Friday, August 8, 2014

Zillow Adds Mortgage Pre-Approvals On Mobile

Seattle-based Zillow said it has added the ability to get a mortgage pre-approval on its mobile app for iOS. According to Zillow, the new feature of the iPhone, iPad, and iPod touch app means that home shoppers can gain pre-approval for a home loan by filling out a simple questionnaire and gaining quotes from lenders, and also approving a credit report check of their information. Zillow said users will receive a pre-approval letter for a mortgage directly via their mobile device. Mortage pre-approvals are a regular part of the home buying process, and usually are used by home buyers to demonstrate they have the finances to back their home buying offer. Zillow had already offered up pre-approvals via its web interface.