Mortgage Rate Search Simplified with New Loanly App for iOS and Android

Online, August 2, 2014 (Newswire.com) - Shopping for the best mortgage rate just got easier! Loanly.com is pleased to announce the release of its Loanly App that offers real-time rate quotes and chats between prospective borrowers and loan officers. Supporting borrowers in California, Florida, Maryland, Texas and Virginia with its initial launch, the Loanly app help borrowers search mortgage rates for various loan terms.

“Whether its purchase, refinance or cash-out on a fixed or ARM term, our new mobile app makes the mortgage rate search process simpler and easier,” said Alex Chen, president of Loanly.com. “Our patent-pending web and mobile app allows borrowers to compare rates and closing costs, chat with loan agents, and set up rate alerts, all at the convenience of their fingertips.”

“You can set up rate alerts in the app so that you will be notified of rate changes automatically.” said Alex Chen.

Even though there are other online mortgage rate providers available, what makes Loanly truly unique is its real-time chat with loan agents. Instant chat is made available with loan officers of your choice through proprietary Loanly ChatTM in the mobile app. “Loanly Chat makes it easy for you to get your questions answered quickly without revealing your personal information.” said the company.

Loan officers can use the Loanly Pro version. Free to join, loan officers will need to provide their NMLS #, company and contact details, as well as lender information, before their quotes can be seen by prospective borrower users of the app.

When asked about the idea behind the app, Alex Chen said “Loanly was born out of the frustration over time-consuming quoting activities a loan officer had to sustain, and inconvenience borrowers experienced in order to get a clear picture as to what rate they may get. Our mission was to provide an easy-to-use yet robust platform for all parties involved in a mortgage transaction to connect efficiently using the latest web and mobile technologies.”

The team at Loanly is comprised of individuals with a unique background in web & mobile software engineering, mortgage origination, and technology product development.

Available for download on the iTunes Store and Google Play Store, Loanly App is free to download and currently serves CA, FL, MD, TX and VA. Loanly plans to expand its network to include the rest of states in the U.S. Users may sign up to be notified of future updates.

To learn more about the Loanly mortgage rate app, please visit http://www.loanly.com for details, or search for keyword “loanly” in iTune or Google Play stores.