30-Second Loan Approval Makes Online Borrowing a Snap; DFS Mortgage Services Offers Innovative Remodeling Site

Business Wire, Dec 21, 1999

Business & Lifestyle Editors/Multimedia Writers

VAN NUYS, Calif.--(BUSINESS WIRE)--Dec. 21, 1999

DFS Mortgage Services (DFS) today announced the debut of an online 30-second home- improvement loan process on its one-stop home-improvement finance Web site, www.RemodelingCash.com.

"We use a powerful automated underwriting system to approve home- improvement loan applications so quickly," said Steve Bernal, chief executive officer of DFS Mortgage Services. "This is just the latest owner-friendly resource we've developed to assist consumers who are interested in remodeling and want to get off on the right foot."

Blink-of-an-eye loan approval is just one of the helpful tools and services offered by DFS at the RemodelingCash.com Web site. "After funding a loan, the two most crucial steps in a successful remodel are being certain you're hiring a reputable contractor and that you get a fair contract," continued Bernal.

DFS provides an independent contractor reference check and a contract advocacy review free of charge on request for its customers. "We want to be sure our clients have the best possible consumer protections," Bernal stated.

RemodelingCash.com offers educational remodeling information, helpful tips and the largest selection of home-improvement loans on the Internet. All RemodelingCash.com loan customers are offered a free remodeling book with suggestions on hiring a contractor, scams to avoid and links to other remodeling sites -- a $39.95 value.

"We've always been a very personalized and customer-oriented company," Bernal said, "which is the philosophy we're carrying forward into all of our Internet activities."

According to Bernal, many people think their past credit problems or lack of home equity will disqualify them for a home-improvement or debt-consolidation loan. In reality, many do or can qualify.

"Our commitment to faster loan approval saves customers valuable time in their hectic lives," Bernal noted. "We're using our powerful new Internet tools to assist, protect and educate our customers. RemodelingCash.com is the shortest distance to a genuinely helpful lender."

DFS is a mortgage-banking firm with headquarters in Van Nuys. The company has been providing home-improvement financing to homeowners since 1982.

DFS is a member of the Home Improvement Lenders Association, the League of California Homeowners and the Better Business Bureau, and is an approved FHA lender by the Department of Housing and Urban Development.