BestRate.com Places 8,000 Mortgage Rate Quotes at Consumer's Fingertips.SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--Feb. 3, 1999-- With more than 300 companies registered, BestRate.com is one of Internet's largest live mortgage rate sites Myers Internet Services, Inc., a leading Internet presence provider to the mortgage industry, announced today one of its premier Web sites, BestRate.com, has registered three hundred companies and now boasts a database of over 8,000 rate quotes. This makes the site one of the largest, live mortgage rate databases on the Internet. Free to both consumers and lenders, BestRate.com is a state-of-the-art database that allows consumers to shop for mortgage rates nationwide on up to 14 different loan programs, and it enables lenders to post and easily update rates via a Web browser The program that serves as your front end to the Web on the Internet. In order to view a site, you type its address (URL) into the browser's Location field; for example, www.computerlanguage.com, and the home page of that site is downloaded to you. . The site also provides a wealth of information such as current market commentary, an automatic annual percentage rate (APR APR See: Annual Percentage Rate ) calculator calculator or calculating machine, device for performing numerical computations; it may be mechanical, electromechanical, or electronic. The electronic computer is also a calculator but performs other functions as well. , and general information about mortgages. Additionally, automatic links to auto loan rates, credit card rates and insurance quotes can be found on this site. "We are proud to provide consumers with more active mortgage companies and more rate quotes than any other mortgage site on the Internet," said Warren Myer, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Myers Internet Services. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Myer, traffic to the BestRate site has increased over 800 percent in the past six months, and it currently receives 4,000 unique visitors A count of how many different people access a Web site. For example, if a user leaves and comes back to the site five times during the measurement period, that person is counted as one unique visitor, but would count as five "user sessions. per day who spend an average of more than nine minutes on the site. BestRate.com was originally launched in April 1996. Initially, mortgage companies were reluctant to post rates on the Internet. Now, many companies have realized the benefits of posting their rates on the Web. In a survey conducted by Myers for Mortgage Banking magazine in January 1998, it was revealed that companies that posted their rates on the Internet did an average of 600 percent more business compared to those that did not. Sean Marsh, vice president of marketing for Access National Mortgage said, "We've been with BestRate from the beginning and in the last nine months we've seen a tripling of Web traffic to our site. In fact, I'd say Web traffic is ten times what it was two years ago." Mortgage companies can register to post rates online at the BestRate.com Web site. Account activation activation /ac·ti·va·tion/ (ak?ti-va´shun) 1. the act or process of rendering active. 2. the transformation of a proenzyme into an active enzyme by the action of a kinase or another enzyme. 3. takes only 24 hours. Future plans for the site include marketing BestRate through joint ventures with other financial and real estate related Web sites and online newspapers. Other plans include tailoring BestRate.com for local markets which will allow online newspapers to publish rates from the BestRate database of companies located in a specific region. Myers Internet Services, a leading Internet presence provider to the mortgage industry, offers on-line marketing solutions to mortgage bankers Mortgage Banker A company, individual or institution that originates, sells and services mortgage loans. Notes: Don't confuse a mortgage banker with a mortgage broker. , brokers and banks. Their premier Web sites Mortgage-Net (www.mortgage-net.com) and BestRate (www.bestrate.com) are two of the best-known mortgage related Web sites. For more information on directories or Web sites, contact Myers Internet Services at (408) 428-9960, email sales@myer.com, or write Myers Internet Services, 2033 Concourse Drive, Ste 100B, San Jose, CA 95131 |
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