American Mortgage Listings Celebrates Successful Fourth Year on Web!BRISBANE, Calif.--(BUSINESS WIRE)--Oct. 21, 1998--The first Internet-based service of it's kind, American Mortgage Listings (AML AML - A Manufacturing Language ) has recently launched its 1998 version, just in time for its 4th anniversary on the World Wide Web. http://www.loanlist.com Created in November of 1994 by Michael Sherer and Elizabeth Scott Elizabeth Scott (November 23 1917 - December 20 1988) was an American mathematician specializing in statistics. Scott was born in Fort Sill, Oklahoma, her family moved to Berkeley, California when she was 4 years old. , both veterans of the real estate industry, AML offers borrowers seeking any type of real estate loan the ability to post the basic details of their loan requests on the searchable database Refers to databases on the Web that are searchable by typing in a query. The term is quite redundant because all databases are searchable. In fact, that is one of their major features. of the site. Lenders may search the listings by location, property type, and/or loan amount requested. Those who have interest in funding particular loan requests may contact those borrowers directly with their best loan quotes. With so many lenders able to fund mortgages in multiple states, even nationwide, often a borrower's optimum loan won't originate o·rig·i·nate v. 1. To bring into being; create. 2. To come into being; start. from their local bank, S&L or mortgage broker. Lenders save time and money by contacting only those borrowers whose loan requests they already know they have an interest in funding. "It's the best of both worlds for borrowers and lenders alike," says Ms. Scott. AML now sports a new sleek look and several new features, including a mortgage calculator Mortgage calculators are used to help a current or potential real estate owner determine how much they can afford to borrow to purchase a piece of real estate. Mortgage calculators can also be used to compare the costs or real interest rates between several different loans, determine the and a monthly cash giveaway. The site has been thoroughly redesigned with its customers in mind, maintaining a very simple user-interface. For the modest fee of $19.95, a borrower can post their mortgage needs on the site and instantly have that loan request available to virtually every online lender in the world. For this reason, the site functions equally well for obtaining home purchase, home improvement and debt consolidation loans, as it does for securing financing for construction and major projects located anywhere, worldwide. The site can be especially useful in procuring Procuring, in general, is the act of acquiring goods or services, usually by contract. It may refer to:
Future plans include offering lenders an affordable place to advertise their lending specialties on the site. Additionally, plans are in the works to include a Spanish-version of the site. On its fourth anniversary and beyond, American Mortgage Listings continues its quest to be the Mortgage Matchmaker Matchmaker - A language for specifying and automating the generation of multi-lingual interprocess communication interfaces. MIG is an implementation of a subset of Matchmaker. of the 21st Century(tm). |
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