Mortgage Grader Receives $100,000 Grant to Create National Web Tool Connecting Borrowers With Settlement Service

LAGUNA NIGUEL, CA, Apr 10 (MARKET WIRE) --
Today, Mortgage Grader announced the receipt of a $100,000 grant to create a
nationally scalable web-based information directory connecting homebuyers and
home
refinancers to America's real estate settlement services providers.
All-Ahead(www.allahead.org), in association with the newly forming Fair Mortgage
Collaborative, both supported by the Ford Foundation, provided the grant. Soon,
information empowerment will afford America's borrowers a way to directly
and anonymously price shop for 9 essential real estate settlement services
located
at the www.fairclosingcosts.com website.

"Mortgage Grader is honored and humbled to receive this generous support
that may
go a long way toward creating more affordable homeownership by easily
locating low-cost providers to facilitate the home buying and refinancing
process," said Mortgage Grader's President Jeff Lazerson. "Borrowers will be
empowered through this anonymous, free search engine to decide who they want
to consider without the time and hassle of fielding unsolicited sales calls," he
added.

"Borrowers deserve a system that works for them. Fair Closing Costs can
empower consumers to make smart choices about settlement providers,
openingup access to options that borrowers may find more suitable for their
budgetand needs," commented George McCarthy, Senior Program Officer at the Ford
Foundation.

About Mortgage Grader and Fair Closing Costs

Mortgage Grader, located at www.mortgagegrader.com wants to change America's
mortgage shopping process by empowering consumers to anonymously find their best
mortgage options through a patent-pending process. Fair Closing Costs, located
at www.fairclosingcosts.com is a d/b/a for and a division of Mortgage
Grader. In the near future, the Fair Closing Costs site will offer mortgage
shoppers information transparency and contact information for 9 categories of
settlement services on a national basis, consistent with the new Good Faith
Estimate that HUD recently proposed as part of its RESPA update.

Mortgage Grader, Inc. is a Delaware Corporation, licensed as a mortgage
broker in
CA, FL, ID and NY, headquartered in Laguna Niguel, CA.

For additional information please contact:
Jeff Lazerson
President
Phone (949)389-9333
Fax (949)389-9505
Email Email Contact
Or please check our website www.mortgagegrader.com

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