Bekins Signs Strategic Agreement With HomeSide As Exclusive Mortgage Provider.Business Editors HILLSIDE, Ill.--(BUSINESS WIRE)--Dec. 12, 2000 Leading Transportation/Distribution Company to Expand Services with HomeSide's Online Lending Solution The Bekins Company, one of the world's largest single-source relocation, transportation, distribution and logistics companies, today announced a strategic partnership with HomeSide Lending, Inc., one of the nation's top mortgage originators and servicers, to provide Bekins customers with a streamlined online loan application that dramatically reduces approval time and documentation. HomeSide will serve as the exclusive mortgage provider for Bekins. Through HomeSide's proprietary mortgage platform, which is powered by Fannie Mae's underwriting technology, Bekins customers will be able to obtain information on a variety of mortgage products and services, as well as apply for a loan online. One of the strongest advantages the HomeSide solution offers is the ability to provide customers a loan approval decision in as little as 10 minutes before paying an application fee. "Our strategic partnership with HomeSide is an exciting new way to integrate our existing services with the home-financing solutions our customers need as they prepare to move," said Scott Ogden, president, HHG HHG Household Goods HHG Holy Hand Grenade HHG Hitchhikers Guide to the Galaxy (Douglas Adams) HHG High Harmonic Generation (laser frequency conversion) HHG Hypergonadotropic Hypogonadism HHG H. H. Division of Bekins Van Lines, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . "This new lending solution demonstrates our ongoing commitment to provide our customers with innovative advantages, such as real-time information, accessibility and service through the Internet." HomeSide's online mortgage features several benefits that will save consumers time and money over traditional and other lending solutions: - Secure, online loan approval in as little as 10 minutes - Requires 50% less information than a traditional loan application - Customized pricing for a wide array of loan products - Loan approvals provided before or after the applicant selects a home to purchase - The ability for consumers to select their own closing date - Availability of HomeSide Loan Specialists by phone to answer questions "We are extremely pleased to develop a strategic alliance with Bekins--a company that shares our commitment to providing customers with fast, easy-to-navigate Web applications," said Kevin D. Race, HomeSide's president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . "We look forward to helping Bekins expand into the online home-financing market, which effectively complements their core products and services." About The Bekins Company Founded in 1891, Bekins Van Lines is the oldest, and one of the largest, van line companies in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Bekins Van Lines consists of over 370 agents who provide quality, household goods relocation services, both domestically (and internationally through Matrix International Logistics, a Bekins Company operating unit operating unit A type of operating company that engages in transactions with outsiders and that is owned by another business. For example, in 1995 the stockholders of Capital Cities/ABC approved a $19 billion merger with the Walt Disney Company, whereupon .) A quality service organization, Bekins is the only major van line to be registered to ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9002 standards in all business product lines. Other Bekins Company operating units, besides Bekins Van Lines, include Bekins Worldwide Solutions, Bekins Trade Show Services and HomeDirectUSA. For more information, visit their website at www.bekins.com. About HomeSide Lending, Inc. HomeSide Lending, Inc., a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of National Australia Bank The National Australia Bank or NAB (ASX: NAB, LSE: NAB, NYSE: NAB, TYO: 8637 ) is part of the NAB Group. It is the largest bank in Australia by assets, and 28th largest in the world. (ASX ASX See: Australian Stock Exchange :NAB), is one of the world's largest full-service residential mortgage companies. Headquartered in Jacksonville, Florida, HomeSide has a servicing portfolio of approximately $173 billion, representing 1.9 million homeowners. Additional information about HomeSide is available at http://esolutions.homeside.com. HomeSide Lending is an Equal Housing Lender The terms Equal Housing Lender and Equal Opportunity Lender are synonymous and refer to all FDIC insured banks in the United States. Such banks are prohibited from discriminating on the basis of race, color, religion, national origin, sex, handicap, or familial status. . |
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