Citi Announces Digital Marketing Alliance with Zillow
February 10 2015 - 7:30AM
Business Wire
Citi announced it has entered into a digital marketing alliance
with the online real estate marketplace Zillow®. The integrated
offering is dedicated to reaching home buyers and those in need of
mortgage financing, in priority cities for Citi’s U.S. consumer
business. Under the agreement, Citi has an increased presence on
Zillow, Zillow Mortgages and StreetEasy®, New York City’s go-to
real estate app and website owned by Zillow.
CD Davies, Head of Citi's Mortgage
business globally (Photo: Business Wire)
Citi has increased its advertising program for mortgages on
StreetEasy, including multiple ad placements, sponsorship of
content, and visibility for approved pre-certified buildings. In
addition, the Citi brand will be amplified, in terms of
advertising, on Zillow’s desktop and mobile experiences.
Citi’s special mortgage features such as an on-time closing
guarantee and relationship pricing will be available through the
online sites, as well as expanded consumer support services with
Citi representatives.
“Today, the vast majority of potential homebuyers begin their
property searches online,” said CD Davies, Head of Citi’s Mortgage
business globally. “We are stepping up our digital presence in the
real estate space to ensure we are a leading mortgage provider in
the markets we serve. Zillow offers us the opportunity to reach
homebuyers and engage the real estate community in an easily
accessible and productive way.”
“With more than 26 million loan requests submitted on Zillow
Mortgages over the past year, mortgage shoppers clearly look to
Zillow and StreetEasy for guidance with mortgage shopping,” said
Erin Lantz, Zillow VP of mortgages. “The increased presence of Citi
on Zillow and StreetEasy will help ensure home shoppers have more
options in home financing.”
Zillow attracted nearly 90 million unique visitors in the peak
home shopping month of 2014. Zillow and StreetEasy are fully
functional across all major platforms including Android™ and
OS.
As of September 30, 2014, Citi’s North America consumer mortgage
lending portfolio was $101 billion. The company is also a
third-party servicer for an additional $229 billion in
mortgages.
About Citi:Citi, the leading global financial services
company, has approximately 200 million customer accounts and does
business in more than 160 countries and jurisdictions. Citi
provides consumers, corporations, governments and institutions with
a broad range of financial products and services, including
consumer banking and credit, corporate and investment banking,
securities brokerage, transaction services, and wealth
management.
Additional information may be found at www.citigroup.com |
Twitter: @Citi | YouTube: www.youtube.com/citi | Blog:
http://new.citi.com | Facebook: www.facebook.com/citi | LinkedIn:
www.linkedin.com/company/citi
About Zillow, Inc.:Zillow, Inc. (NASDAQ:Z) operates the
leading real estate and home-related information marketplaces on
mobile and the Web, with a complementary portfolio of brands and
products that help people find vital information about homes, and
connect with the best local professionals. Zillow's brands serve
the full lifecycle of owning and living in a home: buying, selling,
renting, financing, remodeling and more. In addition, Zillow offers
a suite of tools and services to help local real estate, mortgage,
rental and home improvement professionals manage and market their
businesses. Welcoming 83 million unique users in June 2014, the
Zillow, Inc. portfolio includes Zillow.com®, Zillow Mobile, Zillow
Mortgages, Zillow Rentals, Zillow Digs®, Postlets®, Diverse
Solutions®, Mortech®, HotPads®, StreetEasy® and Retsly™. The
company is headquartered in Seattle.
About StreetEasy:StreetEasy is New York City's leading
real estate marketplace on mobile and the Web, providing accurate
and comprehensive for-sale and for-rent listings from hundreds of
real estate brokerages throughout New York City and the major NYC
metropolitan area. StreetEasy adds layers of deep, proprietary data
and useful search tools that help consumers and real estate
professionals navigate the complex real estate markets within the
five boroughs of New York City, as well as Northern New Jersey and
the Hamptons. The company launched in 2006 and was acquired by
Zillow, Inc. in August 2013.
Zillow.com, Zillow, Postlets, Mortech, Diverse Solutions,
StreetEasy, HotPads and Digs are registered trademarks of Zillow,
Inc. Retsly is a trademark of Zillow, Inc.Android is a trademark of
Google, Inc.
Photos/Multimedia Gallery Available:
http://www.businesswire.com/multimedia/home/20150210005555/en/
Media:Deirdre Leahy, 212-559-3296deirdre.leahy@citi.comorMark
Rodgers, 212-559-1719rodgersm@citi.com
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