Zillow Makes Pre-Approval Available on Apps

Zillow Inc. has announced that home shoppers now have a mobile edge to securing the home of their dreams, with mortgage pre-approval now available on Zillow mortgage and real estate apps on iPhone, iPad and iPod touch. Mortgage pre-approval on Zillow Mobile allows home shoppers to secure pre-approval for a home loan, from start to finish, in minutes. Shoppers start by filling out a simple questionnaire. Once they receive initial quotes from lenders, the user can elect to have the lender pull their credit report information. If the home shopper meets guidelines, they will receive a mortgage pre-approval letter directly on their mobile device, which they can save, print, email or share with their agent and home sellers. "Home buying can be extremely competitive today due to inventory shortages. Having the ability to get a pre-approval letter instantly can make the difference between getting the home or losing it to a buyer who is better prepared," said Erin Lantz, vice president of mortgages for Zillow. "With this tool, we are able to streamline the pre-approval process from days to minutes. Securing pre-approval shows real estate agents that a buyer is serious, and it provides our users an enormous advantage when searching for a home."