Upromise Launches Mortgage Program

Upromise Inc., Needham, Mass., has announced the launch of a program in conjunction with Awards for Mortgage & Real Estate under which members can earn 0.25% of their home loan amount at closing in Upromise ScholarDollars.To benefit from the program, members of Upromise, a privately funded service that helps families save for college, can pick from four major mortgage lenders: CitiMortgage, Chase Home Finance, Washington Mutual Inc., and Wachovia Mortgage Corp.'s corporate mortgage services division. To qualify, members submit a home loan application (for a purchase-money mortgage, a refinance, or a home equity line of credit) online or by telephone, the company said. After the loan closes, members automatically receive their college savings. Upromise and Awards for Mortgage & Real Estate can be found online at http://www.upromise.com and http://www.awardsformortgageandrealestate.com.