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RISMedia, June 10, 2011—Zillow, a leader in mobile real estate, recently launched the Zillow Mortgage Marketplace iPhone App, bringing the innovative loan shopping experience of Zillow Mortgage Marketplace to mobile.

The Zillow Mortgage Marketplace App for iPhone combines personalized loan quotes with advanced calculators and tools to help borrowers understand how much home they can afford, what their monthly payments would be, and whether refinancing their current home makes financial sense.

Now, whether home shoppers are standing in the living room of their dream home for sale, or getting ready to make an offer, the Zillow Mortgage Marketplace App allows them to receive instant, personalized loan quotes from lenders, as well as gauge home affordability and monthly payments on the spot.

According to the company, the Zillow Mortgage Marketplace App allows borrowers to easily fill out a loan request by providing information about the home they want to buy or refinance, and their own financial situation. Borrowers do not enter any personally identifiable information, but just enough data for lenders to return custom quotes. Users receive an average of 25 loan quotes per request, and can compare rates and lenders side by side, including scanning more than 8,900(i) consumer-submitted lender reviews. With one touch of a finger, the borrower can then immediately connect with lenders of their choice and begin the process of securing a home loan, right from their iPhone.

The Zillow Mortgage Marketplace iPhone App design streamlines the user experience for mobile and uses its Web-based counterpart Zillow Mortgage Marketplace to provide a transparent lending marketplace where borrowers can connect with reputable lenders to find personalized loan options and get a variety of competitive mortgage rates.

“This addition to Zillow’s already robust suite of real estate mobile apps gives consumers valuable personalized mortgage information when they most need it—out shopping for homes,” says Zillow CEO Spencer Rascoff. “Our commitment to providing people with the best tools and data for real estate is especially important on location, and now there’s a Zillow app for every stage of the home buying process.”

For more information visit Zillow.com/iphone/mortgage/.

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