Patent Granted for Online Shopping Portal

Mortgage Grader, Laguna Niguel, Calif., has received a patent for its online shopping and loan qualifying platform. The patent describes various features of Mortgage Grader's current and upcoming shopping service. The company said it plans to provide anonymous online loan approvals, guaranteed interest rates, and settlement costs. "All borrowers, regardless of education or prior experience, will have direct access to mortgages, just like online travel, ending their dependence on commission-driven mortgage brokers and bank loan officers," said Jeff Lazerson, president of Mortgage Grader. "Mortgage Grader offers fair-minded lenders a responsible lending channel to increase their customer count." The company can be found online at http://www.mortgagegrader.com.