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Mortgage Grader Receives U.S. Patent; Transparency and Choice for Consumers


Wednesday, June 04, 2008

Laguna Niguel, CA -- Today, Mortgage Grader announces the United States Patent and Trade Office granted patent number 7,366,694 to Mortgage Grader. The patent describes various features of Mortgage Grader's current and upcoming shopping service available at www.mortgagegrader.com.

Mortgage Grader plans to provide anonymous, online loan approvals, guaranteed interest rates and settlement costs, delivered in seconds to all of America. Creating comparable, simple-to-understand, transparent mortgage market offerings insures price competition. Mortgage Grader's goal is to expose and provide fairness in the mortgage process to the consumers' advantage, saving American buyers and refinancers billions of dollars every year on interest rates and closing costs.

Mortgage Grader's innovation will provide consumer privacy, information transparency and objective credit grading, resulting in fairness for all. This is a watershed moment for America's communities who have been victimized by wolves dressed in lambs clothing, grossly overcharging for the true cost of credit and settlement costs. There will soon be a truly safe marketplace, void of discriminatory and predatory lending practices.

"All borrowers, regardless of education or prior experience, will have direct access to mortgages, just like online travel, ending their dependence on commission driven mortgage brokers and bank loan officers," said Jeff Lazerson, President of Mortgage Grader. "Mortgage Grader offers fair-minded lenders a responsible lending channel to increase their customer count," added Mr. Lazerson.

About Mortgage Grader

Mortgage Grader is an anonymous online shopping and loan qualifying platform that may revolutionize the mortgage marketplace. Our future version of Mortgage Grader will store a huge library of real-time lender guidelines and pricing that will be mathematically sorted, offering point-of-application anonymous loan approvals, interest rate and closing cost guarantees.

Fair Closing Costs www.fairclosingcosts.com is a division of Mortgage Grader, anonymously allowing borrowers to shop and compare real estate settlement costs.

Mortgage Grader, Inc. is a Delaware Corporation, licensed as a mortgage broker in CA, FL, ID and NY, headquartered in Laguna Niguel, CA.



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