Impac Mortgage, the residential lending division of Impac Mortgage
Holdings, Inc. (NYSE MKT: IMH), and HomeAdvisor have finalized an
agreement in which HomeAdvisor.com will advertise Impac Mortgage
services to HomeAdvisor consumers who express interest in lending
HomeAdvisor is a leading website and mobile app source that connects
homeowners with local service professionals for their home repair,
maintenance and improvement needs. Harnessing more than 14 years of
expertise, HomeAdvisor has connected more than 25 million homeowners to
their network of over 85,000 pre-screened, customer-reviewed service
professionals. HomeAdvisor also provides a suite of online tools to help
homeowners design, budget for and complete their home projects. Access
to all of the site's features is free to homeowners with no membership
or fees required. HomeAdvisor.com will feature Impac Mortgage as an
exclusive mortgage finance provider for online consumers.
Impac Mortgage, through its national call center, will offer HomeAdvisor
clients renovation and home improvement mortgage education and products
such as FHA 203(k), cash out refinances, and HELOC loans. The exclusive
agreement between HomeAdvisor and Impac Mortgage is scheduled to be
rolled-out in the first quarter of 2014 and generate mortgage
originations beginning in the second quarter of 2014. HomeAdvisor
consumers will be channeled through Impac's current call center and
recently launched lead generation marketing which together will generate
home improvement and renovation loans along with reverse mortgages.
"With 14 years of expertise helping more than 25 million homeowners find
a trusted home service professional, HomeAdvisor is a cutting-edge
resource in the home industry which Impac Mortgage is proud to further
serve, educate and provide mortgage product solutions to meet consumers'
unique needs" said Bill Ashmore, Co-Founder and President of Impac
"We are pleased to partner with Impac Mortgage and have their knowledge
of financial and real estate solutions available as an additional tool
for homeowners," said HomeAdvisor's CEO Chris Terrill.
About Impac Mortgage
Impac Mortgage Holdings, Inc. (IMH or Impac) provides mortgage and real
estate solutions that address the challenges of today's economic
environment. Impac's operations include mortgage lending and servicing,
portfolio loss mitigation and real estate services as well as the
management of the securitized long-term mortgage portfolio which
includes the residual interest in securitizations. Impac Mortgage is
based in Irvine, CA and operates online at ImpacMortgage.com.
HomeAdvisor is a leading website and mobile app provider offering
resources for home repair and improvement projects. HomeAdvisor's
technology matches homeowner projects to the nation's largest network of
over 85,000 pre-screened, customer-reviewed home improvement
professionals. Homeowners can make informed home project decisions using
resources including: Pro
Reviews, featuring reviews from homeowners who have actually been
connected with the service professionals they review; Cost Guide,
providing average costs for projects coast-to-coast; Home911,
offering dedicated 24/7 emergency home repair support; DesignMine,
providing inspiration and collaboration for remodeling projects; as well
as robust home trips and project planning tools. Access to all of the
site's features is free for homeowners, with no membership or fees
required. HomeAdvisor is based in Golden, CO, and is an operating
business of IAC (NASDAQ: IACI).
For additional information, questions or comments, please call Justin
Moisio in Investor Relations at (949) 475-3988 or email Justin.Moisio@ImpacMail.com.
Web site: http://ir.impaccompanies.com
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