ATLANTA, GA, March 30, 2011 â€“ Atlanta-based Workforce Resource, LLC (WFR) (www.workforceresource.com) and Midwest Real Estate Data LLC (MRED) (www.mredllc.com) announced today that theÂ organizations have entered into a contract to integrate Down Payment Resourceâ„ Â (www.downpaymentresource.com) with MREDâ€™s listing data.
Down Payment Resource (DPR), offered by Workforce Resource, is the first product to aggregate downÂ payment assistance program information into one platform and integrate that information into multipleÂ listing servicesâ€™ (MLS) listing data. DPR connects eligible homebuyers and properties with governmentfunded programs for down payments, affordable mortgages, and rehab loans.
â€œMRED is very pleased to be able to provide our brokers and agents a tool that enables them to identifyÂ listings that qualify for down payment assistance programs and help buyers determine their potentialÂ eligibility for those programs,â€ said MREDâ€™s Chief Executive Officer, Russ Bergeron. â€œIn todayâ€™sÂ environment, prospective purchasers face new, stricter requirements to obtain a mortgage. DownÂ Payment Resource helps both potential buyers and the real estate professionals serving them. Â It is trulyÂ a winning proposition for everybody involved. This is just one more example of MREDâ€™s dedication toÂ offering its customers no cost applications that enable them to put people in homes they mightÂ otherwise not be able to afford.â€
The tool is easy to use. Â As real estate professionals and homebuyers search for properties on MREDâ€™sÂ site, those homes eligible for down payment assistance programs will be clearly marked with DPRâ€™s icon. Â Clicking on the icon allows the buyer to answer eight simple questions to see if they meet qualificationsÂ for available down payment assistance programs.Â
â€œA cornerstone of our value proposition is that everyone who uses this service wins,â€ says real estateÂ and lending industry veteran Rob Chrane, founder of WFR. â€œWhile homebuyers are the ultimateÂ beneficiaries, real estate agents and builders sell more homes; lenders make more loans; and housingÂ finance agencies meet their missions in a time of dwindling resources. Â Weâ€™re very pleased to partnerÂ with MREDâ€™s forward thinking leadership to provide their members with the tools to assist moreÂ homebuyers in finding affordable homes to purchase and live in for years to come" said Chrane.
Midwest Real Estate Data is a real estate data aggregator and distributor that provides the largestÂ multiple listing service (by listing volume) to over 40,000 customers, with property informationÂ encompassing northern Illinois, southern Wisconsin and northwest Indiana. (www.mredllc.com)
About Workforce Resource:
Founded in 2008, parent company Workforce ResourceÂ® is a web-based software company whoseÂ mission is to connect people with hard to find financial resources for better living. In 2010, the companyÂ launched â€œDown Payment Resourceâ€ as an extension of its offerings to turn potential home buyers intoÂ qualified buyers by connecting them to buyer assistance funding they may not have otherwise knownÂ existed. Â (www.workforce-resource.com)Â
For more assistance contact Evelyn Fred, Broker Associate, Jameson Sotheby's International Realty, 425 W. North Ave., 773-981-2005 or email@example.com.