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Press release from Business Wire

Discover Home Loans Offers 5% Cashback on Appraisal Deposits

<p class='bwalignc'> <i><b>Discover Home Loans Helps Cardmembers Looking to Buy or Refinance a Home to Start the New Year Off on the Right Foot</b></i> </p>

Wednesday, January 16, 2013

Discover Home Loans Offers 5% Cashback on Appraisal Deposits08:30 EST Wednesday, January 16, 2013 RIVERWOODS, Ill. (Business Wire) -- Discover Home Loans wants to help Discover cardmembers start the year off right by helping them receive cashback on appraisal deposits for either a home purchase or mortgage refinance. Discover Home Loans is offering a five percent Cashback Bonus to Discover cardmembers who pay with their card for their Discover Home Loans appraisal deposit now through April 16, 2013. The Cashback Bonus reward will be deposited into the cardmember's Cashback Bonus account within two billing cycles. “Discover Home Loans provides a simple, easy and customer-focused home financing process, which is why we are pleased to reward Discover cardmembers looking to purchase or refinance with a 5% Cashback bonus for appraisal deposits,” said Robert Smith, vice president for Discover Home Loans. “At a time when consumers need a responsible financial partner, we've brought Discover's customer service expertise to the process of getting a home loan.” Designed to make the home buying and refinance process clear and simple, Discover Home Loans also offers customers additional rewards including the following: One dedicated licensed mortgage officer from first call to closing 24/7 website access to check the status of a loan Helpful and easy-to-use online tools and resources Real Estate Rewards –Use a recommended personal real estate coordinator and earn up to $3,100 in rewards, discounts and more - offered through Cartus Corporation, not an affiliate of Discover Close on time guarantee – A $1,000 credit towards closing costs is credited to the account if Discover Home Loans isn't ready to close a home purchase loan on time, subject to terms and conditions Welcome back bonus –Returning customers get up to a $2,000 credit towards lender origination fees, subject to terms and conditions Discover Home Loans is a source for consumers seeking prime variable- and fixed-rate conventional and FHA loans. Launched in June 2012, Discover Home Loans marked Discover's entry into the mortgage origination business with a complimentary product to the company's line of savings, lending and other direct-banking products. For more information about rewards programs for Discover Home Loans, please visit https://www.discover.com/home-loans/rewards/. For more tips and information on refinancing a current mortgage or obtaining a new loan, please visit www.DiscoverHomeLoans.com or call 1-888-866-1212 All mortgage loans will be offered by Discover Home Loans, Inc., an Equal Housing Lender, NMLS ID # 837915. For a complete list of Discover Home Loans' state lending licenses, see https://www.discover.com/home-loans/statelicenses/. About Discover Discover Financial Services (NYSE: DFS) is a direct banking and payment services company with one of the most recognized brands in U.S. financial services. Since its inception in 1986, the company has become one of the largest card issuers in the United States. The company operates the Discover card, America's cash rewards pioneer, and offers home loans, private student loans, personal loans, online savings accounts, certificates of deposit and money market accounts through its direct banking business. Its payment businesses consist of Discover Network, with millions of merchant and cash access locations; PULSE, one of the nation's leading ATM/debit networks; and Diners Club International, a global payments network with acceptance in more than 185 countries and territories. For more information, visit www.discoverfinancial.com. Media Contact:Robert WeissDiscover224-405-6304robertweiss@discover.com