Realtor.com® and Bankrate™ Launch Mobile Mortgage Application

News provided by

Jun 24, 2014, 09:00 ET

SAN JOSE, Calif., June 24, 2014 /PRNewswire/ -- Users of realtor.com^® are now one step closer to finding the perfect home at the right price with today's launch of a free mobile application from realtor.com^® and Bankrate™, Inc. Bankrate (RATE) is a leading publisher, aggregator and distributor of personal finance content on the Internet. Realtor.com^®, operated by Move, Inc. (NASDAQ: MOVE), is the leader in providing consumers the most accurate U.S. residential for-sale listings online*.

Realtor.com(R) mortgage application (PRNewsFoto/realtor.com)

The application provides an affordability tool and monthly payment calculator to help potential home buyers find their target price range. Users can then tap to view listings that match those calculations. The affordability estimate takes into account interest rates, personal mortgage insurance and works with local tax and insurance rates so potential home buyers know upfront approximately what they can spend on a home.

"Consumers want access to accurate information on the spot," said Move's chief executive officer, Steve Berkowitz. "Nearly 60 percent of the traffic on realtor.com^® now comes from consumers using mobile devices. This application reflects our efforts to optimize and develop technology based on putting the most important information at the consumer's fingertips. Today realtor.com^® and Bankrate launch a mobile application that combines comprehensive mortgage loan rate information with the most accurate listings in the industry."

"Housing inventory in many areas can move fast and consumers need the answers to their questions to be accurate and quick," said Bankrate.com's chief executive officer, Don Ross. "Working with realtor.com^® on this thorough mobile offering allows Bankrate to provide home buyers with access to all the essential information they need for a potential purchase while they're on the go," Mr. Ross added.

With the realtor.com^® mortgage application, you can:

See real time local, personalized mortgage rate loan options offered by different lenders.
Use custom sliders to control your mortgage calculator parameters, real or aspirational.
Compare mortgage rates with easy sorting of your personalized rates by lowest APR, interest rate, fees, or payment to find the options that are just right for you.
Tap to see listings on realtor.com^® of homes available in your price range or based on the calculated monthly payment.

The application is available on iPhone and Android devices.

* "Most accurate" claim(s) pertain to the accuracy of home listings and are based on comparison with other national listing portals, and on the greater frequency of listings updating on realtor.com®.

About Move, Inc. and realtor.com^®Move, Inc. (NASDAQ:MOVE), a leading provider of online real estate services, operates realtor.com^®, which connects people to the essential, accurate information needed to identify their perfect home and to the REALTORS^® whose expertise guides consumers through buying and selling. As the official website for the National Association of REALTORS^®, realtor.com^® empowers consumers to make smart home buying, selling and renting decisions by leveraging its direct, real-time connections with more than 800 multiple listing services (MLS) via all types of computers, tablets and smart telephones. Realtor.com^® is where home happens. Move's network of websites provides consumers a wealth of innovative tools and accurate information including Doorsteps^®, HomeInsight^SM, SocialBios^SM, Moving.com™, SeniorHousingNet^SM, homefair^SM and Relocation.com. Move supports real estate agents and brokerages by providing many services to grow their businesses, including ListHub™, the nation's leading listing syndicator and centralized intelligence platform for the real estate industry; TigerLead^®; Top Producer^® Systems; and FiveStreet^SM; as well as many free services. Move is based in the heart of the Silicon Valley — San Jose, CA.

REALTOR^® and REALTOR.COM^® are trademarks of the National Association of REALTORS^®and are used with its permission. These and all other trademarks used in this work are the property of their respective owners.

About Bankrate, Inc.
Bankrate (NYSE:RATE) is a leading publisher, aggregator, and distributor of personal finance content on the Internet. Bankrate provides consumers with proprietary, fully researched, comprehensive, independent and objective personal finance editorial content across multiple vertical categories including mortgages, deposits, insurance, credit cards, and other categories, such as retirement, automobile loans, and taxes. The Bankrate network includes Bankrate.com, our flagship website, and other owned and operated personal finance websites, including CreditCards.com, Interest.com, Bankaholic.com, Mortgage-calc.com, CreditCardGuide.com, InsuranceQuotes.com, CarInsuranceQuotes.com, InsureMe.com, and NetQuote.com. Bankrate aggregates rate information from over 4,800 institutions on more than 300 financial products. With coverage of nearly 600 local markets in all 50 U.S. states, Bankrate generates over 172,000 distinct rate tables capturing on average over three million pieces of information daily. Bankrate develops and provides web services to over 80 co-branded websites with online partners, including some of the most trusted and frequently visited personal finance sites on the Internet such as Yahoo!, CNN Money, CNBC, and Comcast. In addition, Bankrate licenses editorial content to over 500 newspapers on a daily basis including The Wall Street Journal, USA Today, The New York Times, The Los Angeles Times, and The Boston Globe.

Forward-Looking Statements
This news release may contain forward-looking statements, including information about management's view of Move's future expectations, plans and prospects, within the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of Move, its subsidiaries, divisions and concepts to be materially different from those expressed or implied in such statements. These risk factors and others are included from time to time in documents Move files with the Securities and Exchange Commission, including but not limited to, its Form 10-Ks, Form 10-Qs and Form 8-Ks. Other unknown or unpredictable factors also could have material adverse effects on Move's future results. The forward-looking statements included in this press release are made only as of the date hereof. Move cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, Move expressly disclaims any intent or obligation to update any forward-looking statements to reflect subsequent events or circumstances.

Media Contacts:

Move, Inc. – Lexie Puckett, (805) 557-3151, [email protected]

Bankrate - Kayleen Yates, (917) 368-8677, [email protected].

Photo - http://photos.prnewswire.com/prnh/20140624/120781

SOURCE realtor.com