Zillow Aims to Disrupt Lending Market With Its Mortgage Marketplace [View article]
tcornelison is absolutely right. Answering the question, "What's are your fees and your best rate?", cannot be answered in today's mortgage lending environment. It really does take time to analyze the client's total situation (credit, income, LTV). There are so many new changes that have been implemented just within the past 6 months. Finally, Malkiel is also right, find a credible lender from personal referrals that will provide you the level of service that you need.
@Dectra - You completely missed the point of the Zillow product. Zillow will not give provide your info to the lenders like Lending Tree does now. It sounds like you had a good experience with LT but they do provide all of your info (income, contact info, etc) to the lenders.
Good luck to Zillow, I am sure it will be successful for them.
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tcornelison is absolutely right. Answering the question, "What's are your fees and your best rate?", cannot be answered in today's mortgage lending environment. It really does take time to analyze the client's total situation (credit, income, LTV). There are so many new changes that have been implemented just within the past 6 months. Finally, Malkiel is also right, find a credible lender from personal referrals that will provide you the level of service that you need.
Apr 03 12:38 pm
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All Comments by Chris1206 »Zillow Aims to Disrupt Lending Market With Its Mortgage Marketplace [View article]
@Dectra - You completely missed the point of the Zillow product. Zillow will not give provide your info to the lenders like Lending Tree does now. It sounds like you had a good experience with LT but they do provide all of your info (income, contact info, etc) to the lenders.
Good luck to Zillow, I am sure it will be successful for them.