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ZipRealty: ZipRealty Teams With Bank of America to Improve Online Home Buying Experience


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Published in Business and Finance on Wednesday, July 22nd 2009 at 5:34 GMT, Last Modified on 2009-07-22 05:34:20 by Market Wire   Print publication without navigation


EMERYVILLE, CA--(Marketwire - July 22, 2009) - Today ZipRealty (NASDAQ: [ ZIPR ]) ([ www.ZipRealty.com ]), the nation's ninth largest real estate brokerage, announced a new mortgage feature, provided by Bank of America Home Loans, that will help streamline the home buying process for today's busy home shopper.

The ZipRealty-Bank of America Home Loans alliance allows ZipRealty users to access current mortgage rates and financial calculators while shopping for their home online. By September, home buyers using ZipRealty will be able to research which types of loans best fit their needs, and get pre-approved or apply for a mortgage online. In addition to providing online tools, Bank of America Home Loans has committed to provide excellent customer service to ZipRealty clients.

"Bank of America Home Loans was a natural fit for ZipRealty, as we are both committed to delivering customers the best information and service experience," said Patrick Lashinsky, ZipRealty president and CEO. "We take our 96 percent customer satisfaction rating very seriously, and are happy to align with other companies who focus on customer service."

The Mortgage Center, provided by Bank of America Home Loans, is the latest website feature this year from ZipRealty, the most trafficked real estate brokerage website. Earlier this year, the Company added such features as customer generated agent-ratings, neighborhood mapping and free-form search features.

"We look forward to working with ZipRealty, which shares our strong commitment to customer service," said Blair Allan, national strategic business alliances executive for Bank of America Home Loans. "Our strategic business alliances help real estate professionals build their businesses, while helping their customers realize their homeownership goals."

About ZipRealty

ZipRealty is a full-service residential real estate brokerage firm and operator of a leading residential real estate website. The Company utilizes its user-friendly website and employee real estate agents to provide home-buyers and sellers with high-quality service and value. ZipRealty's website provides users with access to comprehensive local Multiple Listing Services home listings data, as well as other relevant market and neighborhood information. The Company's proprietary business management system and technology platform help to improve productivity and reduce costs, allowing the Company to pass on significant savings to consumers as permitted by law. Founded in 1999, the Company operates in 36 major markets in 22 states and the District of Columbia. For more information on ZipRealty, visit [ www.ziprealty.com ] or call 1-800-CALL-ZIP.

About Bank of America

Bank of America is one of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 53 million consumer and small business relationships with more than 6,100 retail banking offices, nearly 18,500 ATMs and award-winning online banking with 29 million active users. Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to more than 4 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients in more than 150 countries. Bank of America Corporation stock (NYSE: [ BAC ]) is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange.


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