortgage pre-approval letter directly on their mobile device, which they can save, print, email or share with their agent and home sellers.
"Home buying can be extremely competitive today due to inventory shortages. Having the ability to get a pre-approval letter instantly can make the difference between getting the home or losing it to a buyer who is better prepared," said Erin Lantz, vice president of mortgages for Zillow. "With this tool, we are able to streamline the pre-approval process from days to minutes. Securing pre-approval shows real estate agents that a buyer is serious, and it provides our users an enormous advantage when searching for a home."
Zillow operates the most popular suite of real estate apps across all major platforms, with dedicated apps for home shopping at every stage: home buying, selling, renting, financing and remodeling. In July, 83 million unique users visited Zillow, Inc.'s mobile applications and websites, representing year-over-year growth of 49%. Nearly two-thirds of Zillow visits come from a mobile device; on weekends it tops more than 70 percent.
Visit Zillow.com/mobile for more information and to download the apps.
About Zillow, Inc.
Zillow, Inc. (NASDAQ: Z) operates the leading real estate and home-related information marketplaces on mobile and the Web, with a complementary portfolio of brands and products that help people find vital information about homes, and connect with the best local professionals. Zillow's brands serve the full lifecycle of owning and living in a home: buying, selling, renting, financing, remodeling and more. In addition, Zillow offers a suite of tools and services to help local real estate, mortgage, rental and home improvement professionals manage and market their businesses. Welcoming 83 million unique users in July 2014, the Zillow, Inc. portfolio includes Zillow.com®, Zillow Mobile, Zillow Mortgages, Zillow Rentals, Zillow Digs®, Postlets®, Diverse Solutions®, Agentfolio®, Mortech®, HotPads™, StreetEasy® and Retsly™. The company is headquartered in Seattle.
Zillow.com, Zillow, Postlets, Mortech, Diverse Solutions, StreetEasy, Agentfolio and Digs are registered trademarks of Zillow, Inc. HotPads and Retsly are a trademarks of Zillow, Inc.
Zillow.com, Zillow, Postlets, Mortech, Diverse Solutions, StreetEasy, Agentfolio, Digs and Make Me Move are registered trademarks of Zillow, Inc. HotPads is a trademark of Zillow, Inc.
Website - http://www.zillow.com
SOURCE Zillow, Inc.