Mortgage Benefits Corporation, the provider of group mortgage and realty benefit plans, today announced an agreement with Cash Rewards, Inc, a provider of rewards programs for merchants, to bundle the Cash Rewards(TM) program on MBCís MortgageChoice Plan(TM) group benefit platform.
The patent pending MortgageChoice Plan is a no cost, voluntary benefit that assists employees who wish to purchase, sell, or finance homes. As the mortgage equivalent to a group medical plan, the Plan utilizes the purchasing power of the group to provide group discounts, Cash Rewards, a choice of providers, and premium services for Plan participants. The Cash Rewards program is a revolutionary promotion using a time-deferred mail in cash reward that allows consumers to receive up to $10,000 once a purchase has been made.
The MortgageChoice Plan offers members up to $10,000 in Cash Rewards when they obtain a mortgage through The Mortgage PPO(TM) network or they can choose to receive up to $1500 in The Home Depot Gift Card. Members also receive up to $20,000 in Cash Rewards when they purchase and sell and home through The Realty PPO(TM) network or they can choose to receive up to $10,000 in The Home Depot Gift Cards. Other benefits include a choice of prescreened Loan Agents and Realtors, a ìSearch for Homesî database, an online verification process to assist Plan members in receiving their benefits, a Live Agent Referral(TM) service, pre-negotiated discounts on title insurance, escrow/closing fees, appraisal fees, loan products from over 100 lenders, % rates discounts on Preferred Lender products, a Help Center open daily, the 911 Light emergency home identification system, and consumer protection with dispute resolution services.
The bundling of Cash Rewards onto The MortgageChoice Plan platform gives MBC more options in how we can provide benefits to members, said Marsha Tiller, founder and president of MBC. ìThere are a number of states that prohibit cash rebates or gift card incentives and the Cash Rewards program is an excellent way for us to administer a national incentive program that provides significant benefits and complies with all state laws.î
MBC sponsors and administers the Plan at no cost to qualifying corporations or Plan participants. Increasingly, companies are seeking ways to maximize the value of their employee benefit packages as health care costs soar. Providing additional voluntary benefits, gives employees more options and offsets the cost of the overall benefits package. The Plan is marketed to Fortune 2000 corporations and association members exclusively through benefits brokers and benefit consulting firms.
ìThe addition of Cash Rewards on The MortgageChoice Plan platform has enabled us to partner with the leading mortgage and realty benefits provider in the United States,î said David Maloy, president of CRI. ìThis exclusive partnership will further strengthen MBCís line of benefits and create amazing opportunities for corporations wanting to offer their employees something extra in a time of dwindling benefits.î
Distributed by HR Marketer.com
Mortgage Benefits Corp. bundles Cash Rewards on The MortgageChoice Plan Group Benefit Platform
The MortgageChoice Plan offers Cash Benefits, Discounted Rates and Fees, Over 100 Lendersí loan products, and The Mortgage PPO(TM) and The Realty PPO(TM) network
