Chase Manhattan Corp. has joined the growing list of companies participating in Intuit Inc.'s Web site for mortgage lenders, due to go live in November.
The Web site, QuickenMortgage, would offer real-time mortgage information, rate quotes, and loans to a vast pool of prospective customers.
Lenders are interested in developing low-cost alternatives to the traditional ways of reaching customers, and the 10 million users that Quicken claims for its personal financial software are an attractive audience.
Gene Devine, senior vice president at Eastern Mortgage Services Inc., Trevose, Pa., said he would be interested in a deal with Intuit. He said the company already originates roughly $3 million in loans per month through the Internet.
Chase, the third-largest residential lender, joins several other "charter lenders" that plan to participate, including Countrywide Home Loans Inc. and PNC Mortgage.