Decision Tools
Lender Comparison
For most homeowners, their mortgage represents the largest financial investment they will own in their lifetime. This is why it is so important that homeowners get matched up with the right lender(s) and get the lowest interest rate possible based. Interest rate quotes on mortgages are readily available on virtually any mortgage website, and there are a number of websites that purport to effectively match borrowers with the best lenders and offers. Despite advances in technology and the explosion of information on the web, the reality is that the mortgage shopping experience for consumers is still very sub-optimal. The market is very fragmented with many providers claiming to offer the best rates. Online lead generators and direct lenders have made advances in the space, but these advances made have served mainly to reward mortgage brokers and lenders, not consumers, until now.
Our custom mortgage search application is the first of its kind offered directly to consumers. It is the first true lender comparison tool available where consumers are able to compare rates and products from a variety of lenders in a single centralized place. By completing our online forms, consumers create a customized profile that is then compared against the underwriting guidelines and pricing metrics of the lenders in our database. Our patent pending technology is the first of its kind that is capable of aggregating and searching these lending guidelines and pricing metrics across all areas of the mortgage market, including both Conforming and Non-Conforming loan products (i.e. Prime, Alt-A, and Sub-prime).
We believe that we are providing a unique and valuable service to consumers, and are filling a critical need for borrowers who are shopping for their mortgage online. According to a June 2006 report from Forrester research, a substantial number of online mortgage shoppers are looking for a way to compare rates and fees from various lenders, but the majority of these shoppers have been unable to find such a tool on the web. Our custom mortgage search web application allows the consumers to do this in a unique and groundbreaking way. Our web application is also designed to only show consumers those products and rates for which they will likely qualify. One of the shortcomings of other websites and services is that the rates and products they display are not necessarily those for which you are going to qualify. Our technology takes your profile and screens it against our lenders' guidelines for product availability based on such criteria as loan amount, loan to value, property type, state, etc. We use all this factors to eliminate those products that will most likely not be available to you.
Our custom mortgage application is more than a comparison tool for shopping various lenders' products and rates. By aggregating the lenders' underwriting criteria, the results our web application produces by analyzing your custom profile are designed to list those products and lenders for which you will likely qualify and be approved. As mentioned above, our technology includes all areas of the mortgage market, and we are able to show you results even if you have less than perfect credit including prior bankruptcy, late payments, or other credit issues.