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| Intuit and BUYandHOLD.comSM Announce Strategic Marketing Agreement to Provide Home Loan Services To Long-term Investors |
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| New Alliance Offers BUYandHOLD.com Users Direct Access To Leading Home Mortgage Web Site |
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MOUNTAIN VIEW, Calif. -
January
25,
2000 -
Intuit Inc. (NASDAQ: INTU) and BUYandHOLD.com, Inc. today announced a strategic marketing agreement that will provide customers and visitors of BUYandHOLD.com Securities Corporation with full service mortgage solutions at www.buyandhold.com.
Intuit's newly acquired subsidiary, Quicken Loans Inc. will create a co-branded site for BUYandHOLD.com, giving BUYandHOLD.com users easy access to a broad range of home mortgage programs offered through the company's innovative Web site, QuickenLoans.com.
"Home mortgages are a very important part of financial planning," said Daniel Gilbert, CEO of Quicken Loans. "By teaming with BUYandHOLD.com, QuickenLoans.com can provide a tremendous value-added service to BUYandHOLD.com users. In one secure online location, people can shop and apply for a home mortgage while learning the value of long-term investing in a comfortable and enjoyable environment."
"Choosing stocks is not the only financial decision facing BUYandHOLD.com our users," said Geoffrey M. Tudisco, Executive Vice President and co-founder of BUYandHOLD.com, Inc. "Buying a home is expensive, and finding the best mortgage solution is far from easy. Through our new relationship with Quicken Loans, we can now offer BUYandHOLD.com users an easy-to-use, online service to compare mortgage products and rates, and apply for a mortgage directly online."
An award-winning Web site, QuickenLoans.com allows consumers to obtain a pre-approval letter, run a credit report, lock-in rates, choose from a variety of loan options they qualify for, and submit and track a mortgage application online-- all the way until the loan closes. In addition, the Quicken Loans Web/Call Center is staffed with a team of experienced loan professionals who can answer questions and facilitate the entire process.
"We're pleased to work with BUYandHOLD.com in our ongoing efforts to dramatically change how people manage their financial lives," added Gilbert.
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About Quicken Loans
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Quicken Loans (previously known as Rock Financial Corporation, owner and operator of RockLoans.com), a leading provider of direct-to-consumer home loans on the Internet, offers mortgages in all 50 states and the District of Columbia. The company provides a wide variety of home financing options including conventional, sub-prime, home equity, government, and jumbo loans and originated nearly $3.5 billion in mortgage loans over the past 12 months.
Quicken Loans combines cutting-edge technology and high touch personal service to give consumers a convenient one-stop home and mortgage shopping experience on the Internet. More than 400 experienced loan professionals located in the Quicken Loans state-of-the-art Web/Call Center work directly with consumers throughout the entire process, while the Web site educates and empowers consumers through timely interactive tools and information related to the home financing process. Intuit Inc. acquired Rock Financial (and RockLoans.com) in December 1999.
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About Intuit Inc.
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Intuit Inc. (NASDAQ: INTU) is the leader in e-finance, including financial software and Web-based services. Intuit develops and markets Quicken®, the leading personal finance software; TurboTax®, the best-selling tax preparation software; and QuickBooks®, the most popular small business accounting software. Intuit's Quicken.com® Web site (www.Quicken.com) is a leading financial Web site, offering a comprehensive set of financial news, information and tools, including insurance, mortgage, investment and tax preparation services. Intuit's products and services enable individuals, small businesses and financial professionals to better manage their financial lives and businesses.
QuickenLoans.com is owned and operated by Intuit.
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About BUYandHOLD.com
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BUYandHOLD.com, Inc.SM is a financial services company focused on the needs of long-term investors. Through its subsidiary, BUYandHOLD.com Securities Corporation (www.buyandhold.com), it provides online brokerage services to investors who practice the "Buy and Hold" investment philosophy of purchasing and retaining securities to optimize return on investment over time.
Customers can quickly build a diversified portfolio from more than 1,200 companies grouped for easy selection through a shopping cart interface. They can invest a minimum of $20; reinvest dividends for free; implement dollar cost averaging strategies through its E-ZVestSM service; have access to expert third-party content and research and to an extensive library of educational information about investing. In addition, BUYandHOLD.com offers average purchase price tracking and twice-a-day executions.
BUYandHOLD.com Securities Corporation (Member NASD/SIPC) and its parent company, BUYandHOLD.com, Inc. are headquartered in New York, NY, at 110 and 120 Wall Street, respectively.
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Intuit, the Intuit logo, Quicken, QuickBooks, QuickBooks Pro, TurboTax, ProSeries, Pocket Quicken and InsureMarket, among others, are registered trademarks and/or registered service marks of Intuit Inc. or one of its subsidiaries. Quicken.com, QuickenStore, QuickenMortgage and WebTurboTax, among others, are trademarks and/or service marks of Intuit Inc. or one of its subsidiaries. Other parties' trademarks or service marks are the property of their respective owners and should be treated as such.
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