Zillow Launches Mortgage Rate Valuation Tool

Zillow has launched a new platform allowing users to compare mortgage rate quotes alongside their already popular home valuation tools.

The mortgage rate-quote platform will not only help buyers shop for the best mortgage rates, but will also be a lead source for mortgage service providers. And while users’ contact information is not released directly to these mortgage groups, enough information is supplied to enable mortgage professionals to determine the best rate quotes for buyers.

Zillow CFO and VP of Marketing, Spencer Rascoff said that the new platform is intended to protect the privacy of consumers while providing a more accurate and transparent process for quoted loan rates.

It seems that this tool seems will be a great coup for buyers and mortgage professionals alike. For buyers, it will take the pressure out of shopping for the best quotes in person. For mortgage professionals—who pay a one-time fee of $25 to participate—it will provide an excellent lead source.

This new platform will compete with others already available in the loan industry, such as MortgageMarvel.com and LendingTree.com, both of which allow mortgage professionals access to customer information. Both companies list fewer than 280 lenders in their network, while Zillow received over 300 registrations last week alone.

Labels: , ,

Subscribe to NuWire's free weekly investment newsletter:
Your information will not be shared


July 18, 2013 at 1:21 PM ricky martin said...

Interesting article - we are currently on a mission to help seniors save on their reverse mortgages - many in the media have given the reverse mortgage program a bad rep but in reality it is a great program for some - we are working hard to allow seniors to comparison shop HECM lenders -
reverse mortgage
reverse mortgage calculator
reverse mortgage rates
how does a reverse mortgage work
reverse mortgage information

August 23, 2017 at 8:41 AM Adila Bitar said...

This comment has been removed by the author.

August 23, 2017 at 8:42 AM Adila Bitar said...

Zillow is a well famous name and if they launch tools then it would be great and I think they must be started Web Development Service for their users and if they not then they should contact the best developers who can provide the thing them which they want

November 8, 2017 at 5:49 AM simonwinterhous said...

if you need help with resume writing then our service will help you

November 24, 2017 at 3:45 AM amitab bachhan said...

I am interested to learn what blog system you're using?
I'm experiencing some small security issues with my latest blog, and I want to find something safer. Are you experiencing any suggestions?
AP EAMCET 2018 Exam Date
GATE 2018 Exam Dates

Post a Comment


© 2010 NuWire Investor and NuWire, Inc. All Rights Reserved.