The patent pending MortgageChoice Plan is a no cost, voluntary benefit that assists employees who wish to purchase, sell, or finance homes. As the mortgage equivalent to a group medical plan, the Plan utilizes the purchasing power of the group to provide group discounts, Cash Rewards, a choice of providers, and premium services for Plan participants. The Cash Rewards program is a revolutionary promotion using a time-deferred mail in cash reward that allows consumers to receive up to $10,000 once a purchase has been made.
The MortgageChoice Plan offers members up to $10,000 in Cash Rewards when they obtain a mortgage through The Mortgage PPOTM network or they can choose to receive up to $1500 in The Home Depot ® Gift Card. Members also receive up to $20,000 in Cash Rewards when they purchase and sell and home through The Realty PPOTM network or they can choose to receive up to $10,000 in The Home Depot Gift Cards. Other benefits include a choice of prescreened Loan Agents and Realtors ®, a "Search for Homes" database, an online verification process to assist Plan members in receiving their benefits, a Live Agent ReferralTM service, pre-negotiated discounts on title insurance, escrow/closing fees, appraisal fees, loan products from over 100 lenders, ¼% rates discounts on Preferred Lender products, a Help Center open daily, the 911 Light ® emergency home identification system, and consumer protection with dispute resolution services.
"The bundling of Cash Rewards onto The MortgageChoice Plan platform gives MBC more options in how we can provide benefits to members," said Marsha Tiller, founder and president of MBC. "There are a number of states that prohibit cash rebates or gift card incentives and the Cash Rewards program is an excellent way for us to administer a national incentive program that provides significant benefits and complies with all state laws."
MBC sponsors and administers the Plan at no cost to qualifying corporations or Plan participants. Increasingly, companies are seeking ways to maximize the value of their employee benefit packages as health care costs soar. Providing additional voluntary benefits, gives employees more options and offsets the cost of the overall benefits package. The Plan is marketed to Fortune 2000 corporations and association members exclusively through benefits brokers and benefit consulting firms.
"The addition of Cash Rewards on The MortgageChoice Plan platform has enabled us to partner with the leading mortgage and realty benefits provider in the United States," said David Maloy, president of CRI. "This exclusive partnership will further strengthen MBC´s line of benefits and create amazing opportunities for corporations wanting to offer their employees something extra in a time of dwindling benefits."
About Cash Rewards, Inc.
The national headquarters of Cash Rewards, Inc., (CRI) is located in the vibrant Dallas/Fort Worth business and retail community. Under the direction of President and CEO David Maloy, and Chief Operating Office Jim Atkins, CRI serves an ever growing network of Cash Rewards partners who range from large, public companies to privately-owned firms and sales groups. The Cash Rewards program is currently offered for a large array of retailers and industries, and new applications for this amazingly successful program are being explored every day. For additional information visit www.cashrewardsinc.com
About Mortgage Benefits Corporation
Mortgage Benefits Corporation (MBC) pioneered the concept of Group Mortgage and Realty Benefit Plans with the introduction of the MortgageChoice PlanTM, a no-cost voluntary benefit that allows members to purchase, sell and finance homes through an employer group plan that offers a choice of credentialed Loan Agents and Realtors ®, loan products from more than 100 lenders, Cash RewardsTM on transactions, group discounted pricing, consumer protection, and one-stop shopping convenience. Plan Members have one click access to The Mortgage PPOTM and The Realty PPOTM, the first "members only" discounted brokerage platform of its kind. Founded in 2003, MBC is a privately held corporation headquartered in Redwood City, CA. For additional information visit www.mortgageplans.com or call 650-632-4692.
Contact:
Mark Marinovich
MBC Public Relations
(650) 632-4692
This press release was distributed through eMediawire by Human Resources Marketer (HR Marketer: www.HRmarketer.com) on behalf of the company listed above.
Press Contact: Mark Marinovich
Company Name: Mortgage Benefits Corp.
Email: mmarinovich[at]mortgageplans.com
Phone: 650-632-4692
Website: http://www.mortgageplans.com
More Information: http://www.prweb.com/releases/0/0/prweb302661.htm